I've been listening too much about how to trade Forex like banks & there are various courses that are available on net and various experience traders trade forex to new comers and experience to sight trading activity done by banks .
How to spot trading Activity by banks on charts
It is not easy to learn Forex Trading strategies specially price Action strategy used by banks and institutions but with time and practice, one can always learn to trade like pro & spot activities that has been done by central banks, institutions & hedge funds. Specially, banks enters market to absorb orders & then take the price to where it should. If the price is very high then it will get to the area of imbalnace, where it will be equal to supply and demand & that is what we need to learn and that is what banks have been doing for years.
Forex Breakout Strategy
By Breakout, I never ever focus on consolidation breakouts or breakout to the high or multi year high and multi year low & then continuing the pattern. This has never been easy to see traps and breakouts. Difference can be seen if you apply simply price actions strategy used by banks & you need to learn these type of activity to spot on charts & need to go through Forex trading like banks Course which tells us how to easily spot activities. I would post a link here soon where one can get a glimpse at how banks trade in forex market with simple supply and demand zones.
Forex trading course covers the patters like supply and demand zones
In this course, you'll learn intraday strategy, swing trading, scalp trading strategy for day trading and for long term profit booking. That won't take too much of time, when you take next step to your profitable journey to forex & there is no need to spend money on courses & indicators to trade forex. Just get your hands on this free forex book & take your trading to next. Your question answers based on book will be covered on the blog & on daily basis for next couple of monhts.
Trade banks traps by marking supply demand zones on Chart
I've started to being more aggressive on education portion of the blog & recent price action in Pound Dollar patterns signifies the power of market zones. We really need to concentrate the risk we can manage & this chart below signifies the risk involved was way too low than we usually try to pick tops and bottoms or trading any other breakout strategy.
Pattern you need to see in the chart below is :-
Breakout of the Support
Price went into the zone again & then continue going down and made a new low and the break was significant
Price attempt to went into the zone again but that time with rally and then base and rally which was rejected at previous swing high.
Price went into base of earlier rally and small spike and then engulf of demand
Price action was very low but QM was established at previous attempt to rise of the support & it was just above the S/R flip.
Entry was figured out and stops was just few pips above that candle high . & price fall 150 pips after that attempt to break again.
Stay tuned for the link on how to trade Forex like banks
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