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#1 05-04-2016 13:47:42

johnedward
Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2437
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Price action trading strategy: trading false breaks

Trading false breaks with the Falsey



The Falsey candlestick structure Fakey is a potentially reliable short term (and sometimes long-term) indicator of the market's direction. A falsey is the false break of an inner candlestick.

The falsey indicates that institutional traders (banks and hedge funds) have hunted down the stop loss levels of small retail taders to get them out of their positions and create a price "vacuum" to reverse the market's trend. The falsey can also indicate... 

http://www.forex-central.net/img/strategies/falsey1.png
Arrow Trading false breaks with the Falsey
Arrow Other forex trading strategies


"Anything worth having is worth going for - all the way." - J.R. Ewing

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