🔹 Get FREE access to the Duomo Trader Development Program: duomotrading.com/FreeDuomoTraining 🔹 Add us on Instagram: instagram.com/duomoinitiative/ 🔹 Our second channel for financial news and analysis: th-cam.com/users/MarketMoversFinancialNewsandAnalysis
Once again you explain things brilliantly, I've heard plenty of back testing and even tried a few time, but I just got lost in the charts. But using it to see where I went wrong with loosing trades just seems so simple.
Great video again! I'm really making progress with the significant levels at the moment, saw some failures and made (fake) money trading the opposite directions, small question though how long do you keep your trades going? Had 1 trade on USD/jpy going 2 days now is that a bit too long ?
Gary Foster sounds logic, and maybe if it shoots straight trough the next significant level keep it for a while? , I am always using a stop loss and take profit so I guess i wil set my tp just before the next significant level.
It all depends on your time horizon and whether you still see potential in a trade. 2 days for an intra-day trade is long, but for a 'big picture' trade using a daily chart, it could be seen as not long enough. That all depends on what you feel comfortable with and your own approach to trading. As a general rule of thumb while you're learning, try to stay in a trade while it's making highs and lows in your direction. Once that is broken, you should exit. Slowly over time you will become more experienced and be able to take a less primitive approach to your exit strategy, but at least this approach will keep you in a trend while it's going.
Nicholas, I have to admit I've had a few drinks at this point. I've been following your video series for several months now. The quality is awesome. I've been quite jealous of the amazing lifestyle you've been able to afford from using the Duomo method to its full potential. I've been scammed from MLM people and at this point I'm super paranoid about people that say they have a technique to analyse the forex markets. How do I overcome the fear. How can I truly know that you are the real deal, I've reached my limit when it comes to people asking me to trust them. I want to believe you hold the key. Is there such a thing as 'The Key'. I feel lost. Sorry If this sounds crazy haha
I appreciate the kind words buddy. As for our approach to trading, there are two ways you can figure it out for yourself. Either ask some other people who have taken the course (leave a comment on a new video when it comes out and I'm sure someone will reply). Alternatively, don't join our course, study all our free content and start trying to apply it - I'm sure you will start seeing things working for you if you really focus on learning the approach. You don't necessarily need to enroll on our course and spend money to start seeing the benefits, the stuff on TH-cam should get you on the right track. Any by the way - we aren't involved in MLM. In fact, I had to find out what that even meant!
Unfortunately I don't know enough about them to really comment. If they are similar to other fintech companies that allow you to take a wealth management approach with low entry fees and capital requirements, then it's a pretty good concept. Just double check the regulation is good.
🔹 Get FREE access to the Duomo Trader Development Program: duomotrading.com/FreeDuomoTraining
🔹 Add us on Instagram: instagram.com/duomoinitiative/
🔹 Our second channel for financial news and analysis: th-cam.com/users/MarketMoversFinancialNewsandAnalysis
Once again you explain things brilliantly, I've heard plenty of back testing and even tried a few time, but I just got lost in the charts. But using it to see where I went wrong with loosing trades just seems so simple.
Thanks, hope you see the benefits with your trading too! Sometimes it really helps for spotting something you would have missed otherwise.
Thanks for the video, I gave it a shot and it actually helps with pattern analysis so much.
Glad it helped buddy!
Providing value 3 years later!
Please keep teaching i do learn from h
Great video again! I'm really making progress with the significant levels at the moment, saw some failures and made (fake) money trading the opposite directions, small question though how long do you keep your trades going? Had 1 trade on USD/jpy going 2 days now is that a bit too long ?
Gary Foster sounds logic, and maybe if it shoots straight trough the next significant level keep it for a while? , I am always using a stop loss and take profit so I guess i wil set my tp just before the next significant level.
It all depends on your time horizon and whether you still see potential in a trade. 2 days for an intra-day trade is long, but for a 'big picture' trade using a daily chart, it could be seen as not long enough. That all depends on what you feel comfortable with and your own approach to trading. As a general rule of thumb while you're learning, try to stay in a trade while it's making highs and lows in your direction. Once that is broken, you should exit. Slowly over time you will become more experienced and be able to take a less primitive approach to your exit strategy, but at least this approach will keep you in a trend while it's going.
Nicholas, I have to admit I've had a few drinks at this point. I've been following your video series for several months now. The quality is awesome. I've been quite jealous of the amazing lifestyle you've been able to afford from using the Duomo method to its full potential. I've been scammed from MLM people and at this point I'm super paranoid about people that say they have a technique to analyse the forex markets. How do I overcome the fear. How can I truly know that you are the real deal, I've reached my limit when it comes to people asking me to trust them. I want to believe you hold the key. Is there such a thing as 'The Key'. I feel lost. Sorry If this sounds crazy haha
I appreciate the kind words buddy. As for our approach to trading, there are two ways you can figure it out for yourself. Either ask some other people who have taken the course (leave a comment on a new video when it comes out and I'm sure someone will reply). Alternatively, don't join our course, study all our free content and start trying to apply it - I'm sure you will start seeing things working for you if you really focus on learning the approach. You don't necessarily need to enroll on our course and spend money to start seeing the benefits, the stuff on TH-cam should get you on the right track.
Any by the way - we aren't involved in MLM. In fact, I had to find out what that even meant!
what do you think about questrade
Unfortunately I don't know enough about them to really comment. If they are similar to other fintech companies that allow you to take a wealth management approach with low entry fees and capital requirements, then it's a pretty good concept. Just double check the regulation is good.
you talking my language; tech analysis 4_life...
Hum,,,,,🤔🤔🤔 and I thought Donny Darko was confusing....😂
Haha give it a go and it won't be so confusing! (Donnie Darko still will be though...)
the joke is funny tho ahha