are human emotions. Should I get out? And there you have. It can happen on the same candle, but I prefer to see it on subsequent candles. The patterns dont always hold sometimes theyre affected by other factors like news but they are consistent enough that we can use them to make profits in the market. Thats why the initial trend is very important. If you follow trade volumes on your chart, you should also be seeing strong volume (I like volume as and indicator even though the volume may not be an actual representation of the volume on a pair, it does give you some indication of collective. As the market continues to drop, they unload those positions to the smart money who are more willing to buy as the price drops lower.
Reversal trading forex factory
Copy my forex trades
Natwest forex rates
Horario del mercado forex en mexico
How cryptocurrency trading pairs work
Why do 123 Reversal occur? They can give you a feel for the direction of the market. I just cant concentrate that much for that long. I like to see volume confirmation, but theres usually much less enthusiasm for this high than the number 1 high. You can just trade the second position if theres just not enough reward to risk on the fist position. Often you can see one after a big news event. As I mentioned, entries are only a small part of a successful trading strategy. This is also called the 123 reversal pattern and once you learn to find it you will see a rapid increase in your trading success. .
A news filter on long term trading should be used to exit trades or set a tighter stoploss if news is going to hit.
quot; If a trade is closed by the TS settings, and the signal is still valid the EA will open a new order.
In the settings you can specify the time how long you want the EA to wait before opening a new order on the same pair.