FX Live Trading & Learning Program 20 Jun 2012
In this live preview session, Dr Foo reconciled his theoretical ideas of price action trading (i.e. chart patterns and plot lines) with live charts. He reiterated the importance of identifying trends, support and resistance levels on a higher time frame and looking for entries and exits on a lower time frame before executing trades on the desired time frame. Risk and money management issues were also discussed extensively as capital preservation is as, if not more important than profitable trades.