daily/weekly price action signal

I am starting this thread to give back what i learn from forexfactory and other places. I blew accounts before arriving at this point.
Please do not mind my English because it is my second language.
I will be posting my trade here that is based purely on price actions, price channel, support and resistance levels nothing more.
CONTACT ME DIRECTLY EMAIL: [email protected] WEBSITE http://schoolofforextrading.com

Monitor DAILY GBPCAD 1.947638 for price action setup for a bullish signal and Watch here http://forexpriceactions.com for continued explanation of various price action signals. I'll be keeping the thread updated with trading setups as they develop. click on the chart for enlargement.

WE HAVE TO MONITOR THESE WEEKLY PAIRS GBPJPY AND USDJPY FOR BULLISH TREND 13/07/2015 TO 17/07/2015
CLICK ON THE CHART TO ENLARGE. If you want to learn how I trade price action with confluence, example, support and resistance and more others, for you to make consistent profit every month subscribe http://forexpriceactions.com I do not take trades without three or more confluence attached to it. For example below, I would have included CADJPY for the weekly trade but it did not meet up with my requirement {confluence}.

WE HAVE TO MONITOR THIS PAIR GBPUSD FOR SELL 14/07/2015
CLICK ON THE CHART TO ENLARGE. If you want to learn how I trade price action with confluence, example, support and resistance and more others, for you to make consistent profit every month subscribe www.forexpriceactions.com I do not take trades without three or more confluence attached to it.

WE HAVE TO MONITOR DAILY EURAUD FOR A BULLISH TREND 16/07/2015
CLICK ON THE CHART TO ENLARGE. If you want to learn how I trade price action with confluence, example, support and resistance and more others, for you to make consistent profit every month subscribe http://forexpriceactions.com I do not take trades without three or more confluence attached to it.

CLICK ON THE CHART TO ENLARGE.
WE HAVE TO MONITOR NZDUSD DAILY AND EURGBP DAILY FOR PRICE ACTION ON THE RED HORIZONTAL LINES. 20/07/2015. I do not take price action trades without three or more confluence attached to it. For more details Click http://forexpriceactions.com

WE HAVE TO MONITOR EURUSD DAILY AND USDCHF DAILY FOR PRICE ACTION ON THE RED HORIZONTAL
LINES. 22/07/2015 CLICK ON THE CHART TO ENLARGE. For you to make consistent profit every month, subscribe to my course. I do not take price action trades without three or more confluence attached to it

WE HAVE TO MONITOR EURUSD DAILY AND USDCHF DAILY FOR PRICE ACTION ON THE RED HORIZONTAL
LINES. 22/07/2015 CLICK ON THE CHART TO ENLARGE. For you to make consistent profit every month, subscribe to my course. I do not take price action trades without three or more confluence attached to it

WE HAVE TO MONITOR NZDCAD WEEKLY FOR PRICE ACTION ON THE RED HORIZONTAL LINES. 27/07/2015
CLICK ON THE CHART TO ENLARGE. For you to make consistent profit every month, subscribe to my course www.forexpriceactions.com I do not take price action trades without three or more confluence attached to it.

CLICK ON THE CHART TO ENLARGE. WE HAVE TO MONITOR USDCAD DAILY, EURAUD DAILY, EURCAD DAILY, GBPAUD DAILY AND GBPNZD DAILY FOR PRICE ACTION ON THE RED HORIZONTAL LINES. 29/07/2015.
For you to make consistent profit every month, subscribe to my course. www.forexpriceactions.com I do not take price action trades without three or more confluence attached to it

No words to say thank you. Very informative and helpful.
One question, How can we analyze so many pairs and how can we easily shift among charts. I use Enter method to select pair. Is there any way or indicator for easy selection of charts?

I sent the trades setups here for you people to analyses and take the trade by yourselves but any one that need my advise should subscribe to my course click here www.forexpriceactions.com because i have an indicator that i do use in filtering bad setups.
You can be an expert in price action candle inditification but you do not have what it takes to make use of it, you will be a failure in the online forex market and those that have what it takes will be making profit consistently every month .

