Forex best trading holy grail strategy youtube

Forex best trading holy grail strategy youtube

When autocomplete results are available use up and down arrows to review and enter to select. Touch device users, explore by touch or with swipe gestures /07/20 · The Bank's "Holy Grail" Forex Trading Strategy EXPLAINED (THE Best Forex Strategy )What's the best Forex trading strategy in ?Is there such thing as Forex Holy Grail System Best Forex Trading Strategy. January 6 ·

'The Holy Grail of Forex Trading Strategies' - Daily Chart Timeframes » Learn To Trade The Market

He has taught over 25, students via his Price Action Trading Course since InNial won the Million Dollar Trader Competition. Trading the 5 minute forex best trading holy grail strategy youtube and other lower time frames decreases your chances of success and is widely considered gambling:. I am going to tell you guys something right now that you may not have thought about before…you only need 1 big winning trade a month to be a successful Forex trader.

How is that possible you might ask? Some of you probably even know that this over-involvement with the market is why you are losing money regularly or struggling to keep your head above water. But, the cold hard truth of the matter is that you will likely never be a successful trader until you first break this addiction….

Now, here is why I firmly believe that trading lower time frame charts is a waste of time and money. Trading a 5 minute chart stimulates the reward centers of your brain…it gives you instant gratification. Having patience and discipline to focus ONLY on the daily charts takes more effort from your more highly-evolved brain areas, forex best trading holy grail strategy youtube. So, the point here is that traders who are addicted to trading a 15 minute chart are actually addicted to the feeling they get from entering the market, and this means they are unable to use their more advanced planning and forex best trading holy grail strategy youtube brain areas effectively.

I have personally only met a few day-traders who make money consistently, and they almost all seem really forex best trading holy grail strategy youtube and strung-out, like a junky who cannot stop thinking or talking about their drugs the market. To focus on daily chart trading you need patience and mental fortitude, this takes intelligence and forward-thinking, it takes checking your ego at the door, and it takes a realistic attitude.

So let me set this straight for you guys right now: Through position sizing, you can trade the daily charts just fine on a small trading account…you just have to trade a smaller position size. This all contributes to a poor trading mindset and ultimately to you losing more and more money.

Look at this chart below of the daily spot Gold market. This trade setup was clearly with the existing up trend, it was well defined, and formed near two areas of support…. The point is this…if you wait patiently and hit one big winner like this a month, you are doing very very well, forex best trading holy grail strategy youtube.

Understanding the overall daily time frame bias of the market is very important for trading the daily charts and the 4hr or 1hr charts too.

While the amount of money you risk per trade is a highly personal decision that depends on your individual financial situation, trading the daily charts can allow you to risk a bit more per trade than trading the lower time forex best trading holy grail strategy youtube. Take note: I am NOT saying you should risk more per trade, I am saying that when you only TRADE 3 TIMES A MONTH or thereaboutsyou clearly can risk more money on one trade than if you are trading 30 times a month.

However, keep in mind, this obviously only works if you can remain disciplined enough to not jump back into the market on revenge after you have a losing trade. One thing I firmly believe in is that Forex trading success is largely a result of the quality of the trades you take…not the quantity of trades you take.

By simply reducing the frequency with which you trade, you will simultaneously improve your odds of succeeding over the long-term. You need to understand and accept the fact that 2 or 3 quality trades a month is going to put you much further ahead than 20 or 30 emotion-fueled impulse trades a month…no matter how good it makes you feel to take them. Remember, forex best trading holy grail strategy youtube, the tortoise won the fabled race because he was slow and consistent, instead of fast and full of emotion like the hare….

Trading success is a direct result of the way you think about the markets. It takes consistent control of your emotions and actions in the market to produce consistent trading results. There is no sure-fire way to eliminate the temptation of the lower time frame charts, but if you re-read this article and some of my other Forex articlesyou will reinforce the reasons why taking a slower and longer-term view on the market is the quickest way to making money as a trader.

The daily chart time frame is at the heart of how I trade and how I teach; my price action trading strategies and my overall trading philosophy revolve around taking a calm and stress-free approach to the markets. I know what I am looking for on the charts, if it shows up, I enter the trade, if not, I walk away from my computer. Indeed, trading is the ultimate test of self-discipline and will power, and the more you develop these abilities, the more you will find that the profits you seek from the markets are not so elusive after all.

I have tried all the available TFs in MT4 from 1 min thru 1 week. Tried almost all indicators and PA, forex best trading holy grail strategy youtube. Traded all majors and some minors. So, I plan to give D1 a long 12 months try and stay with 1 pair.

What price action strategy do you recommend I thought of going for long when price is above 10 or 20 EMA or 50 EMA and exit forex best trading holy grail strategy youtube it is not.

I must confess that your strategies is a life sever, now I know the value of D1 trading, thanks for this. I always find myself coming back to read and re read the material. Such a great help. Thanks Nial.

