Mr. Casino – Rinsing Da Banks Forex
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Mr. Casino is known for his approach to Forex trading, particularly emphasizing market manipulation, precision entries, and strategies with tight stop losses of around 10 pips. He appears to specialize in trading Gold (XAUUSD), focusing on building skills in both seasoned and beginner traders to achieve consistent success.
Mr. Casino appears to specialize in trading Gold (XAUUSD), focusing on building skills in both seasoned and beginner traders to achieve consistent success.
- Break & Retest
- Week Of Price Action
- FU For Market Direction Retest Entry
- Drawing Zones On EJ
- Drawing Zones On UJ
- Week Of Price Action Gold
In forex trading, the “break and retest” strategy is a popular method used to identify potential trading opportunities after significant price movements. Here’s how it works:
- Break: This occurs when the price breaks through a significant support or resistance level. This level is often seen as an area where buyers and sellers have previously battled, leading to increased market activity.
- Retest: After the breakout, the price often retraces back to the broken level, which acts as a new support (if it was a resistance level) or new resistance
- Entry: Once the price retests this level, traders look for signs of price action, such as candlestick patterns or confirmation indicators, to enter their trades.
Example
- Uptrend Example:
- Price breaks above a resistance level → retests that level → shows signs of buying pressure → trader enters a buy position.
- Downtrend Example:
- Price breaks below a support level → retests that level → shows signs of selling pressure → trader enters a sell position.
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