Identifying Bank Manipulation & Forex Day Trading Strategy | Forex
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More info on the Forex Bank Trading Strategy: http://www.daytradingforexlive.com/day-trading-forex-education-course/ This forex training video walks through the confirming entry. The confirming entry has been a powerful tool we have used for years and continues to stand the test of time. Overall the best way to identify what the banks are doing is to wait for the market to reach our pre-selected 'high probability point's' and see if the stops are then taken. If we see the manipulation around these points we have a very good indication for when the banks may be entering the forex market and thus we can trade accordingly. The confirming entry is one of the tools that we use to validate the entry or invalidate it. In general there is a compromise between forex trading strategies that take a great deal of time to confirm vs. those that confirm quickly. Each tends to have its own weakness, but this is where the confirming day trading entry strategy shines. Overall it tends to produce a trade signal fast enough so as to not miss many trades, while not so fast that it produces many false trading entry signals. I hope this video helps....happy trading! -Sterling
Comments
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Hi Sterling, Thank you for these videos. I'm more than likely going to do your bank trading course as soon as I raise funds. I've got an aggressive flat lease holder demanding large sums so it will be after I've cleared those monies...but that is by the by....My question is the timeframe the entry is taken on is key I would guess - however does the 1, 2 and 3 confirmation candles have to be immediately sequential or could they comprise a take out of the stop candle (1) followed by various intermediate candles followed eventually by a lower close candle (2) with a retrace to Candle 1 across a number of candles to get you within candle (3) entry?
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Hi so I've been watching some of your videos and find them really helpful however I have a question and I'm sure you've mentioned it and I must have just missed it.
I wanted to know how or where you get your "manipulation point" or "high probability point" from? Is it sometimes the previous days' high/low points?
Thanks :) -
how do you know 5 banks control 58% of the volume - nobody knows that - smart money management and trade sizing beat every other strategy - entries the least important aspect of trading
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thanks for the great video.. which tf do u think will be best for using this strategy? is it 15 mins or higher?
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Thank u DTFL for sharing. I believe u r one of those sincere soul whom really share his knowledge.
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Good day sir, Do you still teach forex
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Nice video
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The only strat i use are MACD S&R woth TRENDS HARAMI which looks simalar to this video explanation KANGROO TAIL and FADING the TREND after a news cast
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Its funny. I do not like ANY strategy that requires I "sign up", or buy anything. Haha. It's ok. I'm an odd bird. I do well trading, AND i have nothing to sell! hahaha
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cont....would simply be taking the entry on a % pullback of the stop run candle. If you wait for the confirmation on the daily chart more often then not the market will run off without you. Hope this helps. -Sterling
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Yes manipulation is seen on the daily charts. Take a look at the Pound on January 2nd 2013. This is just one example that comes to mind but there are many. We have a few members who prefer to trade off of the daily chart. Either way I think the learning process is the same....that is someone needs to understand how to pick high probability points and then have a way of validating the entry. The entry I teach in this video does is not what I would recommend for the daily chart. With the daily I..
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Can this principle be adapted to trading daily candles?
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I addressed that in the comment below your first. Thanks again. -Sterling
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Your right there two spots where the candle color is changed. With that being said once you understand the point of the confirming entry it does not change the validity of the setup. The confirming candle has two goals (short setup example)...one is to close below candle #1...and second it needs to close in its lower two thirds quadrant. The color or candle #1 did not invalidate the setup in those examples however. Thanks for the comment! -Sterling
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I also noticed again at 13:17 candle #2 is also erroneous.