Big Step
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Money Man urges you to push play on the previous analysis linked below. This will give you an idea of tolerances to consider if interested in these levels. It is not often that targets are so far from decision levels and that amps up the risks here, underlining the importance of the mentioned tolerances and the reflection on that in position sizing.
Forex is a horse of a different color with all the leverage that goes with it. Money Man is cautious of leverage as he thinks that that and stop-loss levels are where most traders get undone. You need to get into a position of strength to make good decisions and that to him necessitates building a position while being constantly aware of where your “crying uncle” price is.
Conclusion: The big spaces above and below decision levels makes this an analysis that demands even more clear planning than normal. Very Important to me: Please like if you appreciate the effort, Please comment and add your voice or develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Forex is a horse of a different color with all the leverage that goes with it. Money Man is cautious of leverage as he thinks that that and stop-loss levels are where most traders get undone. You need to get into a position of strength to make good decisions and that to him necessitates building a position while being constantly aware of where your “crying uncle” price is.
Conclusion: The big spaces above and below decision levels makes this an analysis that demands even more clear planning than normal. Very Important to me: Please like if you appreciate the effort, Please comment and add your voice or develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
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