Gann & Price Action strategy - trading using signals
Many financial websites, including brokers, actively disseminate 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 improve their own reputation.
However, despite the true purpose of the signal source, for a trader, signals from a broker are an excellent chance to look at the professional opinion of their colleagues, and according to some forecasts, you can not only correct your opinion, but also benefit from using them in your trading.
The FreshForex company, like other brokers, also offers to use its service and receive signals directly to your email completely free of charge.
If trading using Price Action is a relatively young area, which is similar to the usual candlestick analysis, then the use of Gann tools has shown its effectiveness long before the advent of Price Action.
Working with the service
To start working with the service, you need to go to the “Analytics” section on the main page of the FreshForex broker and select Gann & Price Action. You will have a choice of three currency pairs, namely Euro/Dollar, Pound/Dollar, Dollar/Japanese Yen.
Link to the service Unfortunately, the service no longer works .
To get acquainted with the review, you need to click on one of the names. It is worth noting that FreshForex’s signals are always ambiguous, namely, two options for the development of events are offered, so you will always come across similar phrases: “If the price goes to this level, then we buy, and if it goes in the other direction, then we sell.”
Actually, this type of signals is created so that the trader can always adequately respond to alternative developments of events. However, if the ambiguity of the forecast always discourages, then, unlike other similar services, the analyst always indicates clear goals (profits) and also where it is necessary to set a stop order.
In addition to the daily review and signals, you can get acquainted with the weekly review, which examines the global trend for major currency pairs, as well as stock indices. The weekly review clearly sets out the goals and options for the development of events for each of the considered tools.
Why the Gann & Price Action strategy is interesting
While reading the review, you will clearly notice that the author does not adhere to a specific algorithm, as happens in indicator strategies, but gives signals as various patterns arrive. For better perception, almost all signals are built from only pictures with minimal text typing.
Separately, I would like to add that the Gann & Price Action strategy does not use any indicators, and all trading is carried out on a clean chart. However, you must understand that the definition of candlestick patterns always remains subjective, since if the author sees a combination of candlesticks, this does not mean that it actually exists there.
An alternative can be a service from another broker using SMS signals; its description can be found at the link http://time-forex.com/info/sms-signaly-forex