The Price Action

INTRODUCTION
Hi everyone)
My name is Tahir Sultan.I am 22 and a full time price action trader.The only thing i use for my trading is the raw price without any indicators on my charts.I seriously discourage the use of indicators as they simply create confusions and they don,t provide us with something which gives us the high probability of success in the markets for the long time period.The markets are changing constantly and more than often they provide us wrong signals.I only used and still using price action signals happening on a very logical areas which gave me the high probability and edge in the market in the long term.Other than the indicators i also highly discourage the use of market fundamentals and news etc in making my trading decisions because as a price action trader i do believe that everything i need to know is stuffed into the price.I only trade few setups which i named grade 1 with a higher probability of success along with some stricit money management which makes me consistently profitable.So if you want to become a consistently profitable ,successful and a professional trader using this simple trading method then you have come to the right place.You are most welcome)
THE PURPOSE OF THIS THREAD
These days the internet is one hell of a confusing place for the newbies who want to learn trading.First of all there is not a single defined method of making money in the financial markets but few of them works overtime. Secondly you can find a lot of scammers promoting their automatic black box systems and EA,s etc all over the web but the reality is none of them works in the long term.If earning money using that black boxes have been that easy then why there are just few traders who consistently earn money in the markets?Why people are not becomming billionaires using those trading systems online?The internet has revolutionized electronic trading but at the same time it also opened doors for the scammers who can take advantage of the new bies wanted to earn money trading financial instruments.Most of the newbies give up soon because of the confusion,frustation and anger they feel after loosing money.The only way you can get profitable overtime is to learn how price is behaving in the market overtime .
I know the pain,anger and confusion i have been through and i just don,t want others to waste their time,effort and money on those scammy ebooks and black box trading systems etc.I want to educate traders through this thread as much as i can.Trading is not a rocket science and believe me it only looks difficult when we get confused .My trading method is so simple and everyone can learn it .We can easily get successful in trading if we just keep things simple which is part of my trading method.I didn,t invent this method and i have learned it the hard way from someone else.I am not promoting anything and you will get everything thing in this thread which you need to get successful in the markets from finding good high probability setups to good money management and trading physchology 100% free of cost.I am sharing my expereince and giving you everything does not mean that soon you will start making money.I am just showing you the way and you need time, passion and dedication to get successful in the markets.You can ask me anything related to the price action here or you can also PM me or send me an email to [email protected] and will be more than happy to assist you.
RULES OF THIS THREAD
1)We will only use 5 day new york close charts here.A lot of brokers use such charts such as instaforex, fxpro etc
2)We will use 4 hour and above time frame charts because higher the timeframe is the more reliable the price action signal will be.
3)In this thread we will only discuss the price action topic.I want this thread to be on the topic so people visiting this thread always get the help and won,t get confuse.
Regards
Tahir.
IMPORTANT NOTE
BY NO MEANS THIS THREAD IS A TRADING JOURNAL.THIS THREAD IS ABOUT MY TRADING SYSTEM/METHOD THROUGH WHICH I WANT TO EDUCATE PEOPLE BY DISCUSSING IT HERE.I HAVE SENT AN ENQUIRY TO THE FOREX FACTORY TEAM ABOUT MOVING THIS THREAD TO THE "TRADING SYSTEMS"SECTION AND SOON HOPEFULLY I WILL GET THE POSITIVE FEEDBACK

Ok - look forward to seeing some charts and further explanation :-)

Gr8.
Pls. post more.

So you have changed your trading from back in January when you was using indicators and fundamentals?
http://www.forexfactory.com/showthread.php?t=404412

Hi There.

I am brand new to the forex universe, and I am learning all there is to this universe.

Due to working 9-5, I am unable to sit in front of a screen all day and babysit my trades. With all the different "systems" out there, I am leaning more towards the "Price Action" on the daily chart system.

I came across your post and it sounds like its right up my alley so, I am hoping to learn and hone my skills from you.

Looking forward to your posts.

Hey i did research on many systems but nothing worked in the long term so later i discarded them.I actively invloved in the research about different systems and indicators on smalll time frames sucked me.Price is telling me everything i did and it will so i don,t care about the fundamentals.

