Strategy Trading With Price Action: Pin Bar, Fakey and Inside Bar

Strategy Trading With Price Action: Pin Bar, Fakey and Inside Bar. This strategy is simple but very powerful, and if applied with patience and discipline can be a strong reference in trading. Price action, there are many versions and variations, but this time we are only going to focus on three core formation, namely the pin bar, fakey (false / fake) and the inside bar.

(Note: the question 'bar' here is a whole unit on a candle stick, so the body plus tail.)

Read also:

• Extreme Day Trading | Forex Trading Strategy Using Price Action
• System Trading - Scalping/Intraday/Longterm
• Trading Forex System With Indicator Moving Average (MA)

Pin bar:

In a strong trend of price movements (either an uptrend or downtrend) pin bar formation can be very accurate, especially the pin bar that formed on levels of support or resistance are significant. Characteristics of the pin bar formation is the presence of a bar that 'stand out' out among the other bars that press, which indicates rejection of the trend. The picture below is the form of a bearish candle and bearish pin bar pin bar, and an example of a bullish pin bar that formed in an uptrend price movement, beginning with the formation of two bullish pin bar at the end of a downtrend. To market downtrend same analysis, only the pin bar that formed was bearish pin bar. Highly recommended to use this strategy only on the daily chart time frame.

Fakey (false):

Formation bar fakey (false) indicates rejection at a level that is considered significant. As if the price moves to follow the trend that is happening, but then reversed course. Often after fakey formations formed, prices rebounded strongly. Formation fakey bar for uptrend as shown in the figure below. Its main characteristic is composed of inside bar, followed by a bar false break formed and closed at the level of the range inside the bar. Entry point is the next bar when moving beyond the highest level inside the bar (or the lowest level for fakey downtrend / bearish). In the picture below looks formation bar fakey uptrend. Before the fakey price is moving up, then down, and after the rejection of the formation fakey, the price back up.

                

Inside the bar:

Formation inside bar indicates a trend continuation, although sometimes it could also indicate a reversal. But an easy way for application in trading is the trend continuation. In the picture below looks formations inside the bar, where a small candlestick as a whole are in a large range of candle beside him. Inside the bar shows the consolidation of the market brief, before finally breakout in the direction of the trend is dominant. As in the picture it appears that prior to the breakout of the support level (red line) has been penetrated, and then going on a brief consolidation before sliding down firmly.

This strategy is very nice applied on the daily and weekly chart, the setup: a small risk and big rewards.

As shown in the third example above, the analysis in forex trading should not be complex and complicated to use various indicators on the trading chart that seem confusing. If the price action setup has been studied as a whole, we will be more confident in trading, however, takes patience, dedication and discipline to really understand it.

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Extreme Day Trading | Forex Trading Strategy Using Price Action

Extreme Day Trading | Forex Trading Strategy Using Price Action. My Forex Exchanging System rotates around the standards of Price Action examination. This page clarifies my Forex method in more detail, so you can comprehend it and exchange it effectively as well. 

Keeping Your Exchanging Basic

The key guideline of my Price Action Technique is to keep things straightforward. I am against over confusing exchanging. As I would see it, the less complex your system is, the more powerful you will be. 

With my Price Action exchanging system I plan to keep my outlines as clean as would be prudent. Actually, the main thing I place on my Candle stand graphs are a couple of Help and Safety lines. My technique is based around perusing and comprehension cost by perusing Sconces and utilizing Backing and Safety lines. This implies my system is extremely easy to utilize and generally stretch free. Here's a picture demonstrating to you my EUR/USD 1hr outline. 

I find that this is the best Forex method as the outline is clear and straightforward and there is practically no commotion diverting you from the cost. This is one of the profits of utilizing a Forex framework like this.

Some exchanging methods are an outright chaos of markers. This is not best Forex technique as it is excessively confused and befuddling.

Why would you need to exchange like this?

Markers Needed for this Exchanging Method

So to exchange my Forex Exchanging Method I utilize no markers.

