Note, I have shown you two
more price action setups in the chart below; the pin bar strategy and the fakey trading signal.
I'm working on a book right now that includes
more price action setups with detailed examples including methods to exit.
Note, I have shown you two
more price action setups in the chart below; the pin bar strategy and the fakey trading signal.
Not exact matches
Sir i read your every article every day.I follow your trading
setup information and
price action study
more than 3 year now i am your online student.So thank you very much.
There are other pin bar stop loss placements discussed in my
price action trading course but they are
more advanced, the stop loss placement below is considered the «classic» stop loss placement for a pin bar
setup.
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.
To learn
more about simple
price action trading
setups and becoming a simple but effective Forex trader, check out my
price action Forex trading course.
Although the daily chart is useful for seeing short - term trends, trade
setups on the monthly timeframe can be
more explosive, especially when they align with bullish
price action on the weekly and daily chart intervals.
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.
The dramatic visual contrast from one forex candlestick to the next enables traders to spot repetitive
price action setups in a dramatically easier and
more enjoyable manner than using standard bar charts or line charts.
To learn
more about how I trade with simple
price action setups check out my
price action trading course.
Now, this
setup was definitely
more advanced because it was against the recent bearish momentum, however, given the obvious false break and the consecutive inside bars that followed, forming above support, it was a valid
price action setup worth taking.
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.
To learn
more about simple
price action trading
setups and becoming a simple but effective Forex trader, check out my
price action Forex trading course.
There are other pin bar stop loss placements discussed in my
price action trading course but they are
more advanced, the stop loss placement below is considered the «classic» stop loss placement for a pin bar
setup.
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.
thanks coach for your articles they motivates, i am a new member, they is no great course like yours, been struggling with trading but since i am studying the course i see a big difference in my trades through
price action setups, GOD bless you
more.
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.
If you would like to learn
more about how I trade the market with
price action setups and risk reward scenarios, please check out my
price action forex trading course.
To learn
more about
price action trading check out some of the great free information below, or to learn exactly how I trade with
price action setups, check out my forex trading course.
------------------------------------------------------------------------------------------------------------------ MAY Special Membership Promotion: This month, I am offering a very special discount on lifetime access to my
price action trading courses, members daily newsletter, trade
setups forum, email support line &
more.
I also saw the whole
setup but as I'm also a
price action trader I relied
more on the bullish engulfing than the pinbar signal.
No matter what trading strategy or system you are currently using or end up using; knowing how to spot high - probability
price action setups will make that strategy much
more effective.
In trading, there will typically be a limited number of high - probability / obvious
price action setups each month, so if you don't have the patience to only trade those obvious
setups, you're going to end up getting
more losing trades (weeds) than winning trades (vegetables).
If you want to learn
more about how I trade «Low - Frequency»
price action strategies on the Daily Chart time - frames; check out my
price action trading course and member's community; my trading philosophy is based on trading only the highest - quality
price action trade
setups, which means less trades and less stress!
Sir i read your every article every day.I follow your trading
setup information and
price action study
more than 3 year now i am your online student.So thank you very much.
For example, if you enter a long on the EURUSD and the GBPUSD, you are basically doubling your risk, and there is really no point in trading both at the same time, you might as well trade one or the other, if there is a similar
price action setup on both, pick the pair that the
setup looks
more defined on.
When you know how to interpret and utilize simple
price action setups, you can use the power of this higher time frame filter ability to free up your life and unchain yourself from your trading desk, all the while becoming
more consistent and accurate in your trades.
We like to see these types of
price action setups here at LTTTM, we hope that you enjoy our simple yet highly effective take on
price action trading, for
more education,
setups, and commentary check out the member's forum