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Forex v formation
position is opened. With time more and more traders of the herd are closing their position in panic. Please watch this video first. On the right side you can see a bearish Level1: Entering early into a high probability Level1 is very rewarding! The smart money will use this confidence of the herd to dramatically shift the emotions of the herd from thrill/euphoria to anxiety! To select high probability trades the areas which are labeled green and red in the following sketch must have a special look: In the following sketch you can see the 3 components which define a good Level1 reversal which you will exploit:. . As we already saw, the key turning points are indicated by the technical analysis of the V-Power EA very good. And if you correctly apply the rules then you will see that 2 rectangles are giving us the high probability trades which we want to trade with the V-Power system. Understanding this in and of itself gives you and edge or advantage against a majority of traders out there. The following screenshot shows you the highest probability areas: Important!
It offers some excellent risk/reward ratios.
And with good money management.
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Reward ratio in many cases will be the first determining factor based on a traders winning percentage. Now that you have, hopefully read the 5 articles you have learned about the 3-day-cycle of the smart money. And on the right side (in the green rectangle) the long position of the smart money comes into profit after the price jumps above the horizontal line (at the black arrow). (when setting stops, traders will typically allow for a cushion just beyond a levels of support or resistance allowing a bit of room in which the market may pierce that exact level). Maybe the price will shoot directly upward to the target price level as labeled in the following screenshot: Maybe the price will make a deeper pullback before the price will reach the target: As I already said: We will never know how the path of the. The following screenshot shows an example of these highest quality trades: And one additional benefit of the V-Power system is that you will be able to trade this concept even besides a normal forex co day job and when you have only limited time for the charts! Its important to remember that levels of support and resistance act a zones where prices may fall just a bit short, or just pierce, the levels. We will assume the most conservative profit target (set just above the.2 Fibonacci retracement level adding 4 pips for the spread). And you can see that the EA draws the tops, bottoms and the boxes (which are indicating the direction of the trend) also on the daily time frame.
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"Bagovino Method" VS "Cornflower Hourly System" 16 replies.
On Daily Charts, watch for a "V " formation ( two down candles, immediately followed by two up candles ) Enter a long position.
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