Louis Jnr Book

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markets, whether it’s forex, commodities, futures, or options. The chart above shows a bullish trend, the trend line acts as a support level, the price action signal that occurred created a great buying opportunity. How to trade the engulfing bar in sideways markets? PAGE 164 OF 226
One of the most difficult markets to predict can be the sideways and ranging markets, i always recommend traders to focus on trading trending markets, but the problem is that the markets spend more than 70 % of their time in ranging motion. If you focus just on trending markets, you will probably leave lot of money on the table, this is the reason why learning how to approach range bound market is a must if you want to make decent living trading financial markets. What is a range-bound market? When the market stop making higher highs and higher lows in case of an uptrend or lower highs and lower lows in case of a downtrend, the price starts acting between specific high price and low price. This is a clear signal that the market is ranging and no longer trending. See the illustration below: As you see in the example above, the market is trendless, it is trading between horizontal support and resistance, and you can’t apply the same techniques that you use in trending market to trade engulfing bar patterns in range bound markets. PAGE 165 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
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But ranging markets tend to move ho
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As you can see, the market is movin
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The pullback is another chance to j
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find a lot of noise, you can’t ev
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Time frames and top down analysis A
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try to find a way to follow them on
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The second information is the rejec
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Look at what happened next: As you
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from this level which indicates tha
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The example above shows that counte
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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 and 142: closes, or you wait for the market
Page 143 and 144: This is how professional traders tr
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: By connecting the extreme highs, we
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
Page 193 and 194: Banks and financial institutions kn
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Page 197 and 198: This setup can be considered as a c
Page 199 and 200: As illustrated above, big players h
Page 201 and 202: how to use it in a simple and effic
Page 203 and 204: Fibonacci tool can be used to trade
Page 205 and 206: But if the market is ranging, you h
Page 207 and 208: interesting about it, is that the r
Page 209 and 210: The second signal was an engulfing
Page 211 and 212: As you can see in the chart above,
Page 213 and 214: 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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