Double Paip Pivot Swing Forex Trading Strategy

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Double Paip Pivot Swing Forex Trading Strategy

Double Pipes, salah satu corak candlestick yang paling diabaikan, namun sangat kuat dengan sendirinya. Most traders have seen it. Many momentum traders might have even been consistently trading against it and have consistently lost to it. Tetapi apa yang ia benar-benar, and how do we make money out of it?

The Double Pipes Patterns

The double pipes patterns consist of two different patterns, the pipe tops and pipe bottoms. These patterns are basically reversal patterns, but what makes it peculiar compared to other reversal patterns is that it is a reversal of a strong momentum candle.

A typical momentum candle is a candle with a full body with little to no wick and is significantly larger than the preceding candles. Many momentum traders would immediately trade in the direction of the momentum candle and maybe rightly so.

Walau bagaimanapun, there are also several instances wherein right after a strong momentum candle is another strong momentum candle that totally goes against the prior momentum candle, wiping out most, if not all of the ground that price has moved in just one candle. This is what a double pipes pattern is.

Pipe tops are bearish reversal patterns with the first candlestick being a bullish momentum candle and the second candlestick being a bearish momentum candle. Pipe bottoms on the other hand are simply the inverse of pipe tops. Pipe bottoms are bullish reversal patterns having the first candlestick as a bearish momentum candle and a second candlestick as a bullish momentum candle.

Trading against these types of patterns is not a good idea. These patterns have momentum behind it, enough to reverse the prior momentum move. The chances of getting a reversal right after is quite high.

Pivot Points as an Area for False Breakouts

Pivot points are indicator-based supports and resistances that many traders look at. Because these are areas of supports and resistances, these areas are prime locations of reversal. Walau bagaimanapun, there are times when a momentum candle would pierce right through it. There are different ways to interpret it and position ourselves as a trader. Breakout traders would think of it as a breakout of a key area. But there are also instances when the breakout turns out to be false, also known as “fake-outs”.

If price does a fake-out on a pivot point, that is significant. This is because many breakout traders who have entered the trade prematurely would have their stop losses on the opposite side of the pivot point or level. As price squeezes them out and starts hitting those stop losses, price would gain momentum going to the other side.

Trading Strategy Concept

This strategy is about trading double pipes that signify a false breakout on significant pivot point levels. This means trading pipe bottoms on pivot point supports and pipe tops on pivot point resistances. Whenever we see such pattern taking shape, we place our trade setups accordingly.

Walau bagaimanapun, we will not be taking the trade on the candle close. We will be waiting for the breakout on the extremes of the double pipe patterns. If trading a pipe bottom, we will be placing a buy stop order at the high of the pattern. If trading a pipe top pattern, we will be placing a sell stop order at the low of the pattern. We then wait. If price hits our orders within two candles, then our trade setup is valid. If it doesn’t then price may be starting a range or could continue its previous direction.

Because these momentum candles are extremely long, we will not be using the highs or lows of the candle for our stop loss. sebaliknya, kita akan menggunakan 50% of the pattern as a basis for the stop loss. If price retraces back to the 50% and we get stopped out, that invalidates our trade setup.

petunjuk:

  • PivotMonthly

Tempoh masa: 4-hour chart only

Pasangan mata wang: mana-mana

Sesi Trading: mana-mana

Beli (Long) Persediaan perdagangan

Kemasukan

  • Price should be tagging either the pivot point (golden rod) or either of the three support levels, S1, S2 dan S3 (merah)
  • A pipe bottom pattern should take shape with candles that are significantly larger than the previous candles
  • Place a buy stop order at the high of the pattern

Stop Loss

  • Set the stop loss at the 50% of the pattern

Ambil Keuntungan

  • Ambil Keuntungan 1: Set at the next pivot point level that allows for more than 1:1 reward-risk ratio
  • Ambil Keuntungan 2: Set at the pivot point level after the take profit 1 target

Jual (Pendek) Persediaan perdagangan

Kemasukan

  • Price should be tagging either the pivot point (golden rod) or either of the three resistance levels, R1, R2 dan R3 (royal blue)
  • A pipe top pattern should take shape with candles that are significantly larger than the previous candles
  • Place a sell stop order at the low of the pattern

Stop Loss

  • Set the stop loss at the 50% of the pattern

Ambil Keuntungan

  • Ambil Keuntungan 1: Set at the next pivot point level that allows for more than 1:1 reward-risk ratio
  • Ambil Keuntungan 2: Set at the pivot point level after the take profit 1 target

kesimpulan

Pipe tops and pipe bottom patterns are commonly used in different trading instruments. It also occurs in different timeframes. Using it in tandem with the Monthly Pivot Points as a swing trading is even more powerful.

This trading strategy allows us to trade at a more than 1:1 reward-risk ratio with a significantly good probability of success.


Forex Trading Systems Arahan Pemasangan

Double Pipes Pivot Swing Forex Trading Strategy is a combination of Metatrader 4 (MT4) penunjuk(s) dan template.

Intipati sistem forex ini adalah untuk mengubah data sejarah yang terkumpul dan isyarat perdagangan.

Double Pipes Pivot Swing Forex Trading Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Berdasarkan maklumat ini, peniaga boleh menganggap pergerakan harga lagi dan menyesuaikan sistem ini dengan sewajarnya.

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panduan pembukaan akaun xm

Klik Di sini untuk Panduan Pembukaan Akaun Dagangan Langkah Demi Langkah XM

How to install Double Pipes Pivot Swing Forex Trading Strategy?

  • Download Double Pipes Pivot Swing Forex Trading Strategy.zip
  • Salin mq4 dan EX4 fail ke Direktori Metatrader anda / Pakar / Penunjuk /
  • Salin fail TPL (Template) untuk Direktori Metatrader anda / template /
  • Memulakan atau memulakan semula Pelanggan Metatrader anda
  • Pilih Carta dan Jangkamasa di mana anda mahu untuk menguji sistem forex anda
  • Klik kanan pada carta dagangan anda dan berlegar pada “Template”
  • Move right to select Double Pipes Pivot Swing Forex Trading Strategy
  • You will see Double Pipes Pivot Swing Forex Trading Strategy is available on your Chart

*Nota: Tidak semua strategi forex datang dengan mq4 fail / EX4. Beberapa template telah diintegrasikan dengan Petunjuk MT4 dari Platform MetaTrader.

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