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Quotex Price Action Rules

The document outlines trading strategies and conditions to consider when entering trades, emphasizing the importance of market strength, volume, and candle patterns. It advises against trading in situations of strong rejection, small gaps, or when certain candle formations occur. Additionally, it highlights the significance of safety margins and the behavior of support and resistance levels in trading decisions.

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mumtazalimirani495
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562 views1 page

Quotex Price Action Rules

The document outlines trading strategies and conditions to consider when entering trades, emphasizing the importance of market strength, volume, and candle patterns. It advises against trading in situations of strong rejection, small gaps, or when certain candle formations occur. Additionally, it highlights the significance of safety margins and the behavior of support and resistance levels in trading decisions.

Uploaded by

mumtazalimirani495
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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break a level. (26)avoid to trade if both parties are stronger.

(27)market can
reverse if gap up/down after a big rejection or if not "a just" but one bigger gap
done by party. (28)market can continue if there is still gap atleast for one candle
to the next level. (29)don't trade if there is a big rejection by the opposite
party. (30)market can continue if volume of candlestick body is increasing/can
reverse if decreasing(keep checking strongness & volume of candles). (31)no need
retracement of piercingline/darkcloud cover if they fake breakout of a level.
(32)it is risky/unblieveable to trade on outside bar & inside bar. (33)check entry
of buyers & sellers before placing trade if you have doubt. (34)you can take safety
margin from above/below the level that was broken by previous candle. (35)two wicks
of two candles of same colors reveals the position of the buyers/sellers. (36)avoid
trade if previous candle is a close marubuzu candle. (37)to reverse market you must
have a level at the closing & openning of both candles. (38)avoid trade if there is
just little gap to next level B/C candle can reverse if rejected from that level.
(39)if market keeps breaking levels then it indicates strongness of the market & if
couldn't it indicates weakness of the market. (40)when support becomes
resistance/resistance becomes support trade on next candle after looking other
rules. (41)always check where, why & how a pattern is formed or a reversal is done.
(42)to reverse market must have a level at the closing & openning of both candles.
(43) if one party have strong rejection or closing by then other must end it with
strong recovery or entry in first or 2nd candle. (44) if candle close in previous
wick can't continue. if continuation party holds on recovery point that means party
is weak it is risky to continue. always look up for entry from a level. (j)
conditions: (1)if rejected from & closed on a level firstly avoid trade secondly
take safety margin from level below/up. (2)if gap up/down to break any level take
safety margin. (3)if rejected from a level & gap up/down to that level then avoid
trade. (4)continue surely if the level broken & pattern failed. (5)avoid to trade
if gap up/down below/above of any level after breakout of that level. (6)avoid to
trade if candle rejected from & closed in "inside bar/outside bar areas".

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