Price Action Forex Trading Mestring

Velkommen til min verden av Forex Trading. Velkommen handelsmenn til Forex trading blogmet mitt. Jeg heter Dale Woods, og liker deg. Jeg er en lidenskapelig detaljhandel. Min spesialitet i markedet er swing trading s står overfor det når du først laster opp MT4 og åpne opp ditt første diagram de ikoniske grønt svart tema farger kan gjøre deg cringe med mindre. Selv om Metatrader 4 allerede kommer fullpakket med standarden ut av boksen MT4 indikatorer trader s og utviklere har hatt muligheten til å lage sine egne tilpassede indikatorer for. Nøkkeltall er en sentral del av teknisk analyse Problemet er at teknikken kan være så forvirrende for nybegynnere, fordi markering av dem på et diagram er veldig subjektiv. The. Heikin Ashi Candle Anatomy Fordelene med Heikin Ashi Diagrammer Slik leser Heikin Ashi Lysestaker Advarsel Om bruk av Heikin Ashi Slik handler Heikin Ashi-diagrammer Heikin Ashi. For lenge siden ble teknisk analyse satt i samme bøtte som astrologi, palmeavlesning og formuekaker ingen trodde faktisk det der w Som noen fordeler. La oss være ærlige, de fleste handelsfolk LOVE-indikatorer er alltid et element av spenning når du oppdager et nytt skinnende verktøy for å tinker med på diagrammene dine. Men, det. Nesten hvert enkelt teknisk basert handelssystem vil stole på deg den profesjonelle Forex Trader, har muligheten til å tegne støtte og motstand nivåer på din pris. Forex trading systemer kommer i en rekke kompleksiteter Det er overveldende for en nybegynner handelsmann å finne strategienålen fra internett haystack I dag skal vi. Forex Binær Valg den siste trenden i finansbransjen en helt ny måte å tjene penger på valutabevegelser. Binære alternativer skal ikke forveksles med. Hvordan vurderer du deg selv som en Forex-aktør Eller som en person for den saks skyld Det er en epidemi av handelsmenn der ute, evaluerer seg selv i november 23, 2012 Colorado Springs, Colorado USA 12 01 ET ET. Der Active Stock ETF Trader. It er ekte stress å prøve å finne ut hvem ts verdt trading, og hvordan du håndterer oppføringer og utganger, når du bruker kompliserte tekniske signaler på diagrammer. Målet ditt er å tjene penger, ikke riktig. Ikke å bli en teknisk analytiker som prøver å finne ut stikkastisk RSI eller andre mønstre for å leve. det enkle er nøkkelen. Når jeg var en Fortune-500 konsulent til selskaper som Chevron, Sheraton og andre, hadde jeg det unike privilegiet å være klarert av mange meget velstående ledere. En ting de hadde til felles var en nesten uhyggelig evne til å Følg pengene Når det gjelder aktiv handel, kommer det ned til å vite hvordan man handler sterke pengemønstre for pengepremier i pris-handlingen i diagrammene, som du skal lære. Å låse muligheten til å se på et diagram og umiddelbart gjøre handelsavgjørelser rent basert på pris handling er en av de mest nyttige ferdighetene du kan få som handelsmann. da jeg først begynte å handle, jeg kjøpte mange bøker jeg trodde feil, at jo mer jeg visste om diagrammønstre, jo bedre en handel Jeg blir det. Det var forferdelig av meg. Nå over 13 år senere og etter å ha handlet millioner av aksjer og ETFer, kommer jeg inn i at det ikke er nødvendig å mestre hvert overveldende signal der ute. I stedet er det bare å kunne Korrekt, øyeblikkelig å finne spesifikke handlingsmønstre for pris-handling er mye mer nyttig. Hvorfor fordi det handler om å handle med de mest flyktige, sterkestflytte diagrammer. Å velge det sterkeste handelssignalet fra alle støy der ute, er viktig for vellykket handel. Utvikling av dette mye trengte ferdigheter kan ta deg bokstavelig talt år for å skaffe deg selv. Jeg burde vite det var hvordan jeg gjorde det på den harde måten. Du kan barbere år av din læringskurve ved å oppdage alle mine beste snarveier for handlingsprisemønstre for handel, for å hjelpe du identifiserer de aller beste mulige handelsoppsettene. Det er gode nyheter fordi du igjen skal lære å se pris-handlingsmønstre for deg selv, da jeg tar deg med hånden og lar deg se over skulderen min, når vi går t gjennom dusinvis av pris-handling handelsoppsett og nye mønstre for dagens s markeder, sammen i Price Action Mastery. Og den beste delen er, du kan se selv hvordan du raskt kan lete disse mønstrene for DIN handler også dette er bra jeg kaller det spillernivå trading du faktisk kan bruke dette Se hvordan. Riktig å lære hvordan en ekte handelsmann bruker pris-handlingsmønstre for å forenkle sin handel, bruk det han lærte fra tusenvis av faktiske handler PLUS hvordan du raskt kan bruke disse lite - kjente handelsstrategier i dine egne handler også. Å være forvirret av indikator Overbelastning eller ikke-fungerende bs grønn pil-rute-pil handelsprogramvare Er tidforbruket og usikker Hvor mye bedre kan du handle hvis du kjenner, hvordan du kan spotpris-handlingsmønstre for Selv. Kjør de altfor kompliserte tekniske indikatorene, begynn å bruke prishåndteringsmønstre i stedet, hver gang du handler. Ingen overpriced programvare trengs, bruk teknikker du vil finne ut med hvilken kartprogramvare du ønsker nå, det er lettere en ever. FAQ Hvilke markeder er denne opplæringen for Svar Spesielt for lager - og ETF-dag og svinghandlere Du får dusinvis av eksempler for både svinge - og intradaghandlere, med interaktive aktiviteter, online realtids coaching under webinar hendelser og mye mer. FAQ Du gir deg en full 21-timers opplæring som å få et 3-dagers live-seminar. Hvordan valgte du denne lengden? Svar Der er hele 21 timer nødvendig, fordi du utvikler ferdighetene for å kunne handle umiddelbart basert på ren prishandling mønstre tar tid å mestre og jeg vil sørge for at du virkelig får det og har mange eksempler og interaktive