I received a comment from a reader who has taken the time to not only read the trading strategies information but also implement it. That’s how you plant the seeds of success!
Hello, i just want to say firstly that you are greatly appreciated and everything you’ve done is top class.
I’ve gone through the confluence and price action article you did and was blown away. It’s been something i’ve heard a few times here and there but you took it to a whole new level and opened my eyes.
I have an example i would like to share i don;t know how i can upload a screenshot but it’s on EURUSD 1HR time frame. At 1.12014 price met a confluence zone of a fib level 0.618 and a trend line hit.
On the same pair in the 4hr time frame you can see a more juicier set up. At 1.11670 price met a confluence zone of fib level 0.618 + trend line hit and Pin bar following an engulfing pattern to confirm an eventual 100 pip move.
Please let me know how i’ve done. Im feeling very confident.
One of the vital pieces of information is that this person has actually put the writings to work. When it comes to trading confluence, there are many ways to approach them and this trader used:
Fibonacci levels – not an edge in themselves but a great tool to help frame price
Standard technicals – trend lines and support/resistance lines while subjective, are a valid trading tool. Consistency in approach is key.
Price action and candlestick patterns – In certain contexts, these are vital attributes to any trading method
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