Price action basics. Part 8 - Page 75
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Thread: Price action basics. Part 8

  1. #741
    Quote Originally Posted by Abhishekwala View Post
    Evaluation of our trading results, whether it be profits or losses, with a clear mind shows us the true picture of the quality of our trading. As traders we need the skills to analyze the market and make good predictions. Everyone can see the price movement and the candle stick charts, but the skilled and experienced eyes can catch the opportunities at the right time.
    Basically when we see our results less satisfying, it means we're still needing some improvements with our trading system and evaluate everything back again to solve our issues that caused us has bad trading performance. Doing this often will ensure us to get better and increased experience so we know what to do next in case we see trading opportunities with market.
    rules made to be followed, not to be broken

  2. #742
    Trader ara's Avatar
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    Quote Originally Posted by RoboLover View Post
    Responsive break as shown in the picture. Showed the presence of an aggressive movement of the price, and then denied it to go back to the previous price zone. While liquiation is the price of re-doing a balancing because as the trend of the range was too high.
    In other words, in the case of a responsive break, we see a direct reflection of prices without any pause at all. If we switch to a higher time frame then it will look like a shadow or long tail on the candlestick, At higher time frame will apply candlestick pattern to be used in analysis. As for the liquidation break, the price seems to consolidate before the price finally gets back, maybe there will be some pattern like head and shoulders pattern / inverted head and shoulders or double top / bottom, triple top / bottom.

  3. #743
    Quote Originally Posted by ara View Post
    In other words, in the case of a responsive break, we see a direct reflection of prices without any pause at all. If we switch to a higher time frame then it will look like a shadow or long tail on the candlestick, At higher time frame will apply candlestick pattern to be used in analysis. As for the liquidation break, the price seems to consolidate before the price finally gets back, maybe there will be some pattern like head and shoulders pattern / inverted head and shoulders or double top / bottom, triple top / bottom.
    it's not valid to follow if we're seeing only shadow or tail of candlestick bar and that's not yet been confirmed as good pattern for reversal or breakout trading. we must stay patience to wait for next candles to show up whether they'll break the levels or not. then once everything's clear we can go for a trade and place the stop loss and take profit at levels we believe market could go against us and could move towards our target.

  4. #744
    An out and out currency transaction include two gatherings trading one currency for another. The two gatherings must agree on the two currencies, the measure of one currency, the settlement date, and the exchange rate. The measure of the subsequent currency will be gotten from a figuring including the measure of the primary currency and the exchange rate. The worth date is the day the two gatherings really exchange the two currencies. It is unreasonable, by and large, for the worth date and the exchange date to be the equivalent. The forward worth date is typically required to permit the two gatherings time to arrange for installments which frequently happen in different time zones.

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