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Simple, Powerful and Effective Price Action Trading Strategies

  • #61
  • Aug 16, 2013 5:22pm Aug 16, 2013 5:22pm
Quoting Forex Lion
Hi Anastasius, I had a look on your webpage, is your site offering the same content as N. Fuller's webpage is offering? Looks very interesting. Have a nice weekend, Forex Lion
Much the same as in they both trade Price Action, Nial focus more on short term time frames eg 1 hour.

You pay more for Nial Fuller but then he has been around a lot longer, which reminds, me, his pictures had not not changed for years, he never speaks anywhere, is he real person?

Have you watched all his videos, read all his articles, follow his tweets, follow his Facebook; because you got most of it already.

I would do that before buying the course.
It takes a lot for me to IGNORE you, but you can try.
  • #62
  • Aug 16, 2013 8:06pm Aug 16, 2013 8:06pm
I am not sure what he teached inside his members area as I am not a member,

Most price action methods will use pin bars and inside bars, they really are the bread and butter foundation of any price action system. There are about 6 price action setups that we follow.

- Rejection Candles
- 2 candle reversals
- Outside Candles
- Breakout trap & Reverse
- Inside Day breakout
- Indecision Breakout
- Power Candle
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #63
  • Aug 19, 2013 4:19pm Aug 19, 2013 4:19pm
http://i.imgur.com/ZLlED9u.png

This market has been trending downwards for a short while now. We can tell from the series of lower lows and lower highs that were developed in the last few weeks that there is notable favour in the bearish side at the moment.

In the last week or so, we witnessed the correctional phase in price action, and the market price was pushed right into a key resistance level.

Price attempted to push higher, but couldn't maintain high prices, and bullish players were gradually overwhelmed by the bears, to push price back downwards. One last attempt of strong bullish breakout and once again, overwhelmed by the bears, pushed right back downwards to create a bearish rejection candle.

This kind of price action leads us to anticipate further down movement in the favour of the main trend direction. We want to see the low of the bearish rejection candle setup broken, as this would be further confirmation that we could be seeing more bearish moves.

We will keep an eye out on this market to see how turns play out.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #64
  • Aug 20, 2013 4:00pm Aug 20, 2013 4:00pm
http://i.imgur.com/hbJxLAv.png

We're looking at EUR/GBP for a possible setup that may form in the near future.

This is currently a bearish trending market that we're looking at, so we'd primarily go for shorting opportunities. We always favour to trade in the direction of the main trend.

On the 14th, price broke through a key support level, which has been time and time again tested by the market, and proven to be a significant level. Currently experiencing its correction phase, price is retracing upwards.

If price reaches the key support/resistance level, a usual "hot spot" on the charts, we can expect to see significant price movement and gauge which kind of position the market is favouring. A bearish price action setup forming at this hot spot would be a clear indicator that the market is not ready to to push higher, and that we could be seeing the continuation of the main trend.

Keep an eye out for this one.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #65
  • Aug 21, 2013 9:03am Aug 21, 2013 9:03am
Quoting DnBPriceAct
{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 against strong momentum like this is an unnecessary risk that we don't want to take. In the last week or so, price experienced its correctional phase and pushed price upwards, right into a key resistance area. Looking at yesterday's daily candle we can see that price attempted to push higher, but higher prices...
An update.

http://i.imgur.com/tJMBzSy.png

The setup we talked about earlier played out as expected, as price was pushed for a further move down. Could have taken upwards of about 1:3 risk-reward on this one.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #66
  • Aug 22, 2013 9:09pm Aug 22, 2013 9:09pm
http://i.imgur.com/TUunWJf.png

EUR/USD has been trending well for a few months now. We can see from the series of swing highs that this has been a strong bullish market recently.

In a market like this, we'd be looking to buy, as we don't want to go against a strong trend in place.

In the past few days, price retraced and approached a key support level. Price couldn't push further downwards, and was rejected by the players surrounding that key level to push price back up to form a bullish rejection candle. This is a hint that the market has more room to move up.

We'd like to see price break out, and break the high of the bullish rejection candle to use as confirmation.

Keep an eye out on this pair.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #67
  • Aug 23, 2013 11:37pm Aug 23, 2013 11:37pm
http://i.imgur.com/R9dncfU.png

A quick update on the EUR/USD setup I talked about earlier.

