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a great trading year on forex trendy textbook trade for all the traders out there watching the video because i’m gonna talk about ftmo i’m gonna talk about different strategies you can use to pass the challenge
hello everybody welcome back to another video i’m back with another forex trendy episode i’m here to answer to all your questions about forex trendy i know many of you are asking me if it works if it is a reliable tool listen i am a forex trendy user for three years and if it didn’t work i wouldn’t make videos okay my first video
i made my first video like three years ago and after three years i’m still here okay so i always tell you uh in the beginning of my videos that it’s very important to have a strategy okay because you cannot invest blindly and just give to the market your money honestly so if you have strategies if you know what you’re doing you will be fine okay so it’s very important to be a prepared trader do your uh homeworks okay be prepared as much as you can okay because knowledge is everything in this business and you will be fine and you’ll be using forex trendy at this best so today i’m going to show you how it works uh here with the reliability on high this is not the highest level but the first one is highest you’re gonna take few trades but the chances to go in profit will be much higher okay so the first trade of the day is the euro usd we have falling watch by signal break at 0 9 46 the breakout was pretty good as you can see we got four or five dodges and the price was uncertain where to go up or down then it went down and i think that your many trader got stopped out it depends on your uh stop loss in general on your strategies okay if you have wide stop loss then you will be in the game here but honestly i think that most day traders have like 10 15 pip stop loss and they got stopped out so the price continued to go up reaching the 10 14
so a nice crime let’s analyze for a moment to the chart as you can see we got this very strong selloff here and uh i will i will wait for a better better confirmation from the market okay yes we got this falling wedge but look at the pattern itself okay the sell-off is very very strong so i will wait honestly okay then we got another shoulder as you can see the left shoulder here the head and the right shoulder and the price then going up so my honest advice when trading the market especially on the five minute time frame is don’t be in early to make money because there will always be an opportunity to make gains okay so especially if you have a chart like this i’m going to show you the difference in the next trade
the euro and the new zealand dollar as you can see the chart is completely different because we got a very strong bullish inputs here then the retracement the flag and the price breaking through the trend line and going up okay so the breakout is 6207 and the top here is 63 19. so at least 100 pips can you spot the difference strong bullish inputs retracement so the market is taking a break it’s breeding a little bit and price going up this is the perfect price action for a buy signal here okay spot the
difference bullish impulse here and then the strong bearish movement downward okay so honestly you can see the pendants here
difference this is a big difference okay price action and chart reading is everything in uh day trading
let’s jump to this with french and germany we have flex cell signal breaker 2588 so the price was stalling here at 26.08 very close to the zero zero level price uh psychological level then we have a nice breakout the price retesting the trend line and then going down uh at the bottom of 25.47 so a nice trade okay if you have like 20 pips target you’re gonna be fine especially if you have 10 pips stop loss and 20 pips
take profit you’re gonna be fine some of you i’m asking me if this tool is good to pass the ftmo i think yes is good but it’s everything in your hands what i mean that you need to have strategies for that challenge and in my shoes uh i would change okay everything according to the market scenario and um for example if i will jump okay from like
a sculpting uh strategy where i change my position sides okay in order to make much bigger gains so from the moment you are a fourth to make 10 percent in one month 10 in one month is
is possible okay but it’s not that easy if you if you think about it if you can make 10 in a month in 10 months you just double uh your account so it’s like an outstanding performance i mean i’m fine with five eight percent at my best months okay so it’s everything about numbers and it’s everything about plants the last trade is still in progress so another good price action here a very strong bullish impulse here the market in my opinion is gonna take a little bit of of break here you know because it’s not able to break the ceiling gear at zero three tier 33 so i’m gonna wait for it um and we will see what what will happen in next days if the price will be able to reach the 50 level okay so for today’s everything let me know what you think below in the comments if you have questions don’t be shy i’m gonna answer to all your questions i’m always open and honest in my answers i’m not here to sell you things that don’t work or uh get rich quick schemes because i don’t blame them this is long trading uh this is a long term journey okay so for today’s everything if you wanna use forex and you you will find the link below in the description see you soon bye