About This Image :-
This image is a chart of gold in this image as you can see we take a trade in sell side and than after some time our target hit. In this post we talk about this image and this trade how to trade this way and our target hit. So learn carefully and welcome to this post.
First what we have to do?
The answer is that first we need to draw a trendline and a support after than we need to wait for reach price in our support and resistance. This is the first step for we have to do.
How to draw a valid support or resistance ?
If we want to draw a valid support or resistance than we have to do find the point where at list two times and more than two times price reached there and than mark that point where price reach two times minimum than if this is down side movement than this is our valid support and similar to up side if it is up side movement than this is our valid resistance. This way we can draw a valid support or valid resistance.
How many indicators we need?
The answer is that if we are starting trading than may be it is need otherwise this is no need because the indicators works is only indicating not make profit that’s way we can’t focus on the indicators. If you want to try indicators than you can use 1. Moving average 2. VWAP 3. Volume 4. ADX 5. EMA. This is some indicators you can use for you trading.
When we can buy and sell ?
First to first we have to wait for our price and see properly where is our price and where is our candle if our price is near to support than wait for some big movement and than if big movement is form than wait for form something special that means if our price after a big movement reverse than we can trade using trap formula similar, to resistance side also. If you don’t know what is trap formula than you go our all post list than find what is trap formula. This way we can identify when we can buy and sell.
Some special tips for this post.
First you see image properly and than you can see first price move in up side and than move in down side and than we take a trade in sell side. If you want to identify this way for trade than you must need to follow a forex pair the name is USD/JPY. This is golden rule for this post you follow this forex pair than you can easily identify the big movement before any big movement.
