THAT BULL CANDLE SIGNAL YOU ARE ABOUT TO TRADE COULD BE A DANGEROUS MARKET TRAP!



As strong as some Bullish or Bearish Candlestick Signals may be, they can easily lead to unexpected losses and stressful situations for traders if they are traded in the wrong scenario...









THE RIGHT VERSUS WRONG TRADE SCENARIOS




When it comes to trading within Consolidations, making this distinction is a very common challenge.



While Consolidations are being formed, we can trade the Bullish and Bearish Waves that the market provides during this process. However, we have to know the Appropriate Signals that can be traded for the TYPE and  SIZE of the Consolidation being formed. Otherwise a signal that worked for you in a previous situation may lead to losses the next time you trade it.






DOUBLE BOTTOMS & ABC SIGNALS



An example of this is the case of the Double Bottoms and ABC Signal that are now seen on the 4H Chart on the EURO NZD. In the video below, I  explain why these signals may not lead to a Bullish Movement that can be traded. Even if it does, it can be a volatile movement that is difficult to trade.







Ever faced this scenario where a Signal you traded successfully one day suddenly leads to losses next time you traded it?


Learn to spot and avoid these common market traps today!




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Your Mentor



Duane Shepherd
(M.Sc. Economics, B.Sc. Management and Economics)
Currency Analyst/Trader
shepherdduane@gmail.com /(876)-3825648
Twitter: @WorldWide876
Facebook: DRFXTRADING

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Comments

  1. This forex suggestion on currency market gives a better solution for the better services in the market.

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  2. commodities are basic goods that are exchangeable with other commodities of the same type. Traded commodities range from agricultural, livestock and energy to precious metals and industrial metals.

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