The concept of mean reversion is something I talk about regularly here
at Daily Price Action.
Not exact matches
However, the most time - tested and trusted way for determining a market's trend is simply to look
at the
daily charts and analyze the market's
price action.
We are looking
at the AUDUSD
daily candle stick chart in this video and are going to walk through an inside bar / pin bar forex
price action signal trade setup.
You should really dedicate yourself to learning all the nuances of one
price action setup
at a time on the
daily charts, once you do this and are making money consistently on a demo account you can then move on to the next
price action setup.
Here's a closer look
at recent
price action on the shorter - term
daily chart:
I quite agree, I do have mobile trading aps, but I only use them when I am away from my usual trading lap top to check if any
price action has occurred on the
daily time - frame,
at my pre — identified SR levels
This process of mastering one piece
at a time should be repeated until you have mastered all aspects of your Forex trading strategy, in the case of my
price action trading strategies it means mastering one of the setups that I teach
at a time, on the
daily chart, before learning a new one.
I suggest to all of my students that they learn to master one of my
price action strategies
at a time on the
daily time frame before the moving on.
At that time, there will either be a
price action signal or there won't be, and once you get up to speed on
price action trading, all you have to do is analyze the charts each day after they've closed out for that day, and quickly scan through the
daily charts of your favorite markets, looking for
price action signals.
We are looking
at the AUDUSD
daily candle stick chart in this video and are going to walk through an inside bar / pin bar forex
price action signal trade setup.
You should really dedicate yourself to learning all the nuances of one
price action setup
at a time on the
daily charts, once you do this and are making money consistently on a demo account you can then move on to the next
price action setup.
These words make the most sense of all, and I must have looked
at nearly every strategy and method that is out there and I know this to be true, Indicators do not work and
price action does work, I follow your
daily analysis and it makes ultimate sense and it works, keep up the good work
In this video we are looking
at a GBPJPY
daily candlestick chart and a
price action reversal setup off the 147.00 level that alerted us to the trading opportunity in this market.
Finally, I don't expect you to take my word for any of this, instead, go look
at the
daily charts for yourself, draw in the horizontal support and resistance levels and learn to spot the
price action strategies that I teach.
Now that you are aware that markets typically move in smaller
daily and weekly pip ranges than you may have assumed before, let's look
at some real - world examples of good
price action trade signals that took longer to play out than we may have liked.
In this video we are looking
at how to trade forex
price action horizontal levels and
price reversals on the
daily chart, nothing intra-day, I discuss how I made a 3 to 1 risk to reward
daily time frame trade.
Set aside a regular time each day that you spend looking
at the
daily charts of a few major currency pairs, any
price action setup that is
at a confluent level and well - formed will likely stick out like a sore thumb.
I normally look
at price action on
daily charts for +2 R targets (set and forget, so I only look
at charts once a day
at the close).
Hi Nial, Happy anniversary, Well i have been a student of yours now for about 1 year and a half and a full member for about 6 months and i must say my progress in learning to trade
price action has been phenomenal, trading raw
price with the
daily charts has been for me the most accurate way to trade in the market, the
daily charts seem to be the only time frame that can give you a clear insight in to
price momentum, strength and potential reach, I also use the 15 minute charts for entry and exit of trades and most of all i use the usd index to give me a clear insight in to market direction and strength, I have found that raw
price analysis of different time frames in the usd index can help you to make a more accurate decision on which currency to buy or sell
at any given moment.
However, the most time - tested and trusted way for determining a market's trend is simply to look
at the
daily charts and analyze the market's
price action.
Also, as a
price action trader focusing on the
daily chart, we need to see the
price action setup close out on the
daily chart before we can correctly identify it as a
price action signal, and it's
at the
daily chart close that many significant
price action setups form.
Another great an timely insight to trading, everyone has to work out in their own mind how to trade and everytime I seem to be working out something You seem to bring out an article reinforcing my theories.I am taking your advice and learning
price action one
at a time and decided to concentrate only on three pairs to start with eur / usd aud / usd [your local currency and gbp / usd my local currency.I did not know the euro trading volume was that high.Also your advice on starting on
daily timeframes is spot on as it helps to stop overtrading to start with and also teaches patience which I think is so Important, along with position sizing.You can't be a master without first being a novice!
We remain aggressively bullish this week whilst
price is above the lows of last Thursday's pin bar
at 2540.00 and we will continue to look to buy on a 1 hour, 4 hour or
daily chart
price action signal on any weakness.
The residential and commercial flooring powerhouse releases its latest earnings on April 27 (a week from Friday), so there's a chance the options
action is about traders positioning themselves well in advance of those numbers, but a look
at a
daily chart shows some compelling
price action unfolding in MHK right now:
Bitcoin
price action aside, the above graphs confirms that looking
at the number of
daily transactions alone does not give the full picture of the extent to which bitcoin is being used.