My Forex trading strategy is based entirely on price action, no indicators, no confusing techniques, just pure price.I have been developing, tweaking, and improving my price action strategy since 2005. price action forex trading books 80 Price action is fluid, it easily adapts to changing conditions, to different pairs, to different time frames and even to different traders. Most importantly, price action allows you to keep your trading simple.
Keeping Your Trading SimpleThe key principlOverview of Price Action ChartsIf you browse the web, at times it can be difficult to determine if you are looking at a stock charts or hieroglyphics. When you see a chart with a ton of indicators and trend lines, it is likely a trader trying to overcompensate for a lack of certainty.For example, I have talked with traders whose screens look something like the picture below.
Too Many IndicatorsI have even seen some traders that will have 4 or more monitors with charts this busy on each monitor. When you see these sort of chart configurations, you hope that at some point the trader will release themselves from this burden of proof.What if we lived in a world where we just traded the price action. This means no lagging indicators outside of maybe a couple moving averages to help identify dynamic support and resistance areas and trend.
To start viewing threads,select the forum that you want to visit from the selection below. Read about members in the Introduce Yourself forum, or make your way to Newbie Island. Hello my name is Johnathon Fox.I am a professional trader and trade solely using high probability Price Action signals from very good levels along with strict money management and a few techniques to protect capital at all times.
These 10 best price action trading patterns are my favorites, and successful traders use these patterns every day to make money. Be flexible because each has many variations. If you keep your mind open to all possibilities, you will begin to seen them every day, in every market, and on every time frame.So which is the best price action trading pattern for swing trading or for scalping.
Which is the best for Forex markets. What about for day.
Forex books trading price action 80