Simple, Powerful and Effective Price Action Trading Strategies | Page 28 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

Simple and effective 56 replies

Is there any scalping strategy which is simple AND effective? 16 replies

the simple but very effective system with trading records! 61 replies

Candles , not indicators - Simple and Effective 11 replies

Attachments: Simple, Powerful and Effective Price Action Trading Strategies
Exit Attachments

Simple, Powerful and Effective Price Action Trading Strategies

  • #541
  • Jun 29, 2015 10:25pm Jun 29, 2015 10:25pm
There were some good 4 hour buy signals across the yen pairs after the weekend gap.

Surprisingly the EURJPY did the best...

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy h4 buy.jpg Size: 99 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy after.jpg Size: 94 KB


I am not sure why the open price changed on the signal candle... weird.

But that was a nice one - I didn't build the confidence to pull the trigger on it, buying after a severe gap down - now in hindsight it was a great trade.

For more information about my Forex price action swing strategies visit me www.theforexguy.com
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #542
  • Jul 1, 2015 8:58pm Jul 1, 2015 8:58pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad waiting to buy.jpg Size: 108 KB


The markets are very dry at the moment, not really offering too much high quality signals. The major political events in Europe have the market in a holding pattern waiting for the final outcome.

This hasn’t stopped the GBPCAD though, it’s been a power horse of an up trend, breaking into new highs this week.

Now the market has broken through a swing high, we’re waiting for this to come back down and test the level as support. Here we will be waiting for any good buy signals that form.

Bullish price action at this hot spot will confirm the market still has buying strength in it, and demonstrate the trend is ready to continue higher.

For more information about my Forex price action swing strategies visit me at www.theforexguy.com
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #543
  • Jul 2, 2015 6:38pm Jul 2, 2015 6:38pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy inside days.jpg Size: 100 KB


Non Farm Payroll was released last session, 1 day earlier than normal to accommodate for the July 4th holiday for the USA. The impact of NFP was mild on some pairs, but no impact here on the GBPJPY daily chart.

As a result of the indecision, this market has dropped it’s third Inside Day.

A breakout is imminent here and it’s looking like the bearish pressure is on. So I am rooting for a bearish breakout, considering this market is over extended on the weekly chart from it’s 10 week rally.

We’re sitting on a support level at the moment, which is containing price from breaking lower, but if this support breaks and price starts closing below here, this market will have fully transitioned into a bearish market.

Avoiding any breakouts that occur during the Asia session, and will check in to see if it is worth placing a breakout order during London trading.

For more information about my Forex price action swing strategies visit me at www.theforexguy.com
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #544
  • Jul 3, 2015 6:29am Jul 3, 2015 6:29am
Hello Mr. DnB. I am starting trader and just started studying about price action. Thank you for introducing such a good way to see market. And I have a question.

Market trend is importan in trading with price action too. Doesn't it?

Then when the trend is not obvious, How can i trade?

For example... When the price is showing Lower high and Higher low (not Higher high and lower low, or lower high and lower low)... in other word when chart is forming triangle pattern,

How can i trade using price action in this market?

Should i wait for the price to show more clear uptrend or downtrend?

Waiting for response..
  • #545
  • Jul 5, 2015 1:01am Jul 5, 2015 1:01am
Hey DnBPriceAct, I only just found this thread. This is my kind of trading style. Thanks and keep up the good work!
  • #546
  • Jul 5, 2015 4:57pm Jul 5, 2015 4:57pm
Quote
Then when the trend is not obvious, How can i trade?
For example... When the price is showing Lower high and Higher low (not Higher high and lower low, or lower high and lower low)... in other word when chart is forming triangle pattern,
How can i trade using price action in this market?

If you can't read the market, then don't try to trade it. You should only trade what you understand. With experience you will be able to read markets better - but if you're a newbie then you should stick with what you know, especially if you're trading with real money.

Sometimes markets are just unreadable and very hostile - there is nothing you can do about that apart from wait until things clear up and a good signal forms.

For those who are interested - I just released a new trading video...

