Penny Millionaire Review Denne Penny Millionaire Review er ingenting annet enn vår tilbakemelding om denne nylig oppdagede pengemuligheter som heter Penny Millionaire. Det har tatt vår oppmerksomhet på grunn av det faktum at det bruker et unikt konsept for å generere inntekter for sine brukere. Det første vi innser er at Penny Millionaire bare aksepterer 100 søkere på daglig basis. Hvis du blir akseptert, er det nesten en garanti for at du vil tjene en million dollar om 30 dager. Hvorfor Penny Millionaire er SCAM Free Software Hvordan virker Penny Millionaire software Penny Millionaire systemet er avhengig av implementeringen av en kompleks algoritme som analyserer, tolker og deciphers pris svingninger og generere høy sannsynlighet reverseringssignaler som fungerer ganske lik den manuelle gjennomføringen av pris handling Handelsstrategi. Så stort sett implementerer Penny Millionaire en spesialisert algoritme som fokuserer på kompleksiteten i Price Action Trading Strategy sammen med å bruke korrelasjonsanalyse slik at investorer kan maksimere sine investeringer og gjøre mer informerte investeringer. For å bruke denne programvaren, vil du finne det veldig lett å forstå og bruke. Du trenger ikke noen forkunnskaper eller ferdigheter for å få tilgang til denne programvaren. Denne Programvaren er den pålitelige, i motsetning til andre Scam Software som hevder å gjøre falske løfter og hevder å tjene store fortjenester på kort tid. Penny Millionaire er Scam Free Software de lager real time profitt innen 30 dager med et autopilot system. Vi foreslår at du prøver å bruke denne programvaren, du vil elske den, har fortsatt tvil. Ingen bekymringer her er noen flere bevis som viser at det er legitim programvare. 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Gemini 2 Software er Gemini2 APP SCAM eller LEGIT Trading APP Tvilling 2 Programvare gjennomgang av Brandon Lewis CEO of Gemini Holdings er Gemini2 APP Scam eller Legit Trading Software Hva er Gemini 2 Trading APP Alt om Oppdag mer informasjon i min nye ærlige Gemini 2 omtaler for å komme opp til 3K Gemini 2 APP Bonus Gemini 2 APP er en ny spennende binær opsjonshandel Signal APP, Gemini APP Trading Software vil hjelpe deg til å bankere over 9.877.38 per time på Autopilot. Gemini 2 Trading APP aksepterer flere beta-testere som får 100 GRATIS tilgang til Gemini2.co Medlemsområde Nettsted. Hvis du vil bli den nye millionæren i 2017, klikk på Gemini2.co Nettstedet nedenfor8230 Alle i denne vakre verden drømmer om å tjene enkle penger online i livet uten å gjøre mye arbeid. Akkurat som deg, søker I8217m også etter Real Gemini2-vurderinger som kan gjøre livet mitt lykkeligere enn før. Fordi, aksepterer du at du trenger Gemini 2 Trading Software For å tjene ekstra penger og for å oppnå dine økonomiske drømmer. Nylig, Brandon Lewis, som skjer for å være en vellykket online-forhandler, ekspert lanserte Gemini 2 Binary Options Trading System. Gemini 2 APP For Trading er ikke en rask, rik handelsvare. Ærlig talt eksisterer slike ting ikke8282 Hva Gemini 2 Trading APP gjør er at det tilbyr gratis binære handelssignaler til deg som er godt undersøkt av eksperter i opsjonshandel, og som Brandon Lewis og hennes Gemini 2 Software-medlemmer har gjort flere millioner dollar på nettet. For å forstå Gemini 2 APP riktig må du vurdere å lese min ærlige Gemini 2 vurderinger ved å klikke nedenfor: Produktbeskrivelse av Gemini 2 Trading Software APP: Produktnavn. Tvilling 2 Nisje: Binary Options Gemini 2 CEO. Brandon Lewis Official Gemini 2 nettside. Gemini2.co Money-back Promise. Ja (60 dager) Leveringsbeløp. rask levering Gemini2 Bonus tilbud. bekreftende (1000) Last ned Gemini2 APP: Gratis Gemini 2 Resultater Gemini 2 APP er en binær opsjonshandel programvare som er ment å hjelpe nybegynnere handelsfolk bli involvert i binær opsjonshandel med mindre risiko enn tradisjonelle investeringsmuligheter. Gemini 2 programvare ble opprettet av Brandon Lewis som er PRO binær opsjonshandler bak Gemini 2-programvaren. Finn ut alt om Gemini 2 programvare av Brandon Lewis. Hva er Gemini 2 APP Gemini 2 APP er en flott utvikling av en berømt, veletablert og erfaren binær opsjonshandler med et synspunkt for å gjøre det mulig for nye handelsmenn å utføre forskjellige oppgaver med enkelhet og bekvemmelighet. Gemini 2 Trading APP Programvare er i utgangspunktet en binær opsjonshandel programvare som er utviklet for å hjelpe handelsfolk å vinne og forutsi den binære alternativer trenden av deres respektive alternativer. Gemini 2 APP fungerer som en kode for å få økonomisk suksess, viser handelsmenn hvordan de kan tjene penger på nettet, hjelper dem å oppdage forskjellige måter å få store avkastninger på sin investering. Gemini 2 Trading Software gir også analyser av markedsforhold slik at handelsmenn kan vite hva som skal være deres neste skritt. Gemini 2 System gir forskjellige hemmelige handelsstrategier som i siste instans hjelper binære handelsfolk til å tjene tusenvis av dollar bare for noen få dollar. Gemini 2 Anmeldelser Jeg har gjort en stor undersøkelse om Gemini 2 binære opsjonshandel System, tro meg, jeg må bare sjekke all info før jeg starter noen form for handelsvirksomhet. Hva jeg har funnet ut er at Gemini 2 Software er utrolig, binært alternativ trading verktøy som har en virkelig høy ytelse. Da jeg tenkte på å få 95 profitt uten å ta for mye tid, visste jeg bare at jeg måtte prøve Gemini2.co, spesielt når det er gratis akkurat nå. Mens det er nesten umulig for et binært alternativsystem å levere et 100 suksessforhold, men Gemini 2 viser seg å være den mest ressursrike blant alle andre systemer som er tilgjengelige rett ved siden av denne. Den omfattende innsatsprøven som hadde blitt gjort før den faktisk ble offentliggjort, har endelig lønnet seg og har gjort at den stiger som den mest populære binære opsjonshandelsprogramvaren. Gemini 2 Software er sterkt anbefalt handel app til investorer som med 97 nøyaktighet de får å bringe i nærheten av 185 av kostnaden daglig. Tilgjengeligheten til et dedikert Gemini 2 APP-supportteam spiller også en viktig rolle i å hjelpe Gemini 2 APP-medlemmene i tilfelle tvil. Alle pluss poeng kombinert i en sender en ganske positiv melding til alle som trenger en perfekt binær opsjonshandel programvare. Er Gemini 2 APP en Scam Faktisk er det umulig for Gemini 2 Trading APP å være en svindel. Du er bokstavelig talt påmelding for å se en pro-handel. Du kommer til å se ham umiddelbart, i sanntid, hver dag å tjene lønnsomme handler, vinne og miste (og vinne mye mer enn å miste). The Gemini 2 Trading resultater snakker for seg selv. Hes er også nyttig og lærer deg underveis. Jeg er så imponert over Gemini 2 Trading system fordi det er ingen tvil om at det er ekte. De trenger ikke å hype det opp eller gjøre opprørende krav. Fungerer Gemini 2 Egentlig mange Gemini 2 APP Traders vil si at binær handel er en risikofylt virksomhet og har en tendens til å holde seg borte fra det. Men fra min erfaring betyr høy volatilitet HØY RETUR AV INVESTERING. Men dette er hvor Gemini 2 APP kommer inn i spillet, tar den matematiske algoritmen som brukes av Gemini 2 Software til å gjette seg om å velge en vinnende lønnsom handel. Du trenger ikke å være en ekspert. Som jeg sa tidligere, har jeg personlig testet Gemini 2 og funnet suksessfrekvensen er omtrent 97. Jeg vet ikke om deg, men en 97 sjanse for å tjene en lønnsom handel er veldig bra. Jeg har aldri kommet over noe som denne handelsprogramvaren før. Fortsett å lese, nedenfor er min Gemini 2-resultater for den siste uken eller så. Fordelene til Gemini 2: Se over skulderen på en pro hver dag, og du kan lære når du handler. Gjennomsnittlig 97 Vinnende uker med Gemini 2 som betyr mer potensiell fortjeneste for deg Gemini 2 Programvaren er helt gjennomsiktig Ingen tidligere erfaring med binær opsjonshandel nødvendig Gemini er nettbasert, ikke behov for nedlastinger, fungerer også på telefoner, tabletter Du kan også se på Tvilling 2 Signaler fra din telefon (iPhone-brukere Photon Browser) Ingen PC-nedlastinger Kreves Flere handelssignaler hver dag med Gemini 2 Broker Du vil motta gjennomsnittlig 37 til 318 binære handelssignaler daglig som er god nok til at du kan tjene rask fortjeneste for dagen din. Kan slå 250 til 19.927 på få dager. Negativet til Tvilling 2 APP: 100 idiotsikker suksess kan ikke garanteres, men over 97 av mennesker har suksess med Tvillingen 2 Programvare Må ha internettilgang Må ha omtrent en time om dagen (Ikke noe for ingenting her ) Gemini 2 Bottom Line: Hvis du er klar til å begynne å tjene penger online med Gemini Trading. det har aldri vært en bedre mulighet enn nå. Hvis du liker å surfe på nettet i utallige timer på jakt etter de neste Trading Method Secrets, aldri å være i stand til å bli fokusert, være overbelastet med motstridende opplysninger, og ikke tjene penger online, bør du sannsynligvis forlate denne siden akkurat nå og komme tilbake til det Gemini 2 Systemstrategi. Gemini 2 Scam Gemini 2 APP anbefales veldig Hvis du laster ned Gemini 2 Trading APP og begynner å implementere det som lærer deg, har jeg ingen tvil om at du skal tjene penger. Gemini 2 Trading APP er arbeid og det er ikke en svindel. Gemini 2 APP er det som fungerer for meg. Totalt sett er det vel verdt prisen. Gemini 2 APP er sterkt anbefalt Du vil ikke angre på detPris Handling Trading Course Hvis du vil lære om Price Action Trading. da denne forex pris handling kurs kurset vil virkelig hjelpe deg. There8217s mange praktiske handels tips og eksempler på hvordan å handle med pris handling i dette kurset og på slutten av det, vil du virkelig ha en solid forståelse og forhåpentligvis bli en bedre pris handling trader. Jeg må advare deg selv om at denne kurshandlingen kurs er ganske lang og du mange trenger en kopp kaffe8230, men det er ikke kjedelig. At8217s min garanti Hvis du synes det er kjedelig og gi meg beskjed, og jeg vil ansette en komiker for å redigere den :-). For å gi deg en ide om emnene som denne kurshandlingen kurset dekker, bare bla på innholdsfortegnelsen vist ovenfor. Hvis du ser et emne eller kapittel på denne innholdsfortegnelsen nedenfor, som interesserer deg, er alt du trenger å gjøre, å klikke på linken, og du vil bli tatt direkte til kapittelet umiddelbart uten å måtte bla eller lese gjennom alt i dette kurset. Etter at du har gått gjennom kurshandlings kurset, trenger du dette: Innholdsfortegnelse Hold 500 for missen din til å tilbringe 8216 Cuz8217 Denne prisen Handlingskurs er gratis Seriøst damer og herrer, mine handelsmennesker og trofaste forextradingstrategies4u fans. det er forex nettsteder som selger pris handling kurs kurs og gjett hva du kan være ute av lommen med 100-500 eller mer. Bare å gjøre en rask Google Søk etter kurshandlings kurs, her er det du vil se (jeg har nettopp hentet de første 3 jeg så): 1: Nial Fuller8217s Pris Handlingskurs på learningtotraderthemarket selger for 249 for øyeblikket. 3: Og her8217s Al Brooks prishandlings kurs på brookstradingcourse som selger for 249: Så du har to valg: du kan kjøpe disse kursene for kurshandler kurshandel (there8217s ikke noe galt med å kjøpe dem, hvis that8217s hva du vil ha, gå videre, de er en god handel ressurser for deg å få hvis du har penger). Eller hvis du er smart (må jeg huske på det) kan du lese dette kurshandlingsprogrammet jeg fikk inn her gratis, og min eneste forespørsel som et middel til forståelse er at du liker, dele, tweet og til og med nevne dette pris handling kurs hvis du har en sjanse til å gjøre det. Det er alt jeg ber om. Spørsmålet må bli spurt: handler kurset mitt om handel med prishandlinger alt du trenger å vite om handlingshandelen For å svare meg på spørsmålet ditt, må jeg stille deg et spørsmål før jeg kan svare på spørsmålet ditt 8230 du trenger å vite alt om hvordan en bil fungerer fra hvordan motoren fungerer, hva som gjør hjulene til å slå, hvordan det skifter utstyr, hvordan bremsene fungerer etc. etc. etc. før du kjører det eller trenger du bare å vite hvordan du skal sette din bum i bilseteret og kjøre. Så dette kurset for kurshandler kurs er slik, det forteller deg bare hva du trenger å vite og bare ta en titt på bordet av innholdet nedenfor for å se rekke emner som denne kurshandlingen kurset dekker. Som du kan se er det et ganske omfattende og detaljert kurshandlings kurs som gir deg alt du trenger å vite om prishandlingshandel. Nå går let8217s til kapittel 1 i kurshandlings kurs kurspris kurs 8230 Pris KAPITTEL 1: INTRODUKSJON TIL PRISAKSJON For å virkelig forstå prishandling må du studere hva som skjedde i fortiden. Så observer hva som skjer i dagens og forutsi hvor markedet vil gå neste. Uansett hva du kanskje tror, er alle forhandlere prognosere, akkurat som værkmannen. Vetmannen vet hvor vinden blåser fra, ser høytrykks - og lavtrykkssystemene som dannes over landet, vet temperaturvariasjonen, forkjølelsen, den varme fronten du vet hva jeg snakker om, akkurat da hva gjør han Han vil si noe som i morgen , været i Edinburg vil være for det meste skyet, liten sjanse for dusj og muligens solrik på ettermiddagen. Hvordan vet han det vel, fra å studere tidligere data og se hva dagens værssituasjon er for øyeblikket (og i disse dager er deres prediksjon mer