No problems Steve. Check out where the S&P is sitting right now, will it cave back into the range? image The S&P has recently broken out of range-bound conditions and make a leg up into new highs. Last week, we seen the market come down off those ...

Simple, Powerful and Effective Price Action Trading Strategies

Yes I agree, Referring back to the chart I posted, if the level breaks we can wait for sell opportunities as all the dynamics on the chart will become bearish. But we still need the price action signal before we pull the trigger. url

Simple, Powerful and Effective Price Action Trading Strategies

The EURAUD bearish trade we've been talking about here actually hit 1:4 last session *cash register sound* image If you're interested here is a post about some of the other price action setups we've been talking about on the site and in the war ...

Simple, Powerful and Effective Price Action Trading Strategies

image Looks like your level ended up holding Jack I guess that doesn't help my argument very much lol - but hey if that support level is breached, which it probably will be because that looks like some serious bearish pressure... then I will be ...

Simple, Powerful and Effective Price Action Trading Strategies

I don't support people who trade news announcements, but aligning your trades up with fundamental events like central bank policies is not a bad idea. I am not really following the central banks moves, I just hear the whispers from other traders - ...

Simple, Powerful and Effective Price Action Trading Strategies

I hope you didn't take offense. It was not meant to be an insult, your chart was just a good opportunity to illustrate the point I was trying to make. Those levels that you marked from previous are swing levels that recent price action has used to ...

Simple, Powerful and Effective Price Action Trading Strategies

image EURAUD just keeps pumping us with sell signals here. url

Simple, Powerful and Effective Price Action Trading Strategies

I just wrote a new article after getting a lot of questions about support and resistance. I used one of the charts you posted Jack - I hope you don't mind. image New Article: 4 SUPPORT & RESISTANCE MISTAKES THAT SCREW YOUR CHARTS UP

Simple, Powerful and Effective Price Action Trading Strategies

Yes this one was our chart of the day for Tuesday's session. image In this week's commentary video, I spoke about the candle which formed on friday - a weak looking rejection candle, that didn't look like a good signal. The location was good but ...

Simple, Powerful and Effective Price Action Trading Strategies

image Ever since the SNB removed their peg and made the CHF a free floating market again, we can start to look for trading opportunities here. The EURCHF has developed into a bullish uptrend after the big event - as we can see higher highs and ...

Simple, Powerful and Effective Price Action Trading Strategies

image The signal is playing out, and even offered the retrace entry. Very nice, clean price action - actually playing ball for a Monday trading session. If the market breaks these recent highs this session, we could see the next move into higher ...

Simple, Powerful and Effective Price Action Trading Strategies

The GBPJPY signal has been heavily discussed by war room traders as well. It is a valid signal, as it did form from a swing level - which is also longer term support level, and is also backed by the dynamic support properties of the trend mean value ...

Simple, Powerful and Effective Price Action Trading Strategies

image The AUDCHF caught my attention this morning after the New York close. The Swiss Franc (CHF) seems to be in a strong downtrend after the big SNB event last month, which has been producing a lot of good price action opportunities on the CHF ...

Simple, Powerful and Effective Price Action Trading Strategies

Well I trade with price action strategies, so I am going to always recommend that. The only other area of interest I have is Renko Candles, which I play around with in my spare time. But they are just a form of price action trading where time is ...

Simple, Powerful and Effective Price Action Trading Strategies

I am a little more conservative these days, and I would have liked to see the rejection candle close lower than the open price. You are showing an example of a rejection candle that close too far up into the candle range - which is not a good ...

Simple, Powerful and Effective Price Action Trading Strategies

image An attempted to break downwards has failed on the AUDUSD today, with the market absorbing the downmove and snapping back higher as we move towards london. These type of asia breakout traps can have potent follow through during the busier ...

Simple, Powerful and Effective Price Action Trading Strategies

image The Swiss France is starting to settle down and stabilize after the big SNB event last month. Liquidity providers are opening their doors again and it's back to business as usual with trading the Franc. The really large drop caused by the ...

Simple, Powerful and Effective Price Action Trading Strategies

image Recently we looked over a strong bullish counter trend setup in the AUDJPY market. A strong, large Rejection Candle formed off a major weekly support level, which has seen good bullish follow through during last week’s trading. So far this ...

Simple, Powerful and Effective Price Action Trading Strategies

You're right, this one was hard get good returns on because it didn't offer any retracement entry. I am just pointing out that it was a good signal and did see good follow through movement, but without the retracement entry up for grabs, the risk ...

Simple, Powerful and Effective Price Action Trading Strategies

Following up on that AUDJPY swing trade... image The bearish rejection candle off the swing level worked out nicely as lower prices fell out of this price action setup. These 'breakout and re-test' around important levels on the daily chart ...

Simple, Powerful and Effective Price Action Trading Strategies