The Theory of Everything: In Forex
- Thread starter carmin
- Start date
Tweezer tops and bottoms
Hello Everyone
Now I would like to introduce you to one of the most common patterns in forex market i.e Tweezers. Time after time you will keep noticing them and keep making big profits.
Key Points:
1) These patterns have same high or the same low(same high in case of tweezer tops and same lows in case of tweezer bottom).
2) These are mostly formed at good pivot zones and can earn a profit of upto 400-500 $ for a standard sized account.
3) They should be bought at retrace to minimize stop loss and increase profits.
4) Tweezer top can identify continuation in a downtrend and tweezer bottom can signify continuation in an uptrend.
This is all what you need to know as a beginner. Rest advanced we will discuss in details later.
Regards
Carmin
Hello Everyone
Now I would like to introduce you to one of the most common patterns in forex market i.e Tweezers. Time after time you will keep noticing them and keep making big profits.
Key Points:
1) These patterns have same high or the same low(same high in case of tweezer tops and same lows in case of tweezer bottom).
2) These are mostly formed at good pivot zones and can earn a profit of upto 400-500 $ for a standard sized account.
3) They should be bought at retrace to minimize stop loss and increase profits.
4) Tweezer top can identify continuation in a downtrend and tweezer bottom can signify continuation in an uptrend.
This is all what you need to know as a beginner. Rest advanced we will discuss in details later.
Regards
Carmin
Attachments
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
| A | replacement cost theory | Equities | 1 | |
| D | [WEBINAR] Implied Volatility: From Theory to Practice | Options | 1 | |
| S | can u make elliott wave theory simplified | Technical Analysis | 2 | |
|
Decision making while trading- theory. | Trading Psychology | 5 | |
| Z | Dow theory - The market discount everything | Technical Analysis | 0 |