If you have been following my price action trading then you may already know that I prefer to analyze the candlesticks and price patterns rather than following indicator-based strategies. That’s why I decided to share a technique I use for trading the trends by first identifying support and resistance areas and breakouts. In my opinion, […]
Not every day is going to be easy to trade–some days are, some days aren’t. Depending on trading style, a tough day for one trader may be a glorious for another, but the fact remains every trader faces tough market conditions. Since I don’t start trading the EUR/USD until well into the European session, nearer […]
Clearing your charts of all indicators forces you to focus on the price. Price movement is what creates profits and losses, and is therefore the most valuable indicator you have. Price Action Entries October 31 was a trending day for the EUR/USD; trending days are relatively easy to trade as long as you trade with […]
Hi everyone, In this article I am going to share with you some trades I took with price action and volume.I took them in an exchange. Each trade has 5 minutes expiry.In all of them I buy contracts in the beginning of the five minutes.Firstly let’s see my trades. As you can see I bought […]
Hello everyone, I’m back finally after a long Christmas and New Years break. I hope that everyone had a wonderful Christmas and a great start to the New Year! While I was away I was reading up extensively on Price Action, in particularly Al Brooks books on price action (they finally came in!). I am […]
11/05/2012 Hello Everyone, so today I have a new strategy that I’ve been working on that I have completed. It’s a strategy that I have been tweaking for quite some time and its pretty simple (to me). I developed this strategy from other strategies I’ve found all over the internet. The best thing you can […]
EUR/USD at Support. Fundamentals to Decide Next Move. U.S. inflation heated up in February, as shown by Friday’s Core PCE Price Index which increased by 0.4% in February, more than the expected 0.3%. This stifled the dollar’s recovery and erased all gains made earlier in the week. The market is still waiting for clarity regarding […]
The Bulls May Take a Break – Sideways Movement Ahead? On Thursday 05 December, Bitcoin surpassed the legendary $100,000 mark and reached an All-Time High at $103,650. Depending on the chart source Bitcoin’s price surpassed even $104,000 but it’s normal for different exchanges to post slightly different prices. Besides, $103K or $104K is not the […]
Textbook S/R Reaction Caps EUR/USD at 1.0900, Gap Closure Probable The U.S. Non-Farm Payrolls report came in much lower than anticipated, showing that only 12,000 jobs were added as opposed to the anticipated 106K and the previous 223K. The report reading has been skewed by hurricanes that devastated the U.S. but also by strikes initiated […]
Bitcoin Shows Another False Break. Top Of The Channel Next? For the fifth consecutive day, U.S. spot Bitcoin exchange-traded funds (ETFs) saw positive net inflows, totaling more than $100 million on Thursday. Leading the pack, BlackRock’s IBIT, the largest spot Bitcoin ETF by net asset value, recorded net inflows of over $72 million and was […]