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Thread: Key Level Trading Strategy by combine tools

  1. #1
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    Key Level Trading Strategy by combine tools

    Everybody want to get success in forex but success here is not so easy.we need good confirmation for opening our trade.many trader use many technique for finding his point.such as Support resistance , Trend line , Indicators, Candleisticks confirmation ,Fibonacci etc.If we can mix all the tools for open our entry then our entry will be more possibility to win.My strategy is that to use many tools to open an entry.In bellow i give the way of this trading method.

    1.Find a trade and its swing point.
    2.Then draw a key Support-Resistance.
    3.Draw trendline on the your target trading point.
    4.Draw fibonacci and consider only 50.0 or 61.8 level for opening entry.
    6.U can use moving average fro more confirmation.
    7.Al last find bullish or bearish price action on the key level for open your entry.
    8.Do not open your trade Without stop loss and take profit.

    If u can consider this method your entry will more possibility of success.do not open trade without good confirmation.when all the tools give u confirmation then you can trade here.I use this method most of time.but all time u can not get all confirmation at a time but when u get it then u can hope 1:3 , 1:4 , or more than 1:5 in this way.we do not need to trade all time if we get such good confirmation only this way we can manage huge green pips.

    There is a real chart example from Gpb/Aud pair in bellow given

    Attachment 13047

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  2. #191
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    The credit always goes to trader learning and his ability to find the market trend and use in a proper way this will help trader to get success easily in this market , trend is something we trust and it help trader to achieve easy money from market and with the help of good analysis we learn alot about trendline and how we should make our trade plan very successful with it .

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  3. #192
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    These all point which you mention are based on chart analysis so a trader if spend his maximum time in this market in this way we are able to find the complete sense of price movement and easily we have found the level which are based on support and resistance and finding trend starting of swing these are very important and a trader must have idea of application .

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  4. #193
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    Knowing key levels is supposed to the responsibility of every forex trader because these are the points where price would definitely make good attempt to reverse or continue their previous movements. Once price has already touched a key level either support or resistance, the trader is meant to exercise more caution because price can move very fast to any direction from such levels.

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  5. #194
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    Quote Originally Posted by simisola View Post
    Knowing key levels is supposed to the responsibility of every forex trader because these are the points where price would definitely make good attempt to reverse or continue their previous movements. Once price has already touched a key level either support or resistance, the trader is meant to exercise more caution because price can move very fast to any direction from such levels.
    actually support and resistance really matter but it not means we will work 100% on them, in support and resistance we can really understand about next some pips but in end we can lose easily, actually when we earn from some orders we do not want to close a single order also into loss so in that case we lose more, i recommend you to trade properly and trade on base of some proper learning,

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  6. #195
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    Success is everyone desire and everyone int he forex is trying his best to be successful. I have seen every trader hard working for their trading system and strategies to be proven as 100%. Some get successful some not but everyone puts effort. Price action is also another method to trade on a naked chart. If you add the fibonacci tool into it then it will catalyze the chart and gives you the clear direction and scenarios to trade.

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