I for the most part dislike utilizing Forex markers, as I discover the information useless, as they slack current cost. In the event that you need to be in the minute and take exchanges focused around what's occurring at this moment then you need to build exchanges with respect to current Value Activity. 

Which Cash Sets would you be able to Exchange Effectively utilizing Forex Price Action? 

My Forex Exchanging Procedure will take a shot at any money pair, which is free gliding and routinely exchanged. 

This is on account of my technique is focused around Price Action. This implies you can utilize this exchanging procedure to effectively exchange any cash pair you discover on your Forex exchanging stage. 

That being said, I for one like to focus on simply a couple of coin sets at any one time. I discover it excessively diverting to attempt and stay informed concerning an excess of sets immediately. 

I mostly exchange the EUR/USD, USD/Miscreant and AUD/USD. I for the most part exchange these coin matches as they are the most unsurprising and their development is smoother. You don't discover arbitrary hops unless there's been some profoundly surprising news, which is really uncommon. 

On the off chance that you like to exchange a specific Forex session, for example, the London, New York and Asian session then pick the fundamental coin combines that are dynamic at those times. 

Price Action Trading Works Better on Longer Time Frames

Since this Forex Exchanging Framework is focused around Value Activity you can exchange at whatever time outline from one hour or more. 

I chiefly focus on the one hour, four hour and day by day diagrams. These are reliably the most beneficial, as the examples are less demanding to spot and lead to more reliable benefits. 

Sorts of Price Action Examination 

Fundamentally, I utilize two manifestations Price Action Analysis:

• Support and Resistance lines.
• Candlestick analysis.

The most effective method to Enter Exchanges utilizing My Forex Exchanging System

Because of the late financial vulnerability and nations losing their credit scores and so on, monetary standards aren't exchanging as they typically would. This has prompted me to exchange inversions solely. 

I search for solid inversion setups shaping on top of my Backing and Safety zones. When an example structures, that shows an inversion, I set up a trigger value and enter the exchange. I take a few exchanges every week and normal at any rate a 80% win rate. 

Exchanging Methodology Targets and Stops 

Targets: I go for about 30 – 50 pips for every exchange. 

Stops: I place my stop misfortune 15 – 30 pips far from section. 

These targets and stops contrast amid distinctive economic situations so please check the base of the Taking Exchanges segment for the most up and coming data. 

The most effective method to Change the Exchanging Methodology Around News Discharges 

I utilize the Forex Timetable from Forexfactory to stay informed regarding Monetary information, which is because of be discharged on the sets I exchange. 

In the event that there's any high effect (red/orange) news because of be discharged for the American Dollar, the Euro, the Canadian Dollar, or the Australian Dollar, then I stay out of the Forex Market. I would prefer not to enter an exchange 30 minutes going before the news, or after the news. 

As should be obvious, my Forex Exchanging Method is clear and will permit you to make pips in any economic situations, with practically any Forex money pair.

The Most Important Signals In Trading.

Focusing on price action changes everything!

Price Action!

Nothing could be simpler. No need for all the cluttered charts. No need for clunky cumbersome technical indicators that don’t even give you current market conditions.

Stop using those charts cluttered with indicators. They are not helping you. They’re cluttering up your

decision-making. You don’t need them to be successful. So why would you want to use them?

The successful trader trades using only proven, time-tested trading techniques. You should too.

Why would you not use the strategies that have been shown by professionals to be successful?

That just makes no sense at all.

Learn How To Conquer The Market By Trading Like The Pros.

With this system your trades will improve overnight. What’s more, you’ll also stop stressing out about indicators and charts!

What could be more effective? A simple system that lets you see what the market is doing and, more

importantly, where it is headed has it hands down over indecipherable charts that take forever to make and longer still to read!

Many traders have used these same core strategies and were surprised by how simple it was. Make that pleasantly surprised, for their trades improved right away!