Attached Image (click to enlarge)
Click to Enlarge Name: video cover gbpjpy audjpy.jpg Size: 71 KB


New Video: CRAZY SWING TRADE ON AUDJPY & GBPJPY – NFP & WEEKEND GAPS
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #547
  • Jul 8, 2015 6:36am Jul 8, 2015 6:36am
Attached Image (click to enlarge)
Click to Enlarge Name: wti oil mean reversion.jpg Size: 98 KB


Crude oil took a dive out of consolidation last week falling down aggressively, and finally found support last session.

When the bulls entered back into the market, they closed the day as a bullish rejection candle, with a closing price that was higher than the open price – which gives the setup a bit more bullish authority.

The market is also over extended from the mean, which supports the idea of a mean reversion trade. This setup has already offered a retracement entry for price action traders and is now looking like it wants to continuing pushing up off the support level.

Traders who want to trade with the bearish momentum can wait until a retracement does occur, then target any sell signals that do form off the old support level. This would make a ‘breakout & re-test’ kind of structured swing trade.

For more information about my Forex price action swing strategies visit me at www.theforexguy.com
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #548
  • Jul 13, 2015 10:52pm Jul 13, 2015 10:52pm
Attached Image (click to enlarge)
Click to Enlarge Name: silver.jpg Size: 102 KB


The Silver market had an active day to start off this week. Prices rallied up higher past the mean value and were quickly rejected.

The rejection of higher prices was sharp, creating a long wicked 4 hour bearish rejection candle which eventually lead to a bearish rejection candle being printed on the daily chart at the close of day.

We can see the trend is bearish here, so the bearish rejection does align nicely with the downward momentum. It would be great if this market offered us a retracement entry, other wise it will be too difficult to get decent ROI from this setup.

Some traders do take the more aggressive approach and use swing levels on the intra day time frames as reference points for their stop losses.

For more information about my Forex price action swing strategies visit me at www.theforexguy.com
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #549
  • Jul 14, 2015 3:34am Jul 14, 2015 3:34am
Good day all

I am starting a chat group for discussion of potential live trade setups based on price action and S/R areas. It is on the Quad App on Android. There will be a main group purely for live trade setups and then subgroups for discussion of other trade ideas and also for social chat. Quad is quite a nice app, it lets you mute groups/subgroups if you do not want notifications from posts in them. The idea is to discuss trade setups on the main group and get limited relevant notifications from this group. The quad name is : FPA Trade Group and the quad ID : FPATGLIVE

Feel free to join anyone who is trading price action!
  • #550
  • Jul 14, 2015 5:43am Jul 14, 2015 5:43am
Quoting Mobber444
Good day all I am starting a chat group for discussion of potential live trade setups based on price action and S/R areas. It is on the Quad App on Android. There will be a main group purely for live trade setups and then subgroups for discussion of other trade ideas and also for social chat. Quad is quite a nice app, it lets you mute groups/subgroups if you do not want notifications from posts in them. The idea is to discuss trade setups on the main group and get limited relevant notifications from this group. The quad name is : FPA Trade Group...
I don't see any "Quad" app when I search Play Store. Other than some quad bike games. What's the exact app name?
  • #551
  • Jul 14, 2015 11:17pm Jul 14, 2015 11:17pm
Here is the link to the app https://play.google.com/store/apps/d...com.quad&hl=en
  • #552
  • Jul 15, 2015 5:22am Jul 15, 2015 5:22am
Still waiting for crude oil to fire upwards, we got another strong bullish rejection candle today.

I just release this new Forex Trading Lesson, here is the link for you guys to check it out. More charts coming soon.


Attached Image


4 MONEY MANAGEMENT MISTAKES THAT YOU DON’T WANT TO MAKE
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #553
  • Jul 15, 2015 5:55am Jul 15, 2015 5:55am
Quoting DnBPriceAct
I just release this new Forex Trading Lesson, here is the link for you guys to check it out. More charts coming soon.
  • #554
  • Jul 15, 2015 8:58pm Jul 15, 2015 8:58pm
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy.jpg Size: 124 KB


CHFJPY has retrace back up the recent down move to re-test an old swing level which is now holding as resistance. We can see the small bearish rejection candle that communicates that price wants to hold under the level.

We havent seem much bearish follow through but an inside day has formed with a thick bearish body.

The mean value is also holding well as dynamic resistance which is a great sign of trend stability.

If price breaks the low of the inside day, breaking free of the consolidation pattern then we might this downtrend stretch out and make its next extension into lower lows.

