This post is a reminder to all of us trading the forex market. Here is the reminder: Do not look for complex systems to trade the market. Look for simple and proven signals that is timeless and can give you the 90 percent chance of success when you trade based on those signals. These signals will usually be learned over time and requires experience. There is no short cut to trading success and especially so in the forex market. You need to gain as much experience as you can and you need to learn from the observations that you have made that is being played out in the forex market. That is one of the reasons why I am motivated to keep this forex blog alive. I don’t get paid doing this blog up but I am very happy to keep on updating it as it is actually a journal that helps to remind me of the interesting and potentially profitable observations that I have made with regards to trading the forex market.
One of the strongest signals that I would like to share with you is looking out for “Lower Highs in a downtrending Market using the 1 hour time frame”. How do you know that the particular price level is a high? Well, you play on probabilities and here it is bestthat I show you the signal itself on a chart that I have uploaded below.