At FXStreet traders get interbank rates coming from the systematic selection of data providers that deliver millions of updates per day. Richard November 12, at 3: Thank you for the great insight
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So if you will sell without understanding the price action then your entry will be Stochastic 55, 5, 3 is approaching its support at 2. From a technical point of view, it is possible to try to take a long position on 1. Thank you for support and Analysis in the chart Good luck guys! Feed back and comment in below for discussing, love all you and hope you like it! If you want buy then SL 1. Clear sell only under 1. Triangle it tried to break 6 times the triangle, and now it breaks it good luck.
Stochastic 34, 5, 3 is approaching its support at 4. Analysis in the chart Feed back and comment in below and we can discuss together! Thanks Nial for the articles. I think I am finally getting schooled in fx trading. I would like to takr your course. Thanks for all your write-ups and mentorship. Thanks Nial you have being my great mentor.
Your timing seems to be psychic. This particular lesson is motivational. I will look at all your inside bar price action data again along with other important data that is germane. Thanks Nial,this helpul article has once again come at the right time. This is great stuff Nial… Im actually in the process of bringing one of my trading friends over to your course. Thanks for everything Nial!!
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Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results. He earned that title through dedication and focus…he learned to become a MASTER of his craft…if you want to succeed in Forex you will need to do adopt the Bruce Lee mentality… Forget everything you have learned up to this point in your trading career , because if you truly want to master a new Forex trading strategy you really need to wipe the slate clean of all the confusing indicator and software based trading systems you have likely used thus far.
Checkout Nial's Professional Trading Course here. Thank you this article should help me be focused. Jim Watts April 15, at Matthew April 10, at Roy Peters July 18, at Fewstar chakabva May 10, at 3: Thanks Nial,you provided the best to all the traders,we have been trading but your shared information is useful we have been missing those explained parts Reply.
Nial Fuller December 27, at 9: I would start with the pin bar Reply. Luca July 24, at 1: Luyimbazi Godfrey September 22, at 6: Rgds Godfrey Luyimbazi Reply. Kevin September 22, at 4: On the spot Nial, this is in fact very true, one workable strategy is good enough provided we have faith in using it, without it our emotions tend to sabotage our trades before we know it… Reply. John July 30, at 5: Pure Gold — thank you Nial. Niel you are wonderful Reply.
Hlengiwe Madonsela March 22, at 3: The profit target is determined by taking the height of the formation and then adding it to the breakout point.
In this case the profit target is 1. The profit target is marked by the square at the far right, where the market went after breaking out. Triangles are very common, especially on short-term time frames. Triangles occur when prices converge with the highs and lows narrowing into a tighter and tighter price area. They can be symmetric , ascending or descending , though for trading purposes there is minimal difference.
Figure 2 shows a symmetric triangle. It is tradable because the pattern provides an entry, stop and profit target. The entry is when the perimeter of the triangle is penetrated — in this case, to the upside making the entry 1. The stop is the low of the pattern at 1. The profit target is determined by adding the height of the pattern to the entry price 1.
The height of the pattern is 25 pips , thus making the profit target 1. For more on triangles, read " Triangles: A Short Study in Continuation Patterns.
Candlestick charts provide more information than line, OHLC or area charts. For this reason, candlestick patterns are a useful tool for gauging price movements on all time frames. While there are many candlestick patterns, there is one which is particularly useful in forex trading. An engulfing pattern is an excellent trading opportunity because it can be easily spotted and the price action indicates a strong and immediate change in direction.