What's one of the most searched PriceAction signs? (I want remember you that the 90% traders are losers)
The breakouts. It is easy! The price break and goes up. Yup, let us commerce and earn money.
But the reaility is another.
You simply can't know if the breakout is fake and you can't know how far it will go (if it will), because you can't forecast the future.
And at this point I think you're all concur with me.
Now, I strongly think that for be succesful you must exchange out of the box, we're not talking about what to do, but what not to do.
So, what if we simply exchange the breakouts... in reverse? You're crazy man! If price goes up and split. . Yes yes. Forget everything please.
Open all of JPY pairs in m5 with period separator and plot a flat line on the high/low of prior day; subsequently place 2 moving averages (EMA, 20 and 63)
Caution:
-openmind and humility required. The arrogants and naysayers will be immediately eliminated.
-If you don't have experience, you won't understand this. You must know Candles and Price Action like your birthday date
-Who will discuss EA's will be immediately eliminated. The most powerful EA is between your ears.