thanks for watching
how to trde the faky breakout in the forex
false break out in the forex market one of the best setup staragey any trader can take to trade in the market '
a we can sure select a ton of case that this false break out happen frequently which make us have to know how we will be able to deal with this >>
lse-breaks happen all the time in the markets; they are a result of the ‘herd mentality’ that causes people to buy the top of a move or sell the bottom. As price action traders, we are in a unique position to take advantage of false-breaks and of the weak ‘herd mentality’ that so many amateur traders possess.
So what exactly is a false-break?I thought you’d never ask! Joking, I know you are probably thinking that right now, so here you go…
A false-break can be defined as a ‘deception’ by the market; a test of a level that results in a break of that level but the market then retracts and does not sustain itself above or below that level. In other words, the market does not close outside of the level being tested; rather it leaves behind a false-break of it. These false-breaks are huge pieces of evidence for impending market direction, and we need to learn to use them to our advantage instead of becoming their victim.
so we need confirmation signle before approve on this forex break out to be able to trade in the market
even in this in the uptrend or down trend
let me display with you thr types of this false break out
1. Classic Bull and Bear traps at key market levels
A bull or bar trap is typically a 1 to 4 bar pattern that is defined by a false-break of a key market level. These false-breaks occur after large directional moves and as a market approaches a key level. Most traders tend to think a level will break just because a market has approached it aggressively, they then buy or sell the breakout and then many times the market will ‘fake them out’ and form a bull or bear trap.
A bull trap forms after a move higher, the amateurs who were on the sidelines watching a recent strong move unfold cannot take the temptation anymore, and they jump in just above or at a key resistance level since they feel confident the market now has the momentum to break above it. The market then breaks slightly above the level and fills all breakout orders, and then falls lower as the big boys come in and push the market lower, leaving the amateurs ‘trapped’ in a losing long position.
the faky inside bar
consider the most powerful stregy to trade in the forex as i personally depend on this on my own account and it is make very good profit
he Fakey setup is one of my all-time favorite price action setups and learning to trade it will do a lot for helping you to understand market dynamics. Essentially, the Fakey is a price action pattern that requires there to be a false-break of an inside bar setup. So, once you have an inside bar setup, you can watch for a false-break of the inside bar and the mother bar. Now, I am not going to get into all the different versions of the fakey trading strategy today or the different ways to trade it, but you can
For price action trading RoninTrader
Price action trading
Can anyone tell if he has experience trading price action and consistently making profit ?
why don't you ask him directly?
Price action indicators (12 indicators) + templates
Unusual Volume Price Movement
Hello. Is this thread still active?
who knows ...
More than one timeframe share the same supports and resistances. Maybe what appears to be a false breakout of support and resistance in the small timeftame is a retest of support and resistance in big the timeftame since the bigger timeframe require bigger range to confirm the breakout.
For example in the current daily timeframe, the price has made a moderate reversal at the support 1.16. However, in the current 4 hour timeframe, the price has made a false breakout by its range and has made an actual reversal at the support 1.17.