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Posted

am trading commodity futures ,with my little experiance, i usually search for (peter bain's) railway tracks candle pattern (tweezers) its work for me,with a winning ratio nearly -60-75%,

 

after conforming this pattern i will be sure where it found (support /resistance) before pulling my trigger.

 

some one can share your experiance, it will be more helpfull ,

  • 5 weeks later...
Posted

Hi trduraikamaraj, You can go for price touching trendlines/channels at the area than check for confluence of

1. market sentiment reflected by candlesticks means right at a point look for dojis/pinbars/insidedays

2. if the area is falling under fibonnaci projection/ retracement , Hmmm.. something is in store for us,

3. and definitely see from the concept of Reversal magic, that's very good !

 

and soon as price has broken the channel, with 1 or 2 confirmation candles we pull the trigger for a new trade in a new direction

  • 1 month later...
  • 1 month later...
Posted
Check out Sam Seiden on fxstreet or just google it. You'll find free videos which I believe are very good for support resistance and other topics. Problem as with anything it might look simple although not so simple to execute.

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