This is a feedback from a trader who started reading charts easily after reading my ebook .the ebook will teach you the language of the charts .You will understand what happens and take the best trading decisions
If you are interested check out the link in bio or send me a private message
1 19an hour ago
In contrast, if you buy signals that didn’t make a new low, and are even possibly making new highs instead –
you’re ‘buying high’, and putting yourself at risk of being ‘too late’ in the move and getting destroyed by a counter trend retracement.
The example above gives a good illustration of a bearish trending scenario. Notice how the top two rejection candle sell signals created new swing highs – giving you “the price action trader“, the opportunity to ‘sell high’. It maximizes your chances of catching a nice reversal move.
Further down the line another reversal candle developed, after the main sell off had occurred.
The signal was creating lows, communicating that you’re ‘buying low’ in a downtrend. You’re ‘out of position’ here,and it’s not a good place to position yourself into a trend.
If you want to learn how to trade the market the right way, i highly recommend you purchase your copy of the candlestick trading bible while it is still available.the ebook is 168 pages, and it 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.
GBP/AUD Short closed on Sept 21 2018 for +8.5%. Some bearish news came in to help push this pair down. Was eyeing 10%, but decided to manually close position rather than hold throughout the weekend. This pair could easily go down to 1.76, so will be looking to re-enter.
The concept of trading the Power Candle is simple enough: we are looking for the aggressive momentum that caused the Power Candle in the first place to continue on into the next trading session or two. This is basically momentum trading and we are using it to catch the ‘overflow’ or ‘continuation’ of the move into the next session.
One way to do this is to use ‘stop orders’ above the power candle high or low to automatically trigger you into the breakout.
You don’t want to have to sit there and stare at the screen for hours waiting for a breakout to occur; use stop orders to automatically enter the trade.
If you want to learn how to trade the market the right way, i highly recommend you purchase your copy of the candlestick trading bible while it is still available.the ebook is 168 pages, and it covers my price action trading strategies thati 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.
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NZD/JPY Short closed on Sept 7 2018. Nice trade that could’ve squeezed out a couple more points, but decided to take profit before rate announcement. Still managed to pull out +10.67%. Although original target was for 13%, which would’ve been hit had I stayed in.
The money is in the management !