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Free Daily Price Action Forex Trading Strategies & System From Asia Forex Mentor
Forexgreenland - Forex forum,Forex training, Forex signals, Forex managed accounts :: Your first category :: Forex Technical Analysis & Strategies Forum
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Free Daily Price Action Forex Trading Strategies & System From Asia Forex Mentor
Forex Trading Strategies & System 2nd Chance
[You must be registered and logged in to see this image.]
In Forex trading, price always gives us a 2nd chance to place our trades before it takes off.
It can be considered as a 2nd chance or you can consider it as a confirmation bar.
In the chart above, Aud Usd.
We can see the first highlighted blue box showing a pin bar.
As this was not the nicest pin bar of all. We did not take it.
Or if just to say we missed this pin bar for some reasons. Either by choice or we were not at the chart when it happened.
As mentioned, price always gives us a 2nd chance or a confirmation bar which is the 2nd highlighted blue box showing a pin bar.
Telling us a great hint that the train is sounding its horn and is taking off getting the last few passengers to board the train.
Usually Most of them time, the train will take off after that, heading our direction.
In the chart above, besides the pin bar. There are several reasons (confluence factors) which we had entered on the trade.
1) Overall uptrend movement
2) Pin bar at the price pivot area 0.94900
3) Trend line confluence
4) Double confirming pin bar
Remember the more the confluence. The higher the probability of the trade.
Heres another example:
[You must be registered and logged in to see this image.]
Forex trading Pair: Gbp Aud
I need not explain much on this as its clearly shown in the chart.
1) Double pin bar
2) Price pivot area of 1.63500
3) Swing Low
4) Divergence
There are plenty of examples in regards to this if you look closely at the charts itself.
If you find this post interesting, do comment on it.
Ezekiel Chew
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
In Forex trading, price always gives us a 2nd chance to place our trades before it takes off.
It can be considered as a 2nd chance or you can consider it as a confirmation bar.
In the chart above, Aud Usd.
We can see the first highlighted blue box showing a pin bar.
As this was not the nicest pin bar of all. We did not take it.
Or if just to say we missed this pin bar for some reasons. Either by choice or we were not at the chart when it happened.
As mentioned, price always gives us a 2nd chance or a confirmation bar which is the 2nd highlighted blue box showing a pin bar.
Telling us a great hint that the train is sounding its horn and is taking off getting the last few passengers to board the train.
Usually Most of them time, the train will take off after that, heading our direction.
In the chart above, besides the pin bar. There are several reasons (confluence factors) which we had entered on the trade.
1) Overall uptrend movement
2) Pin bar at the price pivot area 0.94900
3) Trend line confluence
4) Double confirming pin bar
Remember the more the confluence. The higher the probability of the trade.
Heres another example:
[You must be registered and logged in to see this image.]
Forex trading Pair: Gbp Aud
I need not explain much on this as its clearly shown in the chart.
1) Double pin bar
2) Price pivot area of 1.63500
3) Swing Low
4) Divergence
There are plenty of examples in regards to this if you look closely at the charts itself.
If you find this post interesting, do comment on it.
Ezekiel Chew
[You must be registered and logged in to see this link.]
asiaforexmentor-
Number of posts : 72
Location : Singapore
Reputation : 1
Points : 216
Registration date : 2011-04-01
Similar topics
» Free Daily Price Action Forex Trading Strategies & System From Asia Forex Mentor
» Free Daily Price Action Forex Trading Strategies & System From Asia Forex Mentor
» Update :Daily Price Action Forex Trading Strategies & System
» Free Daily Price Action Forex Trading Strategies & System From Asia Forex Mentor
» Free Daily Price Action Forex Trading Strategies & System
» Free Daily Price Action Forex Trading Strategies & System From Asia Forex Mentor
» Update :Daily Price Action Forex Trading Strategies & System
» Free Daily Price Action Forex Trading Strategies & System From Asia Forex Mentor
» Free Daily Price Action Forex Trading Strategies & System
Forexgreenland - Forex forum,Forex training, Forex signals, Forex managed accounts :: Your first category :: Forex Technical Analysis & Strategies Forum
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