Given the number of traders who suffered losses in the market, if it appears a fair statement "If you want to trade, then the best way to do this is to understand price movements". Very clear statement that connects to a dynamic trading very simple and modest stretegies through the forex trading price action trading methods. Price action trading is a method that is used to view and analyze price movements and volatility by using the momentum created in the market. The goal is very simple, which is to read the direction of the market and identify market trends with ease.
Well, in analyzing price action trading methods trading models, we can see it from the candle pattern that has happened to predict and forecast the direction of future prices with several indicators such as the level of support or the support and resistance price points where the creation of overbought oversold area.
Price action trading methods and advantages
Method of price action itself is classified into several versions, such as the pin bar, inside bar and a fake/false.
Pin bar setup
- Bar pin bar setup is formed formation of price movements shown in the chart (bullish or bearish). Formation that created the bar pin can be an indicator of information or patterns to predict and estimate the direction of the trend is very accurate,
- Keep in mind a pin bar that shows the movement of the perfect trend is a pin bar that has characteristic features,
- More prominent than the other bar pin,
- Seen as the opening or closing of the previous bar pin,
- Candle line 3 times longer than its axis,
- And must be longer than the other bar pin,
- Note the picture below where the characteristics of the pin bar that shows the formation of a complete obvious. To false signals and inside bar can follow this blog and will be discussed in the following article of his in Forex Trading Strategies.
Disclaimer:
Please be more concern if you invest in online forex trading, because in the blink of an investment you can not give any results, understand the risk of any transaction that you run. We here analyzed according to our ability and we are not to blame if the prediction or analysis that we submit inappropriate and contrary to the market that makes you suffer losses.
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