- Learning Price Action - The Key to Your Forex Trading
- Price Action Trading - A Beginners Guide » Learn To Trade
- Learn Forex • Price Action • forex4noobs
I 8767 ve been a student of yours for several months now. I was previously taught to use small time frames and only trade the London Open ( 8AM for me ). I now understand how to see potential trades and use a 8775 set and forget 8776 trading strategy where I only have to check on my trade once or twice a day ( at my convenience ) and with much better results. Since going live, I have turned $685 into $877 in a few weeks, and this using very small lots. Thanks for your help, and I reccommend your course to anyone aspiring to be a sucessful forex ( or stock, commodity, ETF, etc ) trader.
Learning Price Action - The Key to Your Forex Trading
This next chart below shows 8 bullish candles in an uptrend each with decreasing lengths. In an uptrend, when you see such happening around resistance levels, you should take notice. Also watch for bearish reversal candlestick patterns to form. This will give you the confidence to sell:
Price Action Trading - A Beginners Guide » Learn To Trade
i currently trade pa off fib pivots, s& r,round numbers and the 55 levels which make complete sense to me and i do this intraday.
Learn Forex • Price Action • forex4noobs
I like simple black and white charts the best, as you can see below. In metatrader9 you simply right click on the chart and adjust the “properties” of the chart to get it looking like mine below. If you want more info on how to setup your MT9 trading platform checkout this metatrader 9 tutorial.
So when price heads back to that support or resistance level, you should expect that it will get rejected from that level again. The use of reversal candlestick trading on support and resistance levels becomes very handy in these cases.
If you want to be really good price action trader, you have to understand this concept of how price moves in swings. This is especially true if your style of trading is trend trading or swing trading.
I took the week off from work to learn more and today my last day of the week cane across this article. I’m so thankful as it is all confirmation that I am on the right track. Also if I hadn’t traded the whole week before it might not have made so much sense. Thanks a million for this great informative and accurate information! GREAT JOB!
Forex trading is about more than having a good strategy. You need to learn the basics, you need a solid trading plan, a good broker, a in-depth risk management plan, solid trading psychology and of course a good trading strategy.
I am beginninng to see profits in my wish i knew all these bout 9yrs ago ..i wld av bnn richer than warren buffet by now uare the worlds best..pls let it keep coming.
The engulfing patterns are 7 candlestick patterns. For a bullish engulfing pattern, you will see that the first candle is bearish followed by the second candle which is very bullish and this 7 nd candle completely engulfs