aktiviteter å lære av. Dette inkluderer både kvelden og live markedsopplæringssessioner, designet for å hjelpe deg å gå fra hvor du er i øyeblikket, til et mye mer profesjonelt ferdighetsnivå Ved å avstille treningen ut for å gi 21 timers webinarer, vil du være sikker på å lære dusinvis av nye teknikker pluss ha tid til å svare på spørsmål under hver hendelse. Det er omfattende, pro fessional, og prissett bare denne gangen, under dette innledende spesialtilbudet fordi jeg vil gi deg alle ferdighetene du trenger, i en kraftig 21-hendelse online-serie. FAQ Er webinar økter nedlastbare dersom jeg ikke kan gjøre dem alt svar Ja - faktisk er de i ekstremt høyoppløselig bluray kvalitet 1920x1080 oppløsning, vanligvis rundt 300MB hver, som du kan laste ned. Du får tilgang til et enkelt nedlastingsområde hvor du kan laste ned hvert webinarinnspilling, sendt innen 48 timer etter hver hendelse FAQ Hvordan er trening din unik, hvordan er dette forskjellig fra andre lærere Svar Det viktigste er at jeg er ekte handelsmann, som viser det med vanlige PL-skjermbilder av faktiske handler jeg har gjort som du har sett på forhåndsvisningssidene. Som en ekte handelsmann, kan jeg vise deg hvordan jeg handler og gjøre det i et raskt, profesjonelt læringsmiljø. Også siden jeg pleide å være en Fortune-500 bedriftskulturkonsulent til selskaper som Ford, Sheraton, Chevron, McDonnell D ouglas, Hyatt og andre, får du lære i et interaktivt praktisk læringsformat under webinarer, ikke snoozefest enveis forelesninger som andre gjør jeg øktene morsomme, engasjerende, praktiske, autentiske siden jeg er ekte handelsmann, pluss få deg opp til hastighet raskt ved hjelp av et interaktivt nedsenkningscoaching-format som er unikt i handelsbransjen. Jeg er anerkjent i verdensklasse lærer, trener og konsulent i tillegg til å være en ekte handelsmann. Dette betyr at du er, kan du lære på en mye dypere og mer personlig nivå, og gjør det i et raskt, interaktivt og briljant levert format som er unikt. Det er bare så bra, se alle hundrevis av testimonials på nettstedene mine, inkludert videoen som viser hvor godt handelsmenn lærer med meg. FAQ Ken , hvordan er dette forskjellig fra din andre opplæring Svar Pris Handling Mastery fokuserer spesielt på å hjelpe deg med å finne ut hvordan du bruker prisaktive mønstre for både breakout og pivot entries utganger Hva er unikt er de nye mønstrene, oppdaterte taktikker cs, tilleggsstrategier og aktiviteter Det er designet for å legge til på mine andre kurs og levere nye handelsferdigheter og visuelle handels - og utgangsferdigheter. FAQ Ken, hvordan planlegger vi min 30-minutters telefonsamtaler. Svar Vi planlegger alle coaching-anrop begynner i slutten av januar, på et tidspunkt som er gjensidig praktisk for oss begge, vil jeg spørre handelsmenn til å sende meg 3 ganger som er bra for deg, og jeg velger en og vi fullfører tiden da jeg telefoner deg på den ordnede tiden for vår personlige ring Dette er en sjelden bonus Jeg pleide å belaste 2K time for telefon coaching samtaler tilbake i 2001-2005 da jeg tilbød dem. FAQ Hvordan gjør din nedsenkning coaching og du gjør opplæring arbeid, i Pris Handling Mesterlig trening Svar Traders lære best ved å være involvert i læringsprosessen, ikke bare passivt å se på et webinar som det så snakkesett kabel-tv-show Så jeg designer spesielle aktiviteter i hver økt som i utgangspunktet har deg til å følge med teknikken, og gjør deretter inn - og utgang c alt om hvordan du går inn i handelen hvis du ønsker at det er helt valgfritt å delta i, vil jeg oppfordre deg til å utnytte denne profesjonelle, interaktive tilnærmingen for å bidra til å akselerere din læring og ferdighetsutvikling raskere enn noensinne. Ved å nedsette coaching hva jeg mener er at vi går gjennom diagrammer sammen som et lag, og jobber for å få deg fokusert på å finne ut nøyaktig hvordan du bruker den dagen. s Pris Handling Bevegelsestaktikk for deg selv, ved hjelp av diagrammer vi lærer fra Det er så mye bedre enn det langsomme forelesningen - Stil enveis powerpoint forelesninger som andre lærere bruker i stedet lærer du fra faktiske markedskart, med Pris Action Mastery strategier forklart nøye, med interaktiv Live QA med meg gjennom hver økt det er en kraftig måte å lære å virkelig trade. FAQ Hva slags Trader Support tilbyr du Svar Jeg svarer på dine spørsmål under medlemmene bare live webinars, slik at du kan spørre om en bestemt pris handling trading teknikk og få live realtime svar jeg kan Ikke svar på individuelle spørsmål via e-post på grunn av tidsbegrensninger, så vær så snill å ikke sende e-postspørsmål om handel, for med så mange forhandlere har jeg rett og slett ikke tid til å svare på individuelle handelsspørsmål via e-post. Jeg ser frem til å se deg på webinarene , hvor vi kan gå over spørsmål sammen, kan jeg holde meg så lenge som tretti minutter etter hvert arrangement for handelsmannen Q A. FAQ Hva er den største fordelen med å lære? Pris Handling Beundring med deg Svar Som jeg beskriver i videoene, er den største fordelen få faglig nivå handelsferdigheter designet for å hjelpe deg å bli uavhengig av varslingstjenester, spesiell programvare, nyhetsbrev, chatroom og lignende krykker. Og for å kunne rydde diagramrøret slik at du kan se trinn for trinn nøyaktig hvordan du angir oppføringer og utganger ved å trekke opp et diagram og raskt vite hvordan du handler det som en profesjonell handler. Tenk på hvor mye tid du kan lagre, ved ikke å bruke forsinkende indikatorer, og i stedet å kunne erstatte ferdigheten til å rapi Dly, raskt vet hvordan du skal rive et diagram og finne ut hvordan du handler det. Å få tillit og hastighet til å nimbly gå gjennom diagrammer og umiddelbart