More video on topic «Free price action trading system»

• Price Action Fractal Scalping Trading System - Forex
• Forex Reviews - Teaching The Arts Of Price Action Trading
• Price Action - Learning it by Trading The Forex Market
• Price Action Pattern Indicator For NinjaTrader - Trading

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. That’s what reversal means.

Price Action Fractal Scalping Trading System - Forex

Japanese Candlesticks are so popular and used by so many traders that most every charting program includes the option to use Candlesticks.

Forex Reviews - Teaching The Arts Of Price Action Trading

Hi R Key
Thanks a lot for the knowledge
Is it also necessary to you use Volume Analysis in Forex can it help when combines with price action

Price Action - Learning it by Trading The Forex Market

As a trader, you can often let your emotions and more specifically hope take over your sense of logic.  You will look at a price chart and see riches right before your eyes.

Price Action Pattern Indicator For NinjaTrader - Trading

At around the 55% 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).

Now, I can put lots of charts giving you examples of what happened in the past…but it’s 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.

#8: 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:

Because there are so many trader watching that resistance level and  they all know that price has been rejected from this level on a previous one or two occasions and that tells them that it is a resistance level and that they can also see that bearish reversal candlestick formation … and guess what they will be waiting to do?

We live in a time where a large chunk of the trading public is looking for indicators that will put arrows ( ↑↓ ) on their charts so they know when they should buy or sell.

When it forms in a downtrend or at support levels, you should take note…this is a very high probability bullish reversal candlestick pattern and  you should be looking to go long (buy).