Wait for Your Entry Signal to Trigger

Forex traders get themselves entering trades ahead because they anticipated that their entry signal might take place. They wanted to enter treading early in the hopes of catching more profits. For bigger opportunity Forex trading, wait until our trading entry alert does occur. This lack of discipline and patience can take several forms : for instance, not waiting for actual entry trading signal take place in the case of using a Forex trading indicator or, not waiting for a break of resistance or support.
Wait for Your Entry Signal to Trigger
Let's learn on the MACD Forex technical indicator.
In this system we only to take entry trading in the direction of the market trend on the daily time frame chart. Do not let the Moving average convergence divergence MACD indicator decide the direction of the market trend for you. The Forex technical trading indicator does not know and understand the direction of the market trend! the Forex trader makes the filter of which direction to be entry trading based on the direction of the daily chart market trend. Once that is completed , then set the Moving average convergence divergence MACD indicator to determine our entry in the direction of the market trend ( daily trend ).

As market price action is below the 200 Simple Moving Average SMA Indicator Forex we know market is in a bearish trend, it is trading lower lows and lower highs and the GBO in the chart above is weaker than the JPY Japanese Yen.

Based on this analysis, we know we want to sell the currency and for entry signal we will use a MACD Moving Average Convergence Divergence indicator crossover on the 4 hour chart. In the black circle , we can see that the MACD Moving Average Convergence Divergence line is traded to crossover the blue signal to the downside. And then we want to wait for Moving Average Convergence Divergence MACD technical forex indicator line to fully crossover the signal line before entering the trade.

For discipline and patience part of Forex trading. Waiting for the crossover signal to arise before entering the trade. There is a bigger opportunity that the trade will work out if we wait for the crossover signal occur.



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