There are 3 Main ways to trade Consolidation Patterns.


1. Trading Within Consolidation between Support and Resistance;
2. Trading Breakouts;
3. Trading False Breakout Reversals;


Each of these scenarios can be profitable, but the keys to being able to trade them successfully comes down to identifying the right Trading Signals.

If you Swing Trade the markets using the Daily and 4 Hour Charts without Indicators, then it means trying to identify the correct Candlestick Signals and Patterns on these Time Frames that are best suited for each of those 3 situations.

There are times when we can see the start of a movement to break out from Consolidation that appears to have a strong enough signal, only to be surprised by a False Breakout Reversal that takes out the trade - (EURO USD see Video). This can be frustrating.

I have found that there are certain Candlestick Signals that should be traded and those that should be avoided in each of these scenarios. Once you´ve identified them and included them in your trading plan, you will have a lot more success.









Through this week, I will show you examples of how these Signals can lead to profitable trades and consistent gains-once done correctly.



Duane

"DaddyPapi"
الترجمة الى الانجليزية اظهار الاصلي