Forex Blog

After gaining more experience, traders can now move to trade smaller time frames like the one-hour and the two-hour charts.

The strategy with a rather humorous name "Elephant and Pug" is aimed at those who do not have enough time and opportunity to sit at the computer screen every second and monitor market charts, analyzing them in detail.

This tactic is based on the psychology of the market - crowd behavior: so if a large exchange giant or crowd pushes the price to a specific level, then many players are connected to such a process, and thus this method does not lose relevance.

You have to understand that when you are using the trading signals, the trader takes the risk, so you should analyze the market more sparingly