You are most welcome)

Thanks and welcome to this thread)

My method is very less time consuming and by using this method you will have a peace of mind.No need to stick with your charts all day long ,you just need 1-2 hours daily to look at your charts.You are welcome to this thread)

Subscribed to your thread and waiting eagerly for your explanations, charts etc.

Hello everyone) Today i am gonna show you what exactly a grade 1 setup looks like.Grade 1 setups are those quality setups which gives us the high proability of success and edge in the market in the long term.In the world of trading there is no thing as certain ,the only thing we can do is to stack the odds in our favour.
Below is the 12 hour chart of NZDUSD on which which i took a short trade a while ago.A BEEB(bearish engulfing bar) was formed on a swing high on a very logical resistance area.As it name states it completely engulfed the previous bar which is showing us the sellers are in control .See on the red line which i named KHL(key horizontal level) price respected that level many times as a support later a big bearish bar breaked that support level and later on that level a new resistance has been formed.Our bearish engulfing bar was formed right on that level and you can see the red line is passing right through it.So lets recap what this is showing us?
As we know price move in swings so we have to find the value areas to get into the trade.In the chart below as we can see the price action(BEEB) was formed on a very logical resistance area.Secondly it is with the current downtrend.Thirdly the size of the price action was so convincing which is showing us a strong bearish pressure.Putting all those above points together makes it a grade 1 setup.
And in below second chart you can see price did go in the downward direction.
Thanks.
Tahir.

Welcome)

no mind. which is the mt4 broker you used?

I use insta forex.

Hi everone)Markets are made up of two main elements the buyers and the sellers.These are the two main forces which are driving the markets.In order to get the profit we have to ride along with them but the question is how we can identify the overall market sentiment?And how can we join the buyers and sellers as early as possible with the high probability of success at the given market price so we can get the maximum benefit?That,s where the price action jumps in.Price is always telling us something and if we learn to read it as a whole story then there is no need to get into the market fundamentals.The support and resistance zones on our charts tells us about the buyers and sellers.Below is the weekly chart of GBPUSD which i am watching these days closely.As we can see the price was trading in a range before it breaked up by the resistance and on the level where the red box is present is the level i am looking price to hold as a new resistance on a pull back.As we know price travel in swings old support new resistance and old resitance becomes new support.If price will show us a nice bearish price action signal such as engulfing bars,two bar reversals and pin bars on a logical area and on a swing high then it,s gonna be a high probability short trade.Other than that it,s with the recent downtrend and it,s the good oppurtunity for us to ride with the sellers.
Thanks
Tahir