Things have played out nicely, and we're currently sitting in profit at the moment.

A 50% retracement entry would mean we're currently sitting at 1:1.

We have to be aware of overhead resistance and see how price action develops around those areas. A bearish price action signal, opposing our current position, would be a good hint that we should consider closing the trade.

I'll post updates as the market progresses.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #68
  • Aug 26, 2013 4:02pm Aug 26, 2013 4:02pm
http://i.imgur.com/woTV0su.png

This market has been trending strongly for a while now. We can see that the beginning of strong bearish moves which pioneered this trend began in early July.

The market has slowed down a bit since then, and now we find ourselves into a "hot spot" after price retraced to hit a key resistance level. Price initially pierced through this level, but couldn't maintain higher prices as bearish strength pushed it back down to form a bearish rejection candle setup.

A spinning top, and an inside bar later, we find ourselves with a trio. A break below the range low of the inside candle could be a hint that the market isn't ready to move upwards, and that we could see further lower prices in the future.

This is an interesting one to keep watch on.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #69
  • Aug 26, 2013 7:26pm Aug 26, 2013 7:26pm
Quoting edge540
{quote} One scammer to another....what a joke.You guys respond with the same old cliche's assuming you know all about me when in fact you know nothing.I haven't actually been scammed,unless of course you would call a month on old "Strats" thread a scam.It's interesting to note that "Strat" is a mate of "Jacko",FF's biggest scammer of all time.
Interesting.......I thought I was the biggest scammer on FF.
Move Money !!!
  • #70
  • Edited 6:25pm Aug 27, 2013 3:33pm | Edited 6:25pm
Quoting DnBPriceAct
{image} This market has been trending strongly for a while now. We can see that the beginning of strong bearish moves which pioneered this trend began in early July. The market has slowed down a bit since then, and now we find ourselves into a "hot spot" after price retraced to hit a key resistance level. Price initially pierced through this level, but couldn't maintain higher prices as bearish strength pushed it back down to form a bearish rejection candle setup. A spinning top, and an inside bar later, we find ourselves with a trio. A break...
http://i.imgur.com/SyOGcfU.png

A short update on the USD/CHF setup I posted earlier. As anticipated, the market sold off after a feeble attempt of breaking past key resistance.

We have to keep an eye out on nearby support areas and look closely at how price action develops. A price action candle which contradicts our trade direction would be a good reason to reconsider your positions.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #71
  • Edited 6:25pm Aug 27, 2013 3:38pm | Edited 6:25pm
http://i.imgur.com/R5EObWs.png

GBP/JPY experienced a very strong sell-off after a bearish price action rejection setup formed at a key resistance level.

Bulls tried to push past the key level, but the market wasn't ready to break out higher, thus forming the setup.

In a ranging market like this, we always keep an eye out on how price reacts at strong key support or resistance levels.

A setup like this truly shows how powerful price action trading is.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #72
  • Aug 28, 2013 5:17pm Aug 28, 2013 5:17pm
http://i.imgur.com/taCMAgM.png

This market is currently trending quite strongly. In the last few months, bullish momentum has pushed GBP/CAD higher and higher, making new swing highs along the way.

In the last trading session, price had retraced right onto a key support level or "hot spot" onto the chart. This is an area where we expect significant price action developments to appear.

Bearish pressure couldn't be held, and thus price was pushed right back up to form a significant bullish rejection candle. A classic break and retest setup.

We'd like to see the setup candle range high broken in the next trading session during London/NY, as this is where the best signals usually take off. A break of the high could be a strong hint that the market is ready to push back upwards off the key support level.

Keep watch on this setup.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #73
  • Aug 29, 2013 2:28pm Aug 29, 2013 2:28pm
http://i.imgur.com/A9C467m.png

GBP/CAD is playing out as we anticipated so far. The setup candle range high had broken during New York session.

Price is approaching strong overhead resistance. We have to keep a keen eye on how price action develops at a strong resistance area as a counter-trend signal forming here would be a good reason to reconsider your position.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #74
  • Aug 31, 2013 6:45am Aug 31, 2013 6:45am
http://i.imgur.com/S6OagXH.png

XAG/USD has been trending aggressively bullish for about a month now. Only bullish setups are favourable in this type of market.

