Attachments: Forex Trading University - Price Action Trading Commentary

Forex Trading University - Price Action Trading Commentary

#61
Apr 15, 2014 3:03pm Apr 15, 2014 3:03pm

lewisbarber
| Commercial User | Joined Dec 2013 | 83 Posts

Daily Forex Trading Commentary - Tuesday 15th April 2014

GBP/USD - Bullish Price Action Pin Bar From Key Support

This pair dropped a large bullish pin bar today from the key support level down at 1.6660. We may get a dip back to intra-day support near 1.6700 before this market pushes higher again - it may well retest key resistance up at 1.6820 over the rest of this week if it can pick up some momentum.

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USD/JPY - Price Basing At Key Support, Dropped Small Pin Bar Too

We've seen a lot of basing at key support in this market and a small bullish pin bar today. This pair may well start to... Click here to keep reading this price action trading commentary.

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About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

#62
Apr 17, 2014 2:16pm Apr 17, 2014 2:16pm

lewisbarber
| Commercial User | Joined Dec 2013 | 83 Posts

Daily Forex Trading Commentary - Thursday 17th April 2014

GBP/USD - Explodes Higher From Bullish Pin Bar

The GBP/USD exploded higher yesterday following the bullish pin bar that we discussed in our market commentary on Tuesday. Today we get a counter-trend bearish pin bar from key resistance so now would probably be a good time to consider taking profit or moving stop-losses to break-even to avoid being caught out by a sell-off. This signal, though, is by no means a sell signal as the trend is still well and truly to the upside.

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USD/JPY - Pops Higher From Bullish Pin Bar At Key Support

This pair popped higher over the last 2 days following the bullish pin bar we discussed in... Click here to keep reading this price action trading commentary.

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#63
Apr 21, 2014 2:27pm Apr 21, 2014 2:27pm

lewisbarber
| Commercial User | Joined Dec 2013 | 83 Posts

Daily Forex Trading Commentary - Monday 21st April 2014

GBP/USD - Consolidating Below Key Resistance, Trend Remains Strong

This pair has consolidated below key resistance over the bank holiday weekend but the trend still remains strong to the upside. We expect to see this market push higher this week or produce a very obvious false-break - we will wait for either scenario to play out before looking to act here.

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#64
Apr 23, 2014 2:43pm Apr 23, 2014 2:43pm

lewisbarber
| Commercial User | Joined Dec 2013 | 83 Posts

Daily Forex Trading Commentary - Wednesday 23rd April 2014

NZD/USD - Consolidating Above Support, Pop Higher To Come?

This pair is consolidating above support at 0.8555 this week and produced a small pin bar today - could we be about to see a pop higher and retest of 0.8745 resistance? The most logical play here would be a buy-stop order above the high of yesterday's bar to trade with momentum behind us.

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#65
Apr 30, 2014 8:39pm Apr 30, 2014 8:39pm

lewisbarber
| Commercial User | Joined Dec 2013 | 83 Posts

Daily Forex Trading Commentary - Wednesday 30th April 2014

EUR/USD - Massive Rejection of Key Support, Look For Entry On Retracement

The EUR/USD produced a massive rejection of key support at 1.3785 today as price exploded higher into the close. From here we could see a move back to key resistance at 1.3965 before price begins to run out of momentum. The most logical entry here would be around the 50% retracement entry of today's bar with stop-losses below the low - this will leave lots of room for good risk / reward on this setup (for educational purposes only).

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#66
May 18, 2014 1:58pm May 18, 2014 1:58pm

lewisbarber
| Commercial User | Joined Dec 2013 | 83 Posts

Daily Forex Trading Commentary - Sunday 18th May 2014

EUR/USD - Bullish Price Action Pin Bar From Key Support

The EUR/USD produced a bullish pin bar from key support on Thursday last week and dipped back to around the 50% retracement level in Friday's trading session. There has been a lot of selling in this market over the last week or so it is advisable to be cautious here. This setup is still very well defined and at a strong support level so has a good chance of success. If traders are able to monitor intra-day price movements it would be good to look for bullish confirmation on the 4-hour / 1-hour timeframe to give extra 'weight' to this setup.

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#67
May 19, 2014 2:30pm May 19, 2014 2:30pm

lewisbarber
| Commercial User | Joined Dec 2013 | 83 Posts

Daily Forex Trading Commentary - Monday 19th May 2014

USD/JPY - Bullish Price Action Pin Bar From Key Support

This pair produced a really nice pin bar from strong support today and we could definitely see a move higher from here. The most logical entry would be around the 101.35 level with stops below today's low (for educational purposes only). I have published my live trade setup in the member's area for those that are interested.

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#68
May 20, 2014 2:13pm May 20, 2014 2:13pm

lewisbarber
| Commercial User | Joined Dec 2013 | 83 Posts

Daily Forex Trading Commentary - Tuesday 20th May 2014

AUD/JPY - Price Breaks Down Below Key Support

Price broke down below key support at 9450 today and looks to be well positioned for a new downtrend. We will wait and see if we get a small retracement before looking to short this market inline with the recent selling pressure.

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Dow Jones - Making Lower Highs, Sell Off To Continue This Week?

This market started to sell off from near 16800 last week and has produced a pattern of... Click here to keep reading this price action trading commentary.