CLICK ON THE CHART TO ENLARGE. WE HAVE TO MONITOR EURAUD DAILY AND NZDCAD DAILY FOR BULLISH PRICE ACTION ON THE RED HORIZONTAL LINES. 03/08/2015.
For you to make consistent profit every month, subscribe to my course. www.forexpriceactions.com I do not take price action trades without three or more confluence attached to it

CLICK ON THE CHART TO ENLARGE. WE HAVE TO MONITOR AUDCAD DAILY FOR BULLISH PRICE ACTION ON THE RED HORIZONTAL LINE. 06/08/2015.
For you to make consistent profit every month, subscribe to my course. www.forexpriceactions.com I do not take price action trades without three or more confluence attached to it

WE HAVE TO MONITOR AUDJPY DAILY AND USDCHF DAILY FOR BEARISH PRICE ACTION AT THE RED HORIZONTAL LINE 07/08/2015.
For you to make consistent profit every month, subscribe to my course. forexpriceactions.com I do not take price action trades without three or more confluence attached to it

Hi Friends.
www.forexpriceactions.com

Creating a profitable trading edge is the cornerstone to all successful trading methods, but more importantly, all successful trading mindsets. Being able to think within a trading edge takes off the pressure of each individual trade as I am about to explain; it lets the trade just focus on making good solid trades time after time, but without worrying about the outcomes, knowing that overall, the edge will take care of the profits.


What is a Profitable Trading Edge?
A profitable trading edge is something that successful/profitable traders use to their advantage, over the market, to make money. An edge is normally derived from a series of rules and systems that the trader has come up with for a set of scenarios, so that they know what to do and when.

The simplest way to explain an edge is to use the casino example and the way they use their edge over the people who come to gamble in their casinos or play their slot machines. On every game in the casino, the casino holds “the edge”. It is not like the casino is not losing from time to time because they are. They are losing all the time and that is why people are playing and coming back to try their luck regularly.

You will often see people winning jackpots or big hands of blackjack, etc. The point is; however, that the casino ALWAYS wins overall and ALWAYS makes a profit and the reason for this is because no matter how many losses they have, all they have to do is continue to play more games and the edge that is stacked in their favor will eventually come out on top and make them more and more profits.

For a trader, an edge is built over many trades and this is the part that most traders miss. An edge is not just four or five trades, but many trades, so that your edge has a chance to work out over the market.


You Are Going to Have Losses, That is Part of a Profitable Edge
With a profitable trading edge, all you can know is that you have an edge over the market, and that over enough trades, you will make a profit. You DO NOT know; however, what trades will be the winners and what trades will be the losers. No matter how good a trade looks, it can still lose. All you can do is find trades that meet your edge rules and pull the trigger.

This is why it is so important to realize that an edge is built over many trades, not just a few, because you are not going to know if you have three losses in a row coming your way or five winners coming up. All you can know is that you have an “Edge” over the market, and that over time and enough trades, ensures you to rise to the top and make profit.

With this system, the same as the casino, it is just a matter of finding as many trades that fit your edges’ criteria and “pulling” the trigger as many times as possible, so as to create profits.

NOTE: One site note about win percentages. You will often hear people say, “I have a 60% win rate” or something similar. Keep in mind what we have just gone through. This does not mean that for every 10 trades, this trader is winning 6 and losing 4; that is not how it works. If you are to have a 60% rate, it means that, for many trades over a long span, you are averaging 60% winners. That is taking into account all the losing streaks where you had 5 losses in a row, all the winners, and everything in between.


Stop Focusing on the NOW Only
The biggest thing you can get out of this lesson is the mindset change because it has the potential to do absolutely HUGE things to your trading if you let it. Just like the casino, you need to first have a profitable trading edge. Then, the most important part is not focusing solely on just each individual trade you make; but rather, working to the bigger picture and working to the edge.

When you are only worried about the individual trade you are putting on, and then the next individual trade you put on, you start to focus on the wins and losses and, if you have a few losses in a row, the pressure can really start to build because of this mindset. This is what the majority of traders are doing. They are going from one trade to the next to the next.

What this also does is it starts to build stress, panic, and trade over-management into trades. Because traders get so focused on the individual trade, they lose focus on building an overall profitable edge.

Here’s an example of what I am talking about. Trader Jo makes a trade and it loses. She is not too happy about it, but at this stage, she is not too concerned. Jo makes another two losses in a row. All of a sudden, Jo starts to panic.

She changes her trading rules. Next to change are her trade management methods because she is now doing anything to make the next trade a winning one and get that good feeling back.


The Ultimate Trading Mindset
The ultimate trading mindset is obviously one that allows you to think freely and make great trading decisions time and time again and this is what building and thinking with a trading edge is all about.

Obviously, the outcome of individual trades makes a difference to the overall bigger pictures, but as explained at the top, you have NO CONTROL over whether your next trade is going to be a winner or a loser.

