Nov 13, · Railroad Tracks Forex Swing Trading StrategyTable of Contents1 Railroad Tracks Forex Swing Trading Strategy Trading Rules Buy Entry Sell Entry: This is a swing trading strategy that is comprehensive and easy to execute. Look for a candlestick that has almost the same lengths. They look like parallel railway tracks. If the first candlestick is bearish [ ]Estimated Reading Time: 2 mins May 09, · Railway Trigger Forex Trading Strategy. If the railway tracks price action pattern forms following to a bullish trend in the market, it is an indication of a possible price reversal i.e. a trigger to go short on the currency of interest. Notice that the railway tracks price action pattern for a bearish signal is dependent on candle 1 & 2 as Estimated Reading Time: 2 mins The railway tracks pattern forex trading strategy is another price action trading strategy that is based on analyzing the lengths of two candlesticks of similar lengths and one of the candlestick must be bullish and the other one is bearish.. When you see them together they look like railways tracks and thus the name There are two types of railway track pattern: bullish and blogger.comted Reading Time: 3 mins
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The Railway Tracks Chart Pattern Forex Trading Strategy is another trading strategy entirely based on price action trading. If you love price action trading, I believe this is a good forex trading strategy you can try out and see how it works for you, forex railroad tracks. What happen here was that those traders who enter SHORT forming the long bearish candle realized that they are in the wrong side of the market and they immediately exit their trades and then get into the opposite side of the market causing the formation of the long bullish candle.
Well: the railroad tracks pattern is made up of only two candlesticks they must be of of almost the same lengths and they look like parallel railway tracks, forex railroad tracks. See forex chart below with the 2 candlesticks highlighted in blue. if the first candlestick is bullish, the 2nd candlestick will be bearish and vice versa. This is a sudden change in market sentiment…Why do you think caused this to happen?
If you are in an uptrend, the situation will be opposite to forex railroad tracks you is happening above. RAILWAY TRACKS PATTERN FOREX TRADING STRATEGY RULES Refer to the chart above. Buying Rules: After a forex railroad tracks railway track pattern forms, place a buy stop anywhere from pips above the high of the pattern.
Place your stop loss anywhere from pips below the low of the pattern. Set your take profit to 3 times what you risked if you risked 20pips then you should aim for 60pips profit target.
Or another option is to trail stop your trades. Selling Rules: After a bearish railway track candlestick pattern forms, forex railroad tracks, place a sell stop order anywhere from pips below the low of the the pattern. Place your stop loss anywhere from pips above the high of the pattern.
Set your take profit target to 3 times what you risked or you can also you trailing stop to lock in profits as trades move into profit. which means, you should be looking for the railway tracks pattern in support and resistance levels, touch of trendlines, major Fibonacci levels etc.
If you see this formation when the market is forex railroad tracks sideways, forex railroad tracks, you should ignore it as it does not have any value. RELATED Daily Pin Bar Forex Trading Strategy Using A Low Risk Entry Trading Technique.
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EPISODE 225 :Forex RailRoad Tracks Trade Setup Strategies-Best Candlestick Patterns
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Nov 13, · Railroad Tracks Forex Swing Trading StrategyTable of Contents1 Railroad Tracks Forex Swing Trading Strategy Trading Rules Buy Entry Sell Entry: This is a swing trading strategy that is comprehensive and easy to execute. Look for a candlestick that has almost the same lengths. They look like parallel railway tracks. If the first candlestick is bearish [ ]Estimated Reading Time: 2 mins May 09, · Railway Trigger Forex Trading Strategy. If the railway tracks price action pattern forms following to a bullish trend in the market, it is an indication of a possible price reversal i.e. a trigger to go short on the currency of interest. Notice that the railway tracks price action pattern for a bearish signal is dependent on candle 1 & 2 as Estimated Reading Time: 2 mins Apr 18, · Today I'm super excited to bring you a Railroad Track trade set up! This is a great trade set up and I will show you how to identify it in live market condit
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