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Story of what the price action forex
gives me the positive motivation to make more tutorials like this. This is great information to have as a forex trading pour les nuls royaume-uni potential buyer. The first illustration shows a market where supply is much greater than demand during the downtrend, thus price declines quickly. But the illustration above is about more than knowing when to buy or sell in a trending market. This is called time series data.
Its very similar to reading a book; if you put the book down for a week or two you will probably forget where you left off and what was happening. What questions like these tell me is that many people are looking at the market the wrong way; theyre looking at one price bar or signal and working from there, when they really should be looking at the overall story the market is trying.
Conclusion Profiting consistently from the Forex market takes more than finding the occasional pin bar or inside bar. Some indicators out there may be more complex, and viable to use especially now we move into the age of big data, and machine learning. You will also have the benefit of cleaning up your charts! They draw on the shiny new object syndrome giving us a new special way to view the market. Forex traders, as its the life blood, soul, and backbone of the technical analysis world. Also, its easy for a trader to overlook the bars that arent specific entry signals, but you still need to note these barseach price bar is important, especially on a 4 hour or daily chart ( higher time frames ). The point is that youre making the process of keeping up with the markets story a daily habit. This type of market tells us that buyers are still around and are willing to buy even at the new higher prices. But most of those are usually deceptive by re-painting, or produce really low quality signals.