You don’t know if you are about to hit a string of five winners in a row or 3 losers in a row. You just can never know. All you can know for sure is that you have a profitable edge over the market, over many trades.

So, what is your job? Your job is to remember this, and every single time a setup comes along that fits the criteria of your trading edge, pull the trigger and manage the trade as per your trading rules.

When the losses come - and they will come, don’t let them throw you off your edge and don’t start changing your rules or method. If you change your rules or method during the losses, then you never give your edge a chance to work out and be profitable over the market.

This is one of the most important lessons that can be taught to a trader of any trading method. I highly recommend you create a folder in your email and save it so you can come back if you need to at a later date.

As always, if you have any questions or you just want to chit chat about anything, then hit the reply button and I am just on the other side waiting for you.

Safe trading and all the success,
Miracle

PS: If you are ready to take your trading to the next level, we have the Psychology Course which teaches you how to think with an edge over the market which is very powerful. If you are ready to become a student then signup here: www.forexpriceactions.com

WE HAVE TO MONITOR AUDJPY DAILY AND NZDJPY DAILY FOR BEARISH TREND 11/08/2015.
For you to make consistent profit every month, subscribe to my course. www.forexpriceactions.com
I do not take price action trades without three or more confluence attached to it

WHY SERIOUS TRADERS NEED NEW YORK CLOSE FOREX CHARTS

BY Miracle www.forexpriceactions.com

PROMOTIONAL PRICE
NOTE: If you are going to use our recommended broker for your trading, you will subscribe to our course at a reduction cost of {USD$20} instead of USD$190}
FX CHOICE PAPPERSTONE GO MARKETS
Their links at the end of the article.

This is an extremely important lesson about why you need to be using New York Close Forex Charts to effectively trade the price action confluence strategy i teach my students. If you’re truly serious about your trading, you should pay close attention to what I am going to discuss here… it will make a huge difference in your trading.
Let me explain why New York Close Forex Charts Are So Important…

In a nutshell, traders need to be aware that the normal Forex charts offered by popular forex brokers out there are NOT suitable for professional price action trading or any form of technical analysis in my opinion. If you are a serious trader you need to ensure that you have forex charts which open and close in true alignment with the New York trading session close (this is the real forex market daily closing time). These charts also need to have 5 daily bars per week instead of 6. This will ensure you are seeing the correct price data and you will then be able to analyze the exact same price action signals that myself and all of my members see.
I am going to get into much more detail on this. Most forex brokers simple do not offer the most relevant or effective charts for you to make your trading decisions from. For many beginning traders, the fact that they might be looking at charts that aren’t accurate does not even occur to them. Let me assure you this is something that you NEED to seriously consider before trading live, and you probably won’t read about it on other Forex trading education websites.

Proof That You Need New York Close 5-day Charts
The daily close of the Forex market takes place at 4:59:59 pm NY time and signals the end of the current Forex trading day and the start of the new one which occurs at 5pm NY time as New Zealand / Australia and Asia trading gets underway. The New York close also reflects the close of the 2nd heaviest Forex trading session which is the New York session.

Closing prices are the most important in any market because they reflect who won the battle between the bulls and bears for that session. Also, as a price action trader focusing on the daily chart, we need to see the price action setup close out on the daily chart before we can correctly identify it as a price action signal, and it’s at the daily chart close that many significant price action setups form.
Due to the fact that daily chart trading strategies are critical for all traders to learn, we all need to see the most accurate and relevant daily chart closing price. Traders who are planning on being members of my trading community need to have the correct NY close 5-day charts since my price action confluence strategy are focused around the daily charts and all my members use the correct NY close charting platform.

Not all MT4 (Metatrader4) Platforms are the same, in fact, most MT4 providers are on GMT time and show 6 daily price bars which is very WRONG and will sometimes show “false signals” and this can lead to very big problems. You WILL NOT be able to follow my trading patterns or ideas if you are not using the correct charts.
Example of a Non-New York Close 6-day Chart vs. a New York Close 5-day Chart
Note all the little Sunday bars on the non-New York close chart on the right. These Sunday bars should not be there and they are not relevant; they just take up space and add unnecessary variables to the chart which will confuse you and many times generate false signals. There are only 5 trading days per week in each major currency trading center around the world, but due to the 24hr nature of Forex, some platforms show a “Sunday” bar, this is incorrect and unnecessary…