pålitelig på grunn av avanserte datamodeller og værsatellitter i rommet). Så handelsmenn er sånn Hvis vi får retningen feil, mister vi penger, vi får det riktig, vi tjener penger. Så enkelt som det. Så alt du skal lese her handler om å prøve å få den retningen rett før du legger en handel. Før du kommer i gang, er det noen ord du kan støte på: Bullishif markedet er opp, det sies å være bullish (uptrend). Bearishif markedet er nede, det sies å være bearish. Bearish Candlesticka lysestake som har åpnet seg høyere og lukket ned, sies å være bearish. Bullish Candlesticka lysestake som har åpnet seg lavere og lukket høyere, sies å være et bullish lysestake. Fare. Belønning Ratioif du risikerer 50 i en handel for å gjøre 150 da din risiko: belønning er 1: 3 som ganske enkelt betyr at du har gjort 3 ganger mer enn risikoen din. Dette er et eksempel på risiko: belønningsforhold. Nå, neste kapittel i kurshandlings kurset, skal du lære hvilken pris handling er og mye mer. Kurs Handling Trading Course KAPITTEL 2: HVA ER PRISAKSJONSMELDING Dette er den grunnleggende definisjonen av prishandelshandel: Når handelsmenn gjør handelsbeslutninger basert på gjentatte prismønstre som en gang har dannet, indikerer de til handelsmannen hvilken retning markedet mest sannsynlig vil bevege seg . Pris handling handel bruker verktøy som diagrammer mønstre, lysestake mønstre, trendlines, pris bånd, markedet swing struktur som upswings og downswings, støtte og motstand nivåer, konsolideringer, Fibonacci retracement nivåer, sving osv. Vanligvis handler pris handling handelsfolk å ignorere den grunnleggende analysen - Den underliggende faktor som beveger markedene. Hvorfor Fordi de tror at alt er allerede diskontert for i markedsprisen. Men det er en ting jeg tror du bør ikke ignorere: store økonomiske nyheter kunngjøringer som renten beslutninger, ikke-farm lønn, FOMC etc. (Hvis du er interessert i trading valuta nyheter, sjekk ut disse nyheter trading strategier: renter nyheter forex handelsstrategi. Non Farm Payroll Forex Trading Strategy forsterker 1 minutt forex-handelsstrategi) Fra min egen erfaring og fra hva jeg har sett, sier jeg at utgivelsen av økonomiske nyheter kan være både en venn og en fiende for dine handler. Heres hva jeg mener med det: Hvis du gjorde en handel i tråd med resultatet av økonomisk pressemelding, står du for å tjene mye mer penger veldig raskt på kort tid fordi utgivelsen av nyhetene ofte har en tendens til å flytte prisen veldig raskt enten opp eller ned på grunn av økt volatilitet. Men hvis handelen din var mot nyhetene, kan du gå bort med alle fortjenestene dine bortkastet eller et tap, og tapet kan være stort fordi markedene kan bevege seg så fort i løpet av den perioden at det også er sjansen for at ditt stoppfall ikke kan utløses. Tabellen under viser og eksempel på hva som kan skje når det er stor forex-fundamental nyhetsmelding: Dette er en opplevelse jeg aldri vil glemme. Jeg handlet en perfekt pris handling setup, handel gikk som jeg forventet, men noen få minutter senere, markedet falt ned veldig raskt. Mitt stoppfall ble aldri utløst på prisnivået der jeg først satte inn. Jeg prøvde å lukke denne handelen så mange ganger jeg kunne, men det var umulig å lukke fordi prisen var langt nede under hvor min stopp-tappris var Pris hoppet mitt stoppfall. Jeg sto akkurat der og så hjelpeløs. Etter det som virket som en evighet, ble handelen stengt av megler til den verste mulige prisen vei-vei-down-down. Denne enehandelen fjernet nesten min handelskonto. I stedet for å miste 2 av min handelskonto, mistet jeg nesten halvparten av det. Jeg skjønte ikke og visste ikke hva som skjedde den kvelden for å få markedet til å bevege seg slik. Jeg kunne ikke sove den kvelden. Senere fant jeg ut at det var en stor økonomisk pressemelding som flyttet markedet slik. Fra den hendelsen har Ive lært min leksjon, så før jeg legger en handel, leder jeg over til forexfabrikatkalenderen for å sjekke om det er noen store konsekvenser som kommer ut før jeg legger inn handler. Hvis det er en gyldig handel oppsett, men hvis jeg ser at tiden er nær en stor nyhet som skal bli annonsert, vil jeg ikke komme inn. Det er unntak hvor jeg skal handle hvis jeg ser at jeg kan plassere mitt stoppfall bak et stort støtte - eller motstandsnivå. De høye nyhetene er fargekodede i rødt. Det er det du ser etter (se figur nedenfor): Heres hva du kan gjøre: Hvis en gyldig handel oppsett skjer, sjekk med forexfactory for å sørge for at det ikke er noen store nyhetsmeldinger som skal gjøres snart som kan påvirke handelen din. Hvis du får nyheter om å bli utgitt, kan du gjøre disse to ting: ikke handle før etter pressemeldingen og vent til markeder begynner å handle igjen, eller hvis du bestemmer deg for å handle, handler små kontrakter fordi markedet er veldig volatilt når nyheten er utgitt . Dette kan fungere for deg eller mot deg. Du må vite hva du gjør i disse tider. Hvis du allerede har en handel som har gått (før nyhetsutgivelsestiden) for en tid og i fortjeneste, tenk på å flytte stoppet tapere eller ta noen fortjeneste fra det bordet i tilfelle markedet går mot deg når nyheten er utgitt . I et ideelt tilfelle ville du ha tatt denne handelen for en stund siden, og at den nåværende markedsprisen er langt borte fra handelens inngangspris, og du ville ha låst noe overskudd allerede, og hvis markedet beveger seg i retning av din handel etter nyheten slipp, du vil tjene mye penger. 3 Viktige grunner til at du bør være handel Pris Handling Pris handling representerer kollektiv menneskelig oppførsel. Menneskelig atferd i markedet skaper noen spesifikke mønstre på diagrammene. Så handlingshandel handler egentlig om å forstå psykologien i markedet ved å bruke disse mønstrene. Det er derfor du ser pris treff støtte nivåer og hopper sikkerhetskopiere. Det er derfor du ser prisen treffer motstandsnivåer og hoder ned. Hvorfor På grunn av kollektiv menneskelig reaksjon Prisaksjon gir struktur til valutamarkedet. Du kan ikke forutsi med 100 nøyaktighet der markedet vil gå neste. Men med prisaksjon kan du i en grad forutse hvor markedet potensielt kan gå. Dette skyldes at prishandlingen gir struktur. Så hvis du kjenner strukturen. Du kan redusere usikkerheten til en viss grad og forutsi med viss grad hvor markedet vil gå neste gang. Pris Handling bidrar til å redusere markedsstøy og falske signaler. Hvis du handler med stokastiske eller CCI-indikatorer osv., Har de en tendens til å gi for mange falske signaler. Dette er også tilfellet med mange andre indikatorer. Prishandling bidrar til å redusere slike falske signaler. Pris handling er ikke immun mot falske signaler, men det er et mye bedre alternativ enn å bruke andre indikatorer som i hovedsak er avledet av rå pris data uansett. Prishandling bidrar også til å redusere støy. Hva er støy Markedsstøy er ganske enkelt alle prisdataene som forvrenger bildet av den underliggende trenden, dette skyldes for det meste små priskorrigeringer og volatilitet. En av de beste måtene å minimere markedsstøy er å handle fra større tidsrammer i stedet for å handle fra mindre tidsrammer. Se de 2 diagrammene nedenfor for å se hva jeg mener: Og sammenlign nå markedsstøy i 4-timers diagrammet (merk den hvite boksen på diagrammet som tilsvarer området av 5min-diagrammet ovenfor): Mindre tidsrammer har en tendens til å ha for mye støy og mange handelsfolk går seg villet i mindre tidsrammer fordi de ikke forstår at den store trenden i den større tidsrammen er den som faktisk driver det som skjer i de mindre tidsrammer. Men etter å ha sagt det handler jeg i mindre tidsrammer ved å bruke handelsoppsett som skjer i større tidsrammer. Jeg gjør dette for å komme inn på et bedre pris og holde stoppet mitt stramt. Dette kalles multi-time trading, og jeg vil også dekke dette på kapittel 16 for å vise deg nøyaktig hvordan det er gjort. Er pris handling gjeldende til et hvilket som helst annet marked Svaret er ja. Alle prishandlingsspørsmålene som er beskrevet her, gjelder for alle markeder. Her skal jeg mest snakke med hensyn til å bruke prishandling i valutamarkedet, men som jeg har nevnt, er konseptene universelle og kan brukes på alle finansielle markeder. Pris Handling Trading gjør at du kan handle med en kantpris Handling Trading handler om handel med en kant. Hva er en trading edge Vel, sett ganske enkelt betyr det at du trenger å handle når oddsen er i din favør. Ting som: Trading med trenden Trading With Price Action Bruke pålitelige diagrammønstre og lysestake mønstre. Handler med støtte og motstandsnivåer. Gjøre vinnerne dine større enn dine tapende handler. Handle kun i større tidsrammer. Venter tålmodig på de riktige handelsoppsettene og ikke jager handler. Alle disse tingene ovenfor hjelper deg med å handle med en kant. De kan ikke være spennende og sannsynligvis har du hørt om disse før, men heythis ting er det som skiller vinnerne fra tapere. Hva handler Action Trading er ikke Prishandlingshandel vil ikke gjøre deg rik, men prishandlingshandel med riktig risikostyring kan gjøre deg til en lønnsom handelsmann. Noen av dere vil gå gjennom denne veiledningen og lære og tjene mye penger, men noen av dere vil mislykkes. Det er akkurat slik livet er. Pris handling handel er ikke den hellige gralen, men det sikkert slår ved hjelp av andre indikatorer (de fleste som ofte forsinket og en avledet av pris handling uansett). Pris handling handel vil ikke gjøre deg en overnatting suksess. Du må sette inn de harde meter, observere og se hvordan prisen reagerer og se de repeterende mønstrene og da ha tillit til å handle dem, da vil du bli belønnet for det. Hvis du er en av dem som kommer til å lære av dette kurset og bruke det til forex trading, mine hatter av deg og jeg sier gå og lykkes. Diagramtid - hvorfor det er viktig Du trenger diagramtid for å forstå prishandling. For noen av dere kan det ta litt tid for deg å forstå, mens noen av dere kan være veldig raske å lære. Vær oppmerksom på prishandlingen på markedet. Gå tilbake til fortiden og se hvordan markedet hadde opptrådt. Hva førte det til å oppføre seg på den måten Du kan ikke være en trygg prishandler før du gjør dette. Hvis du bare kunne lese diagrammene godt nok til å kunne gå inn på de nøyaktige tidspunktene da flyttingen ville ta av og ikke komme tilbake, ville du ha en stor fordel. Trend linjer, spesifikke lysestake mønstre, spesifikke diagram mønstre, Fibonacci retracement nivåer amp støtte og motstand levelsthese er verktøyene jeg bruker til handel. Hvis du legger tid og krefter på å lære dem, vil det ikke være lenge før du begynner å forstå og se hvordan alle disse tingene passer sammen. Begynn å lære å handle med naken pris handling. Pris Handling Trading Course KAPITTEL 3: FORSTÅ MASS PSYKOLOGI I HANDEL Heres en ting om pris handling: det representerer en kollektiv menneskelig oppførsel eller massesykologi. Alle mennesker har utviklet seg til å svare på bestemte situasjoner på bestemte måter. Og du kan se dette skje i handelsverdenen også: Måten mange handelsmenn tenker og reagerer på, mønster repeterende prismønstre som man kan se og deretter forutsi med en viss grad av nøyaktighet der markedet vil mest sannsynlig gå en gang til det spesielle mønsteret er formet. For eksempel, hvis du ser et stort motstandsnivå, treffer prisen nivået og danner et skytingsstjerne en bearish reversal lysestake mønster. Du kan da si med større grad av selvtillit at Pris kommer til å gå ned. Fordi det er så mange aktører som ser på motstandsnivået og de alle vet at prisen har blitt avvist fra dette nivået i en tidligere eller to anledninger, og som forteller dem at det er et motstandsnivå, og at de også kan se at bearish reversal lysestakeformasjon og gjett hva de vil vente på å gjøre. De vil vente med sine salgsordrer, ikke bare en salgsordre, men tusenvis av dem, noen små og noen store ordrer. Men på den andre siden av mynten er den handelsmannen som har kjøpt til en lav pris, og nå er prisen på vei opp til motstandsnivået, det er der de fleste av deres opptjeningsnivåer er. Så når de tar fortjenesten deres rundt motstandsnivåer, betyr det at det nå er mindre kjøpere nå og flere selgere. Balansen tipser i retning av selgerne og det er hvordan prisen presses tilbake ned fra et motstandsnivå. Fordi prisaksjon er en representasjon av massesykologi, blir markedene flyttet av handleres virksomhet. Så handlingshandel handler om å forstå markedets psykologi ved å bruke disse mønstrene og tjene som et resultat. Det er 2 typer prishandlingshandel, 100 Pure price action trading og den ikke-så rene prisen Action trading. La meg forklare Pure Price Action Trading Pure price action trading betyr bare 100 pris handling handel. Ingen indikatorer unntatt pris handling alene. Ikke-så-rent pris handlingshandel Dette er når prishandlingshandel brukes med andre indikatorer, og disse andre indikatorene inngår i prishandlingshandelssystemet. Disse indikatorene kan være trendindikatorer som bevegelige gjennomsnitt eller oscillatorer som stokastisk indikator og CCI. (Vennligst ikke gå googling CCI og stokastiske indikatorer) Opprinnelsen til Price Action Trading Charles Dow er fyren som er kreditert til å være far til teknisk analyse. Han kom opp med DOW Theory. Teorien