Pattern: Marubozu Candlestick nel Forex FareForex

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]

Forex Trading ~ How To Trade Price Action Marubozu ... 24 -Introduction to Marubozu Candlestick Pattern Advance Training Course: Marubozu Candlestick Pattern in hindi/URDU [Lecture 19] Marubozu Candlestick In Forex Marubozu - YouTube 6 What is marubozu in candlestick - YouTube Marubozu candle sticks in less than 7 minutes

USD/INR risks falling to 100-day SMA support at 74.68. Daily chart shows a bearish candlestick pattern and a failed breakout. l Jakarta, 08/05/2017 – Artikel serial candlestick sebelumnya sudah diperkenalkan penjelasan candlestick dan jenis candlestick dengan besar kecil body candle. Secara singkat, besaran body candle memberikan arti jumlah kekuatan … Read More Description du Marubozu / morubozu Un marubozu / morubozu est une bougie pleine, idéalement sans mèche. C'est un signe de force qui signifie que toute la . 12 novembre 2020. Ce site est gratuit grâce à la publicité, pour le soutenir, merci de désactiver vos adblocks… Facebook; Twitter; Linkedin; Google + Youtube; Accueil. Bienvenue; Tchat; Forum; News; Nous Contacter. Analyses. Indices ... Marubozu — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost! ... Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter. Profile Profile Settings Account and Billing ... The word marubozu means "bald head" or "shaved head" in Japanese, and this is reflected in the candlestick's lack of wicks. When you see a Marubozu candlestick, the fact that there are no wicks tells you that the session opened at the high price of the day and closed at the low price of the day. In a bullish Marubozu, the buyers maintained control of the price throughout the day, from the ... Marubozu Candlestick Pattern. Twenty Fourth session of Forex Training. Welcome to Forex professional training in financial markets.. In this session long candle, Marubozu candlestick pattern, Three Black Crows and Three White Soldiers candles will be discussed. Marubozu or Long candle Biden Leading in Key Swing States Forex News [ October 25, 2020 ... (Marubozu) Strategy – By Trading Chanakya Scalping Intraday (Marubozu) Strategy – By Trading Chanakya. June 10, 2019 admin Forex Trading Strategies. Previous. Crude Oil Prices Up, Gold Down as Markets Cheer US-Mexico Detente. Next ... The best site to become sucecessful in Forex. Fibonacci Trading: How Fibonacci Levels Give Clues to the Traders The best site to become sucecessful in Forex. Fibonacci Trading: How Fibonacci Levels Give Clues to the Traders Una delle più importanti candele singole che si possono trovare sui grafici di qualsiasi time frame, è la Marubozu; questo tipo di candlestick deriva

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Forex Trading ~ How To Trade Price Action Marubozu ...

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