Check out this amazing video system right now

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System Trading - Scalping/Intraday/Longterm

System Trading - Scalping/Intraday/Longterm. Trading systems are divided into 3 types, among others:

Scalping

Scalping is sometimes slightly different between traders 1 with the others, there's that defines scalping is short-term trading, which is close in less than x minutes. Nothing defines scalping is a trading profit pips take some pips only, with a large lot.

But in General, scalping is a combination between the two. Usually does to achieve pips are small, it takes time which is not too long (because quite a few motion)

If your broker prohibits scalping, we recommend that you check the agreement/ask your broker to find out the definition of scalping, according to them.

Intraday

Intraday trades are usually opened and closed on the same day, e.g. in the open at 12 PM GMT, and close at 10 pm.

I need to know and be reminded, quite rare GBPUSD penetrate range 300 pips in 1 day, let alone in 2 hours.

Long Term

Long term trade is trade, which usually have a long term. For example, trade opened on February 1, 2010, was closed on February 10, 2010.

There is no definition of the limits of time how many days/weeks/months. Typically if more than 1-2 days then commonly referred to as long term

Usually this long-term used to capture the movement of a huge trend due to the pips that are strong; As shown below:

It should be noted, that the position of the stay can be worn/got a swap.

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Trading Forex System With Indicator Moving Average (MA)

Trading Forex System With Indicator Moving Average (MA). The Moving Average or usual abbreviated with MA, widely used by most forex traders to determine trends. Before the trader put up a variety of indicators in metatrader forex trading application or, generally beginning and the beginning of the indicator is mounted MA. Arguably:) as a condition

How do I calculate the MA indicator? MA is calculated based on the average value of the movement of the pair. The mean values can be taken from the highest, the lowest prices, closing or opening, the median (middle). Now this requirement arguably MA indicator in an online trading application. You do not need to be hard-hard to compute, you install only (not Good).

Understand the meaning of indicators MA, relative is very easy:

• If current prices were below the line MA, then the trend is down.
• If current prices are above the line MA, then the trend is rising.

Let's look at the picture below:

Above is an example of where trends are going up/bullish, the easy way to read it is located above the candle chart MA. The value of SMA 10 means a simple moving average with the period 10, calculated from the mean value of the previous 10.

In reality no one is perfect as an indicator, sometimes there were ripples moving candle upwards/downwards trend line (against). It's what most traders will react too quickly as a sign there will be a change in the trend, but again if this was bound to happen changes? In situations where there is a fundamental antecedent news being released, it's possible that the candle will move against the trend.

See example picture below. MA trending down.

In such a situation, should we want to struggled a little:), just look at the news just now there is news that is released, see the news weighs, how the potential of such news will change the direction of the trend?

Well let's wait awhile and see developments.

It turns out the price back down, so the reaction above is just temporary because there is news that affects movement.

A little trick for the analysis and the above conditions are, by combining a few MA at once. That is such a commonly used by traders is, use the faster MA and slower MA. has a faster MA period < Slower MA. In accordance with the language Faster MA (smaller period) will react faster than slower MA.

And to get the predictions of a more perfect trend direction. Then:

• Trending Ride: the line Faster MA Slower lines above MA
• Trending Down: the line Faster MA Slower lines under MA

See for example the incorporation of 2 MA on the trend rising.

The blue line is faster and the time trend, MA ride is always above the orange berwarnan line (Slower MA).

By combining the 2 MA, this hope can be calm in facing the trader in case of movement of ripples candle.

Viewed from the characteristics of the MA indicator formula, then these indicators categorized dalamLagging indicators (Indicator is late), why? Yes, because it is calculated based on the values that have arisen or occurred. So lagging indicators can help us determine trends, yet still inadequate for use as a mark to open a position.

Types of Indicators MA, there are 2 types of MA, who is often used:

1. SMA: Simple Moving Average
2. EMA: Exponential Moving Average

The difference on the EMA, which is by pembobot on each value. Where is getting to the right the larger (exponential). The effect that occurs is the line that is formed will react faster/responsive to price changes.