vite hvordan du handler dem, er en livslang ferdighet du vil sette pris på så lenge du handler Som en av bransjens topp anerkjente profesjonelle i momentumsdag og svinghandel og en ekte handelsmann som beviser det, er jeg unikt kvalifisert og i stand til å lære deg alle de ferdighetene du trenger. FAQ Jeg m et alternativ eller Forex eller E-mini Trader kan dette hjelpe meg. Svar Pris Handling Mastery vil inneholde diagrameksempler for swing trading og intraday trading aksjer og ETFs ikke Forex eller ES e-minis. Men prismønstret trening du vil lære kan lett tilpasses til trading andre markeder siden det lærer deg den spesifikke hvordan ferdigheter for å raskt spotte prisinngangsmønstre som kan brukes med hvilket som helst diagram. For opsjonshandlere er det også en kritisk ferdighet å få en forståelse av hvordan man bruker prishandling, så det kan være veldig nyttig for opsjonshandlere bare husk at det ikke vil bli diskutert strike priser og setter samtaler eller Forex ES diagrammer, som vi vil lære ved å bruke lager ETF swing og day trading lysestake diagrammer. FAQ Jeg har et annet spørsmål om Price Action Mastery treningsprogram, hvordan kan jeg stille spørsmål Svar Bare klikk på Support-fanen til venstre for denne siden eller klikk her for å sende et spørsmål. Jeg vil gjerne analysere diagrammer for deres prishandling i komprimert tid 5 min diagram i en 1-minutters tidsramme slik at når Jeg går inn i markedet, evnen til å gjøre handelen blir mye lettere og virker lengre. Vil kurset benytte rask analyse og avgjørelser på å flytte diagrammer, eller vil den bare bruke statiske diagrammer? Jeg forstår at statiske diagrammer er nødvendige for å lage et læringspunkt. da kan vi gi oss praktisk anerkjennelse av mønstre med tidstrykk - Bob W. October 27, 2012 1 03 PM. Great Presentation Video For mange indikatorer å følge er vanskelig og komplisert for å bestemme hvilken indikator som skal brukes En gangs indikator ser ut til å være bullish, men i et øyeblikk endres det til bearish, så hva skal du tro Komplisert og komplisert det samme som den andre videoopptatte gaten Jeg har litt forståelse for prishandling og jeg liker det fordi dette vil gi en mulighet til å lage En dynamisk beslutning Derfor gleder jeg meg til å lære mer om prishandlingsmetode for å være en ekspert på handel for å nå mitt økonomiske mål. Hele trening vil hjelpe meg å oppnå mitt mål - Srinath P. October 27, 2012 1 44PM. By lære å kunne handle godt med kun prishandling kan minimere kostnadene for kartlegging av programvare og savnet eller miste handler på grunn av motstridende indikatorer. Fungerer dette også bra med aksjer og ETFs. Does det fungere bra i alle tidsrammer, som 1, 5 15 minutter for dagshandling hver dag daglig for handel med svingposisjon Brukes flere tidsrammer for å ta handler, eller fokuserer du bare på en tidsramme når du handler. Stor informasjon Takk - Terry O. October 27, 2012 11 26 AM. Læringspris handling ion gjør det mulig for meg å forenkle min handel for å fokusere primært på prisbevegelser og bruke minimale indikatorer for å bekrefte inngang eller utgang - Roland LI lærte fra mine Gann-studier for 30 år siden at prisen er konge Til tross for at alle Gann er kompliserte, nesten forvirrende, signalerer det virkelig alle kokte ned til pris handling. Siden jeg kom tilbake til handel, har jeg blitt overveldet av nye tekniske indikatorer som forteller deg mye om markedet, men er en forstyrrelse fra hovedspillet - pris handling jeg ser frem til å lære fra Ken - Joe M. October 27, 2012 6 38 AM. Enkelhet og ryddige forvirrende oscillatorer som bare er formler på prishandlingen uansett - Gary C. October 25, 2012 3 45 PM. I leter etter verktøy for å fremme min handelsferdigheter Dette kan være en av mine best - Howard E. Du har vært så overnaturlig i din undervisning Ken Jeg har visst at pris handling avslører retningskraften til prisen til enhver tid og får meg til et stort trekk rett og slett jeg smaker å dele med deg alltid Jeg har et godt innblikk i å gjøre det Du er et rart i handelsbransjen Takk - Nausting N. October 23, 2012 7 41PM. I hjertet av et diagram er prishandlingen. Jeg har imidlertid alltid funnet pris alene for ikke å gi meg klarheten Jeg må ta en beslutning Er det mulig å bruke prisen alene eller er deres indikatorer som hjelper i beslutningsprosessen, jeg elsker å være fyren på den tropiske stranden, men det gjør livet for enkelt. Ser frem til å ha noen svar og se hvordan du nærme det, Ken - Noel L. Reply fra Ken Hi Noel, selvfølgelig er det mange indikatorer for å se på om nøkkelen er å bruke mer tid på MARKET indikatorer, i motsetning til individuelle kartmønster indikatorer. For eksempel ser jeg alltid premarket på NASDAQ premarket futures, tidligere dag relativ sektor styrke og premarket gap og indikatorer på markedet som TRIN, ES e-mini retningsretninger, sektor prosentandeler, volumer og andre indikatorer Så ja det er mye mer til det enn bare pris, men mesteparten av e Andre faktorer er markedsspesifikke og sektorsspesifikke, ikke intra-chart Innen diagrammer kommer alt fra bestemte kortvarige stearinlysmønstre til lengden på mikrotrender, dypet av kopper, ATR og andre mønstre til å spille. Stort spørsmål, glad du tok det opp. Se min 3 funksjon Pris Action artikler for more. October 23, 2012 12 24 PM. Jeg har studert Ken s disipliner for en tid nå Enkelheten i denne veldefinerte tilnærmingen er en måte å gjøre gode handelsbeslutninger. God avgjørelser fjerner den følelsesmessige konflikten som kommer fra ubesluttsomhet og tiltakskutt til det raske Hvilke nivå har prisen kommer fra hvor er prisen nå og hvor kan prisen potensielt flytte til fra hvor den er - Wes T. Reply fra Ken Hey