Sentences with phrase «of daily price action»

Justin Bennett is a Forex trader, coach and founder of Daily Price Action.

Having the opportunity to learn from you as a professional trader has given me the confidence to try Forex again, especially as an EOD trader, which with the benefit of Daily Price Action, simply makes sense.

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.

Drilling down to the daily chart (below), we see $ EIDO potentially forming «higher lows» within the base, which is a sign of constructive price action.

Since institutional trading accounts for roughly 80 % of the stock market's average daily volume, the price action of stocks and ETFs is typically driven by the actions of the «smart money.»

Traders who are planning on being members of my trading community need to have the correct NY close 5 - day charts since my price action strategies are focused around the daily charts and all my members use the correct NY close charting platform.

price action closed well off the intraday lows), yesterday's (January 24) price action closed near the low of the day, as shown on the daily chart of the Nasdaq Composite Index below:

Very good article yuo wrote, around my place daily we have a evening coffe talk, regarding the price action but most of them still blurr about it and unpession to enter the market and end up lost.

This is healthy price action and has led to the formation of a «bull flag» type pattern on its daily chart.

This next chart is a daily combo chart we've been following for some of the US stock market indexes which is showing some interesting price action.

I will continue to offer the same daily in - depth analysis of the precious metal price action that I always have — bringing you completely up to date on everything you need to know to keep you current.

As the daily chart below illustrates, the price action of IOC was holding above its 20 - day exponential moving average (the beige line), in a narrow range, for the preceding three weeks.

The entry, exit, and overall price action described above can be seen on the daily chart of $ AMD below:

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.

Below, this is shown on the daily chart of $ QQQ, a popular ETF that tracks the price action of the NASDAQ 100 Index:

The current daily chart of UNG below shows the subsequent price action after our September 25 buy entry:

The following daily chart of Powershares Nasdaq Trust ($ QQQ), as an ETF proxy for the Nasdaq 100 Index, shows that the price action in this ETF has been contained by a relatively tight ascending trend channel (annotated by the red lines) since forming its «swing low» support level on June 4.

In the light of the crash in global crude oil price, which is Nigeria's main foreign exchange earner, the devastating actions of aggrieved militants on oil and gas infrastructure in the oil - rich Niger Delta which has resulted in lock - in or leakages of crude oil, sometimes in excess of one million barrels that could have been exported daily, and the consequential rapid decline in the well - being of the masses, the urgency to fix the Nigerian economy by changing tactics from sole reliance on oil, becomes more poignant and urgent, hence the need for international experts to aid diversification efforts of the government.

The lower two charts display the weekly & monthly time - frame, with their respective closest swing high and swing lows clearly marked, as potential future Support / Resistance levels, where I will focus my attention to the price action that occurs on my top two charts (4 hour and daily time - frame) when price moves to one of my SR levels on the highest time - frames.

This is basically what you are doing when you make a daily diary of what's happening in the market; you're getting familiar with the market's price action and current conditions and then once you have this bias and «story» down, you can simply wait in anticipation of an entry signal that makes sense with your market bias.

If you want to learn how I trade with price action and read my daily members» trading commentary which is essentially my daily diary of what the markets are doing, then checkout my price action trading course for more information and insight.

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.

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.

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.

Very good article yuo wrote, around my place daily we have a evening coffe talk, regarding the price action but most of them still blurr about it and unpession to enter the market and end up lost.

i am a newbie to your price action style of trading and daily charts as you stated are working best for me.

I typically do not take any trades based on the price action of a chart less than 15 minutes; however, the 1 Hour chart is more meaningful, the 4 Hour chart is better, the Daily chart is even better, etc....

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.

I have traded end - of - day strategies successfully for more than 12 years, so it's no surprise that my trading courses and tutorials are focused on end - of - day price action analysis and trading daily charts.

On this trade I used the daily chart, or anchor chart, to mark the important horizontal levels, I then zoomed into the hourly chart and found a price action entry, and I set up the stop loss and a take profit order of 3 to 1.

Commit yourself to 12 months of continued study of price action trading, follow the teachings in my trading course and daily commentary and fine - tune your own personal price action trading skill.

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

I generally place about 4 to 6 trades a week on average on the daily's and I now consider myself to be extremely disciplined with sniper like precision based on fundamental price action and points of confluence.

Trading Nials» Price Action methods on the Daily Chart paves the way for these affirmations to become true.about this idea of trading i like it most......

Since I trade the daily charts most of the time, I run my stops according to daily chart price action setups and to the dynamics of the daily chart price action.

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.

My Students get lifetime access to all of my advanced price action Forex Courses, video lessons, webinar tutorials, daily trade setups newsletter, live trade setups discussion forum, traders support line & free ongoing course updates.

Before we get started, keep in mind that all the examples in today's article are from daily charts, I recommend all traders focus on daily charts as their core «anchor» chart, and beginning traders should exclusively focus on the dailies until they have gained a firm grasp of my price action trading strategies.

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.

30 minutes a day is all you need if you are focusing on the daily charts, this is of course after you have mastered an effective trading strategy like price action.

However, when the market finally broke down and out from this trading range it essentially «confirmed» that a new downtrend was getting started, and this is a very important piece of information to know as we drill - down and look for price action trading strategies on the daily, 4 hour charts and 1 hour charts...

All of these setups were with the recent daily bearish momentum and worked out quite nicely for savvy price action traders.

If you look really deep into price action, you will end up finding that the high / low of the daily candle is the close of a candle from a lower timeframe.

I have a question how to determine the turning point of the trend change, is it price action signal daily or weekly chart, or when prices cross 50 % Fib level, or when it break the trend line?

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.

The updated and annotated daily chart of the S&P 500, seen below, should illustrate to you what a hammer looks like, based on today's price action.

The NZDJPY daily chart above shows more than a year's worth of price action.

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.

Happy anniversary to LTTTM, I agree that Price action in daily chart or longer chart is the most important thing to learn if we want to win as traders, because I've try to scalp with many indicators and robots and proved that none of that works, I was affraid to use daily chart because I tought that I have to use large stoploss would made me lost much if I lost, but now I now that scalping is the fastest way to blow my account.