Taking too many doubtful trades can easily lead to overtrading which leads to a slippery slope where a trader wants to earn back their money quickly. Hence the candlestick (pattern) is the trigger: A pinbar at the trend line à a bounce trade. Nothing to do here. With that said, I will now present to you my own preferences for various decision spots and triggers and it is up to you if you use the same. The more space the better as it allows the trader to have more options regarding exits.
These are forex Online trading software kostenloser download the levels we will be putting our orders against and try to get few pips. NZD/USD - It can't afford to lose.6800, so let's see! Sweet spots, the best opportunities, which we name sweet spots, are areas where the strong confluence of levels exists AND wide open space is present. Four hour chart showed a perfect complex pullback to get a long off with 109 pips to highs Some large momentum moves this week which are great if you are already positioned. As youve seen, you can short alt currencies and Bitcoin in the right context but most traders would be better to continue with the trend. Horizontal consolidations on daily charts may see trends you can trade intra-day. Kathy Lien High Probability Trading Setups for the Currency Market.