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PRICE ACTION TRADING FORUM
How to Develop a Forex trading plan - Trading Confluence . One of the most effective methods to trade forex with high probability.
You have traditional candlestick patterns confused with my methods. This is not a doji in my eyes, its a pin bar bullish reversal. Lower prices where clearly rejected. A doji is not valid if it forms in this vecinity of the chart anyway.
Please check out my course for more clarification.
Thank you sir
I know you are pro-price action and I am learning to think that way as well. I fully believe that price can do anything it wants WITHOUT the permission of RSI or Stoch or CCI etc.
BUT
Don’t you think Ichimoku has many of these confluences built in? I have been putting a lot of weight on where price is in relation to the cloud for a filter and trying to trade only with price action in that direction. Price action rather than line crosses being my trigger.
I like the idea of confluence in any trading method, its the simply the idea of using multiple reasons to enter a trade which align together to give one common trading signal.
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tom power said,
May 29, 2009 @ 10:27 pmhowever what is frightening about this point is that there was a doji (narrow range open=close) bar after an uptrend a sure reversal yet it pulled back and kept going