Printable View
Now I discuss about a very effective trading strategy "Head & Shoulders " . Attachment 13479
It is a unique price action trading strategy . The Head means summit of some candle sticks and Shoulder means some candle stick both side of Head .When the phenomenon of left shoulder and right shoulder dobul top creat then you can open a sell order the second top of right shoulder.
This was a old Daily chart of EUR VS USD ,The Head & Shoulder still running .I had got some profit from this pattern also.
Head and shoulder is really a good pattern in the market but it forms very rarely in the market. Mostly it forms the best in the daily chart and in my opinion you will only get 2 to 3 signals per month if you trade with head and shoulder on D1 and the lower time frames wont give you enough accuracy to stay on the edge of the market. So it is better that you dont trade with it and also if you want to add something more to it.
i like that but its not clear enough. and i want to know the time frame best for this strategy am a scalper and a short time trader.should i apply this strategy or not?
donpat007
No it is suitable for day trader ,you can follow H4 and D time fram for this strategy .
Head & Sholder trading strategy is totally new for me and i have heard about this trading strategy first time and dear friends your terms are very technical and can not easily understandable for the newbies but i feel that its best for the expert traders
head and shoulder sabse jyada worldwide use hone wali reversal strategy hai sur isme stops aur isme profit aur stops calculate karna sabse asaan hota hai magar iske liye bahut se factor use karne padte hainaur checklist banani padti hai jaise fibonacci, trendline, support and resistance aur candlesticks pattern aur iska backtest har timeframe par zaroor hona chahiye.
api strategy mjhay kafi achi lagi hai aur mjhay pasand ae hai ab mera kam ye hai k me is ko seekho aur samjho aur is pay is tarha ay work karo k mera kam asan say asan ho jae jiss ki madad say or zyada profit earn karnay ka moka mile or me dosron ko b yehi kaho ga k kabhi b dil bardashta na ho bus dhyan say he work karty chalay jae.
It is good strategy for whom they like Long time trade. Plan for a long time. Specially for 1 or 2 day. They Can choose it. Also For Time frame 4. Not a bad strategy. But it is not good for beginner. And who are not expert in this market
head and shoulder ko kaafi achha technical setup maana jaata hai aur esko trader agar apni trading me use karta hai to fir wo achha kar sakta hai,yahan aise patterm par dhyaan dena chahiye aur jisse fir trader ko kaafi pips miljaata hai..
hmmm ...... I like very nice this.this is strategy good for GBP USD because more valid, and if there is at the very nice.if there are in dayli we can to profit a lot and low risk.i like it