Such a trading strategy is used when the market is in the consolidation zone, that is, in a state of Flet. This is a fairly profitable and simple trade strategy, even newcomers can use it.
The main condition is that there should not be any impulses in the market or even more than trend. The market should be more or less lethargic, large volumes of transactions should not be made on it. That is, market prices should periodically rise up to the level of resistance, then go down to the level of support.
So, let's get down. It is necessary to build support and resistance levels on the graph. We considered how to build them in previous articles.
Now you need to install on the graphics the technical indicator "Fractals". Usually on the trading platform it is located in the Bill Williams indicators. However, on different trading floors there may be different locations of this indicator.
The indicator must be installed with standard settings. All is ready. Now you can start trade.
Support and resistance levels How does trade take place?
1. We evaluate the market state. As mentioned above, the financial market should be in the consolidation zone. It should be calm and rhythmic.
2. We track fractals. A fractal should form at the resistance level, and then the market movement should be directed down. As soon as market prices reached the level of support, and a new fractal has formed, you need to open an order for the purchase. Closing the transaction occurs when market prices reach the level of resistance.
The opening of the sale transaction occurs similarly in mirroring. After the fractal was formed at the support level, market prices rose to the top to the level of resistance and a new fractal formed there, you need to open the sale deal.
The main thing must be remembered: the first fractal formed is a signal, and the second formed fractal is already confirmation and entrance to the market.
If a fractal is formed at the resistance level, then it is necessary to wait for a second fractal at the support level and only then enter the market, in the direction, to the level of resistance, that is, to the purchase. Similarly, the warrant for sale is opened.
Be sure, before using this trading strategy, it needs to be tested and practice on a demonstration account. This is a very good, simple and profitable trading strategy. En ytterligare fördel med onlinecasinot är mobilapplikationen. Med applikationer kan du få och satsa bonusen som du fått utan insättning. Mobilcasinos bonus utan insättning omfattas av samma regler och villkor som erbjudandet kopplat till den officiella casinowebbplatsen https://www.eukasinon.com . Den spelare som får belöningen via mobilapplikation ska uppfylla alla krav för dess beräkning och satsning. Om belöningen är ansluten till webbplatsen, är det nödvändigt att satsa den i mobilapplikationen i den ordning som upprättats av annonskampanjen.