CHAPTER 4. VALIDATION/CONFIRMATION

Hopefully you still remember well about the steps of KEN FX TRADING SISTEM. Strategi Forex terbaik “Ohh God I don’t remember about it, because I got confused”. It’s ok, I won’t punch your face anyway. Alright I will explain it again and again. Take a look at the box below!

The steps of KEN FX TRADING SYSTEM;

After knowing the steps above, in what step are we now? Yes, we are now discussing about “Validation”. When we talk about Validation, it refers to Pinbar and Engulfing. You might have already known after you check those patterns in the chart, there are so many fake pinbar and fake Engulfing. Fake means invalid/false/fail. So, here we need some filters, named Validation. In simple words, we are looking for “Valid Pinbar” and “Valid Engulfing” only. Thus, just throw away the invalid ones.

1. PINBAR VALIDATION 

Pinbar was said valid if the full size of the pinbar are broken by the “body” of the next candle (No matter what number the breaker candle is). Full size includes both tail and body. Take a look at the illustration below.

From the picture above, we can see that The Pinbar is Valid. Because the pinbar was broken by the body of other candle.

From the picture above, we can see that The Pinbar is Valid. Because the pinbar was broken by the body of other candle.

BELOW IS THE EXAMPLE OF INVALID PINBAR

1. ENGULFING VALIDATION

You know what? Both Engulfing or Engulfing Pinbar are already Valid. So, you don’t need to validate them.

Note: If you have a question related Validation, please leave me a message through Facebook Group.