For more details see the image below, a comparison of SMA and EMA lines with same period 30.

So, if you put together two types of MA (SMA, EMA) with the same period, so in this case EMA 30 = Faster MA and SMA 30 = Slower MA.

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How To Learn Forex Scalping Strategies

How To Learn Forex Scalping Strategies. In this article, I will share about the pros and cons of trading system in the style of scalping in forex trading. In this article, we will only discuss in general terms about the scalping strategy. This potentially trading system will help the trader to make a quick profit on the forex market.

One thing that a Forex trader must know that scalping strategy is a strategy often used by some traders.

"Scalping strategy is a method of trading on Forex trading used by traders to enter and exit from the market in a very short time or period and only aims to get small pips."

If we are only able to guess only the rate of price movements, with a question that often comes up "If the current price is in a bullish or bearish trend?" aka can be said that the question of potentially large will bring results that are not good.

A lot of professional forex traders use scalping trading system to profit big enough. But many traders also use scalping trading system to profit quickly, because this is only trading system requires short periods of time.

Traders who use scalping trading system called scalpers.

Usually there are some forex traders require quite a long time to do that one time, no trade in the forex market, but the scalpers just simply take a few minutes or even a few seconds when making a transaction.

Scalpers open a trading position in one day. The trading system is quite useful for forex traders who do not have as much time as they would quickly close a trading position in a matter of minutes away.

Many forex traders say this strategy generally used by professional traders in Forex trading.

Let's say, the target point of the scalping strategy is only about 5-10 pips per trade. Even the scalpers are only aimed at getting a very small point.

Basically this trading system is a highly profitable method, where the use of money management and capital discipline is essential in the scalping strategy. Usually the scalping strategy using the lot size that is large enough.

Use scalping strategy should only be used in the morning and evening when the market is in a situation of sideways.

A trader type scalper requires concentration high enough to make the decision to make quick profits in the forex market. So this strategy can not be done during peak hours.

Excess Scalping strategy

• Only use a little bit of time and can be done in just minutes.
• Do not worry too much to hold the position open for too long.
• Small point will Get easier.

Weakness of the Scalping strategy

• Potentially stressful because they use a lot of
• It is not easy to do in order to open the position continuously and consistently.

Conclusion:

• Flexible and speed is a major factor to perform the scalping strategy.
• Make sure you are able to concentrate calmly without any interference from the surrounding environment.
• Make sure you have a good internet connection because you have to trade quickly.
• If you are a novice trader, you have to practice and try this strategy on a demo account first.
• Have good money management system for this strategy.

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Trading Strategies With Triangle Pattern

Trading Strategies With Triangle Pattern. Symmetrical triangle formation is a graph of where there is a slope of the highest price lowest price and slope together converged at a point where it would seem sort of triangle. Where this occurs during the formation of triangles of a trend, that the market is making a Lower high and higher low. This means it can be said that neither the buyer nor the seller will push the market price movement is getting far enough to make a very clear trend. If this is a battle where between buyer and seller, then this will be a battle without winners, alias series. Is this type of consolidation. 

In the image above we can see that both the buyer and seller can push prices toward them. When this happens, we get a lower high and higher low. When the pointy, it means that a breakout is getting closer. We don't know where prices will run, but we know that the market soon will breakout. Finally, one side of the market is going to give up, So how can we take advantage of this? With just a simple answer. We can order above or below the slope with a buy stop or sell stop. Because we already know that the price will breakout, we could hitch a ride wherever prices will move.

In this example, If we place the order entry above the slope. Then you have placed the sell order with pending under the slope then we can shut it down. Ascending Triangle Ascending triangle is the formation of a movement when there is a level of resistance and the lower slope. If there is a certain level where the buyer can not be beyond it. But they gradually began to push upwards for price movements by forming a higher low.

