Get Free Forex Trading Signals By Simple Abc Correction

Discussion in 'Forex - Currencies Forums' started by frees2020, Dec 8, 2018.

  1. frees2020

    frees2020 Active Member

    Joined:
    Sep 2018
    Posts:
    27
    Likes Received:
    0
    get free forex trading signals by Simple ABC Correction

    What should you look for when searching for measured moves?
    Here’s a list
    • Measured moves act as reversals of the prevailing price trend. For
    MMUs, look for a downtrend before the chart pattern begins.
    For measured move down , look for an uptrend preceding the pattern.

    • The first leg should be a straight-line run with little curve to it.

    • The corrective phase should be proportional to the first leg. Prices
    usually retrace 40% to 60% of the first leg move. Be suspect of
    larger retraces. Pair large first legs with large retraces; small first
    legs with small retraces. Avoid patterns that look like horizontal
    saw teeth—the retrace has gone too far.

    • The second leg should approximate the slope of the first leg, but allow variation.

    • Volume trends downward throughout the pattern.

    Simple ABC Correction Trading Tips and free forex signals

    Draw a trendline from A to C and extend it downward. When
    price closes above the trendline, buy.

    • For more aggressive traders, draw a trendline down from C and
    buy when price closes above it (see the dashed line in the figure).
    Also, a close above the intraday high at valley B works.

    • For more conservative investors, a close above C or even A is the
    buy signal.

    • Buy only if the market and industry are both trending upward, so
    the stock can make the most of upward momentum.

    • Be prepared for price to reverse at A—36% do, and prices drop,
    confirming a double top.

    The larger the corrective phase retrace, the better the chance of
    meeting the price target

    www.freeforex-signals.com


    free forex signals presents forex trading signals via SMS , Email and WhatsApp for Free
     
  2. Brentwood

    Brentwood Senior Investor

    Joined:
    May 2020
    Posts:
    227
    Likes Received:
    132
    The key is to understand how it really works and who is right to work with. I was losing funds to a broker and by the time i realised it, i had already lost $52000 which was over half of my savings. I met a friendly trader and she directed me to the recovery agent Mr Bart Kasch. He helped me recover all my money, every penny. Referred him to friends and colleagues already, you can contact him if you need help at [email protected]
     
    • Like Like x 1
  3. Linda Smith

    Linda Smith Senior Investor

    Joined:
    Dec 2019
    Posts:
    229
    Likes Received:
    2
    I think most of the traders fail because of their wrong choose of brokers. Though you have a lot of knowledge about forex, a wrong broker can put you in danger. I am trading from long time. I change many brokers im my trading life. At last I found TP Global FX. It is perfect for me because of their easy techniques of trading, low spread and dynamic leverage.
     
  4. Lisa Maria

    Lisa Maria Senior Investor

    Joined:
    Jan 2020
    Posts:
    96
    Likes Received:
    1
    Forex is a really profitable and famous business in the world. If you trade in the forex market with high forex knowledge you can easily earn a lot of profits. forex trading makes anyone comfortable if they trade in a proper way. I trade with Tpglobalfx. They are a very reliable broker. I got a very good experience by working with them. They are very supportive and helpful. They provide many good features to traders. They are one of the best brokers I have ever seen.
     

Share This Page