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My simple strategy for trading options intraday

My simple strategy for trading options intraday

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Take a look at this bullish trend (yellow highlight), it is a strong trend, there are several bullish candles heading towards an area of resistance. The big bullish candles tell us that during the highlighted period buyers were in complete control of price.

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In fact, for years Forex trading strategy focussed on reversals only. However, these days I trade more price action setups.

My Simple Strategy for Trading Options Intraday

Many people do not have access to the 6, 8 and 67 hour time frames because their broker doesn 8767 t support it.

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Once you understand this, one glance at a chart will tell you who 8767 s in control of price (bulls or bears) and if you should buy or sell.

However, an indecision candle does not indicate that price will reverse with any degree of certainty.

8775 Who is in control of price?” and your answer is 8775 buyers”, well perhaps selling is not a great idea.

Use basic pairs EUR/USD, USD/CHF
Always place a stop loss with a not less than 6:6 gain ratio
Use the bankers breakout, boiler band strategy and review 6day and the 85Min charts

Every Monday I do weekly analysis using my price action strategy. You can check it out on my YouTube channel.

Well the standard approach to candlestick analysis is basic pattern recognition, which fails to work in real trading.

Large Upper Wick (Blue Highlight)
A large upper wick shows that buyers tried to continue the bullish trend but failed. Sellers took control of price and pushed it down.

And what do they need to make sure they don’t get lost? A strategy, of course, which some may also call a roadmap.

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