The day must close in the upper 25% of the range of the day, it may even exceed the opening ea forex single op price. If the market continues moving downwards actively, renewing the low of the Hidden Smash Day – open a position to sell with a Stop Loss above the high of the Smash Day.
This is another interesting trading method that Williams found in the works of another famous trader Richard Wyckoff.
The method is based on a false breakout of a small flat formed in an up- or a downtrend. The execution principle resembles the Smash Day reversal pattern in a flat. The psychology of this approach is explained by the fact that the markets are moved by big money ready to lure an inattentive trader into a trap. When a flat is broken out, traders are agitated to enter the market hoping to make money on the forex simulator game apk further 10 best forex strategies pdf movement but this may be a trap.
Ea forex single op Trader’s multi-layered.
This moment can be used by large players to close their positions and play in the opposite direction. It appears in an uptrend when at single ea op the forex market high the price stabilizes in a small flat 5-10 days long. This is followed by a strong breakout upwards, and the day closes above the upper border of the flat. If after that the price goes down and in 1-5 days ea forex single op finds itself lower than the low of the breakout day – open a position to sell with a Stop Loss behind the high of the breakout day. It appears ea forex single op in a downtrend after the price forms a small flat during 5-10 days. Then the flat is broken out downwards, the day closes below the last lows. The pattern is triggered if right after the range is broken out, the price starts moving upwards single ea forex op and exceeds the high of the breakout ea forex single op day in 1-5 days. AT this level, open a position to buy with a Stop ea forex single op Loss below the local low. The trading methods by Larry Williams proved flex forex coupe 4/19 highly efficient as they helped him win the Robbins World ea forex single op Cup trading championship in 1987.
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