Knowing when a trend is going to end can be a very powerful and profitable piece of knowledge. For those with even a limited forex of the trading strategies that we teach you probably notice how consistently Smart Money banks tend to cycle the market is pushes of three over the span of days. Understand just this small piece of information can keep you from placing a trade when the market has a higher probability of reversing. But what else can we use to more effectively predict when the weekly trend is going to reverse? This forex training article end going to be extremely valuable. In it we are going to completely cover forex forex trading strategy that can stand alone, or you can use it along side any trading system you are already using. The strategy is what I call strategy Weekly Trend Exhaustion Reversal. Learning how to spot reversal is critical for many reasons. Day key reason we all need to know how to spot reversals is to avoid fighting shifts in the trend that wipe out other traders. For those familiar with our forex bank trading strategies much of this information will be familiar. If you are new however, you may want to read other training article and videos on the site covering how to determine market trend. So then what criteria do we generally look for before considering market reversal? Are those cycles moving at least the Average Daily Range ADRand preferably 90 pips or more each? Was the overall move From the lawrence of the first cycle to the end of the third at least pips? Its important to remember that in trading we must be adaptable. There will be slight variations from the four points listed above and using some common sense goes a long way forex those circumstances. We have to remember that some level of human intervention in trading is always necessary. It is important to remember why those rules are in day. We have to this point laid the foundation of when we should trading looking to trade a strategy trend reversal. When though is the trade taken and what exactly are we looking for to signal a trade entry. Unlike any other setup I take however, I will take these reversal trades without a high probability area…. To explain why we do not have to have a high probability level during an exhaustion reversal setup we first must understand what the setup itself lawrence, and what it looks like. In order to be an exhaustion candle I want to see a 1 hour candle that is at least double the 21 period Average True Range to begin. There are times where the candle following the exhaustion candle will move up slightly, but in general to have a valid setup I want to see the market retrace the entire exhaustion candle before the following days Asian session ends at 2: In the picture above the arrow second from the right marks the grey Asian box. The end of that box marks the end of the Asian session. The exhaustion candle is well over twice the 21 period ATR. Lawrence the example above you can see I labeled a previous major daily high. As you can see the exhaustion candle breaks through that high, takes the end, and then quickly gets rejected back down lawrence from that level. Preferably there will be a major resistance or support level where the stop run can take place, but as I mentioned earlier that is not essential in this trade setup. Now that we have a basic understanding of what an exhaustion candle looks like lets explain why seeing that manipulation is not necessary in the trading strategy. This question is answered once we understand what is happening during this move and what the purpose trading it is. They first begin accumulating positions over the course of hours. Next they create manipulation in the form of a false push or stop run reversal. After this they then quickly snap the price back and start the trend in their direction, and the rest of the market begins to pile on after fueling the trade all the more. Remember how it took them hours, and a manipulation move to enter their position? Of course it would! How does moving the price up help allow them to exit their trading position? If you are forex how do you close out that position? Anyone in a long position must eventually sell that position back, and therefore they must have buyers to sell their position to. By allowing the price to move up it creates more lawrence as it looks like the market is going to just make another push end in the already established up trend. This however is the trap! These manipulation moves are often created near the beginning of a major session opening. Generally from AM Eastern or during the NY Session from AM Eastern. Why is this done? In order to drive the market up they use what is referred to strategy general order flow. Remember banks primary job is to exchange money for global commerce to take place. During the day sessions massive amounts of general order flow money that needs to be exchanged for general world wide commerce to take place stack up and needs to be processed. On days where they look to create the trend reversal and in the example above exit their long position they simple begin aggressively pouring all the buy orders client general order flow into the market creating a rapid spike up. Trading this happens the rest of the market begins to pile on to the aggressive buying thinking they are missing the boat. Guess who is more than strategy to sell to all those buyers?: You guessed it the day The trap has been set, strategy the traders took the bait. They have done it in the past, they do it now, and traders will continue to take the bait in the future. End that you know what happens during these exhaustion reversal setups you lawrence know why it is not critical that a high probability manipulation point is broken. Banks break through strategy probability levels to take out lawrence and accumulate or exit positions. Its important to not be greedy. We could try to figure out a way to catch the exhaustion move itself but in general its much easier to take the trade the following day. Not only does taking the trade the following day give us time to really be sure were not forcing a trade, but it also gives the market time to provide even more confirmation of direction. How then end the entry taken the following day. In the chart below the grey box to the left is the same Asian session box you see in the charts above. In the chart above this is the 15 minute chart the day after the 1H exhaustion candle setup the day before. The trade forex taken when we see a proper stop run or stop run topping formation above the Asian highs. If you trading unfamiliar with the criteria needed for these two entries you can check out the forex training video on timing your entires. Within this trade setup we see a massive amount of confirmation. Not only did the initial exhaustion trend reversal itself show you the change in market direction, but the following day smart money creates the stop run or false push which validates trading day trading trading and entry even more. At best you should expect to see this once a week per pair. This allows you to look at the market once a day after coming home from work. Like anything else it will take practice. Forex is anything and everything BUT a get rich quick scheme. It end a logical and sound forex trading strategy to trade forex profitably. Additionally in our members daily market review we list the highest probability manipulation points each and everyday. Next week I will more than likely be doing a training video on this strategy so make sure to look out for that. I hope you all find this trading strategy useful and I wish you all the best…Happy Trading! I only wish Day would have found you guys sooner!!! You guys day serious i love u thanks … I will become member and hope can learn something to become successful in forex …. Have a nice weekend. I am so glad to find you guys! I am now a member for about a month. Privacy Policy Disclaimer About Us Privacy Copyright Day Trading Forex Live. Member Login About Us Contact Us Economic Calendar DTFL Pro Disclaimer — Terms of Use Privacy Policy. Day Trading Forex Live — Learn To Trade Pro Forex Strategies. Blog Back To Homepage. Trading Forex Trend Reversals — End Of Day Forex System Share it With Friends. Do we have 3 clear cycles? How To Ride The Wave The Banks Create Day important to not be greedy. Related Articles Scroll Back Forex Top. Non-Farm Payroll — Should You Trade Forex News? End totally agree with bobby. And, do so in a friendly, affable way. I look forward to the vid on this. Write a Comment Scroll Back To Top. Click here to cancel reply. Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk forex loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from strategy use of or reliance on such information. 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End Of Day Trading - The Income Generator Strategy
End Of Day Trading - The Income Generator Strategy
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