Md. Shah Emran / Profile

I have been trading in Forex market about 3 Years. I usually trade manually. I follow Chart Pattern & candle stick Pattern. I like to Sewing trade Price Action and some time scalping of a pair.
I strictly follow money management with 5% risk level.

I enjoy Forex very much.

Best wishes.

Candlesticks: The most popular method of viewing currency charts as traders can very quickly get a lot of information about the currency pair, including highs, lows, open and close prices. Generally candlesticks are two colors with one color meaning it is a bullish candlestick (close price is above its open price) and the other color a bearish candlestick (close price is below its open price).

If you think about what a candlestick is – the visual representation of where hundreds or even millions of traders think the currency pair is headed – entire trading systems have been developed that study the meanings of various candlestick patterns and what they mean for forecasting the direction of markets. Candlestick signals are used by traders to predict price movement, entry/exit points, trend reversals and more.

Consolidation pattern: Certain chart patterns (examples are the pennant, the flag and the broadening formations) that indicate a market is consolidating its position. Consolidation periods are thought to indicate periods of indecision among traders for the direction of a pair as traders take profit more often on shorter ranges. Consolidation patterns are important to recognize because frequently a pair can explosively leave a pattern, leading to solid profits for the well-positioned trader with good money management.

channel:Two parallel lines on a chart that contain current price action. The channel top should connect at least two highs on the currency charts and the channel bottom should connect at least two lows on the charts. Channel tops are used as resistance (areas where a bearish reversal might take place) and channel bottoms are used as support (areas where a bullish reversal might take place) by traders. Generally speaking the larger the time frame the more reliable channel support/resistance are. Also it is generally considered less-risky to trade in the direction of the overall trend of a channel (so if overall trend is bullish you would only look for buying opportunities at channel bottom and ignore channel tops).

Long Squeeze: A “long squeeze” is a bearish scenario where a high percentage of traders are long in a currency pair when the market begins to move against them.

Since most traders use stop-loss entry orders to limit losses or will close out positions if they move against them too much long squeezes can accelerate as stops are tripped to cover losses. Also since most of the traders are already long their buying power may be limited as the pair moves against them, further accelerating the bearish move. For example, lets say 80% of speculative traders are long the EUR/USD pair. If the pair starts moving downward on heavy bank selling then two things happen: a) traders are unable to buy further as they are already long, and b) as their stop-loss orders get tripped the pair will accelerate downward.

Short Squeeze: A “short-squeeze” is a bullish scenario where a high percentage of traders are short in a currency pair when the market begins to move against them (by rising).

Since most traders use stop-loss entry orders to limit losses or will close out positions if they move against them too much short squeezes can accelerate as stops are tripped to cover losses. Also since most of the traders are already short their selling power may be limited as the pair moves against them, further accelerating the bullish move. For example, lets say 80% of speculative traders are short the AUD/USD pair. If the pair starts moving upward on heavy bank buying then two things happen: a) traders are unable to sell further as they are already short, and b) as their stop-loss orders get tripped the pair will accelerate upward.


https://www.mql5.com/en/signals/39732