Hey Steve - that's not true. Check out this article that I wrote... url

Simple, Powerful and Effective Price Action Trading Strategies

image The Australian Dollar showed significant weakness last session when some critical levels were tested. The AUDJPY daily chart demonstrates the rejection of a previous swing low as it held as new resistance. At the new york close, we got a ...

Simple, Powerful and Effective Price Action Trading Strategies

image Looking at some interesting price action on the daily chart here of the AUDCAD. The market has rallied up aggressively this month and reached a major turning point on the chart. Now because the market is a little over stretched and slammed ...

Simple, Powerful and Effective Price Action Trading Strategies

AUDNZD didn't work out, which was surprising considering the quality of the signal. Now AUDNZD has busted higher - looking for any bullish signals that develop there with the emerging upward momentum. The USDCAD trade worked out nicely... image ...

Simple, Powerful and Effective Price Action Trading Strategies

Unfortunately the AUDUSD asia breakout trap didn't follow through enough to hit a good target. There was plenty of chances to get out at break even - especially after the counter trade bullish rejection candle formed. But I have to admit, I seen ...

Simple, Powerful and Effective Price Action Trading Strategies

image An excited start to this week’s trading on the AUDUSD daily chart. Some initial follow through from last week’s bullish momentum caused an early asian session breakout. War Room traders know these type of early breakouts can be trouble – and ...

Simple, Powerful and Effective Price Action Trading Strategies

Thanks for those kind words. Just like everyone here, I am passionate about Forex trading and probably will be until I die Just to update on the EURUSD weekly support situation... image No bullish follow through from that initial 'gap ...

Simple, Powerful and Effective Price Action Trading Strategies

The previous AUDNZD trade idea has been invalided - Price didn't break the low but broke the high instead. We will have to monitor this market for any further sell signals this week. Keep in mind the market is in new territory - trading in all time ...

Simple, Powerful and Effective Price Action Trading Strategies

image Happy New Year Traders! This is the first price action setup for 2015 - a market we've been watching closely, the AUDNZD daily chart. We've been putting up a few posts in the War Room and have been talking about it a lot in the commentary, ...

Simple, Powerful and Effective Price Action Trading Strategies

image We've probably got 2 good days of trading left before the Christmas holidays cut our volatility off Looking at the AUDUSD weakness again - a triple inside day combo has formed due to some right price squeezing consolidation. This thing ...

Simple, Powerful and Effective Price Action Trading Strategies

image The previous setup I covered on the USDSGD didn't actually trigger because the market never punched through those hights. A failed trade can be an opportunity within itself Now this level has been taken out, and all the dynamics of the ...

Simple, Powerful and Effective Price Action Trading Strategies

image Most of the markets showing signs of a slow down as we head in towards the Christmas holiday period. Volatility can still remain right up until the last week of trading, then the market takes pause until mid Jan. The USDSGD has been a hot ...

Simple, Powerful and Effective Price Action Trading Strategies

image It's been very slim pickings this week on the charts, with none of the pairs offering anything of high value to trade. The Yen pairs seem to be experiencing the highest levels of volatility this week - with the weakening USDJPY losing all ...

Simple, Powerful and Effective Price Action Trading Strategies

Unfortunately yesterday's AUDNZD trade idea never triggered, so I've abandoned that sell idea. Ideally, it would be nice if we get a sell signal deeper into the mean value after a bigger correction. Let's wait and see. Check out today's USDCHF ...

Simple, Powerful and Effective Price Action Trading Strategies

This setup hasn't produced much bearish follow through, in-fact this market looks like it is going to break the range top. This is mostly due to the AUD we've been seeing. These range trades can be very tricky. THe markets I am watching now are the ...

Simple, Powerful and Effective Price Action Trading Strategies

image EURAUD is back at the range top once again after a volatile range rotation – where the market sold off aggressively to the range bottom and rotated just as aggressively back to the range top. Last session price overshot the range upper ...

Simple, Powerful and Effective Price Action Trading Strategies

image AUDNZD has been a good mover lately and seems have fallen back into a nice stable bearish trend. The bearish moment just recently pushed price through the floor of a range it has been stuck in. I've labeled the old range support in the chart ...

Simple, Powerful and Effective Price Action Trading Strategies

Absolutely Steve, I did skim over a fundamental article that suggested the move was caused by the ECB planning to offer more stimulus - which definitely would explain the last minute weakness this week.

Simple, Powerful and Effective Price Action Trading Strategies

image The EURAUD range setup pointed out above produced very nice follow through. I've just posted an article about the price action signals that formed on EUR pairs this week. If you're interested in checking it out, I've dropped the link below. ...

Simple, Powerful and Effective Price Action Trading Strategies

The GBPJPY price action combo setup spoken about above has started to launch upwards... image Also a nice range setup has formed on the EURAUD... image EURAUD looks like it is still going to be held in range-bound conditions as the market ...

Simple, Powerful and Effective Price Action Trading Strategies