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One of the things that holds most new traders back is a lack of confidence or a real belief in their approach or their strategy. I use black and white data directly from the market itself [That I spend weeks and months building and compiling] to instil the confidence needed to trade with success and most importantly consistency.
My GBPUSD day trading strategy is completely mechanical and is designed to remove emotion and guesswork from trading the forex market. I initially noticed a recurring price behaviour within the market and after a couple of months of digging deeper into the behaviour itself and the data [Some of which is shown towards the end of the video] I realised that it was happening very regularly. With lots of testing, disappointments, setbacks and constant trial and error, I finally managed to design the successful and consistent strategy that you see me trading live in this video.
This strategy is perfect for those of us who have work, a day job or a business to run outside of trading and those of us who just want to take one early-morning trade and simply let it run. “Set it and forget it”.
I’ve also designed a mechanical strategy for the DAX [Germany 30] market which is also based on a different recurring price behaviour that I also use to day-trade the market. I’ll do a similar video to this one going into more detail about that strategy in the future.
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