Vibing in the financial charts. This is how you want to trade. You want to vibe with the charts in hand. Dance with the charts. Vibe out. Crack open a cold soda, a sprite or a Pepsi preferred personally, then rock out.
Rock out on the charts. Play each bar chart number, both colors. Pick one number and say, once it hits this number, whichever way it does go, I'm getting paid.
You do this in one account. The other accounts are for temporary scalping. When you are looking at the charts, you are choosing a number, once, and with both colors bet. Now you lose nothing. Not a single dollar.
The one negative trade will indicate which direction is currently losing. Once the losing direction has been identified, you want to go in the profitable direction, crazy. As if you were a freaking mad man. Well? Are you a human? Do you ever get mad? Well then be a mad man darn it.
Then settle down and watch the charts. Take your frustration out on the profitable direction. I'm only looking for the profitable direction. The only thing you want to do is to find the profitable direction. Well? What direction is now in profit?
This is the main strategy you want to keep. Use the demo meta trader 4 and 5 accounts to always pre identify the in profit momentum. Where is the momentum travelling towards?
The resistance levels or the support lines? This is the only direction you go in, until the next line or Bollinger band has been touched. The Bollinger bands are indicators on the platform chart you have to add to your charts. Add two bollinher bands.
Each number on the bar chart, chart, is a line. Each line should be played both colors. Pending order buy limit and sell limit. You are going to play each number twenty times, maybe ten, maybe five. In the momentum test or demo account you test all three pairs you choose to trade.
For now, let's just say you are only trading the three pound pairs. Quentin, Justin and Chad. Chad is the EURGBP, the youngest. Justin is the middle child. Quentin is the GBPUSD and the oldest. Justin is the middle child. The middle child, in this situation, is the most responsible and reliable. The EURUSD. The second to respond to the impending change.
All three brothers are parallel. They all move in the same direction but one after the other. Chad is the last to respond to the impending move. Que will switch directions first. Once Que moves, you did engage those trades with Justin and Chad.
You're so welcome. Its birth order pyschology, mixed with financial chart reading. By only focusing on these three currency pairs, I am limiting the rate of failure in trading, I experience.
How much trading failure would you like to forego? Exactly. Pick three pairs with one common denominator. The common denominators are the EUR and the GBP. The EURO and the Pound. Simple math.
You want to know which pairs are adjacent, perpendicular and parallel to each other. Well I'm telling you this right now man. Better write it down. Boy why is this book under your pillow? Its how you make money in your sleep while you dream about making money in your sleep? Boy let me see that book.
Give it here. You said it taught you what? Boy what did you learn from this book? How to earn a hundred bucks in a day in the hood at night, while you're tucked away good night? Good day boy, you'll never see this book again.
You want to play each bar chart number, both colors. On the demo and in one momentum testing account. The direction that's not in profit, will be in profit next session. The direction in profit now will be in profit until the next session.
Simple concept, not so easily executed by the beginners of the market price bet placers. Place your bets on the bar chart number. What ever direction is in profit, you ride that equity in the other accounts as well as the test account.
Only the test account should be actively holding the trades when you're not looking. The scalping accounts are for the in profit momentum trades while you are engaging in the manual trading.
This is the emergency manual trading based on the in profit momentum based on the bar chart numbers.
The most serious flash of thunder and lightning I have ever heard, hit right as I wrote the second to last paragraph. That's called a double double, from the universe. Its confirmation the thought you were thinking was on to something.
I'm going to continue this chapter in the morning. You all have a great night please. Goodnight Paulie. Sweet and pleasant dreams. Continue to rock out on them charts y'all boys. Y'all boys good?
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