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simple. Price action trading strategies, so Ive got a cycle indicator that I use. They are common, but if used in the right way, they can be very powerful. And your answer is buyers, well perhaps selling is not a great idea. (1) Set your buy stop order 5 pips above the high of the candle that intersects the trendline when that candle closes. Submitted by Edward Revy on October 4, :30. The candles all closed lower than they opened, they all created new lows beyond the previous candles low and they all had small upper wicks in comparison to the candle body. If you are about to enter a short trade and you ask yourself Who is in control of price?
Price action doesnt only adapt to changing market conditions though, it adapts to different pairs, different time frames and, crucially, to different traders. And then when people think these things, of course, theyre less likely to follow through. While this strategy can be traded with just the 4 hour and daily time frames, there is absolutely no sense in sacrificing potential trades because your broker is too outdated to provide new time frames. He said thank you so much for this, its already improved my trading even though I was making money. While sellers are work and train from home jobs in pune not in control, neither are buyers. When price pushed into that area sell orders triggered and buyers could no longer continue.
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