Blog is about Forex Trading for beginners. . Build forex trading strategies and make a living with Forex Trading.supply and demand price action, supply and demand zones, Price Action Techniques & learn to trade like banks and institutions
Thursday, December 07, 2017
Forex Trading :- Euro Sell stops seen around 1.1795
Stop 1.1815
Target 1.1778-65
Forex Trading :- Truth about candlesticks patterns & how to confirm entry & exit
Hi Readers, Traders have tried to trade candlesticks patterns without even cnsidering the fact that what should be right way to trade candlesticks patters. For me, it always tell you who is in control don't guarantee that how long will remain in control.
Like every other mechanical system, candlesticks alone are not reliable. You need to consider the strength of the trend.
Trend is the first way to catch the reaction
First thing to remain in mind while considering the fact we need to look the current trend strength as we should not look for reversals and try and pick bullish or bearish pin bar at the extreme levels. This means when you trade candlesticks chart, you must need to understand the strength comes in while existing trend is in full control. Fakey pattern is my favourite pattern and when it happens at a level within the strength, then it is a high probability trade.
Trading signals for 07-12-2017 Eur/jpy, US dollar
Sell usd/chf Pending sell limit @0.9912
Stop @0.9935
Target 0.9875 (SIGNAL ISSUED @ (8:00 GMT) Trade closed -10 ==================================== Eur/jpy Buy @ 133.55
Stops @ 133.18
Target 133.92 Trade Closed + 28 ====================================
Tuesday, December 05, 2017
Gbp/aud trading analysis & signals issued on 6th december 2017
Trading signals for eur/jpy & gbp/usd
WAIT for gbp/usd signal