The arrows in the chart above each mark a price action setup that I teach, if you had been trading this uptrend in gold last year you would have obviously been much better off
just trading the price action rather than trying to over-analyze and over-complicate everything with a bunch of messy indicators all over your charts.
Not exact matches
Such
price action indicated that a momentum - based breakout above the highs of the
trading range was likely to occur in the coming days, so we added $ EPU to our «official» Wagner Daily
trade watchlist as a potential buy entry,
just in time to catch the December 31 breakout.
As always, if you have any questions about
trading just email me here, and if you want to learn more about how to
trade with
price action then checkout my
price action trading course for more info.
I agree with this totally and my
price action trading strategies and
trading philosophy reflect the belief that all fundamentals are factored into
price and you can save a lot of time and stress by
just learning to analyze
price and avoiding forex news and fundamentals.
Stops can't
just be placed randomly nor placed based on the position size you want to
trade, they need to make sense and be in the context of the
price action trade signal / setup and also in the context of the current market dynamics.
«The notion that's driving the
price action is not
just the geopolitics, which could yet trigger a
trade war (or an actual one), but the relatively strong determination of the Fed to continue its path of rate increases,» said Ian Lyngen and Aaron Kohli, fixed - income strategists at BMO Capital Markets, in a note.
I always wondered how i could day
trade and keep my day job, i actually thought of quitting my job to concentrate on
Trading but your articles have really changed the way i view the markets, I
just relax and wait for
price action signals.
Im
just heard this
trading with
price action..
Today's lesson was
just meant as a general guide of how to logically and effectively place stop losses and targets on select
price action trade setups, I discuss different entry scenarios and more
trade setups in my
trading course and members» community.
It's like you are gambling on the
price change, however, because it's based on real world
actions (and not
just a dice roll or flip of a card) anyone
trading Binary Options will feel more in control as they can make decisions based on research.
Thanks Nial, I can honestly say that since
trading your
price action stategy, it has turned my
trading around.Gone are the stochastics and macds,
just clean charts now, and I'm able to read the
price action much better.I
just have to now discipline myself to use longer timeframes for set ups, and 5 minute only for entry and exits.
However, I know from emails that I get that a lot of people who follow me think that «
price action trading» means
trading any old
price action setup; they seem to totally ignore the market context that the setups occur in, which is actually
just as important, if not more than the individual setup itself.
Stops can't
just be placed randomly nor placed based on the position size you want to
trade, they need to make sense and be in the context of the
price action trade signal / setup and also in the context of the current market dynamics.
Price action trading is more than just price patterns like Engulfing candlesticks and Head & Shoul
Price action trading is more than
just price patterns like Engulfing candlesticks and Head & Shoul
price patterns like Engulfing candlesticks and Head & Shoulders.
But, fear can work against us too, by causing us to not enter a good
price action trade setup only because we are «afraid» of losing money, perhaps because we've
just had a series of losing
trades.
What you need to do is take into account not
just the
price action setup you're considering
trading, but the overall market context that it has formed in.
Some traders are
trading 12
trades a week or even per day, this is
just lunacy and is more characteristic of a drunk gambler at a casino than a skilled and calculating
price action trader.
You really don't have to take my word for it though, check out some of my free forex videos, forex strategies, or follow my free daily forex
trading commentary if you would like to see for yourself
just how powerful forex candlestick charts combined with my
price action setups can be.
This is
just one of the forex
price action trading methods I discuss in my
trading course.
I have actually tried this strategy twice with
price action and it has worked because my
trades were really successful making my profit targets for the week
just overnight.
This is one of the best articles you have ever written and the «blind entry»
just completes the puzzle and closes the gap that has always constrained my
price action trading strategy!
Once you get more experience and familiarity with these levels, your eyes will begin to instantly be drawn to them on a daily
price chart, and you'll start to feel more confident in your ability to analyze and
trade with
just raw
price action and levels.
This
trade entry decision included the uptrend and then the bullish
price action signal confirmation, the stop is placed
just below the low of the pin bar
This,
just like also false breaks
trading, is a great add to pure
price action trading.
it has taken me a long time to work out my
trading style and many years of frustration, not to mention heaps of $ $ $ $ but something in the way you explain this
price action just made the penny drop for me so THANK YOU for that.
