hello friends it's me Asir Intesir Shaiket welcome to my channel today I will show you a very interesting strategy forsale order and it works very good I watched a video one years ago today Igot it again so I think I need to share it with my viewers because
if youunderstand this strategy you can make use profit okay and it's a very goodstrategy so I think it will help you okay okay before I start I just want torequest you please subscribe my channel okay okay let's begin so let's bring upour examples so here it is it
stand up to share with you today very simplethere's only three steps to it and I'm going to go through them fast but it'seasy we'll give you a couple of bit different examples so here it is it'ssimilar to a double top we've all heard of double tops and double
tops are okaybut this is even better so let's bring up our horizontal line and what we wantto do is pick a spot in the chart where we get a fairly major swing high so forexample here we see that we've got a nice little move up let me turn
thisarrow blue all right and we come up here so this is our resistance level marketcomes back down then it comes back up to retest or I'm sorry actually to testthis resistance level now here's the key if it just comes up to this level it'sokay but it's not as
good what we want to really see to make this powerful iswe want this high to be pierced not quite broken but to be pierced in otherwords we want to see price action coming above that high now the key to that isthe candlestick pattern two aspects to the candlestick
pattern number one wedon't want there to be a commitment of buying aof this high so in this particular case this is actually ideal because we justhave the wicks or the shadows which are the black clients and not the realbodies which represent the area between the open and the
clothes so in marketprofile terms this would be called a rejection of value in other words markethas tested these prices above this high it has experimented with them andthere's been some buying and selling up there in this price level but then itrejected those high prices and that's the key
and that's what the wicks reallytell you and then we get a bearish bar coming back down and the market closingway back down here so all these price levels up here have been tested and theauction place of the currency market has rejected these price levels and said nowe do
not find that right now the consensus is that you price go up youtake your resistant and market go down and the market go again and each touchyour horizontal line I mean you're resistant right in this position youhave to open a sell order okay and you have to set
a stop loss upon this lineokay up on this line and take profit maybe 50 pips or 60 pips must be youhave to use it in one-hour candle or more okay not below one or okay so stop-loss you have you have to say it upon this line and you
have to open your order when these candle will close yousee one green candle is does the horizontal line and it's a go down andin this position you have to open a sell order when the red candle is over okaythen a market go down and you can make profit
and it's work very good so wewill see another example of this okay I'mstarting on a pave in this case the euro is worth this much money and thereforethe value of that market is considered less in this period of time so that is afantastic short and it's based on
the philosophy that I just shared with youthat's really the principle behind this I like to share with people why thingswork what's the logic behind them and as you can see the market makes a majormove down from there let's show you one more example so this one is slightlydifferent
which is exactly why I'm showing it to you but it's the exactsame principle and remember there are reasons these patterns work the reasonshave to do with the psychology of the market place the value that people areputting on the market so always make sure that when you learn a
new tradingmethod or trade setup that you understand the market logic behind itthat there is a market logic behind it people don't just say oh this patternworks now there has to be a reason the logic for it to work in the future sohere's our hi see that very clearly
and then again market goes and test that hiand it goes a bit above it now this time it actually goes a little bit more thanbefore before we just have the wicks of the candlestick the black part now weactually get what we get a close above that high so
a little bit more tricky alittle more of a commitment up there but again the low of the bar is below thatlevel in the high of the bar is above that resistance level so there's not areal commitment there yet then we get a doji bar which is a neutral
bar opensand closes right in the middle of the range of that bar and the harp thatfollows that is a complete again to use market profile terms rejection of theseprice levels up here and we get a red bar that completely comes down closesback down below that resistance level up
hereand in the Senate in essence rejects these higher prices this three barcandlestick pattern then is just drawing over myself here but that's okay thatthree bar candlestick pattern is your signal that these upper prices have beenrejected rejection of value and we can expect the market to go down which
againit does quite sick in this position when market cross your horizontal line I meanwhen a market cross a resistant line and upon the resistant line its create ad toZ okay and then market I can go down and create a red candle so first candle isgreen second candle is
dozy and third candle is rate and when the red candlewill be aimed then you can open a sell order and you have to stop set the stoploss upon this horizontal line a few peeps maybe 20 or 15 pips may I fixed itup on this line you say you
can set it 20 piece and you can set the take profit50 pips or 60 pips okay not below you must have to the take profit two timesor three times more than your stop losses okay it's very important so Ithink if you are if you don't understand that this
video was this video two orthree times or if you need any help to understand it comment you can keepcomment in the comment box and I provide my Facebook and email address you canask me also there okay if you like this video please subscribe my channel andlike this video
and if possible share it with your friends okaythis is for today bye have a good day
