image It's no secret that this particular market has been in a strong up trend for a short while now, which we can see dates from late June. During the past few weeks the market has been consolidating sideways but still holding above the trend ...

Simple, Powerful and Effective Price Action Trading Strategies

image We can see that AUD/NZD is currently in a strong, definitive bearish trend that spans all from March-April. In a strong bearish market like this, we'd only be looking for shorting opportunities to get back into the main trend. Trading ...

Simple, Powerful and Effective Price Action Trading Strategies

We always wait for candles to close before we consider anything, so technically, it isn't an inside bar -yet-. However, based on the range of the previous candle, it's pretty much certain that it'd close as a daily inside bar. It isn't the cleanest ...

Simple, Powerful and Effective Price Action Trading Strategies

It's a strong signal, but we prefer to target the trending markets. The long wick off the lower end of the candle implies strong rejection, and it formed around a solid support area. I wouldn't be shocked to see this one be the start of a move ...

Simple, Powerful and Effective Price Action Trading Strategies

image Trends are where the money is made, and trends are generally a bit hard to come across during Summer trading. AUD/NZD ignores that and has been trending well as of late. Swing lower lows and swing lower highs being formed in succession in ...

Simple, Powerful and Effective Price Action Trading Strategies

Recap on gold. Price didn't break the high of the bullish rejection candle setup after London session. Instead, price moved lower and now looks as if this market is heading downwards. Because we didn't get the break of the high after London, no ...

Simple, Powerful and Effective Price Action Trading Strategies

image To start off the week, we're going back to gold. As one of the few major markets that hasn't been turned into a mess from last week's news events, gold has presented an interesting opportunity. Looking at this market, we can see that price ...

Simple, Powerful and Effective Price Action Trading Strategies

image Due to the currency markets being all sorts of messy this week, here's a little change of pace. Bullish momentum continues to persevere as the S&P is pushed higher into uncharted territory. The unusual and interesting bit is how the major ...

Simple, Powerful and Effective Price Action Trading Strategies

Due to the surrounding effects of all the high impact news releases, such as major whipsaws, spikes, just generally making this a really ugly market, this isn't the type of trading enviroment we'd like to trade. The NFP results are tomorrow, and ...

Simple, Powerful and Effective Price Action Trading Strategies

Unfortunately the bullish setup on the gold chart didn't work out. Here is a chart that DnB put up.... image The problem is we've had no real bullish response from these strong bullish signals, which is a shame. The tip off to today's bearish move ...

Simple, Powerful and Effective Price Action Trading Strategies

image Getting back to EUR/JPY, price did exactly as we anticipated. Higher prices couldn't be maintained as bearish pressure held price down to have the daily candle close as a bearish rejection candle/inside bar combination. From what we can see ...

Simple, Powerful and Effective Price Action Trading Strategies

Well we aren't directly trading into solid support level, there is a bit of room there, we like to trade with momentum and momentum is really good at breaking through levels, so that's what we anticipate. However, some levels do hold and momentum ...

Simple, Powerful and Effective Price Action Trading Strategies

image We can see at a glance that price has historically struggled maintain a good, clear, established trends in this market. In the last few weeks, price attempted to establish a bullish trend, up until a few days ago. Last Friday, price slammed ...

Simple, Powerful and Effective Price Action Trading Strategies

image In the last few weeks in this market, price has continuously made new swing higher highs, and swing higher lows, and has established itself a clear bullish trend. After a slight halt in bullish momentum, price tried to push back downwards, ...

Simple, Powerful and Effective Price Action Trading Strategies

image To finish off this week's trading, we're looking at Silver. We are starting to see the dynamics of a bullish-trending market building up. In the past few weeks, this market has continuously made higher swing highs, suggesting to us that ...

Simple, Powerful and Effective Price Action Trading Strategies

You correctly spotted out an engulfing/outside bar candle, however, this isn't the type of set up we'd trade. We don't favour trading against strong momentum, and the dynamics of GBP/USD tell us that we should be favouring long set ups at the moment. ...

Simple, Powerful and Effective Price Action Trading Strategies

image An update on NZD/USD. Price played this out perfectly for us, as the daily candle that I mentioned above closed as a bullish rejection candle. This kind of price action in the market was hinting to us that higher prices were getting more and ...

Simple, Powerful and Effective Price Action Trading Strategies

You have identified a strong support level there, but I don't see any solid price action signal, none that we use anyway. We do trade outside candles which are also know as engulfing bars, but the low much be lower than the previous candle low and ...

Simple, Powerful and Effective Price Action Trading Strategies

I also forgot to mention that we don't want to go anywhere near that sell button in such bullish conditions. All we see is a bullish market and we're looking bullish price action signals to form near the trend mean value there to get us in the ...

Simple, Powerful and Effective Price Action Trading Strategies

image Pictured above is NZD/JPY on the Daily time frame. At a first glance, we can see that this market has been trending well recently, as the bulls are having their way. Along the way of this bullish momentum, price dropped off a bullish price ...

Simple, Powerful and Effective Price Action Trading Strategies