In the current environment with the Euro getting punished across the board against every major currency and likely even the Iraqi Dinar, as traders we want to be taking advantage of these environments by getting short and staying short. However, …
Price Action Forex Piercing Pattern & Outside Candles Read More »
Reversals are one of the most common elements in markets traders are wanting to either know of to avoid or confirm their trade. The clues to whether a reversal is in play are hidden in the price action and easily …
Using Rejections + Price Action to Trade Reversals Read More »
In one of our previous forex tip articles, we wrote about the inside bar and how it is an important price action formation that can offer great trading opportunities. However it is important to note not all inside bars are …
The Breakout-Retest Trade Here is a simple price action strategy anyone can trade on almost any time frame. This forex breakout strategy is based upon a simple price action formation called the Breakout-Retest formation. The key element involves price breaking …
Effective Trailing Stops One of the most common questions I get from traders is how to trail a trade.There are several solutions and one of them is to have two targets whereby the 1st one gets easily hit and then …
One of the most difficult challenges for traders is finding forex entries and exits. It’s an important question that needs to be answered and can determine if you are; 1. getting in at the correct location 2. can have your …
We have gone over one method to use the 20ema for getting into trends after they have materialized and gotten underway. In this article, we will talk about another common setup trends often form giving us as traders another method …
When trading price action or using price action triggers such as Pbars, Inside Bars, Shaved Bars, etc. it is important to always wait for the bar/candle to close more than anything else. Many people have challenges trading any system because …
Wicks are an interesting phenomenon in price action formations and are virtually a part of every candle.Wicks can form on the top, bottom or both sides of a candle and represent the highs and lows of the price action …
A somewhat common but important price action behavior, and Inside Bar is a candle that is completely inside the previous candles high and low.This is not just referring to the body, but the wicks as well being inside the previous …
