In this example I want to discuss is that of a price action signal that fires off without you on board.
Let’s take a pin bar signal for example, suppose it starts moving without you on board right after it closes out,
you look at it and think you missed it. There is a much better option than jumping in late and chasing the market or not trading at all…
Wait for a pullback. Wait for price to pull back or rotate to a moving average or horizontal level of support or resistance in the market, then look to enter there. So, if we had a bullish pin bar signal for example, as long as price is above the low of the pin bar, it’s still valid and so any retraces back towards that pin bar can be viewed as potential entry opportunities. We especially want to look for pull backs to levels, such as moving averages or a support level in the case of a bullish pin bar.
If you want to learn how to trade the market the right way, i highly recommend you purchase your copy of the candlestick trading bible while it is still available.the ebook is 168 pages, and it covers my price action trading strategies that i use to trade the market.the strategies are easy, simple and very profitable. to get your copy , click on the link in bio or send me a private message.
This is an other example that shows how you can trade trending markets using only candlestick patterns in combination with the 8 and 21 simple moving average. the moving averages act as dynamic resistance levels in downtrend markets.
here in this example, when price approches the 8 simple moving average, the market fomrs an inside bar, and the breakout of the inside bar is a good opportunity to join the downtrend.
If you want to learn more about this trading strategies, i highly recommend you to get your copy of the candlestick trading ebook. check out the link in my bio if you want to learn more .