Gann & Price Action Strategy - Trading with Signals
Many financial websites, including brokers, actively distribute forecasts for the near-
term movement of certain currency pairs , futures, or CFDs.
For brokers, forecasts are another way to attract clients, as well as a way to enhance their own reputation.
However, regardless of the signal source's true purpose, broker signals offer a great opportunity for traders to gain insight from their peers. Some forecasts can not only help them adjust their opinions, but also benefit from using them in their trading.
FreshForex, like other brokers, offers its service and signals delivered directly to your email address, completely free of charge.
While Price Action trading is a relatively new trend, similar to traditional candlestick analysis, the use of Gann's tools has proven its effectiveness long before Price Action emerged.
Working with the service
To get started with the service, go to the "Analytics" section on the FreshForex broker's and select Gann & Price Action. You'll be able to choose from three currency pairs: EUR/USD, GBP/USD, and USD/JPY.
Link to the service Unfortunately, the service is no longer working .
To view the overview, click on one of the titles. It's worth noting that FreshForex signals are always ambiguous, offering two possible scenarios. Therefore, you'll always encounter phrases like, "If the price reaches this level, then buy; if it goes the other way, then sell.".
These types of signals are designed to allow traders to react appropriately to alternative developments. However, while the ambiguity of the forecast is always a deterrent, unlike other similar services, the analyst always provides clear targets (profits) and where to place a stop order.
In addition to the daily overview and signals, you can check out the weekly overview, which examines global trends across major currency pairs and stock indices. The weekly overview clearly outlines the objectives and potential future developments for each instrument covered.
What's interesting about the Gann & Price Action strategy?
As you read the review, you'll clearly notice that the author doesn't adhere to a specific algorithm, as is the case with indicator strategies, but rather generates signals as various patterns emerge. For ease of understanding, almost all signals are constructed solely from images with minimal text.
It's worth noting that the Gann & Price Action strategy doesn't use any indicators, and all trading is conducted on a pure chart. However, you should understand that identifying candlestick patterns is always subjective, as just because the author sees a candlestick pattern doesn't mean it actually exists.
An alternative could be a service from another broker using SMS signals; you can find its description at http://time-forex.com/info/sms-signaly-forex
