What Is a Forex Kangaroo Tail? The kangaroo tail is a price pattern consisting of one candlestick. It was popularized by Walter Peters in his book, Naked Forex, and you can use it to spot market reversals. In terms of appearance, the kangaroo tail has a small body and a long wick Once identified the SHORT SELL kangaroo tail bar (bar number 2) place a SELL stop order at the low of bar 3 which is the bar to the right of the tail. Place your stop loss at the high of bar 3. Once in the trade, exit at the end of the day (around EST) Example of a Long / Buy Setup Learn to Trade Forex Kangaroo Tails in 10 Minutes [Bonus
Simple Forex Trading Strategy Using a Kangaroo Tail Pattern
Over the years different price bar patterns have been given their own names. Trade setups are identified on the daily timeframe and trades last less than 24 hours. It takes just a couple of minutes to spot the setups and place stop orders for the next day.
First I am going to explain how to identify the Kangaroo Tail setup and then where to place orders to trade. I have also filmed a detailed video below in which I show you on the board the exact forex kangaroo tail. Read to the end forex kangaroo tail the post where you can get some enhancements to the basic rules which double the profitability of this strategy.
The setups occur on average about 60 times a year. Below shows the equity curve of how the strategy has performed from through to Are you struggling to make consistent profits in today's markets? As a thank you for reading this post I would like to offer you my complete downloadable guide to a very successful system I personally trade and profit from.
Just click the download button below to discover how the professionals consistently take money from the markets, forex kangaroo tail. Download Now Where would you like you Free PDF Guide sent? Just enter your best email below to get started straight away. Save my name, email, and website in this browser for the next time I comment. Are you tired of losing money and getting inconsistent results?
That was me too. We all start there. The good news is you can SHORTCUT YOUR SUCCESS by enrolling in my forex kangaroo tail by step program developed from over a decade of trading the markets, forex kangaroo tail. Work Each Week", forex kangaroo tail. Simple Forex Trading Strategy Using a Kangaroo Tail Pattern. Buy and Short sell Setups for Kangaroo Tail patterns.
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Walter Peters Pin Bar/Kangaroo Tail Rules (MT4 Indicator Download)
, time: 19:38The Kangaroo Tail Pattern in Technical Analysis - Top Trading Directory
What Is a Forex Kangaroo Tail? The kangaroo tail is a price pattern consisting of one candlestick. It was popularized by Walter Peters in his book, Naked Forex, and you can use it to spot market reversals. In terms of appearance, the kangaroo tail has a small body and a long wick 05/05/ · Kangaroo Tail Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Commodities, Metals, Cryptos. The Kangaroo Tail is a simple and very effective pattern to trade. The strategy that comes with the Kangaroo Tail is purely based on price action. Inputs of the indicator are:3,9/5(16) Once identified the SHORT SELL kangaroo tail bar (bar number 2) place a SELL stop order at the low of bar 3 which is the bar to the right of the tail. Place your stop loss at the high of bar 3. Once in the trade, exit at the end of the day (around EST) Example of a Long / Buy Setup
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