Wes, takk alltid godt for å høre tankene dine på disse strategiene og riktig pris handling er det reneste, sterkeste og mest nyttige signalet tilgjengelig, så det er derfor jeg bruker det som den viktigste grunnen til å gå inn og ut av mine handler, enten det er intradag med tape lesing eller swing trading u synge spesifikke pris-action mønstre områder, utvidelser, ATRs, stearinlys osv., alt kommer tilbake til pris, med volum som en sekundær indikator, og alt annet som derivater ikke så viktig. Ook 22, 2012 8 43 PM. Jeg tenker å lære om pris handling ville være flott for min handel Pris handling er den beste indikatoren --- så hvis jeg kunne lære det ene elementet jeg tror min handel vil stort sett takke igjen for å hjelpe handelsmenn samfunnet læringspris handling vil hjelpe med bedre oppføringer og utganger på min handel Jo mer du lærer jo bedre din handel blir - Jean J. Reply fra Ken Hi Jean, bra poeng Jeg har funnet det som forenkler mye av handelsprosessen min for å gå WIDER, noe som betyr at flere instrumenter, lettere størrelse handles og deretter skaleres inn til vinnere , alt basert på pris handling, er en mye bedre tilnærming enn overanalyserende og går dypt inn i one-to-twosy diagrammer på stor størrelse En leksjon lærte mange år for sent, jeg vil innrømme, men bedre sent enn aldri Se deg der. Ook 17, 2012 11 56AM. As med alle dine andre klasser tilgjengelig, dette høres mest interessant og verdifullt for min handel. Jeg m alltid ute etter å forbedre min handel, og lærer noen teknikk jeg ikke har kjent hittil for å gjøre handlingene mer vellykkede. Jeg søker alltid etter de manglende ferdighetene som kanskje Jeg vet ikke om, men ønsker å lære å kontinuerlig forbedre mine handelsbetingelser, ser frem til disse webinarene, takk, Ken - JaniceLynn J. October 16, 2012 12 54 PM. Pris handling handel er kongen Læring taktikk og mønstre vil være flott Jeg gleder meg til det - Filip D. October 16, 2012 11 27 AM. What kan være viktigere for handelsmenn enn å lese pris handling på diagrammet for å skille trenden - Stephen CI har aldri vært i stand til å fullstendig avvenne meg av indikatorer, men jeg vet at jeg er i godt selskap fordi jeg ofte har sett høy kvalitet Pris-Action-guruer som kommer tilbake på en kryssindikator nå og da vil jeg se hvordan Ken presenterer sin pris handling og hvis det er en sjanse kan dekke fordelene med stearinlysvarianter Tick and Range som jeg finner veldig hjelpsomme når trend og svinger er støybegravet i Time-baserte lysestaker - Roberto T. Reply fra Ken Good point, Roberto det er interessant å Hør Personlig Jeg bruker ikke indikatorer for prisbasert handel i det hele tatt Jeg vil bruke en 1-dagers eller 5-15 60-minutters daglige lysestakediagrammer, med volum og det er det Profesjonell prishandlingshandel ser mye mer ut på ting som pris e varighet, lengder av mikrotrender, dybde av kopper, prosentvise prisendringer og andre strategier. Se deg der, takk. Når du handler med så mange forvirrende tekniske indikatorer, tror jeg at du lærer og masterer ren pris handling vil gi meg en kant i markedet jeg har vært med på flere av dine webminarer og fortsetter å komme tilbake for mer Å være en ny handelsmann, har jeg hatt så mye av læren din Takk, Ken - Alwin S. Reply fra Ken Hi Alwin, takk for den vennlige kommentaren, glad for å høre min undervisning s vært verdifulle Du får et godt poeng, det vil si at det å få en klar forståelse av hvordan du bruker prishandling riktig, kan potensielt gi deg en sunn kanten over andre handelsfolk, spesielt de som bruker indikatorer, siden de er avledet som perforerte. pris handling er den beste måten å handle, i min måte å tenke minst Velkommen til arrangementet ser deg der. 12.oktober 2012 13:00.Ken, vil gjerne forstå sannsynlighetene for forskjellige typer kopp mønstre bruk av pris handling SRPT i dag er et godt eksempel ved hjelp av en 1 min diagram Det er flere kop mønstre dannet, den har en ATR av. 2 og hvis du ventet på de store koppene om morgenen for å sette opp, gjorde du ikke, men hvis de mindre koppene ble spilt, gjorde du det bra. Ville du bedre forstå hvordan du bedre kan se og spille de små koppene med høy sannsynlighet. Takk for at du gir Steve K. Reply fra Ken Bra poeng, Steve Trading pris handling innebærer flere strategier kopper er et godt sted å starte. Hovedmålet er å lære dette nye settet av pris-action mønstre ved hjelp av en rekke signaler vi ll lære om ikke bare store mindre kopper, lys og breakout trender, men flere nye pris handlinger som vil være nyttige for å lære om at jeg kommer til å se deg i trening. 11.oktober 2012 1 37 PM. Velkommen til Ken Calhoun s TradeMastery Daytrading University Network av handelsutdanningssider - populær blant aktive handelsfolk i store finansielle medier i over 15 år Risikoopplysninger Risikoen for tapshandel, verdipapirer, futures, valuta og opsjoner kan være betydelig og er ikke for alle investorer Enkeltpersoner må vurdere alle relevante risikofaktorer, inkludert deres egen personlige økonomiske situasjon før handel. En investor kan potensielt miste all eller mer enn den opprinnelige investeringen. Risikokapitalen er penger som kan gå tapt uten å skade økonomisk trygghet eller livsstil. Bare risikokapital skal brukes til handel og bare de som har tilstrekkelig risikokapital, bør vurdere å handle. Tidligere resultater er ikke nødvendigvis indikativ for fremtidige resultater. Offentlig varsel Jeg, Ken Calhoun, er den eneste eieren, grunnlegger som eneste ansatt i denne virksomheten. Ingen andre enn Ken Calhoun er autorisert til å administrere og håndtere noe relatert til denne virksomheten, inkludert, men ikke begrenset til, relasjoner av noe slag med kunder, kollegaer