Best knowledge flow- order price action strategies ever ( Eur/Usd friday analysis)
As a trader , you are a decision maker and a predicter…!!
You predict that the price will move in a certain direction and then take a decision … buy or sell …
You also know that you will largely be wrong up to 50 % …
That means you must secure every trade you make.
In my case I often go in with two positions where position one takes profit at the nearest S / R line minor and trade 2 goes against two major S / R line .
( Varies if you are in range, trend reversal )
of course adding when the position goes in the correct direction.
(active trading is called )
*Trading is all based on probabilities , the main thing is to get an understanding of the rhythm of the market where you are constantly trying to think correct ,
Most of the time you are in a fog…
1 London open 0800 Frankfurt open has already pushed the price opp in two spike .
Will the price continue or will it take a correction down to line 3 or down to the spike that started 0700 ?.
(line 3 gave a wonderful long trade on Thursday watching the bull trying to buy) .
2 . Bull tries but fails a good signal market will go further down, opportunity to short.
3 . Line 3; bull try again but failed ,you will make a small profit breakeven if you handle bull entry correct …
4 Last spasm of bull market before market down to take out frankfurt spike .
Nice short opportunity … ( third attempt push north strong signal prive will go down).
5 . Nice bull reversal candle, study bear trying reversal from line 3 .
6 Much bear- bull fight nice pb down to line 3 give bull entry.
7 Bear win after all is 3 push up ? again handle short entry correct you will go in breakeven small profit.
8 Candle 8 tells all… Road is towards london open level,nice long entry.
9 Small pb before 3740 ? you often get 2 -3 push before the market takes a break.
if you take entry so close to a R-line ,be quick out…
10 Last bull push, here is the correct thinking is important to go from from bull to bear mentality that candle is often called a bull tramp you will se it often…
next candle confirm bear is the winner ,line 3 have already been used .
you will make a small profit if you took a bull entry correct.
11 10 bear candle down time for correction where is closest r -line.nice bull entry …
12 This entry is tricky . Market will often take a push more down , Bull last push a small limit orders under bull candle .
*Bear candle before was confirmation that the market would further down after failed bull push north.
13 The time is around london closed is bull candel 13 a reversal !!
you have more distance to last failed amtempt to go North ,is 3 push down is failed to breakout push 2 !!
- nice bull candle entry or an exhaustion candle to go short !!!
