Candlestick Window Gaps Close Trade
There is window between #1 and #2
(window mean price gaps)
current window open
but window close in the future
#1 candlestick high buy
target: #2 candlestick low
This is best trade
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last bar down again and close under #1 low
after price up and break #1 high then buy
target: #2 candlestick low
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here is
candlestick window gaps close trade video
Fibonacci retracement in price action method
Price action method uses the basic trading method of observing price movement.
Before the introduction of indicators, traders use their intuition and price movement to decide their trading moves.
Price action allows the traders to practice the basic techniques of the market to rule it.
It is often seen that the market repeats the previous results in some points.
Price action traders observe the market and note these results to use them when in future the market repeats it.
Fibonacci retracement is often used by price action traders.
In Forex Fibonacci numbers are used to calculate targets and entry points.
The first two numbers in the Fibonacci sequence are 1 and 1, or 0 and 1, depending on the chosen starting point of the sequence.
Retracement is loss of momentum or a correction in trend environment.
It is not a reversal.
These are useful for predicting market continuation.
They use a relationship between numbers that was discovered a few centuries ago to predict the most likely places price is likely to retrace,
and then continue its trend.
The price repeats itself in the market and often seen to repeat the results too.
This helps the traders to adjust their investment according to the previous results.
With price action trading, all traders need is a single chart, a simple moving average and a few trend lines.
Anything more than this and you will only make trading more difficult.
Using this type of trading method as your main trading tool will clean up traders’ charts and remove the clutter that normally creates confusion and
indecision for traders.
Basing on trades on price action aids traders in finding reliable reasons to enter a trade, while also giving them clear and precise trading information.
Though there is no holy grail in the market, many price action traders confirm price action as a holy grail.
True way to read Candlestick Trading Basic
