Profit is on the other side of your mind
The $20 Dollars a Day Methodology using Nadex products 50 replies
Disliked{quote} Hi Mikajep, Do you mostly use Blaze range or DD+ez and you r doing good with it. I can see most of you picks r from Blaze range. Could you also enumerate PA stratergy.Ignored
Disliked{quote} Thanks . If possible could you further explain PA stratergy on image showing the areas.Ignored
Dislikedexample, this EURPY range, it looks like its about to break to the upside (bullish BO). But as i read the bars are weak and having difficulty to go up. Most of the time, this will be a false breakout. So i will not buy this even if the breakout turns out to be successful. {image}Ignored
Disliked{quote} A bit subjective if i explain since i analyze bar closes, rejections etc. you can go to Babypips to check some PA. On blaze range, i bet if the range breakout will be successful by reading the bars inside the range. Strong evidence that the breakout will be successful, i enter the trade. If you don't read bars, you can try indicators like RSI & ADX to confirm momentum. the downside...these indicators can not read market patterns, only calculate base on prices. (so it's ideally used for confirmation)Ignored
Disliked{quote} and it did turn out to be a false breakout. So this is how i analyze PA alongside with FQ tools and indicators {image} Hope it helps Amol, MikaIgnored
Disliked{quote} every indictor should be traded with discretion. You need to find which will better work for you if you follow everything blindly, you will lose money {quote} nice analysis as always. keep it upIgnored