Nial Fuller I thank you for the article but I think as I said earlier for persons who have being in the game for long they will all agree and identify with this but for newbies it is very difficult so in your articles rearrange them into newbie, forex best trading holy grail strategy youtube.

intermediate and veterans. One of the things to understand as a trader new trader,beginneraiming for success, who wants to stay long in the marker is understanding how position size works. Trading with daily chart is the most profitable strategy to me, as I have tested and it really worked out for me. This is what Nial highly recommended with emphasis, forex best trading holy grail strategy youtube.

At times, I do trade with 0. Things is really working for me. if you want succeed and stay long in the market. Thanks for that Clarifications and Confirmation.

I did the same thing and I have to agree with you that Nial emphasizing that as beginners we should focus on the Daily Time Frame to Trade on. Definitely gonna keep doing this. Guys Please as a fellow LTTTM Member, we should all listen to Nial. Concentrate and Focus on the D1 Daily Time Frame. Hello sir I would like to know which one of the two time frames is better to use. The weekly and daily time frames. I will glad to have your feedback.

Total rubbish! As if trading 3 times a month will give you a higher win rate than trading 30 a month is wrong. Trevor, it is incorrect to suggest that 10 trades on 30 min chart are the same as 10 trades on daily chart. The 30 min chart has far less forex best trading holy grail strategy youtube behind it, a signal on 30 minute chart is closer to being market noise than a true signal from a higher time frame, which has far more weight behind it 24 hours of trade data.

Quality over quantity is important. I now developed a paradigm shift the I trade. I previously listened and subscribed those free signals until I noticed it was all nonsense that my small account nearly wiped out.

thanks for this article…. life saving stuff. I must say this is one of the best articles among many other great one that had completely transform the way and direction of my FX journey. Be blessed and stay blessed. Sir Nial, youre advice here is incredible, slowly but surely, i think i will join the course, this is right for me as aslow learner, thanks. Nial gives sage advice. My preacher has always taught that solid thinking, not emotions, should rule ones life.

I used to trade the lower time frames heavily made money too but I was stressed and found myself thinking about charts all day. I found higher time frames by accident and never looked back. I still lose traded but not as much and I feel so much better. I have not yet began trading but am studying my different options for executions. This seems so true because back in my poker days when I used to play a bunch of hands for small wins id end up playing a bad one that lost all my wins and my payroll.

Where as when i was patient for my good hand id win the amount of all those small pots together and more without all the little and big losses to follow. So i definitely notice a big connection between these two games and the philosophy of patient play versus quick and impulsive ones. you said in your article, trading 15m and below is highly forex best trading holy grail strategy youtube and considered as gambling… however, 30m, 1hr, 4hr… were not mentioned.

Because I am currently learn and the immediate switch from 1m to 1d charts looks very difficult from my point of view… Thank you.

Nial, forex best trading holy grail strategy youtube, I love this article particularly, and I have read many, forex best trading holy grail strategy youtube. I first started trading a little more than a month ago, and following your advice, I quickly started to realize great, consistent profits trading the daily charts. After research, study, and practice, I would reap great profits in 15 minutes or an hour on the 15m or 5m charts.

Then, I would have an equally bad or twice as bad losing streak the next day. Reviewing my demo account, I noticed that my most profitable times were with your strategies on the daily chart, so I decided to revisit your website and see what you had to say on the subject. Low and behold, I was suckered into impulsive gambling by the allure of quick profits without realizing it. I went in with the best of intentions, lead by curiosity and greed.

My true aim is self-control and iron-clad willpower, so I will be returning to the daily charts, implementing the strategies as you have described them.

Resources like yours enable people to climb out of soul-sucking wage labor. U are so on point. Av blown my account severally bcos i didnt know which time frame to really trade.

Always boxing up everything but now as am preparing to hit the fx market again and very sure to blow after trainings like this. Thanks for the lesson. The seductive shorter time frames are a real trap. Really appreciate the importance of changing my midset and using the daily charts as a baseline.

Thanks once again. Hi Nial, I am trying to comprehend what exactly you meant here and will appreciate you could help me with this matter by answering the below questions: I understand you trade on daily charts, forex best trading holy grail strategy youtube, but Does Nial Often Checks The Market On Four Hours Intervals on H4, Or Rather Solely Deals With Daily Charts For The Purpose Of Entries and Exits?

Monitoring 10 instruments 6 times a day on four-hour charts translates into 60 times analysis on one single trading day that could be really drowning, whereas dealing with daily charts downscale it to 10 analysis a day, if I am correctly getting what you have been trying to say.

I perform analysis forex best trading holy grail strategy youtube daily charts at the end of the New York session and I check live trades a couple of times per day.

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Forex Holy Grail (Its Not What You Think)

The 'Holy Grail' Of Forex Trading Strategies Is To Use The Daily Chart Timeframe. Let’s face it, 95% of you reading this are probably not consistently successful traders, in fact, you’ve probably blown out a trading account or three by this point. You probably enter a trade and then sit at your computer watching the market tick away or reading economic news for the next two hours, unable Forex Holy Grail System Best Forex Trading Strategy. January 6 · What is the Secret Behind the Forex Holy Grail? My winning method put into my software's code is a trading strategy which was designed to predict true direction of a financial instrument. It can be applied to any forex pair. My indicator will help you stay on the safe side of the market in any trading session, any time of the day