INTRODUCTION
Hi everyone)
My name is Tahir Sultan.I am 22 and a full time price action trader.The only thing i use for my trading is the raw price without any indicators on my charts.I seriously discourage the use of indicators as they simply create confusions and they don,t provide us with something which gives us the high probability of success in the markets for the long time period.The markets are changing constantly and more than often they provide us wrong signals.As a price action trader you will get change with the changing markets because a price action trader based his decisions purely on how the price is behaving rather on the indicators.So if you learn and master this method then you will have a method forever.I only used and still using price action signals happening on a very logical areas which gave me the high probability and edge in the market in the long term.Other than the indicators i also highly discourage the use of market fundamentals and news etc in making my trading decisions because as a price action trader i do believe that everything i need to know is stuffed into the price.I only trade few setups which i named grade 1 with a higher probability of success along with some stricit money management which makes me consistently profitable.So if you want to become a consistently profitable ,successful and a professional trader using this simple trading method then you have come to the right place.You are most welcome)
THE PURPOSE OF THIS THREAD
These days the internet is one hell of a confusing place for the newbies who want to learn trading.First of all there is not a single defined method of making money in the financial markets but few of them works overtime. Secondly you can find a lot of scammers promoting their automatic black box systems and EA,s etc all over the web but the reality is none of them works in the long term.If earning money using that black boxes have been that easy then why there are just few traders who consistently earn money in the markets?Why people are not becomming billionaires using those trading systems online?The internet has revolutionized electronic trading but at the same time it also opened doors for the scammers who can take advantage of the new bies wanted to earn money trading financial instruments.Most of the newbies give up soon because of the confusion,frustation and anger they feel after loosing money.The only way you can get profitable overtime is to learn how price is behaving in the market overtime.Human behaviour is stuffed into the price and the same swings points has to be repeated to again and again.Obviously price move in swings rather than in a straight line and we have a identify those value areas along with a reliable price action signal so we can trade with the high probability of success with less risk.
I know the pain,anger and confusion i have been through and i just don,t want others to waste their time,effort and money on those scammy ebooks and black box trading systems etc.I want to educate traders through this thread as much as i can.Trading is not a rocket science and believe me it only looks difficult when we get confused .My trading method is so simple and everyone can learn it .We can easily get successful in trading if we just keep things simple which is part of my trading method.I didn,t invent this method and i have learned it the hard way from someone else.I am not promoting anything and you will get everything thing in this thread which you need to get successful in the markets from finding good high probability setups to good money management and trading physchology 100% free of cost.I am sharing my expereince and giving you everything does not mean that soon you will start making money.I am just showing you the way and you need time, passion and dedication to get successful in the markets.You can ask me anything related to the price action here or you can also PM me or send me an email to [email protected] and will be more than happy to assist you.
RULES OF THIS THREAD
1)We will only use 5 day new york close charts here.A lot of brokers use such charts such as instaforex, fxpro etc
2)We will use 4 hour and above time frame charts because higher the timeframe is the more reliable the price action is going to be.
3)In this thread we will only discuss the price action topic.I want this thread to be on the topic so people visiting this thread always get the help and won,t get confuse.
Regards
Tahir.

Hello everyone) Today i am gonna show you what exactly a grade 1 setup looks like.Grade 1 setups are those quality setups which gives us the high proability of success and edge in the market in the long term.In the world of trading there is no thing as certain ,the only thing we can do is to stack the odds in our favour.
Below is the 12 hour chart of NZDUSD on which which i took a short trade a while ago.A BEEB(bearish engulfing bar) was formed on a swing high on a very logical resistance area.As it name states it completely engulfed the previous bar which is showing us the sellers are in control .See on the red line which i named KHL(key horizontal level) price respected that level many times as a support later a big bearish bar breaked that support level and later on that level a new resistance has been formed.Our bearish engulfing bar was formed right on that level and you can see the red line is passing right through it.So lets recap what this is showing us?
As we know price move in swings so we have to find the value areas to get into the trade.In the chart below as we can see the price action(BEEB) was formed on a very logical resistance area.Secondly it is with the current downtrend.Thirdly the size of the price action was so convincing which is showing us a strong bearish pressure.Putting all those above points together makes it a grade 1 setup.
And in below second chart you can see price did go in the downward direction.
Thanks.
Tahir.

Hi everone)Markets are made up of two main elements the buyers and the sellers.These are the two main forces which are driving the markets.In order to get the profit we have to ride along with them but the question is how we can identify the overall market sentiment?And how can we join the buyers and sellers as early as possible with the high probability of success at the given market price so we can get the maximum benefit?That,s where the price action jumps in.Price is always telling us something and if we learn to read it as a whole story then there is no need to get into the market fundamentals.The support and resistance zones on our charts tells us about the buyers and sellers.Below is the weekly chart of GBPUSD which i am watching these days closely.As we can see the price was trading in a range before it breaked up by the resistance and on the level where the red box is present is the level i am looking price to hold as a new resistance on a pull back.As we know price travel in swings old support new resistance and old resitance becomes new support.If price will show us a nice bearish price action signal such as engulfing bars,two bar reversals and pin bars on a logical area and on a swing high then it,s gonna be a high probability short trade.Other than that it,s with the recent downtrend and it,s the good oppurtunity for us to ride with the sellers.For hunting such setups you need a lot of patience and discipline to wait for the price to rebound to its logical S&R area.
Thanks
Tahir

Patience and discipline...two of the most necessary but most elusive elements needed to succeed in this business. :-)

"breaked up by the resistance "

I don't see this, so I assume that you have mistakenly typed the opposite of what you mean?
Did you mean to say that "Price broke downwards, through support" ?