Trading with Timon Part 2

In this video you can learn why you should seriously avoid only using indicators on your chart and why you should focus more solely on price action and the chart structure.

In the next video you can get some tips why you should avoid listening or focusing on Fundamentals in your Forex Trading.

The trading of a 5 minute chart is not too much different to any other time frame however it can be much more time consuming. In this video you can learn how to trade this time frame profitably. The methodology is based of engulfing price action follow through's (momentum) that can help to put probability on a traders side, however in order to be profitable you must still follow a good money management and risk reward principles.

One of the hardest aspects in Forex Trading is to overcome dealing with losses. This is because we associate loss with pain and that pain causes us to do things in trading which actually can create more loss. By associating loss with good experience you can start to see more trading like a process rather than 100% win ratio business. This process is the key to your own success.

In the next video you can learn what a significant candle looks like and how to trade it.

The following video shows you how to detect a trend change on the Forex Market as soon as possible. The secret is the understanding what to look for on the weekly charts, by identifying when to get in or stay in properly, not only can one dominate the Forex market, but one can also manage there time as effectively as possible.

In the next video Timon goes over the way a trader can trade the weekly engulfing method for trend direction without risking a big amount of pips of say trading the weekly chart directly. This method involves identifying a potential signal for a trend direction on the weekly chart and then dropping down to a lower time frame such as 4 hour and 1 hour to buy or sell on pull backs in the direction of the weekly chart signal bias. This method is extremely effective as it looks at signal biases from the Weekly Chart. You should have in mind that this is a trend based trading strategy and like all strategies, they do not work the whole time.

One of Timon's favourite pairs that he likes to trade is the GBPNZD pair. In this video he will give an insider look into this pair and how he chooses his bias and where to trade based on price action.