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  • Candlestick 8:00 pm on August 16, 2015 Permalink | Reply
    Tags: price action, profitable strategy   

    Why no enter at the beginning of the week ? 


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    Why no enter at the beginning of the week ?

     

    Reader’s message
    ——————

    Candlestick Trading 30 minute Strategy Video

    Hello Long,

    I like this video.

    So, if I understand, if we have 3 bullish weekly bars, we go short.

    If we have 3 bearish weekly bars, we go long, until the closure of the week.

    Is this still profitable ?

    But I don’t understand on the 30 minute chart the entry.

    Why no enter at the beginning of the week ?

    Thank you !

    ——————

    Yes, Profitable.

    Because 30 minute price action is part of daily chart.

    Price action size range narrow.
    30 minute price action, daily price action, weekly price action, each time frame same price action appear.

    But short time frame is few profit and waste time.

    So No entry.

    Which Currency are best performance in this Strategy

    Why no enter at the beginning of the week ?Why no enter at the beginning of the week ?

     

     
  • Candlestick 8:00 pm on August 8, 2015 Permalink | Reply
    Tags: , price action, source code   

    What is price action Candlestick Trading Source Code? 


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    What is price action Candlestick Trading Source Code?

    Reader’s message
    ——————
    Sir,

    You say ( if any one trade usd jpy then must be follow or look at binary source price )

    Sir please explain it.

    Thanks.

    ——————

    Yes we need source code.

    What is source code?

    Source Code is 4 prices

    Video here.

     

    Analytical process of price Action Trading

    Price action trading is based on the price movement of the market.

    Other than using the indicators that works on the basis of price movement, price action traders use actual price variations for the trading

    A price action trader’s analysis may start with classical technical analysis patterns, which are broken down further.

    These are supplemented with extra bar-by-bar analysis, sometimes including volume.

    This observed price action gives the trader clues about the current and likely future behavior of other market participants.

    The trader can explain why a particular pattern is predictive, in terms of buyers, sellers, the crowd mentality of other traders, change in volume and other factors.

    A good knowledge of the market’s make-up is required to do that.

    The resulting picture that a trader builds up will not only seek to predict market direction, but also speed of movement, duration and intensity.

    All of these are based on the trader’s assessment and prediction of the actions and reactions of other market participants.

    Price action patterns occur with every bar and the trader watches for multiple patterns to coincide
    They can occur in a particular order, creating a setup which results in a signal to buy or sell.

    Individual traders can have widely varying preferences for the type of setup that they concentrate on in their trading.

    One published price action trader is capable of giving a name and a rational explanation for the observed market movement for every single bar on a bar chart.

    The regular publishing charts with descriptions and explanations covering 50 or 100 bars. A price action trader can freely admit that his explanations may be wrong.

    However, the explanations serve a purpose, allowing the trader to build a mental scenario around the current ‘price action’ as it unfolds.

    For experienced traders, this is often attributed as the reason for their profitable trading.

    https://youtu.be/h8OKlY0nXZQ

    When do you think its the best time for me to Trade

    What is price action Candlestick Trading Source Code?What is price action Candlestick Trading Source Code?

     

     
  • Candlestick 1:11 am on July 6, 2015 Permalink | Reply
    Tags: downside, price action   

    Window open gaps force downside price action 


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    Window open gaps force downside price action

     

    Reader’s message
    ——————

    I think that it’s too unstable to trade now

    Sent from my iPhone

    ——————

    No problem

    Don’t be afraid

    Just sell

    window open gaps force downside price action
    break #1 candlestick then price go down

     

    Because

    #2 window open gaps force downside price action

     

    Price action trading tips

    Price action trading is one of the favorite trading options for the regular traders.
    Price action trading deals with the price movement of the market and indicates through past prices trends.
    Since the disappearance of most pit-based financial exchanges, the financial markets have become anonymous.
    This means the buyers do not meet sellers.
    Thus the feasibility of verifying any proposed explanation for the other market participants’ actions during the occurrence of
    a particular price action pattern is tiny.
    Also, price action analysis can be subject to survivorship bias for failed traders who do not gain visibility.
    The implementation of price action analysis is difficult and requires the gaining of experience under live market conditions.
    There is every reason to assume that the percentage of price action speculators who fail, give up or lose their trading capital will be similar to
    the percentage failure rate across all.
    Some experts dismiss the financial success of individuals using technical analysis such as price action.
    One of the first pillars of technical analysis is focusing on the trend.
    The trends can predict many important things about the market.
    The price action trader will use setups to determine entries and exits for positions.
    Each setup has its optimal entry point.
    Some traders also use price action signals to exit, simply entering at one setup and then exiting the whole position on the appearance of a negative setup.
    Alternatively, the trader might simply exit instead at a profit target of a specific cash amount or at a predetermined level of loss.
    This style of exit is often based on the previous support and resistance levels of the chart.
    A more experienced trader will have their own well-defined entry and exit criteria, built from experience.
    The more traders know from the market, the more they can use this information to make the right trading move.
    There should be several favorable bars, patterns, formations and setups in combination, along with a clear absence of opposing signals.

    https://youtu.be/Gn6THOaqelw

    True way to read candlestick trading basic

     
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