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Last kiss forex strategy
Автор: Mijas | Рубрика: Forex income taxes | Октябрь 2, 2012If you have been trading for some time, you have probably seen enough of the markets to know that there are two basic moods of the market, and these moods will be seen in any market in the world. There is the calm, drifting, directionless, choppy market as is evident in Figure 5. At times, the market will also exhibit strong, powerful explosions characteristic of the trending market as can be seen in Figure 5.
The market is always in one of these two moods. Figure 5. Notice price movement is choppy, and directionless and does not seem to go anywhere. Skip to main content. Start your free trial. Is it possible to determine when the market ends the directionless phase and begins the strong trending phase? The Answer is YES. The first step of the last kiss trade is to identify the consolidation zone. One way to visualize a consolidation zone is to draw a box on the chart.
This box will contain the choppy movements of the directionless market. The box should encompass the market movement during the choppy drifting market phase. Once the market breaks out beyond a zone, a trade is triggered. No comments:. Newer Post Older Post Home.

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Last kiss forex strategy | The main pitfall is that by waiting for a pullback to the breakout area we may miss trades. How far the breakout must travel is also somewhat subjective, and depends on factors such as how big the range is, the time frame and how much confirmation you want. This idea also correlates with 50day EMA. Figure 2 shows the type of move outside the range we are looking for. Featured Post. With binary options choose an expiry of at least a few bars whatever time you are trading on to allow the price time to move back out of the breakout area, and into the money. For example if the range is pips wide, your stop is placed about 25 pips from the breakout point. |
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Last kiss forex strategy | Range 2. Risk Reward 3. You now understand how to find zones on the chart, and you are ready to learn about catalysts. Broken trendline Emas crossed Retesting the area Just entered on this one, had a previous Sell limit on 1. Catalysts are powerful price patterns. Strong support from buyers in this area could push prices up again. |
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