Price broke through a key resistance area, which is now attempting to hold as key support. Price experienced its correctional phase, and retraced right onto this key level. This is an area on the charts where we expect significant price action developments.

We'll keep an eye on this pair to see if any bullish price action signals develop that could convince us that there's more to this trend.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #75
  • Aug 31, 2013 9:24pm Aug 31, 2013 9:24pm
One of the most universally accepted opinions in price action trading is that it's always better to trade with the trend. Think about it. It's always better to follow price, rather than go against it.

Following the main trend direction is not only safer, but allows for a greater reward potential.

The best type of trend setup is what is known as a "break and retest", which is a scenario in which price breaks through a key swing, or support/resistance area and retraces back to that level to form a price action signal in the direction in which we wish to trade.

Below is a chart of XAU/USD:

http://i.imgur.com/Z8YmIz2.png

XAU/USD is currently in the midst of an aggressive bullish trend. As a trend makes and breaks swing highs/lows, always look for a price retrace/correctional move back to the swing area, or a key level.

This is usually where significant price action signals develop, as price formations at strong levels such as these usually indicate market bias.

In the XAU/USD chart, we'd like for price to retrace to the marked swing level, and we look for bullish price action signals to form to put us in there if the market decides to move even higher.

In conjunction with good marked levels, learning how to read price action is a very powerful tool.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #76
  • Sep 2, 2013 6:14am Sep 2, 2013 6:14am
http://i.imgur.com/WnrWMOH.png

Continuing from my post above, XAU/USD ended up testing that support level. Looking at the H4 chart to get a closer look at how the market is reacting to this key support level, price was rejected hard and dropped off a long bullish price action signal.

We don't take trades on lower TF charts, however, so this could just be a preview of what's to follow on the daily chart.

Watch the daily chart to see how the daily candle closes.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #77
  • Sep 2, 2013 3:47pm Sep 2, 2013 3:47pm
http://i.imgur.com/J2Wpggq.png

Looking at XAU/USD again, the market ended up dropping a bullish rejection signal on the daily chart.

Price tested the waters at a key swing support level, but was quickly rejected and price pushed right back upwards to form this setup. This kind of price action leads up to anticipate more bullish moves to come.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #78
  • Sep 2, 2013 3:52pm Sep 2, 2013 3:52pm
Quoting DnBPriceAct
{image} GBP/CAD is playing out as we anticipated so far. The setup candle range high had broken during New York session. Price is approaching strong overhead resistance. We have to keep a keen eye on how price action develops at a strong resistance area as a counter-trend signal forming here would be a good reason to reconsider your position.
http://i.imgur.com/izNtf8w.png

Another update.

GBP/CAD is playing out as anticipated, as it continues to move higher off the bullish rejection candle setup that formed a few days ago which hinted to us that there was more up moves to come.

We must always keep an eye out on further price action develops when considering our positions in markets.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #79
  • Sep 3, 2013 7:46pm Sep 3, 2013 7:46pm
Quoting DnBPriceAct
{image} Looking at XAU/USD again, the market ended up dropping a bullish rejection signal on the daily chart. Price tested the waters at a key swing support level, but was quickly rejected and price pushed right back upwards to form this setup. This kind of price action leads up to anticipate more bullish moves to come.
http://i.imgur.com/THM9yqF.png

XAU/USD has taken off from the bullish rejection setup we talked about, and is currently now hovering around 1410-ish. You could have been looking at around 1:2 at the moment.

Keep an eye on this market to see how things develop.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #80
  • Sep 4, 2013 5:08pm Sep 4, 2013 5:08pm
http://i.imgur.com/BFBqjd5.png

Looking at GBP/JPY, we can see that this market recently broke out of a strong range. Last Monday, price pierced through the upper end of the range, and closed above it. Consecutive bullish closes on the daily chart, above the range has confirmed that we've broken out of the range.

The market is currently riding bullish momentum, so we want to trade in that direction. We want to see the market retrace and test the upper range as support and fail to hold.

A bullish price action signal forming at the upper range would be a strong hint that the market isn't ready to push downwards, and that there's more room to go up.

Take note and keep watch on this pair.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
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