In the image above you can see that buyers are starting to get power because they make a higher low. Where they continue to put pressure on the level of resistance and as a result, the breakout will definitely occur. Now the question is, "where prices will go next? Whether the buyer can solve it or resistance is too strong?" Widely available book charting will tell you that in most cases, the buyer will won the battle and the price will come out past the resistance. However, this is not always the case. Sometimes the resistance level is too strong, and the purchasing power is not too pretty to break through resistance. In this case, I will set the pending buy stop order at the top of the line resistance and pending sell stop order is below the slope.

In this scenario, the buyer loses and prices start diving! You can see that the price drop of about the same distance with the height of a triangle formation. Descending Triangle as you can expect, the Descending triangle is the opposite of the Ascending triangle. For more details, please look at the picture below.

In the image above you can see that it is slowly making a price movement higher low. Chances are the price will eventually penetrate the support and will increasingly continue to decline. However, in some cases, support is too strong, it can make the price will bounce and make a strong movement upwards. The good news is that we don't care where the prices will go. We only know that it will go somewhere. In this case, we will place a pending order on the lines above and below the line of support.

Then in this case ultimately price will breakout over the top of the triangle.

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Trading With Pattern

Trading With Pattern. Being a Trader is not just enough to just know how these tools work, but we must also learn how to use. For let us summarize the chart patterns that we have learned and sort them according to the signal they have given. To shorten the time, please check out his review below:

Reversal (Reversal)

On pattern reversal chart formations is giving a signal that current trends that are taking place are ready to change direction. When the shape of the graph pattern reversal occurs during an uptrend, it is an indication that the trend will end soon and the offing will downtrend. And conversely, if the chart patterns that look happen during a downtrend, this indicates that the price will soon go up.

I will try to discuss 6 chart pattern that signals a reversal.

• Double Top
• Double Bottom
• Head and Shoulder
• Inverse Head and Shoulder
• Rising wedge
• Falling Wedge

To be able to do trading with chart pattern, you can simply do a pending order (Buy/Sell Stop Stop) on the outside of the neck line and the direction of the new trend. With your install target (Take Profit) which is almost the same length and height of the formation. Take for example for example, if you look at the chart, double bottom, place a stop order to buy at the top of the neck/neckline and install the Take Profit targets as high as the distance from the base of the keleher.

For the sake of proper risk management, do not forget to place a stop loss. A reasonable stop loss can be set around the middle of the formation of the graph. For example, if you can measure the distance from the bottom of this double top, then divide into two, and use that as the size of the stop loss.

Continuation (Continuation)

Usually the pattern is also known as a Consolidation Pattern (the pattern of consolidation), because they show how a buyer or seller is able to rest briefly before continuing the trend of previous kesesi. The following display pattern continuation:

In order to trade with these patterns, you can simply put a buy stop above the formation or sell stop below the target by determining formations take profit (TP) in length at least equal to the chart patterns that are formed. For Pennants, you can specify a higher target by measuring the "pole" before the formation took place. For advanced pattern, stop loss is usually placed above or below the chart formation breakout. For example, when bearish trading, rectangle, where you place a stop loss is a few pips above the translucent support.

Bilateral

Bilateral chart pattern is a little more complicated because the price can be translucent over and down. Here's a picture of the graph bilateral:

To be able to play this pattern, you must consider both scenarios (upside or downside breakout) by placing an order on formation and another one on the lower part of the formation (buy stop or sell stop). If one of the orders that have been triggered, you can cancel the other. The only problem is that you can get false breakout if you set up Your entry order is too close to the top or bottom of the formation.

Once you know what types of patern, so be careful and do not forget to place a stop loss.

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What Is Gaps In Forex Trading

What Is Gaps In Forex Trading. The price gap is known as the area in the graph, where no one else has happened, this pattern is formed due to the vacancy, either buy/sell due too a flood of buy/sell mandate. Formation of Cracks leading to top reflecting strong market, whereas the opposite direction, which leads to the bottom of the Gap reflects a weak market. But both reflect the potential power of price movements which will follow at a later date.

