A lifetime membership
with Daily Price Action is all about interaction and immersion.
Not exact matches
However, although such
price action is bullish, the
daily chart pattern presently does not yet provide us
with a clearly defined buy entry point and level for setting a stop
price.
Below is the 2 year
daily chart for the SPX which shows its 2016 bull market uptrend channel
with the
price action testing the bottom rail
with the high, down to up volume spike on Monday.
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.
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.
Friday i traded gbp - usd, eur - jpy and gbp - jpy too because if u check the
daily chart u can se one more
price action set up in the main trend direction (i trade
price action only
with trend, never counter trend).
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.
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.
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.
Again, we are doing the same thing as in the morning: checking the
price action in our favorite markets and looking for any obvious
price action signals that may have formed,
with a focus on the
daily and 4 hour chart time frames.
i work
with price action in the
daily chart for big operation — minimum 100 pips each — and also intrady
with the 15m time frame for multi small 20 pips each — .
Daily chart —
Price action has broke off key level
with a head and shoulder pattern.
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.
The
daily chart shows the RSI moving higher in the bullish zone
with the MACD rising, both supporting more upside
price action.
If you want to fast - forward your learning curve and learn to trade effectively as quickly as possible, check out my
price action trading course here and learn more about
daily chart trading
with simple yet effective
price action strategies.
Now, a day or two has gone by, still no good
price action setups have formed, then you notice as the New York session closes out there is a very nice fakey setup that has formed
with the dominant
daily trend, you enter your trading parameters and let the trade take its course.
When the market retraces back to these value areas, it means we need to pay extra close attention and look for
price action signals to trade
with the dominant
daily chart trend.
All of these setups were
with the recent
daily bearish momentum and worked out quite nicely for savvy
price action traders.
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.
The way that I trade
with the trend is to simply look for one of my high - probability
price action trading strategies to form
with the
daily chart trend, ideally from a «confluent level» within that trend.
Traders can watch the 1 hour and 4 hour charts along
with the
daily, for
price action sell signals on any rotation back up to resistance / value, in order to trade in - line
with the downtrend in this market.
Below are some charts
with classic examples of some of my
price action trading strategies that I use on the 4 hour and
daily charts.
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!
In reality, most professional traders interact
with the market far less frequently than what most people might suspect, and this is especially true for pro traders who trade
price action on the
daily and four hour charts like I do.
Daily Chart —
Price action seems to be in a short - term bullish trend
with a classical setup.
The RSI on the
daily chart is rising and bullish along
with the MACD, both supporting more upward
price action.
With price action using
daily charts this information is really not as important as all your previous teachings.
The 5 - minute chart above shows low points in the Bitcoin
price action that correspond with the lows of the daily bars on the daily chart (labeled on Chart # 1 as Price dips) that have significant down - side wicks on the candlestick
price action that correspond
with the lows of the
daily bars on the
daily chart (labeled on Chart # 1 as
Price dips) that have significant down - side wicks on the candlestick
Price dips) that have significant down - side wicks on the candlestick bar.
Assist in the preparation of the
daily NAV of funds held by our clients, including position and
pricing verification and reconciliation
with oversight of corporate
action processing.
Assistant Manager of a $ 100,000 + a week Store In Charge of Hiring Wrote and Executed Sales, Shrink, and Customer Service Plan Ordered and Worked Load Worked
with Vendors and held them Accountable In Charge of Change order from Bank and
Daily Deposits Opens and Closes Registers
Daily Balances Safe and Nightly Sales Inventories Store Once a Year Execute Weekly Sales Ads and
Price Changes, Return Product Withdraws Scan Damages, Check For Outdated Merchandise Review and Analyze Sales and Profit Report Monthly and Execute
Action Plan to Improve Sales / Profit Very Knowledgeable in One Hour Photo Knowledgeable in Pharmacy, Can Work in Pickup / Drop off Window Train and Developed Employees to Perform Superior Customer Service Over 30 Years of Customer Service Over 30 Years in Retail Cater to Social club
with brother 3 to 4 times a year.
