FOREX 400pips EURUSD trade harami inside harami
A = harami
Next bar close sell entry.
After price go down.
why this harami so effective?
B candlestick harami C to D all Candlesticks.
harami inside harami = trend change.
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Human time frame candlestick price action trade
Price action traders
Price action trading is a very talked about term in the trading market.
In simple terms, price action is a trading technique that allows a trader to read the market and make trading decisions based on the actual price movement on the chart.
Rather than relying on lagging indicators, they just read the price movement.
Most indicators are derived from the actual prices on the chart, so they are in fact, giving them information on past price movements.
Price action traders keep things simple, which can also be an effective methodology when it comes to trading.
Price action traders are a form of technical trader who relies on technical analysis.
They do not rely on conventional indicators to point them in the direction of a trade.
These traders rely on a combination of price movement, chart patterns, volume and other raw market data to gouge whether or not they should make a trade.
This is seen as a simplistic and minimalist approach to trading but is not by any means easier than any other trading methodology.
It requires a sound background in understanding how markets work and the core principles within a market.
But the good thing about this type of methodology is, it will work in virtually any market (stocks, foreign exchange, futures, gold, oil, etc.).
The purest form of price action trader is a tape reader.
Good tape readers don’t need charts, although some may glance at a chart occasionally.
Especially if they’re in a position – they may be looking for support or resistance areas to take profits.
However, it is rare to find a tape reader using any indicators or oscillators.
Their primary tools will be the Time & Sales window and perhaps their Depth of Market if they can multi-task.
Nothing else is needed.
Trades are taken on the basis of order flow, so that in essence they are trading pure price action.