Forex Strategy: ST Patterns Trading Manual, Chart Analysis Step by Step, 300% for One Month by Vladimir Poltoratskiy

Author:Vladimir Poltoratskiy
Language: eng
Format: epub
Tags: futures trading, forex strategy, day trading strategies, forex trading strategies, trading online, forex for beginners, trading method, best trading strategy, forex trading method, indices trading

Figure 23: EUR/USD for the period from April 28 to May 3, 2017

May 1 is a holiday in many countries. Thus, there is low liquidity in the market. We have an open position on April 28 and a Stop Loss Order set to breakeven level at the moment of reaching the price of 210%. The ST False Stairs Pattern is formed in the market with low liquidity.

May 2: There is a breakthrough of Corridor № 11 down. The position opened on April 28 closes at the level of 1.08972 with a result of + 7% of the trading account amount. At the same price, the Sell Limit opens, which, after the appearance of the ST Reverse Movement Pattern, brings a loss of -10%.

May 3: The ST Direct Movement Pattern, shown in Figure 24, completes the formation of the ST Counter Movement with Direct Movement Pattern, which was shown in Figure 21.

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