EURGBP candlestick sell force + lost direction

EURGBP candlestick sell force + lost direction

EURGBP go down

EURGBP candlestick sell force + lost direction

1 sell force

2 lost direction

after price go down

 

 

video click here

https://youtu.be/3b–_5O-8ow


Price Action Trading- Trapped traders

Price Action Trading is the discipline of making all of your trading decisions from a naked price chart.
This means no lagging indicators outside of a couple moving averages to help identify dynamic support and resistance areas and trend.
All financial markets generate data about the movement of the price of a market over varying periods of time and this data is displayed on price charts.
“Trapped traders” is a common price action term in price action trading.
This refers to traders who have entered the market on weak signals, or before signals were triggered, or without waiting for confirmation.
These traders find themselves in losing positions because the market turns against them. Any price action pattern that the traders used for a signal to enter the market is considered ‘failed’ and that failure becomes a signal in itself to price action traders.
This thing is called a failed breakout, failed trend line break, failed reversal.
It is assumed that the trapped traders will be forced to exit the market and if in sufficient numbers, this will cause the market to accelerate away from them.
This provides an opportunity for the more patient traders to benefit from their duress. “Trapped traders” is therefore used to describe traders in a position that will be stopped out if price action hits their stop loss limit.
Since many traders place protective stop orders to exit from positions that go wrong, all the stop orders placed by trapped traders will provide the orders that boost the market in the direction of the more patient traders bet on.
Since 2009, the use of the term “trapped traders” has grown in popularity and is now a generic term used by price actions traders.
This term is applied in different markets – stocks, futures, forex, commodities, etc.

https://youtu.be/PTnFrnnEwuA

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