How can we profit from Forex Market Traps???

Fxugprofit. com

Newbie
0 0
Forex Market Traps ! How can we profit from it???


Hello for everybody I am a Forex trader and i would like to help for the traders who have experience s or just started to trade the biggest market.

"The big fish does eat the small fish" This sentence is true everywhere in the life especially on the Stock Market. On the Fx Market the institutional investor dominate and the retail investors can find themselves in the wrong side of the market. It seems to be we SOLD when we have had to BUY and we BUY when we have had to SOLD and we think if we wanted to do advisedly we couldn't do that.

The strategies where the traders use indicators and awry trend lines It s rather an ART than professional Forex Trading and if we dont have experience how to draw these lines we can find ourselve in a CASINO. For the Institutional investors can help such crutch's what about the retail investors just dreaming.(Back-Monitor system where they hunt our stops or other informations.But we can make profit from this-Just we have to follow some very important Rules!

This is not the Holy-Grail.I dont believe in the HOLY_GRAIL cause it doesn't exist.

If we look at the chart we can draw the horizontal-lines correctly cause everybody draw/see horizontaly...
Indicators and trend lines can give many false sign to enter the market but when we realize this we find ourselve in a losser position. One thing is sure on the Market : THE PRICE So Let me introduce this Price Action Strategy

Timeframe H1 H4 D1 W1

FALSE BREAK of RESISTANCE

When the Market Formed a new Resistance point and starting a contrary move (pullback) after the price attack the formed Resistance again and the candel move above the resistance line i set up 2-3 SELLSTOp order under the first candel which caused this breakout.
-I place my stop loss above the new high +5-10 pips.

-Profit Target: i calculate price levels based on the initial risk. I close my first position if hit my first price level.. and i try to close my rest of the positions on different price levels.
-After +25 pips i put my stoploss in breakeven.

False Break of Support

When the Market Formed a new Support point and starting a contrary move (pullback) after the price- attack the formed Resistance again and the price move above the Support i set up 2-3 BUYSTOP order Above the first candel which caused this break.
-I place my stop loss under the new low +5-10 pips.

-Profit Target: i calculate price levels based on the initial risk. I close my first position if hit my first price level.. and i try to close my rest of the positions on different price levels.
-After +25 pips i put my stoploss in breakeven.

-I use this strategy on the most liquid currencies and gold. but it s working of the most market and most time frame
 
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock