Would you like to learn secrets of price action trading which is used in every day trading by a 15 years trader? Continue reading on to learn real examples of how price action trading works on Forex, stock futures and gold charts!
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
Secrets of Price Action Trading
1. The Secrets of Price Action Trading
Would you like to learn secrets of price action trading which is used in
every day trading by a 15 years trader? Continue reading on to learn real
examples of how price action trading works on Forex, stock futures and
gold charts!
The following picture shows you how get prepared to trade on FTSE (or
UK100) stock future chart using a 99% probable price action setup. On the 4H
chart (05/15/2019 11:20 AM GMT) pay attention to forming reverse head and
shoulders pattern, price rejections on left shoulder bars and also support
level.
2. Now that you have captured this 99% probable trading opportunity you just
have to wait the price reaches its lows on the right side shoulder in the next
few hours and enter the trade. To pinpoint the exact entry, you can zoom in
the chart to 1H period and study the opportunity more closely.
On 1H chart we see that a minor head and shoulders pattern is forming. Also,
we can draw a minor support level just at the base of the 1H head. Now we
only have to wait and see if the price breaks down this level or not. If yes, our
entry will be at major support level and if no, it is a good signal that the minor
3. head and shoulders pattern will not completed and we can enter at the minor
support level. According to the entry, we set our Stop Loss and let the trade to
make us some nice profit!
The following picture is an example of a 100% winning trade on NASDAQ100
stock future (4H chart) using two price action rules (price rejection pin bars at
support level and price diversion from mean). We have three strong price
rejections at a major support level. Also, the trend is slightly upward and if we
draw an approximate regression line we see that a diversion from mean
impose an upward force on the price. Hence, we conclude that a buy order as
indicated by yellow BUY is a guaranteed winner trade. By daily scanning of
1H and 4H charts you can hunt similar guaranteed trading opportunities on all
financial assets (including forex, gold, crude oil, stock indices and stocks).
4. Following picture shows a price action trade on S&P500 future (again 4H
chart). Meeting support and resistance lines signals a major reversal. Also
multiple price rejections guarantee an upward move at the BUY position.
And on gold 4H chart we have a consolidation zone. Tail price rejection pins
and also a big pull up mean diversion force shows the price will go up at the
breakout. Just buy gold and watch growing your trading account balance!
5. As you see, price action is the easiest, most reliable method of trading. It
works like a charm on all time frames and for all assets. Many successful
traders use price action rules in their daily trading and with some practice you
can use this amazing trading method too.
6. The above information is a brief part of this book:
http://learn-forex.awardspace.us/book.html
To learn the best methods of Forex and stock trading including top price
action rules, 90% profitable chart patterns, automated and model
predictive trading I highly recommend reading this book.
http://learn-forex.awardspace.us/book.html