prøver å forklare markedsadferd og fokuserer på markedstrender. En del av teorien er at markedsprisen reduserer alt. Derfor bruker tekniske analytikere prisdiagrammer og diagrammønstre for å studere markedet og bryr seg ikke om de grunnleggende aspektene ved hva som beveger markedene. Jeg vil dekke dette litt senere når jeg snakker om hva som er trender, hvordan trender begynner (eller slutter) i kapittel 5 i denne kurshandlings kurset. KAPITTEL 4: PRIS OG CHARTER Nå kan vi studere pris litt mer detaljert. Dette er for nybegynnere, vennligst hopp over denne delen hvis du tror du vet hva er prisen Prisen er verdien gitt til et bestemt instrument, vanligvis i pengeproblemer og verdien er avhengig av tilbud og etterspørsel. Hvis etterspørselen er mer, øker prisøkningen etter hvert som flere handlende begynner å kjøpe og kjøre prisene opp. Etterspørselssoner på prisdiagrammer er rundt støttenivåer. det er der kjøpere kommer og begynner å kjøpe og kjøre prisene opp Hvis det er et tilbud, faller prisen som det er flere selgere og mindre kjøpere. Forsyningssoner på diagrammene dine er på og rundt motstandsnivåer hvor selgere kommer inn og driver prisene ned på grunn av at det er svært få kjøpere. Hver gang du åpner diagrammer, er alt du ser er kreftene på tilbud og etterspørsel på jobben Hvis markedet går opp, hva forteller det om etterspørsel og tilbud da det betyr at det er mye etterspørsel etter det instrumentet. Eller hva om markedsføringen går ned da, hva forteller det deg om etterspørsel og tilbud da det er mindre etterspørsel og mye forsyning. Men theres noe annet om pris har en tidskomponent. Så prisen på noe i dag vil ikke være den samme i morgen eller i en måned eller i et år. Forsyning og etterspørsel over tid kjører opp og ned på prisen. Men hvordan representerer du verdien av prisen over tid, som igjen forteller deg om forsynings - og etterspørselskreftene Svar: Du trenger prisdiagrammer: prisbarer, lysestake og linjediagrammer. Dette er grafisk og visuell representasjon av pris over tid. og forteller deg en historie om forsynings - og etterspørselsstyrker over en viss tidsperiode som kan være 1 minutt opp til en måned eller år. 3 Hovedtyper av prisdiagrammer Pris over en tidsperiode er grafisk representert på tre hovedveier: med et stangtabell et lysestake eller et linjediagram. Nå skal jeg gå gjennom hver av disse tre hovedtablettene8230 Hva er en strekdi Diagrammet du ser nedenfor er et strekdiagram. De grønne og røde tingene kalles barer. De grønne stolpene er bullish barer som ganske enkelt betyr at sluttkursen er høyere enn åpningsprisen med en viss tidsperiode. De røde stolpene er bearish barer, og det betyr at sluttkursen er lavere enn åpningsprisen for den perioden. Linjeskjemaet ser ganske enkelt ut som en pinne eller bar med to korte knapper på begge sider. Knotten til venstre er åpningsprisen og knappen til høyre er sluttkurs. Deretter er det wick på øvre enden og nedre enden. Det høyeste punktet eller nivået av wicket i øvre enden er den høyeste prisen som ble nådd i løpet av en viss tidsramme eller periode, og det laveste punktet i nedre wick er den laveste prisen som ble oppnådd også i samme tidsramme eller periode. Hva er et lysestake-diagram Tabellen nedenfor er et eksempel på et lysestake-diagram. Lysestikkdiagrammet gir samme informasjon som i strekediagrammet ovenfor, den eneste forskjellen er at et lysestake-diagram har en kropp og et strekdi ikke har kropp. Et lysestake-diagram for å sette det på en annen måte er som å sette en kropp over et skjelett av stangkartet Heres en sammenligning av stangdiagrammet mot lysestikkdiagrammet og noter hvordan de formidler den samme informasjonen: Det er den eneste forskjellen mellom stangtabellen og lysestake chartis at lysestaken diagrammet har en kropp og bar chartet ikke. Den røde fargen brukes oftest til å indikere en bearish lysestake som betyr at prisen åpnes høyt og lukket ned. En grønn lysestake representerer et bullish lysestake og er det motsatte. Hva er et linjediagram Denne linjediagrammet nedenfor er basert på samme prisinformasjon som linjen og lysestaken som vist ovenfor. Som du kan se, gir det samme prisinformasjon over tid, men avslører ikke alt. The line chart is one of the least favorite of charts for trading. A line chart is simply drawn by connecting either the closing, high or low price and thats how you get the line on a chart. Line charts can be useful for looking at the bigger picture and finding long term trends but they simply cannot offer up the kind of information contained in a candlesticks chart. Out of these 3, the candlestick chart is the most popular followed by the bar chart. So from here on, I will be only focused on candlestick chart only but I may end up using the word bar to refer to candlestick pattern as well so just be aware of that . I will talk more about the candlestick (and candlestick charts) as this is the bread and butter for price action traders. The candlestick The candlestick chart had its origins in Japan and can also be referred to as the Japanese candlestick chart. The colour of the candlestick chart tells you if price was up or down in a particular timeframe which means that candlesticks are either bullish or bearish Now most traders prefer to set green candlesticks as bullish and red candlesticks as bearish . And I like it to be that way for me personally. Some brokers trading platforms have options where you can change the colours of the candlesticks to any colour you want. If you are a woman, you may change a bullish candlestick to pink And bearish candlestick to Purple (I have never seen a pink and purple candlestick yet). This candlestick shown below is an example of bullish candlestick. A Bullish candlestick simply means the price opened lower and closed up higher after a certain time period, which can be 1minute, 5minute, 1hr or 1 day etc. The candle body represents the distance price has moved from the opening price to the closing price. The longer the body, means price has moved a great deal upward after opening. The shorter the candle body means the exact opposite. The high is the highest price that was reached during that time period. The low is the lowest price that was reached during that time period. All these candlesticks shown below are bullish candlesticks which mean that their opening prices was lower than the closing prices and therefore reflect and overall uptrend in the timeframe each candlestick was formed: Now, the candlestick shown below is an example of a bearish candlestick. A bearish candlestick simply means that the candlestick opened up at a high price and closed lower after a certain time period: All these candlesticks shown below are bearish candlesticks meaning that the opening price was higher than the closing price, therefore reflecting a downtrend: Understanding Buying and Selling Pressure on Candlesticks Did you know that there are bullish candlesticks that are considered bearish and bearish candlesticks that are considered bullish To really understand this concept, you need to understand buying and selling pressure . You see, every candlestick that is formed tells you a story about the battle between the bulls and the bears-who dominated the battle, who won at the end, who is weakening etc. All that is reflected in any candlestick you see. The length of the body of the candlestick as well as the shadow (or wick) tells you a story about the buying and selling pressure. For example, look at the two charts below: Look at the first green candlestick on the left chart, its a bullish candlestick right Yes. But you can see that it has a very short body and very long wick (tail). It tells you the sellers (bears) were dominant. If this candlestick was to form after hitting a resistance level, it will be considered a bearish signal even though its a bullish candlestick. Now, you can apply the same sort of logic to all the other candlesticks above and read the story each one is telling you. If the upper wick is very long, it simple tells you that theres a lot of selling pressure. It means price opened and got pushed higher by the buyers but then at the highest price, sellers got in and drove it back down. If the lower wick is long, it tells you that theres a lot of buying pressure. Sellers drove the price down but buyers got in and drove the price back up. If the lower wick is short, it tells your theres very minimal buying pressure. If the upper wick is short, it tells you that theres very minimal selling pressure. What about the length of the body of candlesticks The longer the body of the candle indicates very strong buying or selling pressure. A short body of a candlestick indicates little price movement and therefore less buying or selling pressure. Sometimes the candles will have no upper or lower shadows but with very long bodies . These are interpreted the same way as standard candlesticks but are an even stronger indication of bullish or negative market sentiment . In the case of bullish candle, prices never decline below the open. In the case of bearish candle, price never trade above the open. See below: Now, so far we have looked at individual candlestickswhat if you combine more than one candlesticks What does it show you Well, one important thing that group of candlestick can show you is how strong or weak a bullish or bearish move is. They can also tell you if the bullish or bearish move is weakening . The word used to describe such a situation is momentum. The chart below shows 3 bearish candlesticks in a downtrend, each with decreasing length and body lengths. And if this happens around support levels, you should sit up and take notice and also watch for bullish reversal candlesticks which will give you the confidence to buy The following chart below shows you an example of decreasing downward momentum as price nears a support levels. What you will see is that the prior candlesticks will tend to be longer and as price nears the support level, the candlesticks starts to get shorter: This next chart below shows 3 bullish candles in an uptrend each with decreasing lengths. In an uptrend, when you see such happening around resistance levels, you should take notice. Also watch for bearish reversal candlestick patterns to form. This will give you the confidence to sell: Here is an example of a bullish momentum decreasing in an uptrend and then price tumbles right after that : Notice (on the chart above) how the bullish candlesticks had increasing lengths and then gradually decreased as the price went up then followed by a big downward fallmove Thats price momentum. Every time you look at your charts, you need to be aware of such. Very important Candlestick Wicks-Why They Are Important The wicks of candlesticks along with the body tell a story. A wick which can be called a shadow or tail of a candlestick is a line situated above and below the body of the candlestick. How are candle wicks (tailsshadows) formed and what do they mean Well, they are formed because of a change in market sentiment. For an upper wick, price is moving up and then market perception is changed by traders and then price is pushed down towards the open by sellers. Thats how the upper shadow is formed. For the lower shadow, price is moving down but the market sentiment changes and price is pushed up towards the close buy the bulls. Thats how a lower wick or shadow is formed. Longer wicks indicate increase change in market sentiment: What is the Significance of Candlestick Wicks Candlestick wicks with long upper shadows commonly occur when an uptrend is losing strength. Long lower shadows occur when the downtrend is losing steam. Ok, that8217t the end of chapter 4 of the price action trading course8230.now lets head to chapter 5 where you will learn about trends. Price Action Trading Course CHAPTER 5: TRENDS When you have price moving across time due to supply and demand, then this creates trends . This section is a discussion about trends, how they form and how many types of trends and what kind of structure trends have. It is important for you to understand the structure of trends so you will not depend on any indicator to tell you if the trend is up or down because understanding what a trend is, the structure of a trend, what signals to look to tell you that a new trend may be starting and previous one ending is one key knowledge you require as a price action trader. And you only need to use price action to tell you if a trend is up, down or sideways. As Ive mentioned above, there are 3 types of trends . In simple terms, a trend is when price is either moving up, down or sideways. So when price is moving up, its called an uptrend. When price is moving down, its called downtrend. When price is moving sideways, its called and sideways Now each of these 3 trend types have certain price structure about them that tells you whether the market is in an uptrend, downtrend or sideways trend. These structures are derived from the Dow Theory. But I will explain it in here briefly. The Dow Theory Of Trends Summarized The theory in simple terms says that: when price is in an uptrend, prices will be making increasing higher highs and higher lows until a higher low gets intercepted, then that signals the end of the uptrend and the beginning of a downtrend. For downtrend, prices will be making increasing lower highs and lower lows until a lower low is intercepted and that signals an end of the downtrend and a beginning of an uptrend. Structure of An Uptrend (Bull) Market With an uptrend market, prices will be making higher highs (HH) and Higher Lows (HL), see chart below for clarity: Structure of A Downtrend (Bear) Market Prices will be making Lower Highs (LH) and Lower Lows (LL). The chart shown below is a really ideal case, see chart below for clarity: But you know that in reality, the market is not like that, its more like this chart shown below: The chart above shows an initial downtrend and along the way there is a false uptrend which does not last and price moves down and then eventually another uptrend moves is happening because another lower high has been intersected(which signals end of downtrend). This is how you use price action to identify trends. You should know this stuff. Because the market is not perfect when these trends are happening, you should develop the skill to judge when a trend is still intact or when a trend is potentially reversing. And its pretty much price intersecting highs or lows. Structure Of A SidewaysRanging Market For a ranging market, in an ideal scenario, you will see price moving in a range between a support and resistance level like shown below: But what you see in the real world is not ideal as above, its more like this as shown below: CHAPTER 6: REVERSALS amp CONTINUATION A reversal is a term used to describe when a trend reverses direction. For example, the market has been in an uptrend and when price hits a major resistance level, it reversed and formed a downtrend. Thats what reversal means. Now where can reversals happen The following are the major areas where price reversals do happen: Support levels Resistance levels Fibonacci levels Heres an example of price reversing form a support level and went up and then later broke it and went down. Now that broken support level acts as resistance level when price came for a re-test of the level and sent the price tumbling down: Now, what about continuation then Well, in simple terms, continuation means that there is a main trend, for example an uptrend, that is happening and you will notice that price slows down and maybe consolidates for a little while and may fall back down a littleit is like a minor downtrend in a major uptrend move called a downswing in an a major uptrend. So when that ends and price resumes in the original uptrend direction then that is called a continuation. The chart below makes this concept a bit more clearer: So the big question is: how to spot trend continuity and execute trades at the right time The secret is in identification of specific chart patterns as well as very specific candlesticks patterns and you will discover more on the Chart Patterns and Candlestick Patterns section of this course. Top 3 reasons why it is so important for you knowing reversal pointslevels as well as understanding trend continuity patterns and signals: You dont want to be buying near or at a resistance level (which is a reversal point). You dont want to be selling at near or at a support level (which is a reversal point). You dont want be buying when the trend is down and you dont want to be selling when the trend is up thats why you need to know about continuation charts and candlestick patterns which will allow you to trade with the trend. (There are exceptions though when you can trade against the main trend like that like in trading channelssee Chapter 9 of this price action trading course where it talks about: How To Trade Channels) CHAPTER 7: UNDERSTANDING MARKET SWINGS Market Price moves in swings . A price swing is when markets moves like what a wave does. So in an uptrend, price will be making higher highs and higher lows like the figure shown below: So in an uptrend, price moves in swings like this chart shown below: And in a downtrend, price will be making lower highs and lower lows: So in a downtrend, price moves in swings like the chart shown below: 3 Reasons Why Its So Important For You To Understand Market Price Swings If you want to be really good price action trader, you have to understand this concept of how price moves in swings. This is especially true if your style of trading is trend trading or swing trading. Because if you dont understand how price moves in swings, this is what you are going to end up doing: You will execute trades at the very wrong spot For example, in a downtrend, you will sell when the market is just doing an upswing Not good Which means, you will get stopped out or you need to put in a large stop loss. Large stop loss does not necessarily mean large risk if you do position sizing based on the stop loss distance. But if you dont then thats a large risk you are taking. If you have a large stop loss, then youve got to wait a while before the market makes downswing before you to start seeing profits on your trade. Heres an example of what Im talking about: Its really not a good situation to be in. Every traders wish is that the moment a trade is placed, it goes to profit immediately. But we know the market is not like that, sometimes that happens, and sometimes it doesnt. Thats the nature of the market. So in an uptrend, you should be looking to buy on the downswing. In a downtrend, you should be looking to sell on an upswing. And the best way for doing that is by using Price Action (reversal candlesticks) as shown below: Now, these chart below is what actually happens in real life trading environment: CHAPTER 8: HOW TO TRADE SUPPORT AND RESISTANCE LEVELS Nothing is more noticeable on any chart than support and resistance levels. These levels stand out and are so easy for everyone to see Why Because they are so obvious. As a matter of fact, support and resistance trading is the core of price action trading. The key to successful price action trading lies in finding effective support and resistance levels on your charts. Now, in here, I talk about 3 types of support and resistance levels and they are: The normal horizontal support and resistance levels that you are probably most familiar about. Broken support levels become resistance levels and broken resistance levels become support levels. Dynamic Support and Resistance Levels Now, lets look at each in much more detail. Horizontal Support and Resistance Levels These are fairly easy to spot on your charts. They look like peaks and troughs. The chart below is an example and shows you to trade them: How To Find Horizontal Support And Resistance Levels On Your Chart If price has been going down for some time and hits a price level and bounces up from there, thats called a support level. Price goes up, hits a price level or zone where it cannot continue upward any further and then reverses, thats a resistance level. So when price heads back to that support or resistance level, you should expect that it will get rejected from that level again. The use of reversal candlestick trading on support and resistance levels becomes very handy in these cases. Significant Support amp Resistance Levels Not all support and resistance levels are created equal. If you really want to take trades that have high potential for success, you should focus on identifying significant support and resistance levels on your charts. Significant support and resistance levels are those levels that are formed in the large timeframes like the monthly, weekly and daily charts. And when price reacts to these levels, they usually tend to move for a very long time. Heres an example of NZDUSD that hit a resistance level on the monthly timeframe and made a 1,100 pips move down to the next significant support level and price can now be seen bouncing up from that support level: Now, heres the technique I use to trade setups that happen in larger timeframes: I switch to smaller timeframes like the 4hr amp the 1hr, 30min, 15min and even the 5min and wait for a reversal candlestick signal for my trade entries. This is so that I can get in at a much better price level as well as reducing my stop loss distance. Thats whats multi-timeframe trading is all about. Support turned Resistance Level And Resistance Turned Support Level Now, the next on is this thing called Support turned Resistance Level And Resistance Turned Support Level. There are many traders that dont realize that usually, in a downtrend, when a support level has been broken to the downside, it often tends to act as a resistance level. Here is an example shown on the chart below: So when you see such happening, you should be looking for bearish reversal candlestick to go short. As a matter of fact these Rs are the upswings in a downtrend. Similarly, in an uptrend you will also see such happening where Resistance levels get broken and when price heads back down to these, they now will act as support levelsHeres an example: Look for bullish reversal candlestick around these type of resistance turned support levels as your signal to buy. Can you see how the need for using other indicators is diminished once you understand how easy is to spot such trading setups like these CHAPTER 9: HOW TO TRADE PRICE CHANNELS What is a channel And How Do You Trade A Channel This section is about that. The path price follows and the area enclosed within it is called the price channel. The fundamental principle of how a channel form is based on support and resistance. Why price does that, I dont know but consider it as supply and demand at work. There are 3 major types of channels: the uptrend channel , the downtrend channel and the sidewayshorizontal This is what a downtrend channel looks like and how to trade it: This is what an uptrend channel looks like and shows how you can trade it: This is what a sideways channel looks like and how you can trade it: Sideways channels (or horizontal channels) are little bit different from uptrend and downtrend channels because with uptrend and downtrend channels, you would require 2 points to draw trendlines and wait for price to touch them later on before you take a trade because the trend lines are at an angle. But with sidewayshorizontal channels, you can actually start trading the setup at point 2 which can be both a resistance or support level based on the fact that a prior resistance or support level is already visible and you should expect price to bounce from those levels. Look for reversal candlesticks to buy or sell when you see such setups happening. General Rules For Trading Channels If you buy or sell on the other side of the channel, you wait for price to reach the other end of the channel to take profit or exit the trade. Place your stop loss on just outside the channel or just above the high of the candlestick (for a sell order) or just below the low of the candlestick (for a buy order) that touched the channel and shows signs of rejection. This candlestick can also be a reversal candlestick. You may also decide to take half the profits off as price is in the middle of the channel for a profitable trade. CHAPTER 10: NINE (9) PROFITABLE CHART PATTERNS EVERY TRADER NEEDS TO KNOW Theres a difference between chart patterns and candlestick patterns . Chart patterns are not candlestick patterns and candlestick patterns are not chart patterns: Chart patterns are geometric shapes found in the price data that can help a trader understand the price action, as well make predictions about where the price is likely to go. Candlestick patterns on the other hand can involve only one single candlestick or a group of candlestick which have formed one-after-the other in regard to how they form in relation to one another in terms of their body length, opening and closing prices, wicks(or shadows) etc. Not knowing what chart patterns are forming can be a costly mistake . If you are like that, this is your opportunity to get back on track. Why costly mistake Because you are completely unaware of what is forming on the charts and you end up taking a trade that is not in line with what the chart pattern is signalling or telling you These are the 9 chart patterns you will learn about today: Triangle chart patterns-symmetrical, ascending and descending (3 patterns) Head and shoulders and Inverse Head and Shoulders (2 patterns) Double Bottom and Double Top (2 patterns) Tripple Bottom and Tripple Top (2 patterns) But first up, I am going to talk about triangle chart patterns. Symmetrical Triangle There are 3 types of triangle chart patterns and the chart below shows the differences between each very clearly: Now, lets starts with the symmetrical triangle pattern first. Is A Symmetrical Triangle Bullish Or Bearish Chart Pattern The Symmetrical triangle chart pattern is a continuation pattern therefore it can be both a bullish or bearish pattern: What does this mean then Well, if you see this pattern in an uptrend, expect a breakout to the upside. See an example below: If you see a symmetrical triangle pattern form in a downtrend, then expect a breakout of this pattern to the downside like this one shown below: How To Draw A Symmetrical Triangle You will see price moving up and down but this up and down movement is converging to a single point . You need a minimum of 2 peaks and 2 troughs to draw the two trendlines on both sides. It will be only a matter of time before price breaks out of the pattern and either moves up or down. Two Simple Ways To Trade The Symmetrical Triangle 1: Trade the Initial Breakout The best way is to confirm that the breakout actually happens with a candlestick before placing your order. What I do I is for example, say Im watching a symmetrical triangle form in the 4hr charts and I know that soon a breakout will happen. I then switch to the 1hr chart to wait for the breakout to happen. If a 1hr candlestick has broken the triangle and closed belowabove it, thats my trade entry signal. So I will place a pending buy stopsell stop order to catch the breakout from there. Often I want to make sure that the 1hr candlestick closes outside of the triangle before I enter a pending buy stop or sell stop order to capture the move that happens to avoid false breakouts while the candlestick has not closed yet. But heres the problem with trading triangle breakouts, see chart below: I dont like trading breakouts like the one shown above and heres why: The stop loss distance is too large. Id prefer to enter trades with breakout candlesticks that are close to the trend lines that have been broken. I often see that such breakout of extremely long candlesticks are not sustainable and price will often tend to reverse after such candlesticks as can be seen by the chart above notice that after the breakout candlestick, there was one bearish green pin bar and then for the next 4 candlesticks afterward, the price went down . This is what tends to happened with such long breakout candlesticks. So if you entered a buy order using that long breakout candlestick above, you would have to wait a while for your trade to turn profitable. 2: Trade the retest of the trendline that is broken The second way to enter is to wait for a retest of the broken trendline in the triangle pattern then either buy or sell. This may also be handy if you had an extremely long breakout candlestick on the initial breakout, you best option is to wait for a retest of the breakout trendline then if that happens you enter. Stop loss Placement Options On Symmetrical Triangle Pattern Here are 3 ways on how to place stop loss on triangle patterns, which include symmetrical, ascending and descending triangle patterns which you will learn next. The stop loss placement techniques here are applicable to all triangle patterns so take note of that: Ascending Triangle Chart Pattern And ascending triangle pattern looks like this chart shown below: And this is how a real chart looks like: Is Ascending Triangle Pattern Bullish Or Bearish It is considered a bullish continuation pattern in an existing uptrend. So when you see this forming in an uptrend, expect a breakout to the upside. However, it can also be a strong reversal signal (bullish) when you see it form in a downtrend. Stop Loss Placement Options You can use the strategies given in symmetrical triangle. Take Profit Options I prefer to target previous resistance levels as my take profit target. Or as shown on the chart below, you can use the x pips distance as your take profit target. Another way to do it would be say 3 times the x pips or 2 times the x pips distance. That should give you your profit target level(s). Descending Triangle Chart Pattern Important things to note about the descending triangle chart pattern: The descending triangle chart pattern is characterized by a descending resistance levels and a fairly horizontal support levels converging to a point until a breakout happens to the downside as shown below: And this is how a descending triangle looks like on a chart shown below: Is Descending Triangle Pattern Bullish Or Bearish It is a bearish chart pattern that forms in a downtrend as a continuation pattern. However, this pattern can also form as a bearish reversal pattern at the end of an uptrend. Therefore regardless of where it forms, its a bearish chart pattern. How to Trade The Descending Triangle Formation Similar to the other 2 triangle patterns, you can either trade the initial breakout or wait to see if price reverses back to test the broken support level and then sell. Note: with a triangular pattern, I often prefer to wait for a candlestick to breakout and close outside of the pattern before I enter a trade. This helps to reduce false breakout signals. But there will be times when I will just trade the breakout with a pending sell stop order just a few pips under the support level to catch the breakout when it happens but when I do that, I sit and watch the close of the 1hr candlestick to make sure that it does not close above the support line (if that happens, it may mean a false breakout). And then theres the issues of extremely long breakout candlesticks again like this: As mentioned previously: when you have such extremely long breakout candlesticks like that, better to sit and wait to see if price will reverse and get back up to the support level that was broken ( a retest) which will now be acting as a resistance level and then sell when that level is touched. How To Take Profit I prefer to use previous support levels, lows or troughs and use those as my take profit target level. Another method of take profit that is commonly used is to measure the height of the triangle and if the height is say 100 pips then that is your take profit target. The chart below should give you a clear idea of how its done: Note that on the chart, the descending triangle formed the end of an uptrend. Head amp Shoulders Chart Pattern The head and shoulder chart pattern is a bearish chart pattern. This is what a head and shoulder reversal pattern looks like: Important things to note about the head and shoulder pattern: The head and shoulders pattern is a bearish reversal pattern and when found in an uptrend, it signals the end of the uptrend. Heres how this pattern forms: Eventually, the market begins to slow down after going up for some time and the forces of supply and demand are generally considered in balance. Sellers come in at the highs (left shoulder) and the downside is probed (beginning neckline.) Buyers soon return to the market and ultimately push through to new highs (head.) However, the new highs are quickly turned back and the downside is tested again (continuing neckline.) Tentative buying re-emerges and the market rallies once more, but fails to take out the previous high. (This last top is considered the right shoulder.) Buying dries up and the market tests the downside yet again. Your trendline for this pattern should be drawn from the beginning neckline to the continuing neckline. Heres another example: Heres another one: How To Trade The Head amp Shoulder Chart Pattern. The following chart below makes it much clearer. How To Calculate Profit Targets I use previous lows or troughs to set my take profit target. However, you can also use the distance in pips between the neckline and the head as your take profit target level. So if the distance is 100 pips, then if you trade the initial breakout, you set it at 100pips take profit target level like the chart shown below with the two blue lines: Inverse Head and Shoulder Pattern You will also see this pattern, though not as popular, its good to keep an eye out for it. The inverse head and shoulder pattern is bullish reversal candlestick pattern and just the opposite of head and shoulders pattern. Heres what it look like on the chart shown below: And this is what it looks like on a real chart: How to Trade the Inverse Head and Shoulder Pattern You can buy the initial breakout of the neckline or wait for the re-test, that is wait for price to breakout and then come back down to test the broken neckline and then buy. Use bullish reversal candlesticks for trade entry confirmation if you are waiting to buy on re-test. I often tend to place my profit target on previous highs. One method of calculating profit target is to measure from the head up to the trendline and what the distance in pips is your profit target. See the two blue vertical lines in the chart above. Double Bottom Chart Pattern A double bottom chart pattern is bullish reversal chart pattern and when it forms in an existing downtrend, it signals a possible upward trend. Heres what It look like: This is what a double bottom pattern looks like on a real forex chart: 3 Ways on How To Trade Double Bottoms 1: Trade the breakout of the neckline: Many traders once they see that the double pattern has formed and the neckline is being tested, thats when they get in as soon as a breakout happens. 2: Wait to enter on retest of Broken Neckline Then there are other groups of traders that like to enter when price reverses back down to touch the neckline, which now would act as a support level. Once it hits that neckline level they buy. 3: Buy on bottom 2. In this way, you have the potential to ride the trade all the way up if the neckline is intercepted. You should consider buying on bottom 2 as buying on a support levelas a matter of fact, that it what is is Look for bullish reversal candlestick patterns for trade entry signals. Take Profit Target levels If you buy on bottom 2, you can use the neckline as your take profit level, or any previous highs above that as well. If you buy the breakout of the neckline, use the distance between the bottom and the neckline in pips to calculate your profit target. See chart below for example: Double Top Chart Pattern A double top chart pattern is a bearish reversal chart pattern and when found in an uptrend and once the neckline is broken, that confirms a downtrend. The double tops are very powerful patterns and if you get into a trade at the right time, you stand to make a lot of profits when the breakout happens to the downside . Heres an example of a double top Chart Pattern shown below: How to Trade the Double Top Chart Pattern Theres 3 ways to trade the double top chart pattern: 1: Trade the initial breakout of the neckline. 2: The technique I like most to take a sell trade on Peak 2 when I see a bearish reversal candlestick. And if price moves down and intersects the neckline and continues to do down further, your profits are dramatically increased. 3: You can wait for price to go back up to test the broken neckline (which would now act as resistance level) and when you see a bearish reversal candlestick pattern, go short (sell) as this example below shows: This is how it would look like in a real forex chart: How to Take Profit On The Double Top Chart Pattern Use previous low (support levels) to set take profit targets. Or another option would be to measure the distance between the neckline and the highest peak (the range) and use that difference in pips as take profit target if you are trading the breakout from the neckline. Triple Bottom I do not see triple bottoms forming quite as oftenRegardless of that, you should have an idea of what it looks like: Triple bottoms are bullish reversal chart patterns, which means if found in a downtrend and this pattern starts to form and once the neckline is broken and price head up, this confirms that the trend is up. Heres another example of a triple bottom shown below: How to Trade The Triple Bottoms Many traders wait until the neckline is broken and trade the initial breakout. Others will wait for a retest of the broken neckline to enter a buy order once they see a bullish reversal candlestick I prefer to take trades on the 3rd bottom by watching the price action. If I see a bullish reversal candlestick pattern, I buy. Why do I do that Well, if price goes up and breaks the neckline and goes upward, I would be in a lot more profit than if I bought the breakout of the neckline. Profit taking methods would be similar to double bottom chart pattern mentioned previously The Triple Top Chart Pattern Triple tops are the opposite of triple bottoms and they are bearish chart patterns. They rarely occur but its good to know what they look like. Triple tops when found in an uptrend, it signals the end of the uptrend when the neckline is broken and price heads down. How To Trade The Triple Top Chart Pattern Some conservative traders wait for the neckline to be broken to trade that breakout. Some will most likely wait for retest of neckline and then sell. I prefer to take trades on Peak 3 and if the trade breaks the neckline and goes all the way down, I have a lot more profit to make. The key to taking a good trade on peak 3 is by looking for bearish reversal candlesticks. These are your signals to go short. If you take a trade at peak 3, you profit target can be the neckline. Or if you take a trade on the breakout of the neckline, measure the distance in pips between the neckline and the highest of the 3 peaks and use that distance to calculate your profit target. Or you can use a previous low and use that as your take profit target level as well. CHAPTER 11: TEN (10) PROFITABLE CANDLESTICK PATTERNS EVERY TRADER NEEDS TO KNOW There are lots of candlesticks, but out of all of them only 9 that you really need to know. Why Because there are very popular are really powerful so why waste time with the rest When these candlesticks form at support and resistance levels or Fibonacci levels they are great trade entry signals. 1: The Doji Candlestick Patterns. The doji candlesticks are single (individual) candlestick patterns. There are 4 types of doji candlesticks as shown below: The doji cross can be both considered a bullish or bearish signal depending on where it forms. The gravestone doji is considered a bearish reversal candlestick when formed in an uptrend or in a resistance level. The dragonfly doji is considered a bullish candlestick pattern when formed in a downtrend or in a support level. The long-legged doji shows a period of indecision by bulls and bears and depending on where it forms (uptrendresistance levelbearish signal, downtrendsupport levelbullish signal) it can be considered a bearish or bullish signal. 2: The Engulfing Candlestick Patterns The engulfing patterns are 2 candlestick patterns. For a bullish engulfing pattern, you will see that the first candle is bearish followed by the second candle which is very bullish and this 2 nd candle completely engulfs Bullish Engulfing-when formed in a support level or in a downtrend, this can signal that the downtrend is potentially ending. Bearish Engulfing-when formed in an uptrend or or in a resistance level, this is a signal that the uptrend may be ending. 3: Harami Candlestick Patterns. Bullish Harami - this is a 2 candlestick pattern. The first candlestick is a very bearish candlestick followed by a bullish candle, which is quite short and is completely covered by the shadow of first candle. When you see this in a downtrend or in an area of support, this will be your bullish(buy) signal. Bearish Harami is the exact opposite of bullish harami. When you see this pattern form in a resistance level or in an uptrend, this is a bearish reversal signal and may indicate that the uptrend is ending and you should go short (sell). The easiest way to remember the harami patterns is to think about a pregnant woman and a baby inside her tummy: 4: Dark Cloud Cover Candlestick Pattern The dark cloud is another bearish reversal candlestick pattern formation consisting of 2 candlesticks. The first one is a bullish candlestick showing a strong upward momentum but when the second candle forms, it shows a completely different storyits bearish and it closes at about the middway point of the first candlestick. When you see the dark cloud cover candlestick pattern in an uptrend or in level of resistance, its a bearish reversal signal and you should be thinking to go short (sell). 5: Piercing Line Candlestick Pattern The piercing line is the opposite of dark cloud cover. You may see this in a downtrend or forming at a support level. The first candlestick is very bearish and when the 2 nd candle forms, it tells a completely different story, its bullish. This tells you that the bears are losing steam and that the bulls are gaining strength to potentially move the market price up. The second bullish candlestick should close somewhere up the mind-point of the first candlestick. So when you see the piercing line pattern forming at support levels or in a downtrend market, take note as this is a potential bullish reversal signal so you should be thinking of going long (buying). 6: Shooting Star Candlestick Pattern This is one of the most reliable candlesticks and obviously one of the most popular due to the fact that they are so easy to spot on any chart. The shooting star is single candlestick pattern and when it forms in an uptrend or in a resistance level, then it is considered as a bearish reversal pattern and so you should be looking to sell. Note: the shooting star is sometimes called the bearish hammer, inverse hammer, inverted hammer or bearish pin bar. They all mean the same and refer to the shooting star candlestick pattern. 7: Hammer Candlestick Pattern The hammer candlestick is a single candlestick pattern pattern and its is considered a bullish reversal candlestick pattern and its the opposite of the shooting star candlestick pattern. It has a very long tail and a short upper wick or none at all. When it forms in a downtrend or at support levels, you should take notethis is a very high probability bullish reversal candlestick pattern and you should be looking to go long (buy). 8: Hanging Man Candlestick Pattern Now, what happens if you see in an uptrend a candlestick that looks like a hammer Is it still a bullish signal Well, in that case . this candlestick is a hanging man and its not a bullish signal. Heres how it looks: Now, the hanging man, is exactly like hammer but the only difference is that it must form in an uptrend. When it forms in an uptrend or in resistance levels, it tells you that there is a possibility that the uptrend is ending so you should be looking to go short (sell). See chart below: 9: Railway Track Candlestick Patterns The railway track pattern is a 2-candlestick pattern and theres a bearish and bullish railway track candlestick pattern. A notable feature of railway tracks is that they look like paralled railway tracks and both candlesticks should be of almost the same lengh and body and almost look like mirror image of each other. For a bearish railway track, the first candle is bullish followed by almost exactly the same length and body of the second candlestick which is bullish. This tells you that bulls are losing ground and bears have gained controlled. So when you see the bearish railway track pattern in an uptrend, or in an area of resistance, this is a signal that the downtrend may be starting so you should be looking to sell. Similarly but opposite is the bullish railway track pattern. When you see this in a downtred or in an area of support, take note because the market may be heading up and this is your signal to buy. 10: Spinning Top Spinning tops can be continuation candlestick patterns or reversal candlestick patterns. Spinning tops have small bodies with upper and lower shadows that exceed the length of the body. Spinning topper signal ubesluttsomhet. A spinning top is a single candlestick pattern and it can be both bullish or bearish. Let me explain. If you see are bearish spinning top in a support area or in a downtrend, this can be considered a bullish reversal signal when the high of tha bearish spinning top is broken to the upside. Similarly, a bullish spinning stop in a resistance level or in an uptrend can be considered a bearish signal as soon as the low is broken to the downside. Example below shows what I mean: Spinning tops are fairly short in length compared to other candlesticks and their body length is a few steps wider than that of doji candlesticks(which actually have none or very tiny bodies). Another notable feature of spinning tops is that the wicks on both sides should be almost the same length. When I see spinning tops form on support or resistance levels, all it tells me the bears and bulls do not really know where to push the market and so when a breakout of the low or high of a spinning top by the next candle that forms usually signals the move in that direction of breakout Heres an example: Blending Candlesticks-A Concept Every Trader Needs To Know This is a technique where not many traders are aware about and I will just give you a simple example so you understand this concept better. To give you a bit of context, if you are a forex trader and you are using the metrader4 trading platform, it got only 9 timeframes where your charts can be viewed in which are the 1m, 5min, 15m, 30min, 1hr, 4hr, daily, weekly amp monthly timeframes as shown on the chart below: You may see a hammer in the 1hr timeframe but remember that that 1hr timeframe has two-30minute candles to make 1 hr, right Yes. So what do you think the candlestick pattern would be in the two-30 minute candlesticks to give you a bullish hammer candlestick pattern in the 1hr timeframe Or if you see a shooting start bearish candlestick in the 1hr timeframe, what do you think would be the candlestick pattern in the two-30minute candlesticks that gave that 1hr candlestick a shooting star Well, your answers are below: Hope you really understand this concept because heres why: In the metatrader4 trading platform, theres not partner timeframe for 1minuteyou need a 2minute chart which does not exist. Similarly, theres no 10min chart which you can use to blend with the existing 5min timeframe. Similarly, there is no 2hr timeframe to go with 4hr timeframe and no 8hr timeframe to go with the existing 4hr timeframe. So lets say you are a trader that loves to trade only hammers and shooting stars and you are waiting buy at a major support line in the 1hr timeframe. Youve been waiting patiently for a bullish hammer candlestick pattern to form to give you the signal to buy. But unfortunately, no hammer forms in the 1hr timeframe and even though you see a bullish engulfing pattern formed, you did not enter a buy trade. You just watched as price shoots up and you wished you could have bought at the bullish engulfing signal that was given but you are only interested in trading hammers. Well, if there was a 2hr time frame in metrader4, you could have switched to it and seen a very bullish hammer and you could have taken the trade but because you did not understand the concept of blending candlesticks you missed a very good trade. Here are few more examples: Notice also that a piercing line pattern when blended forms a hammer. A Dark cloud cover when blended also forms a shooting star. gt CHAPTER 12: HOW TO TRADE FIBONACCI WITH PRICE ACTION Now, I dont know about you but one thing I continue to see is that price action respects Fibonacci levelsnot all the time but when it does, some of the market moves generated can make you money very easily. The trick is to use Fibonacci and combine it with price action by using reversal candlesticks. But first, if youve never heard about Fibonacci retracement tool, then heres a brief introduction What Is The Fibonacci Retracement Tool This tool is a series or sequence of numbers identified by a guy called Leonardo Fibonacci in the 13 th Century. (Hes long dead) No, need to go into pointless details about how those numbers are derived. So what actually is a Fibonacci Retracement In technical analysis Fibonacci retracement is created by taking two extreme points (usually a major peak and trough) on your forex chart and dividing the vertical distance by the key Fibonacci ratios of 23.6, 38.2, 50, 61.8 and 100. Once these levels are identified, horizontal lines are drawn and used to identify possible support and resistance levels . The two fib levels I use the most are the 50 and the 61.8. I really do not focus at all on the others. If you are using metetrader4 Trading platform, the Fibonacci tool has an icon as shown on the chart below: Top 3 Reasons Why You Need A Fibonacci Retracement Tool: In a downtrend, after price has been going down for some time, it will move back up (upswingremember). The Fibonacci retracement tool can help you estimate or predict potential price reversal areas or levels. Similarly, in an uptrend, price will make minor downtrend moves (downswings) and the Fibonacci retracement tool will help you predict potential reversals areas or price levels. If used in conjunction with support and resistance levels and combined with price action, they do really form a powerful combination and do give highly profitable trading signals. This describes something known as price confluence . I will talk more on that later. How to Use the Fibonacci Tool On Metatrader4 It is actually a very simple 3 step process: Step1: find a peak (upswing pointresistance level) and a trough (downswing pointsupport level) Step2: Click on the Fibonacci tool icon on your chart. For the next steps, its all click and drag process Step 3a: In a downtrend market, you click first on the previous peak where you want to analyse from and drag down to the trough where price reversed from and release. Step 3b: In an uptrend market, click and drag first on the trough up to the peak and release. Thats how simple it is to draw Fibonacci retracement levels on your charts. On the chart below notice that price formed a peak and then moved down, found support and formed a trough, and price went back up: At around the 50 fib level, it starts to slow sign of losing the upward steam. You can also see the bearish spinning top candlestick which could have been used as a signal to go short (sell). Can you buy or sell just based entirely on the fib numbers like 50 or 61.8 as soon as price reaches these levels without price action Well, I think that there are traders out there that do that and you can do that. But personally, I do not like that approach. Id rather combine Fibonacci with reversal candlesticks, trend lines, support amp resistance levels etc for trade entries. Lets study the past heres an example of how to trade Fibonacci with price action in an uptrend. Notice the spinning top candlestick right at the 50 level which could have been used as a buy signal: Heres another example of how to trade Fibonacci with price action in a downtrend: You can see that this is not complicated, isnt it Very simple trade setups. Your risks are small compared to the profits you potentially can make. CHAPTER 13: HOW TO TRADE TRENDLINES WITH PRICE ACTION When the market is heading down, it forms down swings and up swings as it continually moves lower. Similarly, when the market is in an uptrend, it will form upswings and downswings as it continues to move up. The peaks that are formed by the up swings and the troughs that are formed by the down swings can be used to draw trendlines. And you need a minimum of 2 peaks to draw a downward trendline for a market that is in a downtrend and you need 2 troughs to draw an upward trendline for a market that is in an uptrend. How To Draw Downtrend Trendlines Now, for a market in a downtrend, you can connect the peaks with a line and that forms you downward trendline. What you are waiting for is for price to come back up and touch that trendline and when it does, this could mean that a down swing will start and it may be the best time to enter a short trade. The use of bearish reversal candlesticks as trade confirmation is highly recommended with this trading method. How To Draw Upward Trendlines When the the market is in an uptrend, connect 2 troughs and you have an upward trendline. When price comes to touch it later, you have a potential buy setup. The chart bellows shows a live example of a long trade on AUDNZD pair that I took at the moment whilst I was writing this guide. As you can see, I was anticipating a move up to the 1.1290 level and used that as my take profit target level. Obviously, this trade was taken based on the setup in the daily timeframe which means it may be a week or two before the profit target is hit if the market makes a nice move up or the opposite can happen . price breaks the trendline and I get stopped out or I can walk away with some profits when my trailing stop gets hit. But the next day, price broke that upward trendline and I got stopped out with a loss. But heres the thing with a trade like that my stop loss is tight . with a potential reward of more than 3 times what I risked for this trade. Heres the chart of what happened: I strongly recommend that you use bullish reversal candlesticks as a signal for executing your buylong trades. Im not glamorizing price action trading here. You will have losses like what Ive shown. But think about this if the price had moved the way I analysed, I would have made a lot more profits than what I lost. With Price action trading, you are risking less with the potential to make more and thats the beauty of price action trading. What happens if the trendline gets intersected There are a couple of things you need to be aware when a trendline gets intersected: (1)The first is that it could mean the trend has now changed. (2)The second is that it can be a false break only and price will soon head back in the original direction. Now, theres another thing about trendlines, if one trendline gets broken, you need to be see if you can draw another trendline above (or below) the one thats broken. There can be 2 or more downward trendlines or 2 or more upward trendlines at any one time on any chart in any timeframe. So if price breaks the first trendline, it still has yet to head to the 2 nd and the third etc So if you take a sell trade on the first trendline but price intersects it and you are stopped out with a loss and now price is heading to the 2 nd trendline above, you should also look to sell if you get bearish reversal candlestick signal. Heres an example of a trade in a similar situation that I took on the AUDUSD pair. See chart below: (enlarge if you cannot see clearly). You will notice that I took the first trade on the first downward trendline based on a bearish harami and also a spinning top pattern there but then price intersected that trendline and went up to the 2 nd downward trendline. I saw a shooting star so I took another short trade. Obviously, you can see how the price reacted to the trendline by forming a shooting star. That was enough signal for me to short this pair. You need to be aware of these kinds of trendlines not only on the sell side buy ton the buy side as well. I suggest you check out Trendline Trading System for more information on how to trade it. CHAPTER 14: HOW TO TRADE MOVING AVERAGES WITH PRICE ACTION Remember in the beginning I did briefly mentioned something about Not-So-Pure Price Action Trading Well, now we are at it When you use price action trading with one other indicator or a combination of indicators which are incorporated into your trading system then thats what I call Not-So-Pure Price Action Trading. (Call it whatever you like, if you think Im wrong, I really dont care). Many new traders that find it difficult to define the structure of a trending market, therefore they rely on moving averages for trend detection or identification. The only thing I see useful in moving averages is for dynamic support and resistance levels. I will explain this concept shortly. As a matter of fact moving averages do a terrible job of predicting trends in that they only do that after that trend has already started already and price has moved a great deal already. Heres an example: In the chart on the left, notice that price has crossed the HL(higher low) already, indicating that the downtrend market has started (potentially). But notice that the moving averages have not crossed yet. So price action is telling you that you are now potentially in a downtrend but moving average is saying not yet. So you have two conflicting signals. And by the time moving average confirms what the price action has indicated, price has already made a great deal of move downward already as shown by this chart on the left. So which are you really going to pick Depend on moving average to tell you that a trend has changed or depend on price action I really cant force, its your choice. Using Moving Averages For Dynamic Support And Resistance Levels The concept of dynamic support and resistance can be fully understood with a few charts given below. When the market is in a downtrend, you will notice that price moves up to the moving average lines (upswing) and then bounces back down from them (downswing). (That is if you put moving average lines on your charts). Heres an example: The similar situation happens in an uptrend: prices move down to the moving average lines (downswing) and then bounces up from them (upswing). Heres an example shown on the chart below: Now that you know this concept of dynamic support and resistance using moving averages, the next thing you need to know is that trend trading strategies can be created around them and in a very nice trending market, they are really effective. For those that love moving averages, what you can do is to look reversal candlesticks as price starts to go back to touch the moving average lines and these are used as your confirmation signal to buy or sell. In a downtrend, you should be looking for bearish reversal candlesticks like the shooting star, bearish harami, spinning tops, dark cloud cover, hanging man etc to go short (sell). In an uptrend, you should be looking out for bullish reversal candlestick patterns like pin bars, dojis, piercing line, bullish harami etc Lets study the past againon the chart below is an example of how to trade dynamic support with Price Action: Now, its easy to say here that you could have bought here and sold here etc based on what happened in the past because now you can see how the market has played out in the past But real challenge for many traders is that when a setup is happening, they will most likely second guess it because this is how its going to look: And this is how how it turned out: Heres an example of trading using dynamic resistance levels with price action : CHAPTER 15: HOW TO TRADE CONFLUENCE WITH PRICE ACTION What is confluence . Well, lets find out here in this following example What if you were watching the market and then you saw that price is heading to a resistance level and then you checked your Fibonacci retracement and its almost like a coincidence that the resistance levels is also at 61.8 Fibonacci level as well. And theres even morethe overall trend is also down. So you have 3 things lining up for you, here they are again: the overall trend is down you have a resistance level that price is coming to and you notice that the price is also heading up to the fib level is 61.8 which coincides with the resistance level. What Ive described above is an example of confluence . A confluence is a pointlevel in the market where two or more levels intersect each other (or come together) and they form a flash point or hot point or confluent point. Heres An Example Of How I Trade With Confluence Let me give a real example of a trade that I took as I was writing this. This is the daily chart for AUDUSD. Have a good and close look at it. Heres why I took that trade: I first drew a downward trendline and was waiting to see if price would come up to touch the trendline. And I also noticed that the previous support level that was broken could potentially act as a resistance level causing price to reverse. Therefore now I have two things coming together. Next thing I did was to check what the fib retracement level to see if price came and hit that resistance level what the ratio would be. Surprisingly, it was 61.8. Sweet So now I have 3 things coming together. So how did I take the trade then I switched to the 1hr timeframe and waited for price to come and hit the confluence zone and saw a shooting star, a bearish reversal Candlestick pattern (also sometimes called a bearish pin bar). That was my clue to execute a short trade right there. Heres is a close up of how the trade setup looked like in the 1hr where I was waiting to take the trade(see chart below): I risked 50 pips for this trade and later Im going to set the previous swing low as my profit target which is 215 pips and if my profit target gets hits, I will make 7 times what I risked initially. Good thing as I was stilling writing this guide this trade played out so I can show you what happened: As you can see, I managed to make 138 pips on the first trade. Note also that I also made a 2 nd trade which made 125pips as well. Even though my profit target was not hit, I used trailing stop loss as shown below until I got stopped out when price moved back up. Thats the beauty about these kinds of trades: They are really low risk-high reward entry trades. They have great chance of being profitable. Theres two ways you will learn from price action: First is to spend hours over your charts analysing what happened in the past and asking these types of questions: Why did price make a big upward move from here and why did price make a big downward move from here What price action signals that formed there that could have given anybody an indication that this massive move was about to happen You will be bloody surprised at what type of reversal candlesticks and chart patterns you will find. Then with that knowledge, get back to the present and see if you can see these patterns unfolding in the current market. Heres an example of a doji candlestick confluence with the dominant downtrend, as if formed telling you to sell the market with the trend. This short trade setup had 4 factors of confluence supporting it : The doji had confluence with the dominant downtrend, as it formed telling you to sell the market with the trend. The doji showed a clear indecision by the sellers and the buyers therefore the breakout of the low of doji candlestick was what the sellers were waiting for to push the market down. The doji candlestick also formed between 50-61.8 fibonacci retracement zone. The moving averages providing dynamic resistance. Heres another example: Now, I can put lots of charts giving you examples of what happened in the pastbut its best that now you see and understand what I am explaining here, and then go and sit down and observe what happens on your charts in real time. All this information here is providing you the foundation the basic framework you need to trade price action, the learning comes from observing and doing. CHAPTER 16: TOP 2 REASONS WHY I USE MULTI-TIMEFRAME ANALYSIS AND TRADING There are 2 main reasons why I use multi-timeframe trading: For getting better trade entries For reducing stop loss distance so I have better risk:reward ratio which means I can also increase the amount of contracts I trade without risking more of my trading accountso if my trade direction is right, I make a lot more money Now, I will explain both in detail How To Get Better Trade Entries And So Reduce Your Stop Loss Distance With Multi-Timeframe Analysis And Trading If you are trading strictly using the large timeframes like the daily chart, your stop loss distance will be huge and the issue with that is your risk:reward ratio can be reduced (no necessarily all the time): Risk to Reward Ratio Explained Simply put, investing money into the investment markets has a high degree of risk, and if youre going