With value investing everyone knows: Buy when there is blood in the street, when a good company has a P/E ratio of maybe under 10.
But with currencies, other than the advice "50% to 61.8% fib" and a whole lot of troll "buy every bottom sell every top with the magic indicator or magic drawing on the chart" there is no common knowledge.
We can look at this recent...
COME JOIN OUR FREE LIVE EFX TRADING SESSION THIS WEEK.
USE THE EFC INDICATOR OR OUR FREE RSI 80/20 STRATEGY FOR LIVE SESSION.
EFC INDICATOR SHOWS
1 - OPEN ENTRY SIGNAL
2 - STOP LOSS SIGNAL
3 - TAKE PROFIT SIGNAL
Step 1 Price breaks below cloud.
Step 2 Blue line crosses below Red line.
Step 3 Sell at open of next candle.
Step 4 SL above breakout candle or cloud.
Step 5 TP when Blue line crosses above Red line.
Strike Trader Elite Indicator (STE) shows Entry Signal Level
Strike Trader Elite Indicator shows Stop Loss Level
Strike Trader Elite Indicator shows Take Profit Level
Strike Trader Pulse Indicator shows Histogram crossover
PM me is you have any questions I can help you with about the STE Indicator
What we term as a 'shoulder' (Lower High/Higher Low) is a prime entry setup with statistically high probability. The important thing to note is that it is used in conjunction with price action to correctly identity when traders are being 'caught off-guard' on the wrong side of the action and forced to close. We like to term it the 'sweaty palm' feeling when you...
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
I get asked all the time about trading entries, so here you are, this is my strategy for how I enter trades based on price action, and while price action doesn't tell you the future, it enables you to read what is happening with the most important aspect on any chart, what is the market willing to pay for an instrument, the price!
This chart is a daily chart, I...
