image Just following up on the AUDUSD trade. The bullish rejection candle setup did trigger as anticipated and offer us our 1:3 risk reward money management target. Thankfully this happened quickly because the Aussie dollar couldn't maintain these ...

Simple, Powerful and Effective Price Action Trading Strategies

Still anticipating AUDUSD strength. The Aussie has been a slow mover, stuck in a sideways grind, but bullish pressure is hinting this market is gearing up for an upside breakout. image To reinforce the bullish bias here, a bullish pin bar formed ...

Simple, Powerful and Effective Price Action Trading Strategies

Still waiting for the AUD signals to follow through with bullish momentum. Price stalled towards the end of last week's trading. The AUDCHF dropped two consecutive Inside Days. Just waiting for a breakout of the top of the inside days to consider ...

Simple, Powerful and Effective Price Action Trading Strategies

The Forex market is probably really going to die down now. Not only are the markets quieter than usual with extremely low volatility levels, we're probably starting to see the full effects of summer trading. Here is a disturbing article a friend ...

Simple, Powerful and Effective Price Action Trading Strategies

The USDCAD Daily chart can sometimes be a hostile trading environment. It does whip around a lot and can be a hard market to trade due to the connection with WTI crude oil. I tend to find more clarity on the weekly chart... image The weekly chart ...

Simple, Powerful and Effective Price Action Trading Strategies

Hey guys, Sorry for being late catching up here. We posted this as the 'chart of the day' in the War Room as a potential sell opportunity. But we aborted the trade at breakeven/small loss due to the failed asia breakout to the downside. Also a large ...

Simple, Powerful and Effective Price Action Trading Strategies

Did you manage to catch the bearish movement by selling breaks of the monthly low. I too have also been paying more attention to higher timeframes, focusing a lot on the weekly chart for extra clarity.

Simple, Powerful and Effective Price Action Trading Strategies

image The NZDUSD has produced a nice price action signal to start off this week's trading. It's rare to have a really nice signal waiting for you at the market open, usually they are interrupted by price gapping. This signal shows rejection of the ...

Simple, Powerful and Effective Price Action Trading Strategies

Yes this is a valid short setup. This is what I would call a bearish hot spot on the chart, an idea place for short signals to develop. I am not sure where you got those values from, but I use the 10 & 20 EMAs just incase there was any confusion ...

Simple, Powerful and Effective Price Action Trading Strategies

Not a problem Steve, It is a nice area to consider shorting from (if the market respects dynamic resistance). I would want to see a nice dominant sell signal on the chart before pulling the trigger. I do agree with direwolf. It does look like the ...

Simple, Powerful and Effective Price Action Trading Strategies

image Your analysis was correct, the support area did hold and prompted a bullish response from the market yesterday. No short positions were triggered however because the lows were never breached and no bearish breakout trap trade was triggered.

Simple, Powerful and Effective Price Action Trading Strategies

Yes I know all about it, he is someone I employed to help out with the site. It didn't work out so I kindly let him go, but he got all hostile on me and is now on a revenge path to damage me as much as he can. As part of the work he was doing I ...

Simple, Powerful and Effective Price Action Trading Strategies

A bit of light reading for you guys if you're interested over the weekend. We've been experiencing some harsh trading conditions of the last few months. I've just posted up an article with a fews tips that you can take on during poor trading ...

Simple, Powerful and Effective Price Action Trading Strategies

​ It's not an asia 'trap' unless the breakout fails. This breakout was valid for the simple reason it contained a currency whose economy is active during the asia session - the AUD. Asia breakout traps can occur on currency pairs with asia based ...

Simple, Powerful and Effective Price Action Trading Strategies

Just following up on the bearish breakout trap and reverse trade setup that occurred on the GBPUSD last session... image This is a good example of how catching the momentum as it unfolds can be beneficial as the drop was quite severe. Traders who ...

Simple, Powerful and Effective Price Action Trading Strategies

If a breakout occurs during the Asian session and it fails as the market moves into london trading hours, then it's a good idea to leave it alone. Generally it's a trade signal with itself, the asia breakout trap. These depends on other chart ...

Simple, Powerful and Effective Price Action Trading Strategies

Hey DnB, Thanks for your views snarlyjack. Price action is definitely the way to go. Trading doesn't have to be hard or confusing. i know it can be frustrating at times, especially in the conditions we've been experiencing in the last two months, ...

Simple, Powerful and Effective Price Action Trading Strategies

It was a valid trade setup, we did discuss this in the War Room. The issue with this trade is the range of the candle was small, so we went for the breakout trade like you have. When we use breakout orders, we don't set them until after the London ...

Simple, Powerful and Effective Price Action Trading Strategies

Was watching the USDJPY watching for the price action response at the range bottom this week... image The market did try to dive below the range support containment, but could not maintain the lower prices. A bear trap occurred and the market ...

Simple, Powerful and Effective Price Action Trading Strategies

Yes EURUSD is a good signal but it would be better if it was inline with momentum. Strong rejection from a support level. There is no trend and the signal is against momentum, it looks like a classic range trade to me.

Simple, Powerful and Effective Price Action Trading Strategies