to take the risk, the amount of money you stand to gain needs to be big. Hvis noen du marginalt stoler ber om et 50 lån og tilbyr å betale deg 60 om to uker, kan det ikke være verdt risikoen, men hva hvis de tilbød å betale deg 100 Risikoen for å miste 50 for muligheten til å gjøre 100, kan være tiltalende. So in that case your risk:reward ratio will be 1:2 But what if you decided that you want to minimize your stop loss distance And even though you are trading with a setup in the daily chart, for your trade entry, you are actually switching to the smaller timeframe and watching for a sell signal in the 1hr timeframe Well, what Ive just described is a really good example of multi-timeframe trading to get better trade entries. Lets study a chart of what happened in the past to make you understand what I am talking about This chart below is a daily chart and shows a triple top pattern in a solid resistance level. Price has been pushed down twice from this level and when the third time it price reaches this level, it was pushed down again. Now, you can see the bearish harami reversal candlestick pattern and you could have used this as your sell signal by placing a pending sell stop order just a few pips under the low. And placed your stop loss outside of the resistance line as shown on the chart above. But if you switched to the 1hr chart to wait for trade entry, your stop loss distances would be very small in comparison to the daily timeframe as shown by the chart below(Ive zoomed in to get in closer): Now, lets compare both trades in the daily chart: Notice that for the 1hr trade entry, it was done almost at the very top and the stop loss distance was very small in comparison to the trade taken in the daily timeframe. Which means that the risk:reward of the 1hr timeframe trade is a lot better than what you would get in the daily. Now, you can do this with daily timeframe and 4hrs or even down to the 30 and 15 minute timeframes. Or you can watch trade setups in the 4hr but switch to either the 1hr, 30mins, 15min and 5mins for your trade entries. I often use the 1hr for my trade entries and can even go down to 5min timeframe for my entries. If you are new trader, stick to 1hr or 4hr timeframe for your trade entries. So when you trade in the 1hr timeframe (or much smaller timeframe) you can actually trade a lot more contracts without risking more because your stop loss distance are very small compared to the larger timeframe trade. For example, the stop loss for the 1hr timeframe trade is 20 pips but for the daily timeframe trade is 80 pips. Lets say that you have a 10,000 account and you risk 2(200) each trade. If you trade in the daily chart, that stop loss of 80 pips is roughly 800 so to keep your risk at 2 the amount of contracts you will trade will be 0.25. However If youve traded in the 1hr you can be able to trade 1 standard lot. This simple example explains why I wait patiently for trade setups to happen in the monthly, weekly, daily, 4hr timeframes and then use smaller timeframes to get good trade entries. This is the beauty of multi-timeframe trading using price action. Let me give one more example of multi-time frame analysisAs Im writing this book (the date now is 5 th of Dec 2014), I can see that EURJPY has been on an uptrend since July 2012 on the monthly charts and I can also see that there is resistance level at 149.115 which it hit already. This is the monthly chart: Now, lets zoom in on the daily chart and see what the price action is like on where the arrow is pointing (see chart below): Ok, I begin to see whats happeningso obviously, EURJPY has been rejected down on the 149.115 resistance level with the formation of the shooting star (bearish candlestick signal) but now, I can see that its going back up to test that level again. Two things can happen here: Price is going to hit the resistance level and head back down ( and I will be waiting for a bearish reversal candlestick there to sell when I see one). Or its going to break it and if it breaks it, theres a significant resistance level above it you can see on the monthly chart. Now, lets go down into the 4hr chart to see what is happening there as well So now you can see how I do my multi-timeframe analysis to get down a timeframe where I execute a trade at a very good price level or entry point whilst keeping my stop loss distance tight. Now, here the thing about larger timeframes: They cover up trading setups that are happening in smaller timeframes that could be really reliable trading setups. But when you switch back and forth between timeframes, you begin to see how you can trade the larger timeframes setups based on the setups that happen in the smaller timeframes. For this eurjpy setup above, Im going to be sitting down and watching it to see if I get a bearish reversal candlestick in the 1hr or the 4hr. its probably going to happen tonight in maybe 4-8hrs time but the price is getting close to that resistance level. I really dont like trading breakouts where I see the price has been overextend for a long period of time so even if this one breakouts to the upside, I will not be buying. I will be waiting for a pullback to buy, if that happens. CHAPTER 17: TRADE THE OBVIOUS I hope you have learnt how powerful price action trading can be. Now, not all trading setups you see will become winners. But heres the thingif your losses are small but your profits are large, you will always be in be out in front. Thats why trading risk management is important. When you are watching the chart for trading setups, you need see and trade the obvious. What do I mean by that Well, if there is an obvious pattern on the chart and you can see it clearly, then you should know that there are thousands of traders out there are watching the exact same thing as you are doingbecause its so obvious . Trendlines or channels or bullish pin bar forming on major support level, if you can see that, there are many that will be seeing the same thing. All these traders will be waiting to see what happens at these levels and say if a bullish hammer forms on a major support level, then guess what will happen next The most likely outcome of that is that as soon as the high of the hammer candlestick is broken, price will shoot up Trade the obvious How many times have you ever went over your chart and you are like: Goodness me I should have taken a trade here and look at how the market moved after that bearish shooting star candlestick was formed after hitting the resistance level. When you trade the obvious, then you trade with what everybody else is seeing and in essence you are really doing piggy-back, riding on the market move created by all these orders that puts the odds in your favour. See chart below for this: if you see a support major support level and price is heading down to it and at the same time, that support level is coinciding with an upward trendline What does this mean Thats Confluence buddy And then you see a bullish Piercing line reversal candlestick form right at the area of confluence. Are you going to be undecided about this price signal and pull up stochastic or CCI indicator to really make sure (give you confidence) you need to buy. NO need for thatJust Trade the obvious CHAPTER 18: CLOSING REMARKS Some things I have learnt: Levels are not lines drawn in concrete, they get broken . You see, the more a level is tested multiple times, sooner or later it will get broken. From my observations, 2-3 times is the average, after that, expect a breakout of the level. Dont listen to analysts . They can stuff up your decision making process and cloud your judgement. For example: I see a sell setup on my chart but because Ive read the analysts report that says he is bullish on this currency pair because of this and that reason . I hesitate to pull the trigger. Later, I check the chart and see that If I had sold, I would have made money. So use your own independent judgment based on what you see on your charts. Find your best timeframe to trade . Your personality, work circumstances etc may dictate what timeframe you can use. For me, I can trade from the 4hr, 1hr down the 5 amp 1 min charts because I use multi-timeframe trading. Yes, there will be people that will say You are crazy to be trading in the smaller timeframes like the 5min and 1minute because theres too much noise in the smaller timeframes. Yes, I know thatThe whole point of me switching to lower timeframes is this: to get better trade entries. You dont have to do that, thats my style . Thats what I like. If the bus leaves you, dont chase the bus In other words dont chase trades. If you are late to get into a trade at an optimal entry point and realized that you might miss out, then back off and wait. There will always be another opportunity or wait for a retraceretestpullback etc and then enter. Be patient for the right trading setups to form. If you are suffering from losing streaks, take a break . Take a week off from trading to clear up your mind then come back with a clear mind to trade. If you have winning streaks, dont get overconfident and risk more. You streaks of losses may be just around the corner. If youve enjoyed going through my price action trading course . please dont forget to share, tweet, like and link to it by clicking those sharing buttons on the left side of this page. Jeg vil virkelig sette pris på det. Takk skal du ha. If you could shed some light of the trading system you are using ( with charts 038 examples) of what you are talking about, maybe I can give you a proper answer. With multi-timeframe trading, the lower timeframe does not necessarily have to be in the same direction as the larger timeframe. If you are using price action, what you are looking for is the 8216SIGNAL8221 when the lower timeframe starts showing indication that price may potentially start following the trend in the larger timeframe. That8217s the time you take a trade with the ancipation that the lower timeframe trend will start turning to follow the main trend in the larger timeframe. You will notice that: (1) the main trend was up up on the daily timeframe (the larger timeframe) (2) switching to lower timeframe, 4hr or 1hr to wait there for sell signals (bearish reversal candlesticks) Based on this example, you can see that daily trend was up, even the 4hr or 1 hr trend was heading up as well. But the key to this whole thing was the 8220trade setup8221 that was seen many days before it happened. I am from India and has been a kind of active trader from last many years. From last couple of years i am into price action trading and finally the account is moving to a positive direction. Though most of the things you shared above. i was already aware of but still learnt few concepts that i think can provide an extra edge to my trading. A VERY BIG THANK YOU FOR YOUR TIME AND EFFORT FOR PUTTING THIS EXCELLENT MATERIAL IN A SINGLE PAGE THAT TOO IN A VERY DETAILED MANNER. As a token of gratitude i am sharing couple of very important and knowledgeable links with you. Please visit them whenever you get a chance 8211 HAPPY TRADING amp AGAIN THANKS FOR EVERYTHING. Hai Rkay Terima kasih telah membuat blog yang sangat sangat saya cari selama ini Sudah sekian banyak saya mengunjungi web dan blog forex, tetapi mereka hanya menjelaskan dasar nya saja. jika kita ingin mengetahui lebih lanjut harus membayar harga yang sangat tinggi. Tetapi disini dijelaskan sampai ke akar nya. sekali lagi terimakasih banyak atas ilmu nya.. Price Action adalah yang terbaik.. Maaf jika komentar saya tidak menggunakan bahasa inggris, itu karena saya tidak begitu faham. hahahaha Hi Hilman, thanks for commenting. Using Google Translate: Hai Rkay Thank you for making the blog a very highly I was looking for this I8217ve visited many web and forex blog, but they only explain its basis only. If we want to find out more should pay a very high price. But here described to her roots. sekali again thanks so much for his science. Price Action is the best. I8217m sorry if my comments do not use the English language, it is because I do not quite understand. hahahaha Hi Rkay I would like to ask for advice to you. for 5 months, I learned a demo account and start to profit consistently. I want to start a real account with an initial capital of 150, what is approximately lavarage should I use. and how many risks I use. I had been using lavarage 1: 200 and the risk of 5 of the capital. I hope you give advice and risk lavarage what should I use thank you Hi Hilman, you need figure out the answers to those questions yourself. If you are starting a live trading account with 150, the question needs to be asked: would you be satisfied with a 5 profit each trade Or even a 1 profit each trade If your trading account cannot support the contract sizes that would equate to the type of profits that you8217d like to see happening, then the chances are you are going to take a lot of risks on your 150 trading account to 8220meet that expectation8221. and that is something i cannot tell you what you should do. Leverage is totally irrelevant. How much risk per trade is.
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