Hey guys, I've just written a new article on Swing trading. If you're interested check it out... image SWING TRADING: AN ANTIDOTE FOR FRUSTRATED TRADERS

Simple, Powerful and Effective Price Action Trading Strategies

The AUDUSD printed an Indecision Candle on the daily time frame. The market is looking very buoyant here floating above the the mean value. image Price is hesistating to move past overhanging resistance. If the Indecision candle highs are broken, ...

Simple, Powerful and Effective Price Action Trading Strategies

A bearish breakout trap and reverse trade has just triggered on GBPAUD, going short on this one. image It feels like forever since I've taken a trade. I am just being very cautious in these hostile market conditions. Lots of mediocre signals ...

Simple, Powerful and Effective Price Action Trading Strategies

Nice one, I hope the range bottom fails and we see a bearish trend develop out of this. It certainly doesn't look good for the Euro... image One of the key benefits of price action, is that you don't have to follow the news to understand what's ...

Simple, Powerful and Effective Price Action Trading Strategies

No retracement entry was offered for the USDJPY signal. It just sold off without retracing, don't you just hate that This is my game plan now... image Waiting for price to test the bottom of the range. I am anticipating a bearish breakout. If ...

Simple, Powerful and Effective Price Action Trading Strategies

After the NFP was released I exited GBPNZD at a small loss. Too much heavy bearish price action digging into this setup. I've lost confidence in it and was happy to take a 1% loss. Looking forward to the USDJPY trade this week.

Simple, Powerful and Effective Price Action Trading Strategies

That's not a simple question to answer. Nice stable trends follow the flow of the 10 & 20 emas and will respect them as dynamic support or resistance. Just have a look back through your chart and you will see what I mean. The currency markets have ...

Simple, Powerful and Effective Price Action Trading Strategies

Still optimistic that we will be able to grab an entry on this setup next week... image I actually have a bearish bias when looking at the AUD and NZD pairs, considering they are breaking down into new lows. image The old resistance level has ...

Simple, Powerful and Effective Price Action Trading Strategies

This looks like a nice long setup. I am currently looking at a strong bullish rejection candle which formed on the GBPNZD daily chart. We anticipated this in some recently posted commentary... image As anticipated the GBPNZD market did retrace ...

Simple, Powerful and Effective Price Action Trading Strategies

I hope everyone had a relaxing Easter break and enjoyed the time off. The markets should pick back up now as things return to normal. One market I am watching is the GBPNZD cross pair. image This bad boy has just broken out of consolidation, and ...

Simple, Powerful and Effective Price Action Trading Strategies

I was waiting for an upside breakout with the core bullish momentum as price was squeezed into a weekly resistance level. The market didn't break higher and no trade was triggered. We've seen the market selling off even since the failed attempted to ...

Simple, Powerful and Effective Price Action Trading Strategies

image Looking at the NZDUSD chart today, price is now wedged between a critical resistance level and a the mean value, which has been acting has dynamic support. Generally in these situations the momentum of the market, and the mean value ...

Simple, Powerful and Effective Price Action Trading Strategies

Watch the EURUSD this week for a buy signal after corrections into support... image After the explosive rally last week on EURUSD, we need to wait for any bullish price action reversal signals form off key support levels to consider pulling the ...

Simple, Powerful and Effective Price Action Trading Strategies

The AUDNZD market moved as I forecasted, but unfortunately I was taken out of the long position image The FOMC dropped some bombs during their announcement and caused a sell off on the AUD. As a result of the news volatility my trade stop was ...

Simple, Powerful and Effective Price Action Trading Strategies

NZDUSD looks like it could be a decent short tomorrow. I don't use any indicators, so I can't comment on how the RSI ties in. But that resistance level is acting like a market top, containing price. The trend looks like it's lost momentum now and ...

Simple, Powerful and Effective Price Action Trading Strategies

Hi Kilopip, I am glad to hear we're on the same page. I don't trade that much, I actually try to remain as disconnect from the charts as I can. I probably take about 4-7 trades per month, 7 is a lot for me. I prefer to take one trade and let it ...

Simple, Powerful and Effective Price Action Trading Strategies

AUDNZD respects old resistance level as new swing level by printing bullish pin bar... image Also waiting for the AUDUSD to pull back to a support level a drop a buy signal... image

Simple, Powerful and Effective Price Action Trading Strategies

image As anticipated we did see some bearish price action as the market broke out of the Indecision Candle and moved away from the range top. The bearish response from this setup was quite strong, and today heading into London trading hours we're ...

Simple, Powerful and Effective Price Action Trading Strategies

That's right Jason, I only understand entry level economics and I am not one to churn through complex algebra either. Reading price action is reading the psychology of the market, and that's really what trading is mostly about, it's a giant ...

Simple, Powerful and Effective Price Action Trading Strategies

image Sell off from two bearish rejection candles occurred last session. Very aggressive bear day with prices falling straight from the open price and closing near the lows there. We're now moving into London trading hours and we can see that the ...

Simple, Powerful and Effective Price Action Trading Strategies