Why do I trade it?
When it comes to Forex candlestick patterns, the pin bar is by far my favorite.
It’s easy to spot when you have your chart setup to trade Forex price action
It provides a favorable place to hide your stop loss
The pin bar can be extremely profitable when correctly utilized
They are effective on both the daily and 4-hour time frames
Now that you have a firm grasp on the characteristics to look for let’s get into a couple of examples.
The first is a bullish pin bar that occurred on the NZDJPY daily chart.
Notice how after an extended move lower, the NZDJPY found support and subsequently formed a bullish pin bar.
This pattern triggered a sharp move higher back to previous swing lows, which acted as resistance.
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the ebook covers my price action trading strategies that i use to trade the market.the strategies are easy, simple and very profitable. to get your copy , click on the link in bio or send me a private message.
2 5330 minutes ago
Epitome of fuckery • BE due to short by less than a pip🔪$EURUSD
are a tax placed on imported goods to benefit domestic companies by making their product more affordable than a foreign alternative.
However, to offset price hikes, an affected manufacturer might lay off employees or sell its products at a higher cost.
The US/China tariffs are being used as tools by both governments to change the dynamics of trades between both countries.
3 1332 minutes ago
GBPCAD cypher pattern completion. If you took targets at all Fibs you would have done quite well!! 🐻
2 732 minutes ago
Market Fluidity is one of the most simple technical analysis webinar you can attend. I'm not even joking. I have seen Raja Banks work really hard on this. Everything that we have learnt about candles, market timings, entries, exits, breaks and retest, over the last 4 to 5 months, is compiled in this webinar. If you cannot join, dont worry, you can join at another date aswell.
60266 - Rakeel was not taking it seriously as it was a side account, but since IcMarkets shut down in Canada, Rakeel had to step aside and Raja Banks came in and took hold of the account from August and you can see the kind of numbers Raja has done becuase he is a good mentor and a good trader I guess.
Please ask your mentors about a track record and watch excuses fly. Good or bad, they NEED to have one. Or next week I will start nominating IG mentors to post a track record. Keep in mind, this record is almost a year old now. The simplicity that we look at the market through now, it allowed us to salvage this leaderboard account. Anyone who joins, you are in good hands.
There will be a lot of guest speakers as well in the webinar who will share their experiences their backgrounds and what is helping them be profitable, so fucking excited for October 21st !
#forexfamily#forextrading#forex#trader#charts#analysis#stocks#options#workshop#toronto#trader #416 #905 #mississauga#pips#cash#profits#fx#markets#sell#buy#nyse#london#brampton#fxsimplifier
The chart shows 10-minute bars in the ES futures market.
The trading session started with nice long swings.
Towards midday, the market started to congest with small candle bodies. It was unwise to look for trading setups here.
After a clear break-out like this bullish thrust, we could look to buy again.
The market continued to drift upwards without further congestion.
The example above shows a typical intraday volatility pattern. The volatility pattern might differ among markets.
The best way to grasp the volatility pattern is to measure the average range of an hourly (or half-hourly) price bar.
For forex traders, there are several free tools online that calculates the hourly range of different currency pairs.
The clear-headed price action trader can also recognise congestion price patterns as they form.
Congestion patterns occur when the market fails to close higher (lower) for at least three consecutive price bars.
Once you find that the market is in a congestion phase, stop trading.
Great example of an inside bar setup. Once the inside candle (highlighted) formed next to the larger candle to it's left, I waited for price to shoot above the main, larger candle for confirmation to enter. Entered at 68.74, exited at 68.94... $200 for just a few minutes of work gotta love it 👌🏿💰
#trading#trader#forex#forexmarket#technicalanalysis#pips#daytrading#swingtrading#passion#dedication#giveitall • Gooodday y all guys I m sharing the last trades taken , GJ intraday trade closed a bit early and spread the two positions with different pips EURCHF hit sl but I can’t complain I ve respected my plan this pair is making some shitty moves🤷🏽♂️ and last WTi / oil closed manually at 20$ and plus moves and just now I m eating my hands for haven’t left a runner on GJ f**ck crazy pair🔥 stop for today let’s see if something present itself for tomorrow to closed solid the week 👨🏽💻💯•
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