Things to look for when searching for high probability trades

Trading FX is about putting the odds in your favor...

What kinda things should we be looking when searching for high probability?


Here are a few.

1. High volume levels..
Fx volume is Unreliable as there isn't a central exchange.. so how would you find a high volume level.
NFP and Rate decisions Are heavily traded... Thus creating a high volume level.. example NFP HIGH/ LOW.
We know its high volume because its huge news!.. We don't even need a volume indicator on our charts to know this.

2. We know price ranges about 80% of the time and breaks out 20%. Its highly probable that its in a range.

3. Liquidty gaps.. Price spike up 40 pips in 10 mins.. We know this is basicly a gap, very thinly traded area... And price is likely to fill in this area at some point in the future.

4. Trending market.. continuation.. Even though Market only trends 20% of the time.. When we do get a trend condition it tends to continue.

i like it

guide me more

how you find this area?how you determine this points must reaction?

regard

how find this points?

You can also look at the volumes of the corresponding, closest futures contract (they're very reliable and very closely correlated).

Interesting read

this is all after action and past, all indicators are by product of price, price move first than they move. so one can't trade price with these lines. after using 100 of these indies finely my charts are only having price level.