Double Confirmation trading strategy!
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  1. #1

    Double Confirmation trading strategy!

    This is a strategy created by me. I have named this strategy DOUBLE CONFIRMATION , beacuse we will not just use one analysis, but we will use 2 or more analysis . Like if there is a candlestick pattern formation like doji or pin bar, and there is a near term support/resistance, then this trade would be called Double Confirmed trade!

    I will share charts here, old and new, so that you can get idea what i want to say about .

  2. #2
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    Thanks for the double confirmation trading strategy. A forex trader must be educated on Forex education and we need to do hard work to understand the trend of the market and if we can understand the trend then we can easily earn money.

  3. #3
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    it is good, then we combine two analysis, candlestick and support resistance, i want to know ,what methods we use for it, and also it it for long term or short term or we can use for both of them ? because now, i used candlestick as my best indicator and use channel to indicate support resistance too, and i believe it will complete each others

  4. #4
    Quote Originally Posted by ebizripan View Post
    Thanks for the double confirmation trading strategy. A forex trader must be educated on Forex education and we need to do hard work to understand the trend of the market and if we can understand the trend then we can easily earn money.
    hello dear are you benefited with your strategy ? you have just tell you make a new and unique strategy but not tell here details. for this reason i am not clear about your strategy. all analyst analysis market on candlestick, chart, etc. if you performance explain here then we ll be satisfied.

  5. #5
    Quote Originally Posted by ebizripan View Post
    Thanks for the double confirmation trading strategy. A forex trader must be educated on Forex education and we need to do hard work to understand the trend of the market and if we can understand the trend then we can easily earn money.
    Without learning about forex trading and sock trading then this is just a luck .. so then you can not depend on this business and then you can afford the loss and your hope. but if you will learn ans spend time on the learning so then your skills and knowledge will be improve .. and then you can working best in the stock trading and forex trading. and then you can earn as you want for your life..

  6. #6
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    Quote Originally Posted by ptcdirectory View Post
    Without learning about forex trading and sock trading then this is just a luck .. so then you can not depend on this business and then you can afford the loss and your hope. but if you will learn ans spend time on the learning so then your skills and knowledge will be improve .. and then you can working best in the stock trading and forex trading. and then you can earn as you want for your life..
    It is good for trader to get success that we give time for learning and increase our market understanding because all the plan does work and will be beneficial for us only if we get use them as a perfect source for trade we easily use them and make our trading plan perfect for get success in better way .

  7. #7
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    Quote Originally Posted by ebizripan View Post
    Thanks for the double confirmation trading strategy. A forex trader must be educated on Forex education and we need to do hard work to understand the trend of the market and if we can understand the trend then we can easily earn money.
    Sir, i just want to say that the double conformation is one of the best way to take a secure trades that will have a great probability to give some good profits.But on your point that understanding the trend alone is what is going to help us to make money from the market to me is not the total truth about the market , if we understood the market trend very well, then we must know that taking the right moment to join the trend is equally as important as knowing the trend of the market. And double confirmation is one of the best way to put al things right using several methods that we know to confirm the right direction of the market.

  8. #8
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    I can understand this trading strategy, the pin bar and the doji that is used here is for example, or must it be that alone for this strategy to function? You can make trading based on on pivot point and see that the price is approaching the SMA trading system too at the same time, it is true that this is a double checking way to enter the market.

  9. #9
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    Quote Originally Posted by cozard007 View Post
    I can understand this trading strategy, the pin bar and the doji that is used here is for example, or must it be that alone for this strategy to function? You can make trading based on on pivot point and see that the price is approaching the SMA trading system too at the same time, it is true that this is a double checking way to enter the market.
    I think if you develop your system on the basis of the basic types of analysis and then you incorporate some indicators such as MACD or moving averages then in a way your basic direction of the market will be provided by the basic analysis such as technical and fundamental analysis and then the affirmation will be given by the indicator for the purpose of giving you the extent of the movement.

  10. #10
    Quote Originally Posted by cozard007 View Post
    I can understand this trading strategy, the pin bar and the doji that is used here is for example, or must it be that alone for this strategy to function? You can make trading based on on pivot point and see that the price is approaching the SMA trading system too at the same time, it is true that this is a double checking way to enter the market.
    but also you will be clear your result cause i think people seen the result and then they will try so if any one want to see the result then try to your demo account and mention the result,but i think this support and resistance work very well and try it 1 time and then if satisfied then you should carry on this always in your trade but mostly this situation creates when you single trade..

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