New York close 5-day charts provide more accurate price action trading signals
If you want the SAME charts and price action bar/candle formations to show up on your charts that my members and I use, you should use New York Close Charts on Meta Trader‘ ‘with the correct data feed.
Most of my members and myself included would have missed the approximate 200 pip move that resulted from the pin bar reversal setup on the NY close chart on the left had we been looking at a Non-New York close chart like the one on the right…


Only a handful of brokers offer a true ’5 Day Chart’ with the correct open and close shape of the daily price bar. My members and I use a 5-day chart with a New York close MT4 data sever to generate my price action confluence strategy Signals. If You are not using New York Close Charts, you won’t see the same trading setups/signals.
Some traders email me asking if they can “adjust” the platform time on their trading platform, and the answer is that you cannot adjust it. The time at which your daily bars close out is set by the broker offering the platform and a broker either offers NY close 5-day charts, or they don’t…

So You Need To Find a Good Broker Who Offers the Correct Charts. See Below For Details of Suggested Brokers & Charts.

WHAT BROKER Has The Correct New York Close Charts ? (Who Can you trust to trade with?)
Whilst we can’t make any guarantees, we’ve certainly done our homework and we work with a broker who offers the correct NY close 5-day charts and they are in my experience, reputable and reliable. My recommended broker offers direct access to bank prices and they run a genuine regulated operation. They also have the correct charts on a mobile dealing platform for your iPhone or mobile. They also offer a wide variety of other markets including CFD’s, Commodities and Indices.

GO TO OUR WEBSITE FOR THE LINKS AND MORE DEATAILS.
www.forexpriceactions.com

WE HAVE TO MONITOR USDCHF DAILY, USDJPY DAILY AND AUDJPY DAILY ON THE RED HORIZONTAL LINES FOR BEARISH TREND 25/08/2015.
For you want to make consistent profit every month, subscribe to my course. I do not take price action trades without three or more confluence attached to it.

For you want to make consistent profit every month, subscribe to my course. I do not take price action trades without three or more confluence attached to it.

Yen Crosses Show Signs of Continued Weakness
Written by Miracle www.forexpriceactions.com

Monday’s massive drop in the Yen crosses was not a one-off event. The catalyst was a culmination of concerns that have been brewing for quite some time and are therefore not likely to dissipate any time soon.
The severity of Monday’s volatility was on pare with the 2008 crisis. While this doesn’t mean that we are on the brink of another global crisis, it does signal that a flight to safety is once again beginning to take shape.

As price action traders we don’t care much about why something happens. Instead we focus on what the chart is telling us by using simple strategies and patterns combined with key levels in the market. That said, paying attention to market sentiment goes a long way regardless of whether you rely on technicals, fundamentals or a combination of the two.
This brings us back to the extreme moves we saw in the Yen crosses during Monday’s session. In order to use it to our advantage we need to understand why it happened. To be succinct, the Yen strength represented a flight to safety due to concerns about the health of the global economy, namely China. That’s all we really need to know as technical traders.
Why is this important, you ask?

It’s important because it’s that kind of fear that will fuel continued Yen strength; and after a move like we saw yesterday, many traders may begin to think that a considerable bounce is in order. As many technicians may claim, the market is “oversold” – a term that is extremely relative in my opinion and doesn’t carry much weight, especially during times of increased volatility and fear.
And while the Yen crosses did attempt to claw their way back from the lows during yesterday’s session, a meaningful bounce isn’t likely given the increased level of fear that persists.

The charts to the right show some of the patterns we were watching yesterday that hinted at the idea that these Yen crosses were gearing up for another leg down. And while these crosses may offer up favorable selling opportunities in the near future, I still prefer EURJPY, mostly due to the fact that unlike other Yen crosses it has yet to sell off aggressively which means we are able to sell it at a premium.
But of course we already covered this one in yesterday’s commentary, so we turn to another Yen cross that also has a ton of room to the downside in USDJPY. The pair recently broke an eight-month support level in the form of a trend line off of the current 2015 low.

Since Monday’s rout, USDJPY has been respecting our key horizontal levels beautifully. This allows us to use these levels to identify favorable selling opportunities. One such opportunity that could materialize this week would come on a daily close below the 118.30 handle.
I especially like this trade idea due to the fact that the next significant support level doesn’t come in until 115.84, giving us 250 pips to work with. Break that and we could see the pair close the gap from last October at 112.30.

Summary: Watch for a selling opportunity on a daily close below 118.30. Key support comes in at 115.84 with a break there exposing the gap from last October at 112.30. Alternatively, a close back above 120.40 would expose former channel support at 122.00.