This is
just plain old visual observation of a market's naturally occurring
price action... no mumbo - jumbo
trading systems or magic - bullets here.
Thanks Nial, I can honestly say that since
trading your
price action stategy, it has turned my
trading around.Gone are the stochastics and macds,
just clean charts now, and I'm able to read the
price action much better.I
just have to now discipline myself to use longer timeframes for set ups, and 5 minute only for entry and exits.
Today's lesson was
just meant as a general guide of how to logically and effectively place stop losses and targets on select
price action trade setups, I discuss different entry scenarios and more
trade setups in my
trading course and members» community.
Just like
price action signals, you need to qualify any support or resistance levels that you are relying on in order to make
trading decisions.
So from here, the best potential
trades will likely be to buy gold if
prices pull back towards that 1295 - 1300 major level... we would either wait for a
price action buy signal, or we could
just blindly jump in.
Regarding the
trading screen time, I would rather say the 1 hour is
just for
trading purpose, and more time will be spent on reading, studying or may be looking at historical charts say to reinforce our internal mind recognition of
price action patterns!
thank u so much for all ur educational tips, really,
price is the king, and every
trading strategy is simply a derivative of
price, so it really makes sense to focus on
price action formation, not
just in the air, but at key levels.
trading is not really that difficult, what is difficult about
trading is mastering urself and sticking to ur
trading plan.
I am not talking about
trading price action, but
just reading it.
Eventually, through trial and error, logic and commonsense, I realized the markets were best
traded by
just analyzing the naked
price action of the charts that had been staring me in the face the whole time.
Using
price action is to me the best way to
trade because it is simple it is therefore me who makes it complicated and through time patience routine discipline and having a mentor like yourself has been the difference between looking for quality
trade set ups and
just guessing which is I can't control what the market is doing but I can control how I
trade in the markets.
In closing, I would
just like to say that I get feedback from my member's all the time; emails and testimonials from people who truly are turning the corner in their
trading, not because they are professional full - time traders, but because they have stopped the bleeding and are starting to see the power of effective money management and
price action trading in combination with one another.
Very good article Niall and timely for myself as I have been reviewing my
trading over the past couple weeks and it's very apparent that I'm
trading too much with the wrong ratio's but on the plus side I'm getting to grips with
price action as I'm getting the winners
just not letting them run.
There are times when there's
just cause to interfere with your
trades, such as a giant pin bar reversal that forms counter to your position, or some other opposing
price action.
The technique is to look for
price action setups that form near the moving averages and place your stop loss
just below the low / high of the
price action setup, which will likely be on the opposite side of the moving average from the direction we are
trading.
This is
just one of the many methods that I use to
trade the forex market, if you would like to learn more about how I
trade the market with my unique
price action strategies then please take a look at my
price action forex
trading course.
If you will
just slow down and focus on
trading like a sniper and not a machine gunner by learning to
trade only the most obvious and confluent
price action setups, you will be able to
trade much more relaxed and care - free, this will help you greatly in your money management.
Obviously not, they are reading tape, or
price, they are basically
just trading based off pure
price action, and we can do that my taking off the forex indicators on our charts and learning to
trade the natural
price action of the market.
I always wondered how i could day
trade and keep my day job, i actually thought of quitting my job to concentrate on
Trading but your articles have really changed the way i view the markets, I
just relax and wait for
price action signals.
You have to
trade price action with a historical edge or your
trades are
just random.
I agree with this totally and my
price action trading strategies and
trading philosophy reflect the belief that all fundamentals are factored into
price and you can save a lot of time and stress by
just learning to analyze
price and avoiding forex news and fundamentals.
Being patient while
trading with
price action goes something like this: you see what looks like a decent pin bar formation but it is going against a rather strong trend, because you know that this setup has a much lower probability of working out than a pin bar setup with a strongly trending market, you sit on your hands and pass it up, don't think anymore about it, even if it works out it does not matter because you
just exercised patience, and you will be rewarded for it the more you use it.
I've been
trading for the last 5 years, and in only the last 2 3 years I have gone to higher timeframes with great success and
just price action!.
Although he doesn't
trade currencies or use
price action per se, the lessons we can learn from him are
just as valuable.
Now, for those
just starting out with
price action trading, it may take you a bit longer.
I would fail using a profitable day
trading system
just as a successful day trader would likely fail using
price action on the higher time frames.