My kind of trade Short and sweet, in and out.

Price action trading - Trade like the pros!

Late again, shorted it slightly below the daily open. Demand below, if I'm right it should be a piece of cake.

Price action trading - Trade like the pros!

U/cad is my baby right now. Since it's failed to stay above the range ( > 1.3275): I kind of want to see it drop to 1.2930ish before it resumes any rally into the wider range above.

Price action trading - Trade like the pros!

As far as the EU and GU go... I don't think EU should rally much above 1.1150, there is still one more low in recent price action that needs taking out, so after a correctional wave, I expect to see that gone just as USDx hits the 98.63 level. GU is ...

Price action trading - Trade like the pros!

Well EU reached the target we called, what's next? I'm looking at a dollar chart right now aaaand... Price reached some supply which caused it to turn today, however it may still go to 98.63, where another juicy supply area is waiting. Now, ...

Price action trading - Trade like the pros!

Sat in front of my charts a bit late, missed the drop to the previously shown level, so tried to enter on a retracement. It went for a second test before it shot up, unfortunately it never made it to my 30 pip TP and turned after 22 pips. I usually ...

Price action trading - Trade like the pros!

There isn't an exact trigger, like I said. We look for levels, take trades at or near them. You can use any trigger signal you want, if inbars or outside bars is your thing - by all means, use that. It won't make a difference, since you're trading ...

Price action trading - Trade like the pros!

That's kinda it But the problem with watching too many instruments for our correlations is that more than one of them is bound to diverge from the bunch. That's why I just eye USDx. Another useful thing is the commitment of traders report.

Price action trading - Trade like the pros!

I haven't traded these days, because I've been super busy with other things, I will once I find the time again... As far as how to trade it, I will use hindsight to show a couple of possible ways to go about it, just for the sake of giving an ...

Price action trading - Trade like the pros!

Those exotic pairs are highly volatile. Look at price action to your left. We have a range completion at 1.5646, and another range at 1.5730 to which the rally extended. Once it reached that, and having broken an important mid-term high, it was ...

Price action trading - Trade like the pros!

As called. And once again, like russian puppets

Price action trading - Trade like the pros!

Furthermore, if you missed the initial entry as shown on the chart above, have a look at this: An entry at the 78.6 retracement will get you barely 11 pips drawdown. So a standard 20 pip SL will be okay, for a 240 pip rally. I personally would ...

Price action trading - Trade like the pros!

Notice the wicks overshot the line I have marked up there? This is why we scale down to smaller timeframes, in order to take our trades. It's like "Inception", there are areas within the areas. First picture is that of H4, price is a broken down in ...

Price action trading - Trade like the pros!

You can, but what good will it do? We want to see the closest levels of interest around current market price. Today, the closest level was the one I marked. However, as you can see, there was a reaction at the level you have drawn, so you basically ...

Price action trading - Trade like the pros!

Accumulation is easy to identify. Every large move (trend) is followed by consolidation (range), which in turn becomes a new accumulation phase. The concept is based on the premise that the market moves from range to expansion to consolidation. ...

Price action trading - Trade like the pros!

No, it's like this: The first level, we see price reacts to it and we have to assume it is a level of resistance for whatever reason. If we scroll back on our charts, we might spot an area of supply, it may have also been just a fundamental reason ...

Price action trading - Trade like the pros!

You've got it right KSR may have been an area of supply or demand way back in time. It may have also been a swift fundamental turn. The big difference between Sup/Dem and KSR is thаt the first relate to nearest price action, while KSR may be ...

Price action trading - Trade like the pros!

Oh I trade majors with an emphasis on EU, GU and sometimes USD/CAD. I don't like monitoring too many pairs, and I like the ones that are closely correlated with the USDX, since I use it a lot in my analysis. Also, right now I try to stay off cable ...

Price action trading - Trade like the pros!

Hi I'm sorry, what do you mean what changes do I trade?

Price action trading - Trade like the pros!

Dollar completes the range, retraces are probable. Highlighted area above is the next target.

Price action trading - Trade like the pros!