Here we will look at the concept of the following Forex charting action and making huge FX gains with a simple and proven method. If you use the closed FX strategy, you will get every major trend and profit like this – let's take a look at it in more detail.
If you look at a chart of any currency pair you will see big trends that last weeks at the end and these trends can give you fantastic gains if you know how to import them. The good news is that high voltages start and continue in the same way – They break the resistance of the air resistance and then move higher and this is called unblocking. If you are trading breakouts, you will have a simple and powerful method that simply follows the price action and takes you to all the major trends.
Of course, not every break of resistance will see a new tendency to develop and many will fail to follow. To make a profit, you need to know which breaks offer you the best returns – before you enter your trademark.
The best breaks are those that occur after a level that has been tested at times and becomes important to other traders. If a level has been tried several times, traders will want to resist and stop back. The more times the level is tested, the more stops are concentrated just behind the resistance. When the break occurs, these stops are triggered and push the price away from the break point, then new technical markets come in that push the price further away from the break point and a new trend is created.
In terms of pre-break test numbers, I like about 4-6 and, ideally, I want 2 of these testes to be at least a month away. The break when it comes is even better, if most believe that the currency should go in the opposite direction. The reason why breaks are better is simple – the vast majority of traders always lose money and there are likely to be many stops to hit as resistance is removed from the market.
The simple method above will make you money and not only get you into all the big trends, it will allow you to only trade a few times a week and earn triple digits. If you want to succeed in currency trading, there is no better method than unblocking trading.