Some of the simplest trading strategies involve using price action. The reason is because when price action trading you are simply looking and reading raw price action. From there you can create any system that suits you.

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Some of the best systems you will find are also the simplest with the clearest rules. Trading with a price action trend can be one of the easiest ways to start increasing your trades odds. The trend is your friend, except at the end when it bends. Two of the easiest ways to find trend trades with price action are using trendlines and moving averages.

When using a moving average you are looking for a clear move in either direction. Using a moving average combination such as the 50 and EMA exponential moving average can also show us when price action is either looking to start a new trend or is strongly trending.

What is Price Action Trading? Complete Guide With PDF Download

Another simple way to find and then trade trends is using trendlines. As the example shows below; price is in a trend higher. Price continues to test the uptrend line. Potential trades could be found in the trend higher at the next test of the trendline. One of the most popular price action strategies is using candlestick patterns. The reason for this is because they are very easy to spot and they can help with entry and exit levels.

The most popular chart type among professional traders is the candlestick chart because it shows the price action in the clearest form. The candlestick chart will also help you easily and quickly spot candlestick signals. The pin bar has a long upper or lower tail, shadow, or wick and a much smaller real body.

A bullish pin bar shows that price is rejecting lower prices. You can see this as the price moved lower, but by the end of the session it had snapped back higher to reject the lower prices. Price tried to move higher, but by the end of the session it had been snapped back lower rejecting the higher prices.

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Engulfing candlesticks are reversal price action signals. Following the first small candlestick price will then form a second candlestick that fully engulfs the first small candle. For example; a bullish engulfing pattern will show that price first formed a small candle, in the second session it moved lower, before reversing and breaking completely above the first candle.

This pattern is a popular candle formation, but does come with some risks. The inside bar candlestick pattern is a two candle pattern that is showing indecision. This shows that price could not break either higher or lower and is indecisive. Whilst one and two candlestick patterns are popular and can show us the very short-term potential, there are other patterns that show what the market is doing overall. These patterns can help us get a far better idea of what side of the market we should be on. The head and shoulders pattern is one of the most reliable trend reversal patterns.

This pattern looks to predict a bullish or bearish trend reversal. This pattern indicates that a stock or Forex pairs price is low and the downward trend is now closed.

7 Top Price Action Traders

This pattern forms after a sustained trend and is incredibly powerful for finding when a market has topped out. The double top is a chart pattern used to describe when the price of a market drops, rebounds and then drops from the same level creating a double top. Traders use triangles because they occur more frequently than some of the other patterns.

Triangle patterns can also be used on different time frames and can last anywhere from a couple weeks to months. There are three common triangle patterns; the symmetrical, ascending, and descending triangles. One of the best ways to create your own price action trading system is to combine different strategies until you find what suits your trading personality. As traders we are all different.

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We see charts slightly differently. We have different risk tolerance levels and we have different favorite markets. Using price action in your trading is no different. A month ago, I attended your 7 secrets webinar but PAT was not cleared.

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There are several different ways to trade price action, […]. Am also new to trading and i dont have a single clue about any thing except the blue and red indicators from metatrader 4…i hope i can learn from you. However this time I want to talk about actually reading the news through the price action strategies that form on your […]. We could then have moved to a lower time frame to look for bullish price action to confirm that this level is likely to […]. Thank you Justin.

Please what currencies pair work perfectly well with price action?. Thank you.. I prefer it because it tells me the result of any news event. Better […]. By using the price action system, you can take the trades with tight stops. Once you have executed […]. Interested in Cryptos? Join My. Free Crypto Newsletter! So what is it, really, you ask?

What is Price Action? The reason price action works, and works well, is because everyone is looking at the same chart, with respect to the same time frame of course. Think of price action as where you should look for trades and your trading strategy as what you should trade. Justin Bennett says Thanks, Colin. I was one of them for almost three years… Thanks for your comment! Justin Bennett says Well said. Thanks for sharing! Thanks Justin Reply.

Darlene Hemple says Wow! There are several different ways to trade price action, […] Reply. Elvis says Am also new to trading and i dont have a single clue about any thing except the blue and red indicators from metatrader 4…i hope i can learn from you Reply. Ghulam jelani says Nice strategy Reply.

However this time I want to talk about actually reading the news through the price action strategies that form on your […] Reply. We could then have moved to a lower time frame to look for bullish price action to confirm that this level is likely to […] Reply. Better […] Reply. Adesoji says This is great. Four simple steps to improving your gold trading performance - My Blog says […] a gold trader, it is important that you learn to trade with the price action trading method.

While this strategy can be traded with just the 4 hour and daily time frames, there is absolutely no sense in sacrificing potential trades because your broker is too outdated to provide new time frames. If you want to get my latest analysis, or want to learn more price action setups, I got you covered. Every Monday I do weekly analysis using my price action strategy. You can check it out on my YouTube channel. If you want a more in-depth guide to my Forex trading strategy you can check out Forex Mastermind. You can read more about Forex Mastermind here.

While the strategy above is an awesome day trading strategy and even a swing trading strategy, for scalping you will need a different approach. In this article, I share my Forex Scalping Strategy. Skip to content. Yes, give me the ebook.

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8 Price Action Secrets Every Trader Should Know About

Chapter 2 Powerful Barriers. Chapter 3 The Story of Price.

Chapter 4 Price Action Setups. Chapter 5 Entering Trades. Chapter 6 Learn More. Chapter 1: My Price Action Trading Strategy My Forex trading strategy is based completely on price action: no indicators, no confusing techniques, just pure price action! What is Price Action Trading?

By using two simple price action techniques. Support and Resistance Areas These are buy and sell areas you can easily identify and place on your chart.