og tredjepartsfirmaer. Se bort fra eventuelle phishing-forsøk, onlinepostering eller kommunikasjon fra noen andre enn Ken Calhoun som hevder å være tilknyttet dette nettstedet. Ansvarsfraskrivelse All informasjon som er oppgitt her er publisert for utdanningsformål bare og bør ikke tolkes som investeringsrådgivning Ingen lønnsomhet eller ytelseskrav av noe slag blir gjort. Handel er en høyrisiko, spekulativ aktivitet Vi er ikke en investeringsrådgiver, finansiell planlegger eller registrert megler. Vi er utgiver av pedagogisk innhold. Rådfør deg med en registrert investeringsrådgiver før du foretar handels - og investeringsbeslutninger. Ved å få tilgang til dette nettstedet og dets produkttjenester, godtar du alle vilkårene i vår Ansvarsfraskrivelse. Ingen tilbud om å kjøpe eller selge noe instrument på dette nettstedet. Du gir herved dette nettstedet en royaltyfri, evigvarende, verdensomspennende lisens for å vise, modifisere, tilpasse, opprette avledede verk fra og på annen måte bruke forslag, ideer, kommentarer og informasjon du gir til dette nettstedet. Ingen av innholdet vårt på noe nettsted eller kurs eller andre publikasjoner. er et løfte eller garanti for konkrete resultater eller fremtidige inntekter vi ikke tilbyr noen finansiell investering eller handelsrådgivning av noe slag vi publiserer utdanning c ontent Vi har ikke til hensikt å fortelle eller foreslå hvilke verdipapirer eller valutaer kunder skal kjøpe eller selge for seg selv. Våre ansatte og tilknyttede selskaper kan ha posisjoner i aksjer, valutaer eller næringer som diskuteres her. 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Commodity Futures Trading Commission CFTC Regel 4 41 HYPOTETISKE RESULTATRESULTATER HAR VIKTIGE BEGRENSNINGER, NÅR DET ER BESKRIVET UNDER NOGEN REPRESENTASJON SKAL GJENNES EN NOG REGNSKAP VIL ELLER ER LIKELIG Å HENT RESULTATER ELLER TAPER SOM LIGER TIL DINE VISTE FAKTISK, ER DET FREQUENT LY SHARP DIFFERANSER MELLOM HYPOTETISKE PRESTASJONSRESULTATER OG FAKTISKE RESULTATER SOM FØLGES VED ET NÅR SPESIELT HANDELSPROGRAM Én av begrensningene av hypotetiske resultatresultater er at de generelt er utarbeidet med fordelene ved hilsen i tillegg, hypotetisk handel ikke innebærer finansiell risiko og nei HYPOTETISK HANDELSOPPTAK KAN HELT KONTO VIRKNINGEN FOR FINANSIELL RISIKO I FAKTISK HANDEL FOR EKSEMPEL, MULIGHETEN TIL Å STABELLE TAP ELLER ADHERE TIL ET SPESIELT HANDELSPROGRAM SOM HELLER AV HANDELSTILLINGER, ER MATERIALPUNKTER, SOM KAN OGSÅ GJELDES HENSYN TIL AKTUELLE HANDELSRESULTATER DER ER SINNE ANDRE FAKTORER VEDRØRENDE MARKEDENE GENERELLE ELLER TIL GENNEMFØRELSEN AV ET NÅR SPESIFIKT HANDELSPROGRAM, SOM IKKE KAN FULLT REGNSKJERES I FORBEREDELSE AV HYPOTETISKE RESULTATRESULTATER, OG ALLE SOM KAN VÆRE GJELDENDE VIRKELIGE HANDELSRESULTATER Informasjonen, tjenestene, produktene, kravene og materialene På våre nettsider er gitt som er en d uten garantier av noe slag, enten uttrykt eller underforstått Vi frasier all garanti, uttrykt eller underforstått, relatert til strategier og innhold som er gitt på dette nettstedet, samt de som presenteres i våre produkter og tjenester. 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Grunnlegger av det populære Daytrading University-nettverket av nettsteder, har Ken blitt betrodd av handelsfolk over hele verden siden 1999 En vanlig MoneyShow Traders Expo-høyttaler, og forfatter av artikler i Active Trader og Technical Analysis of Stocks Commodities Magazines, hans trening når titusenvis av handelsfolk. En faktisk handelsmann, Ken bruker en rekke presisjonstakter for å handle sine kontoer og for å lære handelsmenn hvordan man handler Traders verdsetter sin opplæring fordi den er profesjonell, fokusert og viser trinnvise spesifikke strategier. Oppgavens innholdsstrategi Innholdsfortegnelse og emneliste. Velsynsprinsipper for ordreregnespesifikke handelsfolk.9 Riktsprinsipper for bestillingsflowspesifikke Traders. Order Flow Mindset. Success Thinking. Possibility Thinking. Trades som er umulig å miste, eksisterer. Du kan overbevise deg selv om noe. re den store penger eksisterer. Hvordan å forvise Fear. Trading Ineffektivitet Progression. Easy Money vs vanskelig Money. Anduring Vs ikke-vedvarende ineffektiviteter. Vil Ineffektiviteten fortsatt eksisterer. Order Flow Habits. Order Flow Suksess Process. Order Flow Suksess Secrets. You Don T Need Talent. Daily Habits og Regimen. What You Need. Economics Primer - Bestill Flow Perspective. Order Flow Påminnelse Economics. Good Inflation. Bad Inflation. Wage-Price Spiral. Interest Rates. Risk Appetite. Risk Aversion. Safe Haven Values. Japanese Yen. Swiss Franc. Biggest Economic Trading Link Mistakes. Global Money Flow. Who's Got The Money. Fortunes er gjort og tapte. Overflow Mastery Super System. Order Flow Action Model. Order Flow Likviditet Model. Information Outside Of The Charts. Sources av informasjon utenfor diagrammet. Begrepet å forstå. Informasjon Flow. Liquidity Analysis. Sentiment Analysis. Expectations Analysis. Scenario Analysis. Scenario Structures. How å gjøre scenarioanalyse. forskjellige typer markedsdeltakere. Tekniske handelsfolk. Trend og Breakout-forhandlere. Momentum-forhandlere. Globale makro-sentimenthandlere. Stoppjakt. Ittro for å stoppe jakt. Hvorfor stopper folk jakt. Likviditet Vakuum. Hvordan finner du stoppene. Forskjellige typer Stop Hunts. Intraday Position Squaring. Building opp en posisjon. Quick Profit Easy Pickings. Stop Cascades. Sentiment Psykologiske Shifts. Going for Jugular. Option barriere stopper jakt. Different typer stopper Tripped. Stops Hunted. News Trips Stops. Sentiment Global Makro Trips Stops. Different typer Stopp. Fysisk Stopp. Mental Stops. How å bruke