Louis Jnr Book

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prices to retrace back to the breakout point and then you go long or you short the market. See the example below: The figure above illustrates a range-bound market, the price broke out of the support level and retraces back to the point of the breakout, and the formation of an obvious pin bar indicates a high probability signal to short the market. PAGE 142 OF 226
This is how professional traders trade ranging markets based on this price action signal. How to confirm pin bar signals using technical indicators Using technical indicators to confirm your entries will increase your probability of the trade being profitable, i’am not telling you that you have to focus on indicators to generate signals, because this will never work for you, but if you can combine your price action strategies with the right indicators, you will be able to filter your signals and trade the best setups. One of the best indicators that i use to confirm my entries when i examine a range-bound market is the Bollinger bands indicator. This technical trading tool was developed by John Bollinger to measure a market’s volatility. The strategy is very simple, we will combine horizontal support and resistance with the upper and lower Bollinger bands false breakout, if prices are rejected from major key levels and from the bands, this is a confirmation that the market will bounce from these levels. PAGE 143 OF 226
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DTFX MARKETING PRODUCTIONS, SOUTH A
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First Published: January 2019 For m
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PREFACE FOREX MILLIONAIRE IN 365 DA
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hearts desires and perpetual needs
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own resurrection. As best as I can,
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DIFFERENT WAYS TO TRADE FX Over the
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We use fundamental analysis in the
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3. PRACTICE The best way to get a f
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your leverage ratio in accordance w
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8. KEEP IT SLOW AND STEADY One key
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TECHNICAL ANALYSIS WHY CANDLESTICKS
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Using candlestick patterns will hel
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Long bodies refer to strong buying
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CANDLESTICK PATTERNS Candlestick pa
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find in the market, in this chapter
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When this pattern occurs at the end
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The bullish engulfing bar pattern T
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The example above shows us clearly
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Remember always that a Doji indicat
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In the chart above, the market was
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The image above illustrates a perfe
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As a trader, you will need addition
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The chart above helps us identify t
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But here, the Doji candle indicated
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Right now, everything is going all
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characterized by a long lower shado
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created, you will be able to predic
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When this candlestick forms near a
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In the next chapters, i will talk a
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As you see the smaller body is tota
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ottom of a downtrend, sellers were
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The tweezers top formation consists
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The chart above shows us a tweezers
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Let’s try to answer the questions
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4: Bullish engulfing bar Please, i
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What the crowds are doing? Who is i
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The example above shows a bearish m
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But the question is what is the rig
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The illustration above shows a down
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Support and resistance are proven a
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By drawing a support level in an up
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Don’t use smaller time frame to d
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The Ranging Market Ranging markets
Page 91 and 92: But ranging markets tend to move ho
Page 93 and 94: As you can see, the market is movin
Page 95 and 96: The pullback is another chance to j
Page 97 and 98: find a lot of noise, you can’t ev
Page 99 and 100: Time frames and top down analysis A
Page 101 and 102: try to find a way to follow them on
Page 103 and 104: The second information is the rejec
Page 105 and 106: Look at what happened next: As you
Page 107 and 108: from this level which indicates tha
Page 109 and 110: The example above shows that counte
Page 111 and 112: The second aspect is the level: you
Page 113 and 114: The area between the open and close
Page 115 and 116: How to identify pin bar candlestick
Page 117 and 118: trying to put the probabilities of
Page 119 and 120: -The anatomy of a pin bar is import
Page 121 and 122: If you understand the psychology be
Page 123 and 124: The formation of the pin bar indica
Page 125 and 126: The 4-hour chart above illustrates
Page 127 and 128: The chart above shows how an aggres
Page 129 and 130: entry method helps us decrease our
Page 131 and 132: The trend: it is one of the most im
Page 133 and 134: 1- The Trend: the market is trading
Page 135 and 136: trading setups to come to you, inst
Page 137 and 138: The second reason is the formation
Page 139 and 140: The same thing happens with the sec
Page 141: closes, or you wait for the market
Page 145 and 146: What you have to do in this case is
Page 147 and 148: This reversal candlestick pattern c
Page 149 and 150: According to Steve Nison, the fathe
Page 151 and 152: The illustration above shows a clea
Page 153 and 154: Conversely, if prices test a resist
Page 155 and 156: Your ability to identify an engulfi
Page 157 and 158: Because you will get lot of false s
Page 159 and 160: How to trade the engulfing bar with
Page 161 and 162: In the example above, the engulfing
Page 163 and 164: By connecting the extreme highs, we
Page 165 and 166: One of the most difficult markets t
Page 167 and 168: ecause not all sideways markets are
Page 169 and 170: False breakouts are one of the most
Page 171 and 172: Pay more attention to the way the p
Page 173 and 174: If you can combine trading supply a
Page 175 and 176: As you can see all the conditions w
Page 177 and 178: When you set your protective stop a
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Page 181 and 182: which is the opposite of the engulf
Page 183 and 184: The inside bar can be traded succes
Page 185 and 186: mother candle. Your profit target i
Page 187 and 188: chart, you will notice that the sup
Page 189 and 190: you will know that the safest entry
Page 191 and 192: i recommend you to stick with tradi
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Banks and financial institutions kn
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This setup can be considered as a c
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As illustrated above, big players h
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how to use it in a simple and effic
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Fibonacci tool can be used to trade
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But if the market is ranging, you h
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interesting about it, is that the r
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The second signal was an engulfing
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As you can see in the chart above,
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trading 3 mini lots of CAD/USA, thi
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The importance of a Stop loss All g
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Because trading is all about emotio
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You have everything you need here,
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involved. I would make several chan
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ABOUT THE AUTHOR Have you ever wond
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youth from the previously disadvant
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Louis Jnr Book

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