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GAPS can be divided into several sections, namely: Common, Breakaway, Runaway, and Exhaustion.

A. Common GAPS

Common Gaps like this often times we encounter, the gaps are closed immediately afterwards. An example occurrence gaps are immediately closed or closing windows. Common gaps normally appear on a condition experienced price movements in a specific price range or at a halted that later experienced a very strong pressure to move. Be careful with this type is very good but if hesitant movement like this also provides an opportunity to get opportunities.

B. Breakaway GAPS

Breakaway gaps are particularly interesting.This subject happened when prices broke through the trading range or area that is stuck. To understand these gaps, one must understand the natural process is stuck on the area. The price moves in a specific price range in some periods. The point where the prices are having breakout is the price support as well as if is having a breakout below the point where the price of new ones in the travel is going to be resistance.

A good confirmation of trading gaps is you should look closely at how the formations formed. For example, the price having a pressure at the point where it has been close to support, then you'd better start paying attention to this incident.

C. Runaway GAPS

Runaway gaps lyrics very clearly that there has been great pressure that can affect a price movement at a time when prices are moving sharply. A statement from a trader that runaway gaps is a measure to decide long sebarapa trend will stop. This theory says that the size of these gaps is the setengan of the movement. Although difficult to prove these words, but it at least helps us to be more vigilant when running the transaction.

D. Exhaustion

Exhaustion is a movement where gaps in price that occurred almost close to the end point of a down trend movement or trend rising. Where there are several times the signal that indicates that the trend will end, one of them was Exhaustion Gaps. What distinguishes runaway gaps with the exhaustion of these gaps is the sense of euphoria from the gaps adalalah movement of a price that inability to proceed to detect teryata.

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Know The Time Frame Of Forex Trading

Know The Time Frame Of Forex Trading. When first we start to trade, then we are asked to download a piece of software that MT4 serves as a means for trading where the broker places we register. After we are finished downloading the software, where the appearance of so many media that make us feel confused will use the individual commandments themselves from the provided menu. to get rid of your confusion, I try to elaborate on one menu, where the menu was the Time Frame (time frame).

Time frame itself can be a viable option for a trader to be comfortable while doing trading everyday activities. Own time frame to traders used to perform market analysis so that the trader is sure to do the open position buy/sell.

For more details regarding the time frame you can see in the picture below:

Description:

M1: the movement of the market price for 1 minute

M5: market price movements over the past 5 Minutes

M15: market price movements over the past 15 Minutes

M30: market price movements over the past 30 Minutes

H1: the movement of market prices for 1 hour

H4: the movement of the market price for 4 hours

D1: the movement of the market price for 1 day

W1: the movement of the market price for 1 week

MN: the movement of market prices for 1 month

From the above explanation regarding the Time frame, hopefully beginning traders have no trouble back in determining the time frame that they want. When asked about the time frame which best? of course the answer back to the character of the trader in the trading. Because many traders who erred in taking the Time frame for the chart. They do not adjust the time frame that they use with their characters so often they experience the frustration and losses for trading activities in daily losses.

Many beginning traders who tend to use the Time frame 5 minutes or 15 minutes in hopes of reading market movements in detail so that it can profit from any market movement. But what happens is just the opposite, such rapid price movement change made them panic and confusion so often too quick to close lucrative deals and instead let a losing transaction moves the team to the brink of collapse.

If you are a novice trader, certainly you can read carefully about the situation, that is a common mistake. There are a few experienced traders have felt comfortable to do trading using H1 time frame. Because the time frame is long enough so that they can observe the movement of the currency with duration of up to 2 weeks, which can make it easy for them to recognize trends and market conditions properly.

But there are also traders who feel that the time frame is long so H1 frustrating, having to wait 1 hour to be able to see any changes in the market. They like the shorter time frame, such as 15 minutes. With the time frame they can observe the movement of the currency within a few days and not have to wait too long until the observed price changes.

