Hello Nairaland Family, Greetings to us all.

I want to ask the Forex price action traders, apart from
1. Analysing with higher timeframe
2. Draw support and resistance zones
3. Analysis chart patterns
4. Take note of candlestick patterns (optional)

What else am I supposed to do?

And lastly is price action good for growing small accounts ?
After taking my trade entry i always see am on losses and then i develop fear and forced to close with loss. Pls am i too quick to close the trade or i didn't analyse the chart well??

If anyone has a strategy for catching spikes on Boom and Crash pls I'll be very grateful if you share with me. Thanks in advance for your contributions

Nice one op

Binary options automated trading

"What else am I supposed to do?"

Pls note that you are on the right path using price action to trade. Proce action applies to all timeframes from M1 to MN.

What you need to add is MULTIPLE TIMEFRAME ANALYSIS.

But from experience, I will suggest you abandon trading on MT4 or MT5. Just trade Binary. Why? Cos no matter how our perfect out analyses are, we still lose trading FX.

kennylagos:
"What else am I supposed to do?"

Pls note that you are on the right path using price action to trade. Proce action applies to all timeframes from M1 to MN.

What you need to add is MULTIPLE TIMEFRAME ANALYSIS.

But from experience, I will suggest you abandon trading on MT4 or MT5. Just trade Binary. Why? Cos no matter how our perfect out analyses are, we still lose trading FX.

.

I disagree with that point, though it might be tough trying to get the right trading strategy , with patient and perseverance, you hit the diamond one day and that settles it.

And note once you can break the edge in forex trading, you become a professional trader and the nature of how the market works becomes revealed before your every eyes. Here is another strategy i develop with absolute sniper winning effect.

Another great move...............................!!