Explain typical opportunity situations in the order book! Aim for rising scenarios where buy stop-loss orders are piled up.
I’m thinking of using OANDA’s order book like a Kane Trader, but I’m not quite sure how to actually apply it to trading, right? This video explains typical opportunity setups. The key point is the bias in the orders. (Reporting: FX攻略.com Editorial Department, Takeshi Kaniuchi)
What you can learn from this video
In this video, you will learn the following:
- Explain opportunity setups on the USD/JPY 5-minute chart
- Check the volume in the bottom-left and top-right corners!
- Take profit around the midpoint of the order bars
- Where there are many limit orders and few stop orders, price movement tends to slow
- When a range continues, energy builds up and you break through solid levels!
● Video: 6 minutes 29 seconds
Kani Trader’s Profile
Started YouTube Live on January 15, 2018. Trades are streamed live for 12 hours from noon to late night. Under the themes “earn in front of you” and “you earn in front of you,” all entry orders and stop orders are published daily.
YouTube Channel:fx Kani Trader KazuYoung
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