Bar Action - page 2
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Will it work!
Little explaination.
Rgds,
SFX
one more
Here is another trade idea.
action bar
how it works.
rgds,
sfx
Here is another trade idea.
I like that.
What is bar action?
Bar action is reversal of trend. It gives for sure some pips, based on intensity of its action. The action bar breaks the previous daily range (some times current session range) and next bar comes back with more voilatility.
My thinking process behind this trading strategy is very simple.
Big players most of the time surprise the market by reversing it against the big trend to eat up small trader stop losses those who enter late or they reverse it for real or some time the square their positions due to uncertinity.
When market is ranging then it is more effective as most of the traders put stop loss below the range so they eat it up first and then start trending or even ranging again.
This is what i feel about big players.
Rgds,
SFX
More then three forth (3/4) of the time if action bar reversal touches middle line of BB it is not going back towards stop loss.
In given picture short took place at middle of BB. It is more then 3/4 chance that it will not go back (up) again. Therefore i have confidence that action bar trade will give pips for sure. I am thinking about to have a request for an ea.
Regards,
SFX