1.1080 low got taken, like we said. Bearish until 1.1020. Now do you see why I don't trust candlestick patterns?

Price action trading - Trade like the pros!

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Price action trading - Trade like the pros!

Good job on the thorough analysis! ) I explained in a previous post why EU made a lower low. I was expecting it to drop straight down to 1.1080, but it seems there's still some bullishness. What's more, those payroll numbers surprised me, since I ...

Price action trading - Trade like the pros!

Yes, sometimes I'll use limit orders, sometimes I'll just wait for price to reach these levels and act on market price. I don't have any specific signal to tell me to buy or sell. Don't really need one, when you're picking highs and lows.

Price action trading - Trade like the pros!

Only a small decline within range so far..

Price action trading - Trade like the pros!

Since there are US payrolls in about an hour, we don't want to have any exposure going. Sometimes we can use NFP as a driver for our positions, but most of the time it's a gamble. I STRONGLY ADVISE WE STAY FLAT DURING THE PAYROLLS. However, since ...

Price action trading - Trade like the pros!

Yes, that's the idea. Very nice

Price action trading - Trade like the pros!

I started off drawing everybody's attention to the last candle of opposite color before a rally or decline, which is a good start. We want as much precision as possible, so I am now narrowing down the sensitive area to the wick to body zone of that ...

Price action trading - Trade like the pros!

Remember what we said about those clean daily lows?

Price action trading - Trade like the pros!

I am so sad I did not hold that position 700 pips in a matter of seconds...

Price action trading - Trade like the pros!

+60 for the day over two positions, it's as simple as that. So far, we've seen two types of entries. First one was the entry during consolidation with a bias based on sound analysis of the market. The second one was in a more dynamic market ...

Price action trading - Trade like the pros!

Hey I'm Alex. It's possible, a lot of people trade the core of what I do, but you'll find this method is different in a lot of ways. Like for instance, our ability to predict future PA To answer your questions, I will ...

Price action trading - Trade like the pros!

Perfect! You're getting the hangs of it ) Just one thing, that area you marked as supply on your H4 chart is not necessarily supply. This is what it should look like. And be careful, on USDCAD supply levels come from a daily ...

Price action trading - Trade like the pros!

No matter how much confidence you have, it's never wise to overleverage. No more than 2% risk per trade!

Price action trading - Trade like the pros!

If you think about it, price is always traded within a certain range. Sort of like russian puppets. When I set my SL and TP, I was looking at the small range, and I was worried price would not go beyond it, evidently I was wrong and it went another ...

Price action trading - Trade like the pros!

EU short, entered inside the range as shown on the chart. I may close once it gets inside the highlighted area below.

Price action trading - Trade like the pros!

Depending on how confident I am at the time, I will use varying ranges as the background of my trade. Sometimes I will look for smaller ranges, which are safer, in case I notice that the trend is strong, I will zoom out and use a larger range. In ...

Price action trading - Trade like the pros!

Some more insight on the method: We don't want to be in every single trade on every single currency pair at any given moment. What we do is planned, strategic, surgical strikes. We enter, take our profit and leave. It's simple math really. A couple ...

Price action trading - Trade like the pros!

Thank you for the support Cable hit TP, +30

Price action trading - Trade like the pros!

When we're looking for entries, it is best to play it safe. Here's the thing, the area between the wick of the candle and the body is where the supply or demand is at. Most times it will reach the body. Now that we know how to pinpoint those areas, ...

Price action trading - Trade like the pros!