and sell areas. The indecision candles need to form on or near to the support and resistance area. How do you analyse whos in control of price? Lets break down the story of price.
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All price movement in Forex comes from bulls (buyers) and bears (sellers). It does not matter if you are profitable or not, but you should already have some type of setups or system algorithmic trading forex that you follow. And if you are already having good results, the program will allow you to take it to the next level. If indecision does not form on or near to the area of support and resistance, it is not a valid reversal setup. Our Three Pillar Approach, there are three main pillars in our mastermind to make sure that you get the best possible experience and the best learning progress. The opposite applies for a bullish preceding trend which would show bulls (buyers) trending towards resistance, as you see below. We set our entry a few pips below the low of the indecision candle, and our stop loss a few pips above the highest point of the candle. 4 hour 6 hour 8 hour 12 hour Daily Many people do not have access to the 6, 8 and 12 hour time frames because their broker doesnt support. If the candle is strong and covers a lot of price distance, I categorise it as a preceding trend for the purposes of reversal trading. But dont worry, it is easy, all you are doing is placing horizontal lines when you spot an area with two or more bounces.
After you learn the strategy, use the strategy to make the exact same trades we are making by enrolling in our Trade Alerts. Our Trade Alerts will provide you with at least three trades per month where you will make 5 10 per trade. Our mastermind does not include any trading strategies or signals. In our mastermind program, we focus exclusively on mindset improvement, trading psychology, personal blockages, self-development, structures and other related non-chart based concepts. Trading Strategy : 3 Ways To Ride the Waves appeared first.