But there are also traders who felt the H1 Time frame too quickly, so they use daily or weekly Time frame because they want to analyze market conditions and trends that occur within a few months or a few years earlier. This is usually done by large investors, which every pertransaksinya can provide a significantly impact on the direction of currency movements.

Thus there is no specific Time frame is best, since each trader has the best Time frame for the characters and their style of trading. Just a picture of a Time frame are often used by the trader in accordance with their trading period:

• Position trading (long term), a daily chart (D1) and weekly (W1)
• Swing trading (short-term), chart 1 (H1) and a 30-minute (M30)
• Intraday (daily), chart 15 minutes (M15) and 5 minutes (M5)

Your experience of a trade, no doubt one day you will find a Time Frame that can make you feel comfortable and what's best for yourself.

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The Easy Way To Use A Trendline Strategy

The Easy Way To Use A Trendline Strategy. Trendline is one of the simplest tool in technical analysis. But don't be fooled by its simple appearance, because behind its simplicity stored a great potential to generate profits for your transaction.

"Trendline? Seriously? " Perhaps that question which raged in your mind at the moment.

Yes. The Trendline. Seriously. Trust Me.

Ever heard the phrase "the trend is your friend"? The price trend is your friend. Don't be hostile to the trend because it will only make you confusion in trading, even leads to destruction. You will never be able to beat the market. You can do is follow what direction the market is moving. That's the only safest way.

True to its name, trendline, of course, is a tool that you can use to identify the direction of the trend. In addition, it also serves as a trendline support (in the uptrend) and resistance (in downtrend). This time, you will learn how to combine a trendline with technical indicators are also modest as a system or trading strategy.

The first time you need to do is of course recognize the trend itself. Are visible, in fact you can already know what trend underway in the market at the time (read: about trendline). If you have recognized the trend that took place at that time, you can draw a trendline.

In the example below, the visible chart of GBP/USD is moving in an uptrend. You can see the chart in the trendline.

Okay. Usually then comes the question: what should be done next?

The principle is simple only. You just wait for the correction occurring until the trendline to an area and find the confirmation signal before the bullish trendline translucent.

The issue then is what kind of signal you should look for?

The solution to these problems is: technical indicators. In this case, you could put the technical indicators in the chart Your oscillator. Technical analyst in FOREXimf.com suggest to use stochastic and CCI as a "filter" to search for a signal buy or sell (stochastic and CCI). As an amplifier, you can also use the confirmation of candlestick patterns, or the name cool: candlestick pattern.

Of course you are free to experiment using a variety of indicators that correspond to your character as a trader, but you should keep the principle of "simplicity" or simplicity. Don't get – it was so complex – thus You are puzzled by the system that you create yourself. 

Well, after you have finished installing "setup" in your chart, then you can just follow the rules described below.

Rules for the BUY SCENARIO:

1. Make sure the ongoing trend is UPTREND (trend rising).

2. Wait for the correction occurs to the trendline.

3. If a correction already happening, wait for confirmation from stochastic bullish signals and CCI. If the confirmation signal stochastic and CCI is followed by the appearance of candlestick pattern, then the bullish signals will be more powerful.

4. place the target (TP) in the nearest resistance, as well as the stoploss (SL) below the trendline (10-20 pips below the trendline).

"Ending" from the above scenario:

Rules to SELL SCENARIOS:

1. Make sure the ongoing trend is DOWNTREND (down trend).

2. Wait for the correction occurs to the trendline.

3. If a correction already happening, wait for confirmation from stochastic bearish signal and CCI. If the confirmation signal stochastic and CCI is followed by the appearance of candlestick pattern, then the bearish signal will be stronger.

4. place the target (TP) in the nearest support, as well as the stoploss (SL) above the trendline (10-20 pips above the trendline).

Well, the "ending" scenarios sell above it turns out like this:

Examples happen to use the above chart time frame Daily (daily) and H4 (4 hours), but of course you don't need to be glued to the time frame that is exemplified. Please bereksperiman try another time frame that suits your trading style or type.

