Do you know, Big bars can present a tremendous opportunity in Trading? Do you know how to take Advantage of Big Bar in your Trading?
In this post, we have discussed our proprietary concept of how to take Advantage of Big Bar in your Trading.
The chart below is a daily chart of commodity Sugar. Sugar price printed the Big Bar on Mon 07-Jan-2019. The low of the bar was 1200.1 and the high price on that day was 1271.2. That was a huge bar in comparison to previous bars. Sugar Price after the appearance of the Big Bar tried to re-test the high of the bar on Fri 25-Jan-2019. It could manage to penetrate the high price level and closed below the said level on that day. We should not jump on to buy Sugar on that day since the close was below the high price. Instead, we should wait till Thu 14-Feb-2019 when the price got bounced from the 61.8% Fibonacci level (drawn from 03.01.2019 to 16.01.2019).
Next chart below is a daily chart of commodity Gold. Gold price printed the Big Bar on Fri 25-Jan-2019. The low of the bar was 1280.1 and the high price on that day was 1304.1. That was a huge bar in comparison to previous bars. Gold Price after the appearance of the Big Bar tried to re-test the high of the bar on Thu 07-Feb-2019. It could not manage to penetrate the high price level and closed above the said level on that day and also on following days viz. 11.02.2019 and 14.02.2019. Since it closed above the high price there were 3 distinct opportunities to trade Gold from those levels to the upside.
Now you can also learn how to trade Big Bars efficiently with us to explore the possibility of earning passive income keeping your day job. Big Bars can be traded through our proprietary methodologies.
Our Proprietary Big Bar Trading Strategy will guide you on every step of your trading in a commodity like Spot Gold and Sugar e.g. Start exploring the possibility of earning extra income. Learn what all other Big Bar Trading Strategies we are adopting to Trade in our Trading different Asset Classes. Develop yourself as a professional trader capable of capturing extra income in the future with us.
To know how to take Advantage of Big Bar in your Trading, please book your 30 minutes FREE session with us at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.
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