stop jakt i din trading. Kommer Hunter. Fading Stops. Examples of Fading Stops. Examples of Stoppjakt. Stoppestopp Jakt Mistakes. Option Barriers. Intro til Alternativ Barriers. Vanilla Options Puts and Calls. Double One Touch. Double Ingen Touch. Digital Option. Who bruker Option Barriers. Why bruker folk mulighet Barrier. Exotic Options FAQ. Option Terminology. Finding Barrierene på diagrammet. Eksempler på Alternativ Hunts. Barriers Hunted eller N ot. Failed Option Hunts. Biggest Option Barrier Mistakes. Market Sentiment. Fundamental Value. Fundamental Value. During illiquid sessions holidays. Interpreting News Articles and Commentary. Order Flow Reminder. Examples of Interpreting News Articles. The Bible Of Forex News Trading. Intro to News Trading. News Trading Foundations. News Spreads. Advantages of News Trading. Why News is So Important. Why News can give crystal clarity. How NOT To News Trade. How to News Trade Properly. Getting The News In A Reasonable Time. My Secret Weapon Revealed. Different Types of News Trades.11 Different Types of News Trades. Market Sensitivity and why it can make or break you. How To Use News Trading. Examples of News Trading. Stop Placement. Profit Targets. Placing Trades Which Are Impossible To Lose. Biggest News Trading Mistakes. Global Macro Trading. Intro to Global Macro. Global Macro Foundations. Global Macro Foundations 2.Examples of Global Macro Trading. History of the Financial Crisis and Opportunities 2007 2008.Global M acro Opportunities. Biggest Global Macro Trading Mistakes. Weekend Inefficiencies. Weekend Inefficiencies Introduction. Sentiment Weekend Changes. Fundamental Value Changes Examples. Biggest Weekend Inefficiencies Mistakes. Order Flow Generators. Order Flow Generators Introduction. British Pound. Swiss Franc. Japanese Yen. Australian Dollar. New Zealand Dollar. Canadian Dollar. Explanations on Order Flow Generators. Euro Explanations. U S Dollar Explanations. British Pound Explanations. Swiss Franc Explanations. Japanese Yen Explanations. Australian Dollar Explanations. New Zealand Dollar Explanations. Canadian Dollar Explanations. Central Bank Intervention. Central Bank Intervention. Types of Intervention. Central Bank Successes. Central Bank Failures. Trade Examples. Trade Examples and Commentary. Additional Knowledge. The Entry Is Only Part of The Battle. After Every New Win That Is Your New Base. Ideal Goal Of A Order Flow Trader. Getting Addicted to Order Flow Trading Success. The Sixth Sense Of Order Flow Trading. O rder Flow and Trading Quotes. Quotes Expectations. Quotes Global Macro. Quotes Information Flow. Quotes Liquidity. Quotes Market Sensitivity. Quotes Market Sentiment. Quotes Money Management. Quotes Order Flow. Quotes Personal Development. Quotes Scenario Analysis. Quotes Trading Psychology. Finding New Inefficiencies. Finding New Inefficiencies Introduction. Liquidity Considerations and scaling potential. Stocks and Fundamental Value News Trades. Conclusion and Parting Words. More Common Mistakes. My Biggest Trading Edges. Parting Words. If you decide to stay past the refund date, you get these bonuses. Bonus Section Money Management, Position Sizing and Psychology. Key Money Management, Position Sizing and Psychology Concepts. Dealing With Losses and Distractions. Best Ways To Manage Risks. Thinking Deeply About Order Flow, Global Macro, and Correlations. Bonus Section Hedge Fund Mindset Mastery. No Shortage of Money. Seismic Differences Between Hedge Fund Managers and Retail Forex Traders Thinking. Leverage Difference. Expectations Difference. Discipline Difference. Stops Difference. Liquidity Difference. Inefficiencies Difference. Pyramiding Difference. Position Sizing Difference. Examples of Big Hedge Fund Trades. Order Flow Mastery Course - Table of Contents and Subject List 3 8 out of 5 based on 53 ratings. The Epic Guide to Price Action Trading MUST READ. Content Index. A long time ago, technical analysis was put in the same bucket as astrology, palm reading and fortune cookies no one actually thought there was any merit to it. Anyone who used it was considered foolish Fast forward to today and you would be considered a fool not to be using it. Technical analysis, like price action trading, now dominates the industry Most traders consider the technicals their trading religion and rely heavily on it to make confident choices. Due to its popularity, traders have made it a self-fulfilling prophecy So much so that even those who trade primarily off of fundamental or economic data, must still fall back to raw price charts if they re going to make sound trading decisions. If you re a passionate, aspiring trader, and truly want to attune your skills to become a master of the charts one way or another, you will find yourself studying basic candle stick charts It is unavoidable. Don t neglect this vital skill for technical analysis or you will be left behind in this cut throat industry. As a make money from home driven retail trader, some of the best strategies at your disposal are derived, and mastered from a good understanding of naked forex charts. In this comprehensive guide, I would like to present a detailed walk-through with a wide coverage of the whole methodology of trading with candle sticks alone. What is Price Action Trading. It is a very hot topic of discussion in the Forex industry Many seek out knowledge to learn this valuable i nsight into understanding the market and for good reason, because it works. To put it simply, it is the analytical study of price movement It is widely considered a compulsory learning step for traders because it is the life blood, soul, and backbone of technical analysis. Most