Which Currency are best performance in this Strategy
Thanks for you best response. sir please tell me which currency are best performance in this strategy ( How do work on USDJPY ).
I will waiting your replay.
Any currency works
Power of Price Action Trading – price action trading is a powerful trading option
The main tool of a price action chart is a candle Price action trading is a common term in Forex market
Price action trading is a common term in Forex market.
It is a form of technical analysis and it uses candles on a chart which represents data.
This data shows what the market has been doing for the specified time range.
For example if it is a daily candle then it shows what the market did for that day.
All economic data and global news that effect price in any way will be reflected on the price chart so it eliminates almost any use of following the news.
The main thing that separates price action trading from all other trading strategies is that it uses “clean” or “naked” charts.
There are no indicators or anything confusing on your chart, the only thing that is there is raw price displayed as candles.
This makes trading simpler and easier to read.
There is no 100% assurance when it comes to trading.
No matter what trading method a trader chooses, there is nothing that will give 100% accuracy on every trade.
If price action trading is utilized to its full potential, then it is can serve as close to 100% accuracy in trading.
It will take hard work and a lot of learning to get to that stage but if traders are willing to master price action trading then they will become successful traders.
The main tool of a price action chart is a candle.
A candle is made up of a body, two wicks, a close and an open.
The wicks represent the high and the low for the time of that candle.
The body is the price movement from the opening price.
The body size can differ on candles and depending on whether it moves up or down from its opening price will determine whether it is a bullish or bearish candle.