You're right about the KSR, but there's something more to it. I had plotted out two scenarios for the NFP to play out.. The one I acted upon was this one:

Price action trading - Trade like the pros!

Thanks for the feedback! I hope it helps out. I like keeping things simple, my usage of fibs is as simple as can be.

Price action trading - Trade like the pros!

url Here's the final result.

Price action trading - Trade like the pros!

Hey guys, Was wondering, is there anyone familiar with video editing? I haven't really done much editing, but whenever I try to lately, I keep getting my picture all scrambled like in the screenshot below. Any clue as to why? I recorded a live trade ...

Price action trading - Trade like the pros!

And a long forgotten live trade EU trade video

Price action trading - Trade like the pros!

video The Fibonacci video I promised...

Price action trading - Trade like the pros!

Well on the 25th, I actually took a short in the morning and I showcased it here: As for the 26th, I would hate to point to hindsight entry ideas as I did not take a short then. But if I would have to, daily open on the 26th is located at 1.1858. ...

Price action trading - Trade like the pros!

Pretty much, yes. That's what I meant too.

Price action trading - Trade like the pros!

I mean what I said in brackets the 00, 20, 50 and 80 levels. The 1.20, 1.10 levels hold a significance for the euro. The 1.1980, 1.2020 levels are institutional levels. Institutions and traders both like round numbers. And there's a rational ...

Price action trading - Trade like the pros!

I've been getting questions on fibonacci and how to use it, I will try to dedicate a post to fibs one of these days.

Price action trading - Trade like the pros!

I usually use a 20 pip stop, with a 2-2,5% risk parameter. Sometimes I will use a tighter, 10 pip or less if I am really sure the trade will shoot in my direction straight away. Placing a stop is not easy, because in order to have a reasonable stop ...

Price action trading - Trade like the pros!

Of course you can, but you will have to use a much bigger stop. Smaller timeframes help frame your entry point much better. I would refer you to the "zone within the zone" concept that you can find a link to in the first post.

Price action trading - Trade like the pros!

Set it and forget it type of trade, with a 30 pip TP as I was out all day, capitalizing on the post-german elections euro decline.

Price action trading - Trade like the pros!

I closed manually the bigger part of the position last night and let the rest run to its 40 pip TP.

Price action trading - Trade like the pros!

Closing the trade due to unsettling circumstance seen on the daily and m30 charts... tomorrow is a new day.

Price action trading - Trade like the pros!

Liquidity filling.

Price action trading - Trade like the pros!

Well I've been waiting for a euro drop all week and kept getting stops hit until it finally happened without me on board yesterday. I did get 100 pips on Ucad, though.

Price action trading - Trade like the pros!

Hello. Well obviously higher timeframes will be more reliable, but that doesn't mean small tf S/R are to be neglected. Like I said in one of my previous posts, look for the area within the area. Here's an example on USD-CAD :

Price action trading - Trade like the pros!

Even if you are a longer term trader, using the smaller timeframes can be pure gold in terms of entry accuracy. Doing it allows for much tighter stops at the very least. When you're done analysing your higher timeframes (which would in this case ...

Price action trading - Trade like the pros!

Alright. I expect you read this post here: If you have, then let me try to shed some light. What we want to do is, based on defining market structure, key levels that may act as support or resistance and supply and demand levels, we want to ...

Price action trading - Trade like the pros!