Intraday Price Imbalance trading strategy


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Intraday Price Imbalance trading strategy

 

reader’s message
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Hi Long thanks for reply ive never heard anyone teach candlesticks like you its just beyond me.
but could you explain in a little more detail on the closing and opening of the candlesticks.

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As price action traders, we are always looking at our levels.
While there are many levels we’re all very well acquainted with,
Intraday Price Imbalance trading strategy,

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Trend channel lines are lines which are drawn in a way that they form a channel.

The lines are drawn along the candlesticks but they are spaced by a certain distance.
The channel lines can be drawn using different methods like from the opening of a certain candlestick to the closing of another
candlestick or using any other criteria as the trader would wish to.
Mainly, the trend channel lines are used to identify a region of action.
By a region of action it means a time when something should take place. For example,
the trader may set the top channel line to be a signal for placing an order while the lower channel line can be for closing the order
either by a stop loss or a take profit.
The use of the trend channel lines will however, depend on the understanding of the type(s) of the formed candlesticks since different
candlesticks shows different market behaviour

https://youtu.be/DkD0e9sv2dU

Price action method and repetition of market