* One of the greatest thing that can happen to a trader is sideways market which can give trade time to prepare and adjust accordingly.
High probability trade probabilities
What we should focus on the high probable moves and by that I means to say probability in setups which are high profile setups or but trends emerging only due to news should be avoided, Whereas to identify this type of moves what we should focused on is that whether the reason of such moves is only due to news or a single factor that influence the currency for long run.
Moves are tend to collapse if there is no strong market maker is interested or look to pause after every break an that is why We should always look for Initiative followed by liquidation break, by means that strong moves after range breakouts specially due to just news.
*
Short term spikes can be reason of News release which can create risk but due to lack of approach or follow through market usually pause after the move but these type of strong release can destroy any trend or create short term reversals but You can never identify the reason and Smart money approach after that Currency Move.
Forex Price Action Success and Failure depends on few factors which have been described in details in this blog and several time, but advantage of moving the market at will can never be ruled out but lining up such moves can be spotted and that is what supply and demand has edge over other failure price Action Candlesticks and Trendline setups
Watchout when such breakouts happens in the market only due news and they are do tend to change direction quickly if the news is not digested for too long or lackluster approach and that is why I pick the currency pair which don't have too much influence of what is happening with currency pairs on global factors and hence strong move was expected and that is what I or We all as Forex traders need to do.
No comments:
Post a Comment