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Simple, Powerful and Effective Price Action Trading Strategies

  • #321
  • Jul 27, 2014 8:15am Jul 27, 2014 8:15am
Quote
GBP/AUD

broke the support and tested it again with todays candle . Further down imho to the next support but how do you manage your entry ?

Manage the entry? Looks like you entered this trade fine. You might want to start thinking about getting out of that one now, as it's very far away from the mean value and is most likely to correct back soon to fill the gap.

Watching out for short opportunities on the GBPUSD for next week's trading...

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The Forex Guy
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #322
  • Jul 28, 2014 7:02pm Jul 28, 2014 7:02pm
Looking out for a mean reversion move on the AUDNZD cross pair...

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See full post here: DOUBLE DAY ON AUDNZD DAILY CHART AT EXTENDED PRICES
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #323
  • Jul 29, 2014 7:05am Jul 29, 2014 7:05am

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The GBPJPY market produced an early Asia session breakout trap which caused a bullish rally to fail and collapse in on itself. The market is now looking very bearish as the New York session comes online.

If the market continues to move lower and breaches the previous day’s low, then we can consider short positions as a bearish breakout trap and reverse trade triggers. One of the things we teach in our War Room Price Action Course is how to take advantage of these failed breakouts and get on the right side of the market while a lot of other traders are getting washed out of their potions.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #324
  • Jul 30, 2014 10:26am Jul 30, 2014 10:26am
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The S&P bulls have had a very good run the last few months, producing a very nice stable up trend. Recently the market has lost it’s upward momentum and appears to be ‘running out of steam’. The mean value has flattened out and is showing characteristics of a neutral market.

The market is clearly having trouble moving past that 1978.50 level. Last session a bearish rejection candle signal was produced when price tried to move through it, and ended up closing much lower than the open price for the day.

The market looks like it’s flattening out and could potentially tip over here. The weekly chart suggests a bearish correction really is needed as price sits too high off the mean value. If price breaks the lows of the bearish rejection candle, we could see this market turn bearish as it starts trading on the negative side of the mean.

The Forex Guy
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #325
  • Aug 1, 2014 10:03am Aug 1, 2014 10:03am
Quoting DnBPriceAct
{image} The S&P bulls have had a very good run the last few months, producing a very nice stable up trend. Recently the market has lost it’s upward momentum and appears to be ‘running out of steam’. The mean value has flattened out and is showing characteristics of a neutral market. The market is clearly having trouble moving past that 1978.50 level. Last session a bearish rejection candle signal was produced when price tried to move through it, and ended up closing much lower than the open price for the day. The market looks like it’s flattening...
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This week we looked at the possibility of the S&P producing a market top. The daily timeframe clearly shows the market struggling to move past a resistance level for a couple of weeks. The candles started to clutter up like cars in a traffic jam suggesting the market didn’t have what it took to move price higher.
A few bearish price action cues suggested we were going to see more weakness in this market. The fact that the market had flattened out and started to drop bearish pin bars. The weekly chart shows the markets to be over extended from it’s mean value, suggesting a correction is due.

The signalling candle offered both the retracement entry and breakout entry option. Once the market started breaking past the lows, the selling intensified and produced a large bearish power candle. We’re still seeing some bearish follow-through today, but it’s probably a good idea to take the money off the table now before the NFP release.

If you would like to learn how to capture moves like the intense sell off we’ve seen in the S&P today, then our War Room Trader package would be suitable for you and worth taking a look at. You can find out more about the war room here:Lifetime War Room Membership Information.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #326
  • Aug 5, 2014 8:28am Aug 5, 2014 8:28am
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Gold has been grinding down slowly the last few weeks, trading on the negative side of the mean value. We've had a few bearish signals along the way but the support level at the $1293 area has been restricting price from moving any lower.

Late last week, the support level was breached, and retested as new resistance this week. The hesitation to move back above as gold respected the swing level has created an Inside Day with some nice bearish tone in the body.

If Gold manages to break down past the Inside Day low, we could see a nice downward move develop from this price action setup.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #327
  • Aug 7, 2014 11:14am Aug 7, 2014 11:14am
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KEEP IT SIMPLE PIPPING
  • #328
  • Aug 7, 2014 11:24am Aug 7, 2014 11:24am
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KEEP IT SIMPLE PIPPING
  • #329
  • Aug 7, 2014 6:48pm Aug 7, 2014 6:48pm
Thanks for sharing your charts, but I am not sure what message you're trying to communicate?

Waiting for a retrace on EURUSD?

EURNZD may see some further weakness if this bearish price action setup plays out...

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Last session the EURNZD cross pair attempted to move past a weekly swing level, but the breakout higher was denied and collapsed back in on itself. The session ended up closing lower than it’s open prices creating a bearish pin bar setup. This signal is against recent upward momentum, but a quick look on the weekly chart shows a very good area for selling on a longer term scale.

This setup offered a retracement entry which some War Room Traders did take advantage of. The setup is now fully confirmed now that price has broken down out of the rejection candle low triggering breakout entries. If this setup plays out to the downside, continuing to weaken, we could see a retest of the next major support level marked on the chart.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #330
  • Aug 7, 2014 8:02pm Aug 7, 2014 8:02pm
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KEEP IT SIMPLE PIPPING
  • #331
  • Aug 7, 2014 8:09pm Aug 7, 2014 8:09pm
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KEEP IT SIMPLE PIPPING
  • #332
  • Aug 11, 2014 2:50am Aug 11, 2014 2:50am
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We’ve been talking about the price action on the big US stock index – the S&P. The S&P has been in a serious uptrend, it’s something traders should be watching with a close eye.