charts used for trading are graphical representations of price movement vs time price on the y axis, and time on the x axis. Think of reading plain charts as the language of the market Once you learn to the read the charts and develop the crucial skill of translating the markets footprint, it will better put you in a position to transform you into a very confident trader. After a trader learns this skill, they will often report that they look at the market from a whole new perspective and they don t know how they were ever able to survive trading without it. As a technical, or even a quantitative analyst, it s your task to look at current price behavior and compare it with past behavior The comparison of what s happe ning now vs the history of price behavior can arm you with the knowledge needed to accurately forecast future price movements this is quantitative analysis 101.This approach works because the same patterns occur repeatedly and tend to produce the same reaction over and over again By learning these patterns we gain the statistical edge we need in this game, especially when combined with basic chart analysis. Your edge as a price action trader boils down to how good you are at finding these reoccurring patterns, and recognizing the conditions they form under. These patterns can provide a day-versus-night difference in helping you forecast future price movement with a high degree of accuracy which gives you the opportunity to position yourself ahead of the moves Think of it like an early bird warning. Traders can enjoy the skill of reading, understanding, and projecting future price movements without relying on black box-esque indicators which draw the attention of so many new traders If you go back to the basics and learn to read the charts your success as a trader will grow. Price action trading is the study of price is the study of historical price movements Traders who learn how to read a naked chart can exploit reoccurring price patterns for a profit All technical strategies can benefit from a good understanding of the chart itself, and it works on all markets. The Psychology of Candlesticks. Did you ever consider becoming a psychologist one day Well, in this business you will need to use psychology effectively in order to succeed. Firstly, you ve got the constant task of psycho-analyzing yourself to quarantine any self-destructive behaviors but that is just the tip of the iceberg. Not many traders realize this, but when you look at a price chart, you re actually peering deep into the psychology of the market itself. Well, a candlestick or bar is a visual representation of the collective thoughts of all market participants A candlestick shows you the mood, emotions, and co nflicts of everybody involved in the market during a given period. This concept may elude a newbie trader who may view the market perhaps as a technical or mathematical puzzle but with increased exposure, traders begin to realize that the financial markets are actually giant psychological battlefields. The humble candlestick reflects everyone s thoughts and expectations of future price movement. Because the market follows a herd mentality , it allows for the same or similar situations to occur over and over again The psychology of the crowd will generally drive price to repeat the same outcome as it has in the past under the repeated circumstances. To illustrate this example, consider this scenario price rallies into a known resistance level, the herd knows this is a likely turning point on the chart and they begin to sell Price action trading is self-fulfilling. The more of the crowd that sells, the more intense the bears become, which will further attract more sellers and so on This kind of market behavior is likely to leave behind a bearish reversal candle, a pattern manifested from the psychology of the herd. By becoming the savvy chart psychologist , you ve learned to recognize this bearish reversal pattern repeating over and over, and know to expect future lower prices to develop as more of the crowd follows the herd , and continues to join in the selling. Traders may say that the news, big banks, hedge funds or governments are responsible for moving the market but if you think about it it s really crowd psychology that is the core driver of price movement You don t want to swim against the tide or you will drown, so your job as a chart reader is to anticipate the crowd s response and flow with it. Understanding herd psychology can put you into the right mind-set needed to overcome the challenges and exploit the opportunities presented on the chart. Psychology is the core driver behind price movement and the candlesticks are the visual reflection of everyone s collecti ve thoughts about future price movement The natural herd mentality of the market participants creates repeated scenarios, leaving behind compelling chart evidence in the price movements, which you can use to forecast where price is likely to move next with a high degree of accuracy. Why All Traders Benefit From the Mastery of Reading Price Charts. The common trader is prone to the shiny new object syndrome They flock to the latest and greatest indicator that promises to do all the thinking for them, or to exploit some unknown secret to the markets. Most newbies innocently get caught up in these indicator campaigns, which are designed mostly by internet marketers looking to get rich quick. The indicators are usually very crude and don t offer consistent results or insight into the markets so that you can make consistent long term returns. This is why most traders become fed up with indicators and eventually make the smart choice