Here, we explore the concept of tracking Forex price action charts and get huge FX gains with an easy and proven method. If you use the closed-end FX strategy, you will see a lot of trends and gains, so give us more details.
If you look at any currency pair chart, you will see great trends that last for weeks, and these trends can give you fantastic achievements if you know how to incorporate them. The good news is that all major trends start in the same way and continue to do so – they break down the resistance and then move upward and this is called a fracture. If you sell breakdowns, you will have a simple and powerful method that follows with price action and you can get into the big trends.
Of course, whenever there is no resistance, a new trend will develop and many will not be able to follow. To make a profit, you need to know what breaks are the best options – before entering your business signal.
The best breaks are those that happen after trying out at some level and becoming important to other traders. If tested at some level, traders want to have short resistance and want to stay behind. The more levels you try, the more stops you encounter behind the resistance. When the break occurs, these stops are activated and the price moves away from the break point, a new technical purchase comes that moves the price further away from the break point and creates a new trend.
In terms of the number of tests before the break, I like about 4-6, and ideally I want these 2 tests to be at least a month. The break is even better if most people think the currency should go the other way. The reason for these delays is that it's easy – most traders always lose money, and there are likely to be plenty of opportunities to stop them, as they provide resistance and pull these losers out of the market.
With the simple method above, you'll be making money and getting into big trends, helping you earn twice a week trading and triple figures. If you want to succeed in currency trading, there is no better method than trading a break.