Business Manager — Duties & Responsibilities Manage
daily operations, customer service, and sales staff ensuring profitable operations Recruit, train, and direct staff ensuring they understand the brand and adhere to company policies and procedures Collaborate
with junior level sales people to develop
action plans to govern their performance Responsible for purchasing, logistics, company inventory, and product development Set and strictly adhere to budgets and schedules Oversee corporate accounting ensuring profitable and fiscally responsible operations Consistently meet or exceed sales goals through networking, in personal sales, and other tactics Conduct research on prospective leads and existing clients to assist in developing sales strategies Craft effective sales presentations and proposals, tailoring them to clients based on their specific needs and styles Make cold calls in a courteous, yet assertive manner that translates to sales results Maintain comprehensive records detailing
pricings, sales, activities reports, site visits, and other pertinent data Build and strengthen relationships
with key clients, partners, and community leaders Interact
with support staff and company resources effectively to create the best consumer experience Develop a rapport
with customers and orient them to various products and services Ensure customer satisfaction by maintaining friendly, supportive contact
with existing clients Study internal literature to become an expert on products and services Represent company brand
with poise, integrity, and positivity
Marketing Director — Duties & Responsibilities Experienced administrator
with a background in sales, marketing, and customer service Design and implement comprehensive email marketing campaigns and all collateral material Analyze email trends garnering insight into market conditions and competitor efforts Utilize metrics to determine campaign efficacy, impacted audience, and other key data Develop sales leads through networking, market analysis, cold calling, and other tactics Determine consumer incentives to engage and secure potential clients Collaborate
with multiple departments including product development, customer service, and sales Create and implement processes and procedures to cut costs and enhance
daily operations Recruit, train, and direct staff ensuring they understand the brand and adhere to company policies and procedures Set and strictly adhere to departmental budgets and timelines Craft effective sales presentations and proposals, tailoring them to clients based on their specific needs and styles Collaborate
with junior level sales people to develop
action plans to govern their performance Develop and lead training in customer service and sales best practices resulting in enhanced team skill sets Maintain comprehensive records detailing
pricings, sales, activities reports, and other pertinent data Build and strengthen relationships
with key clients, partners, and community leaders Provide exceptional customer service resulting in client satisfaction and repeat business Represent company brand
with poise, integrity, and positivity
Financial Manager — Duties & Responsibilities Manage
daily operations, sales, and customer service activities for multiple financial institutions Oversee company expansion and branch openings in new markets and territories Manage client assets in excess of $ 285 million across a wide range of investment vehicles Design and implement professional development and employee recognition programs Consistently meet or exceed sales goals through networking, cold calling, and other tactics Represent company brand
with poise, integrity, and positivity Develop a rapport
with customers and orient them to various products and services Encourage high customer retention by maintaining friendly, supportive contact
with existing clients Study internal literature to become an expert on products and services Conduct research on prospective leads and existing clients to assist in developing sales strategies Craft effective sales presentations and proposals, tailoring them to clients based on their specific needs and styles Negotiate and execute contracts
with C - Level decision makers Maintain records of site visits to potential and existing clients to assist in assessing their future needs Collaborate
with junior level sales people to develop
action plans to govern their performance Make cold calls in a courteous, yet assertive manner that translates to sales results Recruit, train, and direct staff ensuring they understand the brand and adhere to company policies and procedures Maintain comprehensive records detailing
pricings, sales, activities reports, and other pertinent data Strictly adhere to budgets and project timelines
Business Manager — Duties & Responsibilities Responsible for
daily operations, sales, and customer service for a variety of businesses Recruit, train, and direct staff ensuring they understand the brand and adhere to company policies and procedures Consistently meet or exceed sales goals through networking, in person sales, and other tactics Represent company brand
with poise, integrity, and positivity Create and implement successful advertising campaigns to generate new business Analyze market trends, consumer behavior, and craft sales strategies Develop a rapport
with customers and orient them to various products and services Encourage high customer retention by maintaining friendly, supportive contact
with existing clients Study internal literature to become an expert on products and services Conduct research on prospective leads and existing clients to assist in developing sales strategies Craft effective sales presentations and proposals, tailoring them to clients based on their specific needs and styles Design and administer sales and customer service training for new team members Collaborate
with junior level sales people to develop
action plans to govern their performance Make cold calls in a courteous, yet assertive manner that translates to sales results Maintain comprehensive records detailing
pricings, sales, activities reports, and other pertinent data Set and strictly adhere to budgets and schedules
Sales Manager — Duties & Responsibilities Responsible for
daily operations, sales, technical support, and customer service for wireless retail business Consistently meet or exceed sales goals through networking, cold calling, and other sales tactics Represent company brand
with poise, integrity, and positivity Develop a rapport
with customers and orient them to various products and services Encourage high customer retention by maintaining friendly, supportive contact
with existing clients Study internal literature to become an expert on products and services Interact
with support staff and company resources effectively to create the best consumer experience Conduct research on prospective leads and existing clients to assist in developing sales strategies Craft effective sales presentations and proposals, tailoring them to clients based on their specific needs and styles Design and administer sales, customer service, and technical support workshops for new team members Negotiate and execute contracts
with C - Level decision makers Collaborate
with junior level sales people to develop
action plans to govern their performance Make cold calls in a courteous, yet assertive manner that translates to sales results Recruit, train, and direct staff ensuring they understand the brand and adhere to company policies and procedures Maintain comprehensive records detailing
pricings, sales, activities reports, and other pertinent data Strictly adhere to budgets and schedules Provide administrative assistance including phones, data entry, and recordkeeping as needed