Very Suitable Strategy
reader’s message
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Hello Long
This strategy would be very suitable for me !
But as you can see on this picture, I see far more loosing trades than winning ones
(red arrows = entry candles, loosing / green arrows = entry candles, winning).
Of course it’s a bad period for EUR/USD with a range.
Any idea to filter entries ?
Or do you go straight to break even when you can ?
Thank your
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Video click here
Very Suitable Strategy
2 Simple Price Action Trading Patterns
Price action trading needs some important patterns to concentrate just like the candlesticks.
Here are 2 trading setups are simple yet very powerful.
If traders learn to trade them with discipline and patience they will have a very potent Forex trading edge.
Pin Bar Setup
The pin bar is a staple of the way for the Forex market.
It has a very high accuracy rate in trending markets and especially when occurring at a confluent level.
Pin bars occurring at important support and resistance levels are generally very accurate setups.
Pin bars can be taken counter trend as well, as long as they are very well defined and protrude significantly from the surrounding price bars,
indicating a strong rejection have occurred.
Inside Bar Setup
The inside bar is a great trend continuation signal, but it can also be used as a turning point signal.
However, the first way to learn how to trade the inside bar strategy is as a continuation signal.
It shows a brief consolidation and then a break out in the dominant trend direction.
Inside bars are best played on daily and weekly charts.
They allow for very small risks and yet very large rewards.
The inside bar strategy combined with a very strongly trending market is one of my favorite price action setups.
