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?
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?
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Now I discuss about a very effective trading strategy "Head & Shoulders " .
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.
Last edited by forexxxx; 2015-12-23 at 08:37 AM.
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asi (2016-10-25), khan Muhammad (2016-10-25), mazprofx (2015-12-22)
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