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Nakedchartanalysis

Naked chart analysis (Trading based on Price Action)Trading based on Price Action You do not need any indicators to see trading setups You are going back to the basics, almost all indicators are based on Price Action, why not just learn to read the Price Action yourself? Every major trend is going to have one thing in common A series of higher high and higher lows, or a series of lower highs and lower lows. Once you understand how to identify these trend patterns and the overall direction of a market, you can catch a move and stay in for a much larger trending move You can apply this type of setup to intraday and end of day trades. If you are having a hard time finding the trends, take a step back and look at the major turning points, are they going up or are they going down A lot of times traders get caught up in the noise of the markets and lose focus, but the market is always going to tell you where it is heading Do not worry about finding the top or the bottom, we are going for the middle 80%.. That is where the money is at Once you enter into this type of trend following trade. You manage stops by trailing them just behind the highest high or lowest low This will guarantee you stay in trade as long as the trend continues your direction If a previous high /low is broken, the the market is entering consolidation or reversing
COINBASE:ETHUSDShort
by TaherJalili
XAUUSD : CORRECTIVE TRADE PLANHi trader.. Last week price manage to break retest area and continue downwards and tested 1668.92 support. For long term (WEEKLY & MONTHLY) still UPTREND and DAILY in CORRECTIVE TREND unless break out 1751.62 i will look for long position. so this week i will look for more short position then a long position.. all details r in the chart... lastweek trade RISK DISCLAIMER : All forms of trading carry a high level of risk so you should only speculate with money you can afford to lose im not responsible for any losses incurred as a result of using any of my trading strategies and content on this analysis is subject to change at any time without notice
FX_IDC:XAUUSDShort
by UnknownUnicorn375943
EUR AUD Trading idea EUR with recent strong moves from EUR showing strength I expect price to bounce back from the most this bearish move seen today (1/6/2020). Price is expected to go up to the open of close of the most recent bullish daily candle to balance out the imbalance of price action, then head to the downside following the overall bearish trend. entry, take profit and SL point are on the chart attached. Risk management as alway. If you want know how I came to this trading idea , get in touch.
Short
by MuddassarH