asiaforexmentor Posted February 20, 2012 Share Posted February 20, 2012 Price Action Forex – Why Forex Trading is Easy with Price Action? There are many answers to why PRICE ACTION is king in forex trading. And why price action in fact is the easiest to trade with in forex trading. Let me give you an easy explanation with the chart above. In the pair above: Eur Gbp It shows the pair in an uptrend. And if we look into the pair, we can easily spot 5 price action entries for us to ride the trend and to profit on. Price Action Forex – Why Forex Trading is Easy with Price Action? Price action (blue box no. 1) It is a pin bar as well as an bullish outside bar (in combination with the bar on the left hand side) It is a good indicator for us to take it long with a buy order. Price action (blue box no. 2) It is another pin bar for us to enter a buy order had we missed the first pin bar. This is also a confirmation pin bar to tell us that the trend is indeed going up. So off it went… Price action (blue box no. 3) It forms a bullish outside bar. Look at the long green bullish bar wrapping the previous smaller bar. Another good price action bar to tell us to take it long. And so it went further… Price action (blue box no. 4) Price move sideways and to form another bullish outside bar. This bullish outside bar indicates that price is possibly going to breakup from it’s sideways trend. And so it did. Price action (blue box no. 5) Price went sideways again to form another price action pin bar. Another indicator to state that it is going to breakup from it’s sideways trend to move further up. Price Action Forex – Why Forex Trading is Easy with Price Action? So you see, in just a pair. We can spot so many price action bars for us to take an entry long. The trick towards trading price action is simple. We usually take price action bars that is together with the trend. So in this scenario, the pair is in an uptrend. Therefore we only take price action bars that is going up. If you look into the chart, you will see price action bars that points down. Those are reversal bars. And we usually skip them. (unless you have enough experience, stay away from reversal price action bars) And you will be glad you stayed away from them as you see, most of the reversal bars did not work out. Price Action Forex – Why Forex Trading is Easy with Price Action? So you see, forex trading is not difficult with price action. The power of price action, in combination with a proper forex trading system, trading psychology & money management = Consistent Profits Ezekiel Chew Asia #1 Forex Mentor Quote Link to comment Share on other sites More sharing options...
currencyoption Posted August 27, 2012 Share Posted August 27, 2012 Very interesting to learn but one should analyze it . Currency Options Quote Link to comment Share on other sites More sharing options...
hardworks Posted August 29, 2012 Share Posted August 29, 2012 I read many price action startegy, its all different from each other. I always read unique contents, is there any common price action strategy. If it is different from each trader, then how can we able to trade. I am confused. Let us discuss. Quote Link to comment Share on other sites More sharing options...
standart Posted April 5, 2013 Share Posted April 5, 2013 I read many price action startegy, its all different from each other. I always read unique contents, is there any common price action strategy. If it is different from each trader, then how can we able to trade. I am confused. Let us discuss. Price action strategy actually is recognition traders for price pattern and formation. its not system but more like trading strategy based on traders knowledge for price movement pattern. all price action trader use candlestick as tool to know what happen with the market. every candle pattern and formation contain information and based this, traders take action in the market. Quote Link to comment Share on other sites More sharing options...
absy111 Posted May 18, 2013 Share Posted May 18, 2013 Very helpful. Thanks for sharing. Quote Link to comment Share on other sites More sharing options...
myregister Posted March 29, 2015 Share Posted March 29, 2015 Easy? Trading with price action does not make your trading easy but easier. At least with price action technique you have some guide to make your trading more profitable. You got those candlestick pattern and even other formations that will help you to know the right trend. Quote Link to comment Share on other sites More sharing options...
pepy Posted February 6, 2016 Share Posted February 6, 2016 Guide and guide, well all technical analysis will help you to make profit and this what makes you have some kind of guide. FX become easier with it(price action) but also with other type of analysis. Price action is based on candlestick formation,so it still debatable either it will give more accurate view about market's trend, usually you combine price action with other indicators. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted August 9, 2022 Share Posted August 9, 2022 Do not hope that there are easy ways in trading. I just want to warn you that this is not the case. Quote Link to comment Share on other sites More sharing options...
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