I hereby make this post to let everybody know How price use to trap traders with Spikes that fadeout and When ever price in strong trends fade away It use to get Rejected by Market and Lower prices are not accepted in any case. Price Concept is all about "Advertising Mechanism", And When we really want to trade good throughout then we must understand the simple logic and If spike got fade out quickly, we should immediately leave the market and think of better price if there is any pullback offered after spike. The chart I posted here of Usd/chf in which we have seen that price in very strong trend recently on H4 and Daily chart and On H1 chart which I think is the best way for swing as well as Intraday Traders to set the lowest stops possible, got rejected so many times from the low and When you watch the price closely then You will see that at every low Price founds strong buyers and at this time I will look to see the follow-through and would like to see price try to fade out the Price Action again and Traders got trapped by this behavior and try cover and We will see price got some new buyers and test the new high or even make a new high.
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
Friday, November 21, 2014
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