How to Make a Trading Strategy With Candlestick Marubozu ...

How to be profitable in Forex: High-probability trading.

Hello guys,
I see a lot of posts here either of new traders or non-profitable traders. Some people here even believe trading is gambling and it is impossible to be constantly profitable. I have been trading forex for a few years now and I have fallen into every trap you could imagine: Overtrading, too many indicators, no backtesting, anger trades, etc.. burned a few accounts and finally managed to be constantly profitable on a large period of time. That is why I decided to make a very quick guide on how I think everyone can achieve profitability.
High-probability trading is a very simple concept: Only take trades when stars align. I'd recommend focusing on a very few setups that have proven to be profitable, and to not trade if the setup isn't perfect. If you think there is a slight chance you could lose a trade, then do not take it. The most important rule is to have 100% confidence in your trades, so you are not disappointed when you lose one because you know you followed your guidances.
I am a full-time trader. I mostly look at the 5-minutes, 15-minutes, and 1-hour charts, and I watch all major currency pairs 10 hours a day. You'd assume I take a lot of trades because so many setups form each day, well I do not. I take 2 to 3 trades a week for a duration of 1 to 4 hours per trade. But because these trades are more likely to be profitable, I have a good monthly return.
Now we all have our own strategy and I'm not here to review yours. Just think of how you could make your strategy a high-probability one. If you take a trade at each trading session and you have less than 65% of winning rate, then you can certainly improve your guidances. Here are the two most important rules you must follow:
- Always trade with the trend on all your timeframes, and at least a higher one. If I take a trade on the 5-minutes, 15-minutes and 1-hour charts, I want to make sure I'm with the 5-minutes, 15-minutes, 1-hour and 4-hour trends. A 200-periods exponential moving average on each timeframe should do the trick to ensure that.
- Confluence. This is for me the most profitable rule of trading. Confluence is when you have two or more levels coming together and therefore making a confluence point. For example, if you are trading the retest of a bullish trendline on the 1-hour chart, a confluence point could be where the price: retests the 1-hour bull trendline, breaks the 15-minutes bear trendline, retests the 1-hour 50-period EMA, breaks the 15-minutes 50-period EMA with a bullish marubozu candlestick, with an RSI bullish divergence at an oversold level, and a retest of a support. Now this would be a crazy setup, but even when a few stars align in a confluence point the trade is high-probability.
Thank you for reading.
submitted by Oxygen0796 to Forex [link] [comments]

Marubozu Candlestick Pattern best for intraday trading ... Price action trading tutorial #hari1 marubozu candle ... Marubozu Price Action Forex Trading Strategy  Best Candlestick Pattern Tutorial in Hindi and Urdu TRUSTED SPOTS - YouTube Marubozu candle sticks in less than 7 minutes Marubozu Candlestick In Forex Marubozu candlestick pattern - How to Trade with this ... Forex Trading ~ How To Trade Price Action Marubozu ... Marubozu Candlestick Hindi - Candlestick Analysis 4 - YouTube

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility ... Though marubozu is a very strong candlestick pattern, you should avoid trading on extremely small (below 0.5% range) or long candle (above 5% range). An extremely small candle means reduced trading activity and hence it may be a false signal. Then again, a long candle indicates extreme activity and in that case, the stop-loss for that trade would be very deep. For this reason, you should avoid ... The marubozu certainly can be a useful trading signal owing to its simplicity and its easy interpretation. Like any chart tool, it is imperfect. The predictive ability is not fixed but varies significantly across charts and at different times. So what works at one time may not work the next. That means when trading the pattern we have to look at a range of different elements. This includes the ... double marubozu is a technique that relies on sequential engulfing 2 to be a strong reference to supply or demand, I also use this technique to mark supply and demand. yes this technique has a fairly high accuracy and I will entry if the price returns to that area, here's an example of my mapping. Marubozu candlestick pattern trading strategy. As mentioned earlier, the Marubozu can surface anywhere on any timeframe. So, it can help short-term and long-term traders. One way to implement Marubozu for a forex trading strategy is to use it with momentum oscillators like the RSI and Stochastics. Marubozu candlestick pattern buy strategy If not, please read the explanation about Marubozu here: Serial Candlestick: Marubozu. Building a trading strategy with Marubozu candle is not difficult. It can even provide potential benefits. Breaking News. Forex Trading Studying: Forex Online Course Issues to Lead You to Change into a Profitable Forex Online Traders ; Best Forex Signal 30 – 90% Accurate. Nov 06, 2020 Performance. Is ... Marubozu — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost!

[index] [12976] [10433] [23600] [17819] [28650] [23625] [21560] [20569] [3299] [22482]

Marubozu Candlestick Pattern best for intraday trading ...

DISCLAIMER - All videos uploaded by trusted spots team are only for information and educational purpose and are not an investment advice at all. The financia... Candle stick with RSI indicator Hanging MAN, Hammer, Shooting Star, Inverted Hammer - Duration: 11:00. Tamil Share 23,163 views Marubozu Candlestick type denotes two things, either Reversal of Trend or Continuation of Trend. One of the Most powerful and Clear type of Candlestick is Ma... Pada kesempatan kali ini mari kita belajar tentang salah satu cara trading dengan price action memanfaatkan marubozu. Untuk kesempatan hari pertama, supaya l... Learn how to identify bullish and bearish marubozu candlesticks and how to trade them. http://ExtraordinaryTrading.com Forex Trade Signals: http://extraordin... This video discusses the basic candles group called Marubozu. The basic candle concept and other groups of basic candles are covered in separate videos. Cand... Marubozu candle and its use in Forex and stocks trading, recognizing bearish and bullish trend reversal and continuation by showing in live charts Candlest... intraday technical details of marubozu candlesticks pattern how to use marubozu candlestick pattern gor intraday share trading .it is the best candlestick pa... Marubozu candlestick pattern - How to Trade with this? Do you want to know how to trade the Marubozu Candlestick pattern? Watch our latest video and see how ... In this tutorial you find trend candlestick pattern marubozu Forex trading strategy. all information about Marubozu Price Action Forex Trading Strategy in Hindi and Urdu by Tani Forex. For more ...

http://binaryoptiontrade.totsygoncotab.tk