A recap on higher timeframe analysis (or in other words, our preparation work): Using our higher timeframes, we try to determine a bias. To do that, and starting on a daily chart, we look left to see where price has been, denote key levels, mark ...

Price action trading - Trade like the pros!

I would not post something that is negative I don't trade Kiwi and aussie because they tend to move a lot while I'm asleep, ranging thru the day (Sydney open @ midnight my time, NZ an hour before that I believe). I would, but honestly 3 pairs is ...

Price action trading - Trade like the pros!

If the USDx were ranging, then yes, no clear direction on foreign currencies. In our case, USDx has rallied and is sitting at supply around 98.00, with potential to break higher. We said, last friday, that there would be some minor corective ...

Price action trading - Trade like the pros!

First post has been updated with a few links to helpful posts.

Price action trading - Trade like the pros!

Or you could use Tradingview like some of the people on here.

Price action trading - Trade like the pros!

The fact that you did not understand how to implement USDx analysis into trading does most definitely not mean that it does not work. It may not be your fault, I may have been vague about it. No matter how weighed the euro is, once the USDx begins ...

Price action trading - Trade like the pros!

Trade idea

Price action trading - Trade like the pros!

GU breaks out on brexit fear-relief, took stops out at the 2300 RN, it could present a good long opportunity by the end of the day, target is 1.2340 for now.

Price action trading - Trade like the pros!

Break to 97.30 is possible today but not 100% likely... GU capped by consolidation range, EU is still correcting from the decline...

Price action trading - Trade like the pros!

Done and done. Too bad cable didnt follow.

Price action trading - Trade like the pros!

Took a small loss unfortunately

Price action trading - Trade like the pros!

Liquidity is within the open and 50% of the body, when we're talking supply/demand. KSR levels is where we look at wicks, closes and opens etc.

Price action trading - Trade like the pros!

This is what I'm hoping to see.

Price action trading - Trade like the pros!

Starting to feel uncomfortable with this PA. Bears are clawing at the door. Very likely to end up as a loss, and may look for a way out of it before that happens. I was expecting EU to break, unfortunately it didn't. Dollar halted also.

Price action trading - Trade like the pros!

And staying true to the bias... Let's see if it makes it.

Price action trading - Trade like the pros!

As promised, guys dollar is declining at the beginning of this week.

Price action trading - Trade like the pros!

I'll do that asap I do m5 and m15 for my entries. I haven't done the math regarding % winning trades, we take few setups but the proper ones. And also it depends based on experience and practice - my WR will be different than others

Price action trading - Trade like the pros!

It's not fixed, so it varies. I use a stop no bigger than 20 pips (2%) for a TP no smaller than 30 pips. Most often it's 2:1 with a 15 pip stop - 30 pip tp. I will however sometimes hold on longer and achieve higher RR.

Price action trading - Trade like the pros!

Yep, refer to these posts:

Price action trading - Trade like the pros!

Closed prematurely, +23 roughly over two positions. Which makes for 50 something pips for today. Did not want to wait too long and risk losing profit this late into a friday.

Price action trading - Trade like the pros!