Forex: A fade the drops like a rock

This currency trade shows the power of finding strong fade areas where the odds are so stacked in your favor, that the win rate often hovers around 80-90%. Hope you get some trading ideas.

MY BLOG: http://www.atradingplan.com/

Category:

Education

Tags:

• Foreign Exchange Market
• trade
• traders
• forex
• daytrade

[bluetooth1232]

shane as you said in your last video only order flows move the market but in this video you also focus on euro summit aswell so could you kindly guide me the news events that i should be aware of while opening any position......thanks for these videos,the ending in this video was very dramatic "thanks for watching,tc"lol

[atradersblog]

@bluetooth1232 Something has to generate the flows. News by itself does not move anything...it is the reaction s to the news. I stated the EU summit simply because eyes were focused on the outcome of that. If there a deal....that would be good news and we saw the move higher in the EU. Once the details were out...it was not as great as expected. It's about expectation. As for news events....any that point to the health of a country. Issue is..now..any comment can rock the market.

[atradersblog]

@mrbubbaspazola Check out the AU I mention in the video...just missed my limit and then toppled 170 pips. Sentiment for the day.....talk of rate cut...down.

[atradersblog]

That would mean that A=B. Markets,at the most basic level, do not operate on HHHL probabilities. That mindset, which is based on theory alone, is not a good one to have.  The reason price rose was due to a non-negative sentiment on this day and an issue with liquidity after that move down. It was a great place, at the bottom of that move, for larger traders to gain a position with no slippage. I...totally dropped the ball on picking up on that or I would have a short and then a long plan.

[MrBubbaSpazola]

Good info as usual...did notice that your entry was a new higher high and so a further move to the upside was probable after a pullback...