Useful steps to choose before choosing a trading system—-See the facts you need to know before relying on traditional methods – Playstore

Useful steps to choose before choosing a trading system—-See the facts you need to know before relying on traditional methods

How to build a powerful trading system

Forex price action strategies

——Never use failure price action techniques like fibos, trendlines and candles as price never react at those levels randomnly and if you expect trendline to hold the price when it is tested then think about it again because when I have to buy some dollars I wont check if a downtrendline is provide support but rather I would use that trendline to catch stops and always look for initial breakouts failure to catch the buy stop orders and after taking the stops for long trades I will catch sell stop orders just below the retesting candle and when market catch all the stops of sell orders then once again I have the best low price to buy and that is the logic of not using trendlines to predict randomn price movements.

Price action is the only and most effective tool

for trading, not only because it helps a trader to see the higher probabilities areas of trading but also most recent price level is used which can attract lot of orders e.g News can drive the price anywhere but after targets have been met we can see starting and ending points of targets provide strong trading levels and they are much more reliable in any case because that might be the areas where large bulk orders were placed and those who are still looking to enter the market after stop hunts can look to enter at the same levels and hence giving you an area to work with which is very reliable and logic behind is very clear.

We trade fibonacci waves, harmonic patterns in such a way to catch reactions at particular level again and again but common why market take turn at those levels again and again as price reaction at those levels is not random.

We just keep on learning different advanced price action techniques but never use our brains to come out with conclusions that what are the probabilities that a paricular fibo number will hold the price and a down or uptrend line will force rejection.

Shocking truth is these fibos trendlines and candles only tells 10% of the price history but as a matter of fact I never believe that a term trendline ever exists or helps trader to take trading decisions.

But as a matter of fact breakouts. Failed breakouts and approach to certain demand and supply level or retest of a particular are the most reliable and offer strong attribution of trading facts and as a matter fact are more reliable.

Related Posts

Is this market really fundamentally driven ?

I’ve seen market takes turn based on what big players are focusing. Federation and Trump & OPEC, people with big guns turns the market at will. How…

Euro bulls have not finished yet look to add more longs

Hello traders, Its quite a long time since I have updated the blog but recent assignments and training did not allow me to complete all tasks assigned….

How to define PA zones in a flag Forex Trading strategies

Its has quite fascinated to see pound rallies to the target. Now new trade opportunity awaiting and with a very good risk reward. But we need to…

usd bears are looking for massive opportunities to short dollar against Euro

Euro is still in quite consolidate mode but it won’t be for longer periods . We have witness massive shorting opportunities at the release of non-farm payroll…

Forex Trading with Risk Reward & Low risk pullback entries

How to trade Pullback in Forex Trading Forex is all about sighting opportunities & wait till we saw trend resumes and always consider whats happening on bigger…

Us dollar Futures and Federation policy—- A strangulation for traders

Forex strategies ways to find imbalance on a currency chart It has been quite a while since federation has hike the rate in sequences but It has…

Leave a Reply

Your email address will not be published. Required fields are marked *

Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.