Last week we did see the market fall down from fresh highs back into long term support. The weekly chart beautifully shows the uptrend in place here and the critical support level that we’re focused on. This area on the weekly chart is what we call a bullish ‘hot spot’ due to the fact the area is supported by the mean value and a critical swing level.

The weekly candle did show bullish rejection of the hot spot, which give us price action traders a good reason to get long.


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Zooming into the daily chart we can see a very strong bullish rejection candle that formed last Friday. This candle has an aggressive close up off it’s open price which gives this candle some strong bullish character.

When the weekly and daily chart line up together it produces a very high probability price action setup. We’re waiting to catch any retracement that occurs on the daily chart to tighten up our stop loss and increase the reward potential of the trade.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #333
  • Aug 11, 2014 3:49am Aug 11, 2014 3:49am
DnB,
Excellent thread. Every trader new to FF should read these posts. Simple yet very effective. The only way in my opinion. , Trade well, Teach well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #334
  • Aug 11, 2014 5:36am Aug 11, 2014 5:36am
Hi DN grate system, is there any away you can chair your inside daily bar indicator?
Thank you.
  • #335
  • Aug 11, 2014 10:55am Aug 11, 2014 10:55am
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KEEP IT SIMPLE PIPPING
  • #336
  • Aug 14, 2014 11:22pm Aug 14, 2014 11:22pm
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We recently covered a very nice price action trade setup on the S&P. We were looking at a fantastic buying opportunity on the daily chart, which was backed by firm weekly chart analysis. The level marked on the chart was determined to be a very important turning point in the S&P market, and critical to the over all uptrend on the weekly chart. If this level didn't hold, we could have seen some nasty bearish price action here.

Fortunately for the S&P bulls, the level held and we go a very strong bullish rejection candle here. I set a pending ‘buy on limit’ order at a retracment point. Unfortunately for me, my trade order wasn’t triggered and the setup took off without me. You’ve got to expect the unexpected in the Forex trading game and I’ve learned not to beat myself up over ‘missed’ or ‘lost’ opportunities like this. There will always be another trade around the corner.

Not much going on in the markets at the moment. Some sell signals on the EURUSD but it looks like the momentum has been pretty pitiful this week. Hopefully activity picks up next week.

If you would like to learn how to analyse the charts using price action only and spot excellent trade opportunities like the charts demonstrated here, consider joining us in our Price Action War Room. It’s the perfect fit for traders who serious want to learn how to trade with price action.

Good luck with your trading next week guys.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #337
  • Aug 16, 2014 11:56am Aug 16, 2014 11:56am
Hey DnB,

I have read the thread and like what I see. I have been trading for quite some time but am struggling to be consistently profitable. I m not a complete newbie and have tried many systems and lost a lot of $ in my early days. I am looking for some guidance and a system that is sound, which this one appears to be! I love the idea of no indicators and strictly looking at price action. Maybe you can tell me a little more what the war room is like?

I want to avoid spending another couple hundred if its not my style.

Do people trade together in the war room, or is it more of a forum?
How many ppl on average are in there, and is it active during NY trading time?
Are ppl consistently profitable?

I notice the price increase at the end of August so am considering signing up in the next week or so. How long have you been a member or the war room and do you recommend?

Thanks! Jeremy
  • #338
  • Aug 18, 2014 6:59pm Aug 18, 2014 6:59pm
Quote
I have read the thread and like what I see. I have been trading for quite some time but am struggling to be consistently profitable. I m not a complete newbie and have tried many systems and lost a lot of $ in my early days. I am looking for some guidance and a system that is sound, which this one appears to be! I love the idea of no indicators and strictly looking at price action. Maybe you can tell me a little more what the war room is like?

I want to avoid spending another couple hundred if its not my style.

Do people trade together in the...

The War Room is a learning center / trading community. We have the price action course in there which is the main system, and some extra articles and videos. There is a forum, but most traders tend to flock towards the chat room and talk Forex. Is it most active after the London open and starts to die down after the London close, but there is always someone in there to talk to. We also have our chart of the day and weekly market commentary video which helps extend the price action course into live markets.

There are some traders who trade full time in there yes.

If you want to know anything else, feel free to contact me here: Contact The Forex Guy
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #339
  • Aug 18, 2014 7:02pm Aug 18, 2014 7:02pm
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To start off this trading week we’re looking at a double Inside Day candlestick pattern that has occurred on the NZDUSD daily chart. Both Inside days do have a negative close in there body, giving the setup slightly more bearish value.

Because this market is in a steep downtrend, we are only looking to catch breakouts to the downside, we don’t want to trade bullish into the mean value.

There is weekly support sitting just below, which is concerning. If the weekly level breaks, we will most likely see a large bearish price action event as the market falls into new lows. If the level does hold, then the setup will probably not work out, but our split money management system that we teach inside the War Room is the perfect tool here to remove all risk from this trade setup quickly and easily.

Looking forward to seeing the weekly support fail, but keeping in mind ‘worse case scenario’.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #340
  • Aug 19, 2014 3:14am Aug 19, 2014 3:14am
Quoting jer1234
Hey DnB, I have read the thread and like what I see. I have been trading for quite some time but am struggling to be consistently profitable. I m not a complete newbie and have tried many systems and lost a lot of $ in my early days. I am looking for some guidance and a system that is sound, which this one appears to be! I love the idea of no indicators and strictly looking at price action. Maybe you can tell me a little more what the war room is like? I want to avoid spending another couple hundred if its not my style. Do people trade together...

Hello jer,
The info DnB is posting is very good and I am not affiliated to his site. He also could of showed the nzd/aud set up too as well as the nzd/usd, be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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