Naked forex trading


naked forex trading

2(200) each trade. Things like: Trendlines or channels or bullish pin bar forming on major support level, if you can see that, there are many that will be seeing the same thing. Generally, pin bars taken with the dominant daily chart trend are the most accurate. The word used to describe such a situation is momentum. Forex EA features an automatic update system. It is possible to make consistent profits by only trading the pin bar formation, and you can learn more about it in my price action trading course.

These are graphical and visual representation of price over time, thus telling you a story about supply and demand forces over a certain time period which can be 1 minute up to one month or year. But personally, I do not like that approach. No automated system out there works long-term without updated settings. The low is the lowest price that was reached during that time period. Candlestick wicks with long upper shadows commonly occur when an uptrend is losing strength. I tried to close that trade as many times as I could but it was impossible to close because the price was way down below where my stop loss price was! Price is value given to a particular instrument usually in monetary terms and its value is dependent on supply and demand. The chart below shows and example of what can happen when there is major forex fundamental news release: This is one experience I will never forget. It means price opened and got pushed higher by the buyers but then at the highest price, sellers got in and drove it back down.

Naked forex trading
naked forex trading


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