For more information about my Forex price action swing strategies visit me at www.theforexguy.com
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #555
  • Jul 16, 2015 4:14pm Jul 16, 2015 4:14pm
Hi, I was watching Dale's video on the Breakout Trap and Reverse setup. He used a cool Fib-like tool to map out the risk to reward levels on his chart. Where can I get that tool from?
  • #556
  • Jul 16, 2015 4:31pm Jul 16, 2015 4:31pm
Quoting incognito517
Hi, I was watching Dale's video on the Breakout Trap and Reverse setup. He used a cool Fib-like tool to map out the risk to reward levels on his chart. Where can I get that tool from?
No worries, I modified my Fib tool to do the same.
  • #557
  • Jul 22, 2015 8:23am Jul 22, 2015 8:23am
Quote
No worries, I modified my Fib tool to do the same.

Hi Incognto - That's exactly what I've done. I modified the fib tool

Looking at a reversal signal on there euraud - a good looking trade for swing traders on the h4 chart...

Attached Image (click to enlarge)
Click to Enlarge Name: euraud.jpg Size: 111 KB


The EURAUD market has been dropping lower highs on the 4 hour chart as it progressively weakness, swinging down into lower prices.

The daily chart also is dropping below support levels and look quite bear heavy. The daily chart is testing resistance now, which corresponds to the intra day swing level I have marked on the chart above.

The 4 hour chart shows the better downtrend swinging structure, and we’ve just got a 4 hour bearish rejection candle sell signal form here – terminating the up move, and communicating higher prices are not favored here.

The rejection candle has been open for a couple of hours, and is offering a retracement entry setup. If this price action reversal signal follows through with a bearish move, we may even see a sell signal on the daily chart.

Lets see how it goes.

For more information about my Forex price action swing strategies visit me at www.theforexguy.com
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #558
  • Jul 22, 2015 5:57pm Jul 22, 2015 5:57pm
Attached Image (click to enlarge)
Click to Enlarge Name: stop out.jpg Size: 83 KB


So the trade didn't end up working out. There was no bearish response from the setup and the dominant daily uptrend on the EURAUD daily chart ended up taking over.

This is why it's important to use excellent money management all the time. I am not ashamed to post a losing trade, as it is part of Forex trading.

If this 4 hour signal kicked off a bearish move, it would have most likely produced large reward.

Now just waiting for the next signal

Looking at the NZDUSD daily chart...


Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.jpg Size: 93 KB


The NZD is off to a volatile start this session as the RBNZ drop interest rates and give a statement about their rate cut.

An Inside Day formed last session with a nice bearish body that aligns with the overall downtrend. We can see this area is a 'hot spot' for selling action, as it is an old support level acting as new resistance - with the trend mean value living in the same area.

If the inside day low breaks, we could see the next push down for this bearish market.

For more information about my Forex price action swing strategies visit me at www.theforexguy.com
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #559
  • Jul 23, 2015 5:43am Jul 23, 2015 5:43am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h4.jpg Size: 90 KB


One of the War Room members spotted this setup and I thought I would share it.

The 4 hour chart on the GBPUSD shows a clear resistance level which price has failed to push through on 3 attempts.

The last test of this resistance caused a strong reaction by the bulls, heavily rejecting higher prices and forcing the candle to close lower than the open price.

Now we’ve got a strong bearish rejection candle reversal signal off this resistance level, signalling that prices want to move lower. The anatomy of the candle is also very strong, with the body being so thick on the bearish side, really giving the setup that extra aggressiveness.

For more information about my Forex price action swing strategies visit me at www.theforexguy.com
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #560
  • Jul 24, 2015 10:43am Jul 24, 2015 10:43am
Quoting DnBPriceAct
Looking at the NZDUSD daily chart... {image} The NZD is off to a volatile start this session as the RBNZ drop interest rates and give a statement about their rate cut. An Inside Day formed last session with a nice bearish body that aligns with the overall downtrend. We can see this area is a 'hot spot' for selling action, as it is an old support level acting as new resistance - with the trend mean value living in the same area. If the inside day low breaks, we could see the next push down for this bearish market.
Yup! I'm short on this.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.png Size: 37 KB
0 traders viewing now