The easier a chart is read, the more effective the application of KISS forex strategy. To test it, try asking the help of fellow traders to see your price graph. Ask if the chart is quite easy to understand or just look like a “battlefield”. Also, always remember to “clean up” immediately if you start forgetting to recognize the usefulness of the marked levels on the chart. (This article was written by Galuh for aroundforex.com)
2. Arrange Daily Trading Activity Patterns
Forex trading can be addictive if you are not careful. Watching the chart for hours can keep you obsessed, and ultimately leads to an increase in trading frequency. In fact, instead of helping you capture every opportunity, saturation due to monitor the chart in a long time it can obscure your perception. Once you have a big loss, you will try to stay away from the market and hesitate to re-entry due to trauma.
In order to avoid the hassle of problems due to uncertain trading patterns, it’s best to arrange your daily schedule. Whatever your trading style, be it scalping, day trading , or swing trading, you should set the pattern with careful planning. Trading with unplanned activity patterns, be it for analysis and entry, is just as dangerous as ignoring trading discipline.
Here is one example of a daily schedule, taken from the routine of Dale Woods, a trader at theforexguy.com.