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Paint By Number Forex Trading

Most of us painted at least one picture growing up where we painted by number. If we stayed within the lines then the picture turned out pretty good. In my case it might have been the best picture I painted. Trading Forex is similar.

 

You need a good signal, one that you can count on.

You need to understand that signal and how to trade it.

You do not need multiple indicators to find a successful trade.

You need to learn how to determine the direction momentum will be going in the time frame you are trading.

Once you know the momentum direction, you look for the signal in that direction.

 

As you can see by the M5 chart below there were 3 signals this morning that lead to substantial pips.

This information is readily available in The Dow Trade, RSI Fundamentals: Beginning to Advanced and using The RSI Paint Indicator to locate signals. You can also learn by taking the RSI PRO Forex Trading Course.

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Paul Dean
Paul is the owner of You Learn Forex and has been a Forex trader, teacher, and researcher since 2005. He has published 4 eBooks on RSI and trading Forex. He also developed the RSI Paint Indicator alongside programmer/trader, David Moser.

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