MAXIMUM PAIN LEVEL

This is basically my favourite entry area. It allows me to buy low and sell high. In general, maximum pain level is the last possible area where you can take a trade. Remember the forex business is a like a marathon. It's not about how fast you are but the endurance you have.

You need to make sure that you have a very good risk management technique to be succesful in the long run and no wonder why I like entering my trades on the maximum pain level because when I am wrong my loss does not hurt me much but when I am right, the reward is greater and that's what you need in this business.

Looking at the chart i have attached USDMXN, I am looking to be long at that maximum pain level. If it holds thats good, if it doesnt hold,I wont feel hurt because i will lose less. If it goes without me, there will always be tomorrow.

That's it for today. Wishing you "Angel" like trades.