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 […]
The Dollar Is Range Bound The Dollar Index has been ranging for the last two months and it looks like that range will continue, at least in the near-term. Last week’s FOMC minutes, the economic data, and lingering COVID-19 epidemic are weighing heavily on the greenback as it is on every world currency. The tug-of-war […]
WTI: A Bottom, Maybe, But Don’t Count On It The Oil Price War has been a major drag on the broad market indices since it began. WTI and Brent were both down more than 50% from their pre-war highs at one point and threaten to undermine a key world industry. The price war helped send […]
What To Expect From The S&P In 500 With the Santa Claus Rally in full effect the time to think about 2020 is at hand. The S&P 500 is up more than 28.6% for the year and on track to post the best year in over 20. Much of this year’s gains are attributable to […]
Bitcoin, It’s About To Have A Major Rally Cryptocurrency market has been languishing over the last two months. The rally driven by Litecoin’s halvening petered out in mid-June and just never got is impetus back. That is, for most cryptocurrencies except Bitcoin. While Litecoin, Ethereum, and Ripple have been testing for support and bobbing along […]