I thought today would throw up some strong trade setups across a few of the pairs. Shop online with coupon codes from top retailers. Binary Options allows you to trade, forex, commodities, indices, stocks and basically any investment with a variable value. Therefore, we have to follow the strong lines too. Based on these factors, the fluctuation of even a single pip can have a significant impact on the value of the open position.
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I think the market is exhausted; strong break of BB; if current candle closes as strong bullish this looks a strong long entry. This is my first day of reading the charts per your strategy, so would welcome your comments.
There is another one forming in daily chart. Both the latest setups you guys mentioned on Nzdusd and usdcad are not strong setup. Hi Chris , This is my 1st comment on luckscout.. Thank you, this article is another big motivation for us. I would like to ask you about NZDUSD, I think on monthly time frame we are on support line, and on daily — nice bullish engulfing are forming with strong LBB breakout, but we must wait for closed. Now, a bullish engulfing pattern is formed at the daily chart.
However, what does this mean for my already open position? Should I close it due to the presence of the long setup although weak? When I looked back I saw that in most cases there was a weak no BB breakout or weak candles setup formed with the last two candles. Please consider this as a general question. I have read many times your strategy for maximising profits by opening two positions.
Do you use a weak setup as an indication that it is time to close the second open position? The upper shadows of the daily candlesticks tell me that Bears still have the control. So the price can go lower. However, holding or closing of the position is your own choice and is what you have to decide about. When the position has made a good profit, yes. But when the trend is strong and the weak setup is just formed as the first reversal, then I hold the position.
Long tail on the second candle which seems to be because it is stuck on the middle band on the 4hr chart. I thought today would throw up some strong trade setups across a few of the pairs. But as we approached the close, many of the candles developed long shadows which voided most if not all the setups.
Although MA is not steep but might have long setup? We have to wait for the price to retest and forms a buy signal above it. You have to be able to repeat your success consistently and consecutively for 6 months. If you double your account in this process, even better. If so, your account will not be doubled, but you have repeated your success consistently.
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It identifies the pullbacks within the trend and then identifies when the trend resumes, giving us entry signals. There is a Blue line that runs through the price. This is the 50 Day Moving Average that is commonly used by traders all over the world to determine trend direction. When price is above the 50 Day, the trend is up.
When the price is under the 50 Day, the trend is down. The Marco will print Bright Green bars when the price is moving with the trend, or upward and away from the 50 Day Moving Average. Once the pullback has finished and the market begins to move back in the trend direction, MarCo will start to print Bright Green bars once again.
The Marco will print Bright Red bars when the price is moving with the trend, or downward and away from the 50 Day Moving Average. Once the pullback has finished and the market begins to move back in the trend direction, MarCo will start to print Bright Red bars once again.
The pullbacks are what we want to see when looking to take a trade. The OsMA is under the price chart and is the wavy indicator that prints red and green. As the trend is up, there can still be weakness in the market and the OsMA will show this to us. The OsMA is a good forex indicator of market momentum. We can have an uptrend and Red OsMA bars, but this would be a no-trade scenario in a conservative approach. We can have a downtrend and Green OsMA bars, but this would be a no-trade scenario in a conservative approach.