image We recently covered a very nice price action trade setup on the S&P. We were looking at a fantastic buying opportunity on the daily chart, which was backed by firm weekly chart analysis. The level marked on the chart was determined to be a ...

Simple, Powerful and Effective Price Action Trading Strategies

image We’ve been talking about the price action on the big US stock index – the S&P. The S&P has been in a serious uptrend, it’s something traders should be watching with a close eye. Last week we did see the market fall down from fresh highs back ...

Simple, Powerful and Effective Price Action Trading Strategies

Thanks for sharing your charts, but I am not sure what message you're trying to communicate? Waiting for a retrace on EURUSD? EURNZD may see some further weakness if this bearish price action setup plays out... image Last session the EURNZD cross ...

Simple, Powerful and Effective Price Action Trading Strategies

image Gold has been grinding down slowly the last few weeks, trading on the negative side of the mean value. We've had a few bearish signals along the way but the support level at the $1293 area has been restricting price from moving any lower. ...

Simple, Powerful and Effective Price Action Trading Strategies

image This week we looked at the possibility of the S&P producing a market top. The daily timeframe clearly shows the market struggling to move past a resistance level for a couple of weeks. The candles started to clutter up like cars in a traffic ...

Simple, Powerful and Effective Price Action Trading Strategies

image The S&P bulls have had a very good run the last few months, producing a very nice stable up trend. Recently the market has lost it’s upward momentum and appears to be ‘running out of steam’. The mean value has flattened out and is showing ...

Simple, Powerful and Effective Price Action Trading Strategies

image The GBPJPY market produced an early Asia session breakout trap which caused a bullish rally to fail and collapse in on itself. The market is now looking very bearish as the New York session comes online. If the market continues to move lower ...

Simple, Powerful and Effective Price Action Trading Strategies

Looking out for a mean reversion move on the AUDNZD cross pair... image See full post here: DOUBLE DAY ON AUDNZD DAILY CHART AT EXTENDED PRICES

Simple, Powerful and Effective Price Action Trading Strategies

Manage the entry? Looks like you entered this trade fine. You might want to start thinking about getting out of that one now, as it's very far away from the mean value and is most likely to correct back soon to fill the gap. Watching out for short ...

Simple, Powerful and Effective Price Action Trading Strategies

To recap on this EURAUD trade... image The market sold off from these bearish pin bar signals aggressively and breached the lower support level. This market finally moving again after busting out of the consolidation. I love these fast moving ...

Simple, Powerful and Effective Price Action Trading Strategies

You look like you're doing well with your last few trades. Good job mate!

Simple, Powerful and Effective Price Action Trading Strategies

Here is a bit of reading material to get you guys prepped mentally for the upcoming week's trading... image 6 POWERFUL TRADING PSYCHOLOGY QUOTES FROM MARK DOUGLAS

Simple, Powerful and Effective Price Action Trading Strategies

image The EURAUD cross pair has been churning sideways for some time now, and has been printing meaningless, confusing price action. The last few daily candles have printed some price action that suggests the market is ready to move lower from ...

Simple, Powerful and Effective Price Action Trading Strategies

Just to recap the last GBPJPY setup that was discussed... image Trade didn't turn out as expected. We all know that there is no such thing as 100% success rate so events like this need to be expected, more times than not. An AUDJPY Indecision ...

Simple, Powerful and Effective Price Action Trading Strategies

image The GBPJPY price action has just recently buckled below a support level – which we expected to hold. There was a bullish Inside Day at this level which we did anticipate would break out higher, but the trade setup never triggered. Now ...

Simple, Powerful and Effective Price Action Trading Strategies

image The AUDCAD daily time frame produces a large bearish rejection candle fuelled by the Australian Dollar weakness we've been seeing. The price action signal formed at a key focus point in the downtrend where a swing level is located, and also ...

Simple, Powerful and Effective Price Action Trading Strategies

Sorry Jason, all fixed now. Looking at some Indecision Candles that have formed on the EURCAD daily chart today... image The EURCAD daily chart currently shows a powerful downtrend in motion. These are the market conditions we need to target with ...

Simple, Powerful and Effective Price Action Trading Strategies

I am watching the S&P this week because it's positioned itself into a nice buy position on the daily chart... image This is a perfect area for buying because it's an old resistance level which is now being tested as support. A nice bullish price ...

Simple, Powerful and Effective Price Action Trading Strategies

You simply go back into your chart history and work of the historical data. You can press F12 in mt4 to move the chart forward a candle which is great for manual testing. This article also might be of interest to you as well: Using Price Action ...

Simple, Powerful and Effective Price Action Trading Strategies

A weekend gap is when there is a difference between Friday's closing price and Monday's open price. There will usually be some minor gapping each week, but sometimes events of the weekend can cause large weekend gaps. It's rate but I've seen over ...

Simple, Powerful and Effective Price Action Trading Strategies