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#69
May 21, 2014 2:44pm May 21, 2014 2:44pm

lewisbarber
| Commercial User | Joined Dec 2013 | 83 Posts

Daily Forex Trading Commentary - Wednesday 21st May 2014

USD/JPY - Unfortunate Shake Out Here Too!

There was a nasty shake-out on this market too today, but the resulting pin bar is really quite nice. Sometimes this happens in trading, and you just have to take it on the chin. There is now another, much better signal, and therfore, it makes sense to consider trading an upside bounce from this setup. Unlike EUR/USD, this pin bar has closed much more bullish.

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#70
May 26, 2014 2:13pm May 26, 2014 2:13pm

lewisbarber
| Commercial User | Joined Dec 2013 | 83 Posts

Daily Forex Trading Commentary - Monday 26th May 2014

AUD/USD - Consolidating Above Key Support, Looking For Price Action Buy Signal

This pair has been consolidating above key support for the last few days now and we are waiting for a good price action buy signal to join this market. There remains a high probability that this pair will start moving back to the top of it's trading range shortly and traders can wait for a price action signal on the daily or 4-hour timeframe to trigger an entry into this market over the next few days. If support at 92.00 breaks on the other hand, we will probably see a significant move lower.

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EUR/JPY - Key Support Holding Strong, Price Action Pin Bar Could Play Out Nicely

The price action pin bar we discussed in our market commentary last week seems to be holding nicely at key support (despite being counter-trend). The fact that the market has... Click here to keep reading this price action trading commentary.

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#71
May 27, 2014 2:25pm May 27, 2014 2:25pm

lewisbarber
| Commercial User | Joined Dec 2013 | 83 Posts

Daily Forex Trading Commentary - Tuesday 27th May 2014

Gold - Large Downside Breakout, Market Closes Below Key Support

The Gold market finally broke out of its consolidation range / triangle today and closed below key support at 1270. We will look for a good price action sell signal over the next few days to trade the new momentum in this market. This signal will either take the form of an inside bar or a pin bar that occurs after a retracement, keep tuned in to our commentary where we will be watching this market closely to see what happens!

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#72
May 29, 2014 3:10pm May 29, 2014 3:10pm

lewisbarber
| Commercial User | Joined Dec 2013 | 83 Posts

Daily Forex Trading Commentary - Thursday 29th May 2014

Crude Oil - Second Chance Short Opportunity Coming Up?

The Crude Oil market popped higher today back towards key resistance, this may well provide traders with second chance to look for short opportunities here with a very good risk / reward opportunity.

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Hang Seng Index - Price Rejects Key Resistance, Forms Price Action Inside Bar Today

We've been watching this market reject key resistance for a few days now. Today we got... Click here to keep reading this price action trading commentary.

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#73
Jun 1, 2014 2:24pm Jun 1, 2014 2:24pm

lewisbarber
| Commercial User | Joined Dec 2013 | 83 Posts

Weekly Forex Trading Commentary - Sunday 1st June 2014

GBP/JPY - Small Price Action Pin Bar at Support Pops Higher, Outside Bar from Last Week Could Play Out From Here

GBP/JPY did dip back quite far following the outside bar / false-break we discussed at 170.00. Prices actually dipped below the low of the false-break bar so may have stopped traders out if they had buy-limit orders pending still. It's usually sensible to cancel pending orders if the market does not play out in 2-3 days, and this market really too 5-6 days to dip back, so we would not recommend holding the limit order we discussed for this long. That being said, we got a small bullish pin bar on Thursday, which seems to have held into Friday's trade as prices did pip higher. From here we mat see a move back to 172.00 and ultimately 173.00 if prices can pick up some good momentum.

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EUR/USD - Look For Sell Signal From Resistance at 1.3670

The downtrend on this market is still intact so we only favour short trades at the moment. We will watch out to see if... Click here to keep reading this price action trading commentary.

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#74
Jun 4, 2014 3:36pm Jun 4, 2014 3:36pm

lewisbarber
| Commercial User | Joined Dec 2013 | 83 Posts

Daily Forex Trading Commentary - Wednesday 4th June 2014

EUR/JPY - Price Stalls Below Resistance, Sell-Stop Below Today's Low?

This market has put in a pretty impressive run higher after its big sell-off and stalled just below key resistance today. The signal we got today isn't really a great price action signal, but we may still see a sell off from these levels. A tactical way to play this would be with a sell-stop order below today's low, which will enable traders to trade any downside movement with momentum on their side.

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Nikkei 225 Index - Bullish Price Action Pin Bar Completes Upside Move, Time To Take Profit!

The bullish pin bar we discussed on the Nikkei 225 Index has... Click here to keep reading this price action trading commentary.

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#75
Last Post: Jun 10, 2014 2:24pm Jun 10, 2014 2:24pm

lewisbarber
| Commercial User | Joined Dec 2013 | 83 Posts

Daily Forex Trading Commentary - Tuesday 10th June 2014

EUR/JPY - Look For Price Action Buy Signal At Support

Well the EUR/JPY market failed to push above resistance at 140.00 and is now moving back to support at 138.00 key support. Here we will watch out for a price action buy signal to trade a move to the top of this current range.

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