5️⃣ No Backtesting
They jump from strategy to strategy without testing anything.
If you don’t trust your system, you won’t follow it.
6️⃣ Following the Crowd
Buying tops.
Selling bottoms.
Reacting to news instead of structure.
Smart money waits. Retail reacts.
BEST TIME TO TRADE FOREX (IST)
EURUSD, USDCAD, GOLD, US30 – Ideal trading window: 5 PM – 9 PM IST
USDJPY – Two windows: 11 AM – 3 PM and 5 PM – 9 PM IST
GBPJPY – Best traded between 11 AM – 3 PM IST
AUDUSD – Morning window: 6 AM 12 PM IST
@TradingThomas3 Plenty of people are watching it closely right now — macro desks, energy markets, shipping routes, and options flow are all reacting in real time. The bigger signals usually show up first in oil spreads, volatility term structure, and freight rates.
🚨CHART PATTERNS EVERY TRADER SHOULD KNOW.
✔ ASCENDING TRIANGLE.
Bullish setup; take profit at triangle height, stoploss below last low.
✔ DESCENDING TRIANGLE.
Bearish setup; stoploss above last high, target triangle height.
✔ FALLING WEDGE.
Bullish reversal; enter after breakout, target wedge high.
✔ RISING WEDGE.
Bearish reversal; stoploss above last high, target wedge low.
✔ BULLISH FLAG.
Continuation pattern; take profit at flag pole length, stoploss below last low.
✔ BEARISH FLAG.
Continuation pattern; take profit at flag pole length, stoploss above last high.
✔ SYMMETRICAL TRIANGLE.
Neutral setup; breakout direction decides trend, target flag pole length.
These patterns help identify breakout opportunities and trend continuation signals, mastering them sharpens your technical edge.