Price Action Trading (P.A.T.) is the discipline of making all of your trading decisions from a stripped down or “naked” price chart. This means no lagging indicators outside of maybe a couple moving averages to help identify dynamic support and resistance areas and trend.
Professional traders use tight stop loss while trading the channel support and resistance level. In general, they set their stop loss just above the “Price Action Confirmation Candlestick Pattern” .Setting the take profit level is a bit tricky in the advanced channel trading strategy. Follow Us: https://www.pinterest.com/investinforex/ Follow Us: http://followus.com/ForexBrokerReviews Follow Us: https://about.me/investinForex Follow Us: http://investmentforex.org
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