You are also free to do a test run with the other technical indicators with the same trendline.

Source: foreximf.com

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What Is The Trend In Forex Trading

What Is The Trend In Forex Trading. The basic concept of trends (trend) is a very basic things in various markets analysis based approach to technical analysis. All tools are used such as chartist support and resistance levels, price patterns, moving averages, trendline, etc. Everything is the same, namely to assist goal in measuring trends that are going on in the market, in order to participate in those trends. You may often hear terms such as "always trade in the direction of the trend", "never buck the trend", or "the trend is your friend".

This short paper try peeling and defines what is a trend and classifying it in several categories. When viewed in General, the trend is a movement of which way the market moves. But other than that we need a more accurate definition to be able to make use of them in technical analysis.

You need to remember is a price movement did not form a straight line into one direction. The market moves in the form of a series of zigzag. This Zigzag movements form a series of successive waves, with peaks (peak/top) and "effluent" (through) that is quite clear. Peak direction and through it that would later define a market trend that is going on. While the Peak and Through this moving up, down, or sideways (sideways). On the direction of the movement that would later tell us about market trends.

An ascending trend (uptrend) is defined as the set of sequences of peak and through the ascending.

While the downward trend (downtrend) is the opposite, namely a series of peak and declined, through the following images from downtren.

There is also a series of peak and through which tend to be referred to as sideways sideways/ranging.

Hopefully the explanation of this trend of understanding can add your insights in the world of forex.

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The Basic CandleStick Patterns

The Basic CandleStick Patterns. At the time of our first plunge to Earth forex, maybe we will feel strange about some indicators, or perhaps you do not mengetahuinnya at all. In the article this time I will invite you to get to know some of the types of indicators, especially Indicators on the Candle, with no length again, following review on the basic patterns of Indicator Candle.

Read also: How To Read Candlestick Chart

Spinning Tops to get to know it in the shadow of the Candlestick with a long lower shadow, long and small bodies called spinning tops. The body color is not too important. Basically this pattern shows a sense of confusion between the buyer and the seller. The picture you can see below:

Have a small body (whether empty or fill) showed little movement from open to close, and shadows showed that both buyers and sellers are struggling but no WINS. Although the session opened and closed with little change, prices moved significantly higher and lower for a while. If the form of a Spinning top occurred during an uptrend, it usually means there are not many buyers left and possible reversal of direction will be able to quickly happen. If the form of Spining top occurs during a downtrend, this usually means there's not much remaining sellers and a possible reversal of direction can occur.

Marubozu means no shadow from the body of the candlestick. Depending on whether the body is a filled or empty candle, the high and low are the same as open or closed. take a look at two kinds of Marubozus on images below.

The marubozu indicators have long white body without a shadow. At the time of open price equal to the lowest price while at a price equal to the closing price highs. This is called with the candle, which is very bullish because the buyer, having control at the time of the session. This is usually the first part of the continuation of the bullish or bearish reversal patterns at the time.

Doji candle has the price Indicator Doji open and close prices of the same or at least very little of their bodies. The indicator has a very body Doji small appears as a thin line. The Doji Candle indicator shows the nature of doubt or a struggle to take a position between the buyer and the seller. At a time when the price moves above and below the opening price during the session, but close or very close to the open price. Both the buyer and the seller are able to control and the result is a series. Terdapta four types of indicators doji, that top and bottom Shadow Length can vary and the resulting candle looks like a cross, inverted crosses or plus.

At the time of the indicator, notice the candle formed doji before. If the Doji candle arrangement came after a long hollow bodies (such as the White Marubozus), this indicates that the buyer becomes tired and weakened. So that prices continue to go up, it takes a lot more buyers, but no more.

If the indicator after the Doji candle arrangement with the Agency filled length (like the Black Marubozus), means "indicates that the seller is getting tired and weak. As prices keep falling, more then needed more sellers but the seller has come out.

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