to cut out the middle man by taking steps to learning to read n aked price charts and develop real skills that lead to a path of true success. Some traders may use other tools or data to help with their decisions, but raw chart analysis will always be boss. It is important to understand that all technical trading systems and indicators, are generated using delayed data and only serve you second hand and potentially misleading information. Learning to read and understand price action directly from the charts helps you understand the logic of the market in real time and build a true understanding of why you re taking a trade in the first place elevating your confidence as a trader. Many indicators lack solid logical rationale, which is why it s hard for traders to get behind them They re like the mysterious black box , you don t truly understand what s going on inside and just blindly follow the outputs which is why we don t tend to stick with them long term. Most people will also abandon stressful news trading strategies , because they are volatile and u npredictable whereas technical trading is based on identifiable patterns It encourages the mantra, trade what you see, not what you believe. This is a well-received ideology, as it helps remove your personal beliefs about where price might be heading, and helps you focus on what the market is telling you instead The charts don t lie, no matter what trading strategy you use price is always going to be at the core, so you re always going to better off by embracing it. In a forever changing market, a raw chart based trading strategy will make you adapt to the many conditions the market may experience Despite what tools, indicators or data you use to trade the market, price action trading will always be the real king at the end of the day You will always benefit in some way by learning how interpret charts directly, it promotes a trade what you see, not what you think mindset, which works well because at the end of the day price has the ultimate say. Working With Different Market Conditions. O ne of the real skills you need as a trader, is the ability to work with most market conditions. Granted, not all market environments can be traded safely, but at least the chart will communicate that message to you. Markets are generally doing 1 of 3 things Trending, ranging, or consolidating. I am going to usher you in via the keep things simple mantra, providing an insight into how you can trade these conditions pain free, via a no-fuss plain price chart. Trending Markets. Trending markets are considered the prime money making conditions, because they are moving markets, and price movement potential profit. Trends are estimated to only occur 30 of the time so while they are in motion, you ve got to know how to take advantage of them. I continuously keep coming across this question How can I determine the trend. Let me clear this up for you right now Please, remember these key points, burn them into your mind. A trending market is a market that is making higher highs higher lows bullish , or l ower highs and lower lows bearish It s as simple as that, that s how you find a trend. Real trends are established on swing trading time frames 4 hour and above Don t use low time frames to go trend hunting you may find micro intra-day trends, but they often don t align well with the bigger picture providing low potential for return on investment. Sometimes there just isn t a trend at all. Check out my article on trading without indicators to get more of an idea about price action trading with swing points in trending markets For now, let s keep things simple by looking at the diagrams below Finding trends should not be more complicated than this. A bullish trend higher highs and higher lows. A bearish trend lower highs and lower lows. When you see the trending footprint broken for example the market stops making higher lows, or lower highs, then the trend momentum has probably died out, and you can expect some consolidation or ranging markets to follow. The golden rule of trading is to buy l ow and sell high However, during trending conditions, many traders do the opposite, buying high and selling low. Remember this quote Buy the dips, and sell the rallies This is a good way to remember how to position yourself into a trend correctly, and avoid the chance of being taken out by corrections. It s a very common saying meaning you look for selling opportunities when the market is rising in a bearish downtrend, or watch for buying opportunities when a market is falling in a bullish uptrend. Sometimes, it s important to go back to the basics and identify what a trend really is A trend is just a stair-stepping market, not a stack of exotic indicators Remember the core trend rules from this lesson for identifying real trends. The main issue with poor entry for traders is they can t properly identify a trend, and if they do they trade them out of position Keep things simple, a trend is just a succession of higher highs higher lows, or lower highs and lower lows Remember the golden rule for trend positioning, buy the dips, sell the rallies to avoid being wiped out by corrections. Ranging Markets. Ranging are pretty straight forward They are often called a sideways market because their neutral nature makes them appear to drift to the right, horizontally. There are two containment lines that act as the range structure To put it simply, price bounces from range structure high to low, giving us price action traders an opportunity to make some money. A ranging market performs a tennis match pattern, where buyers and sellers just keep knocking price back and forth between the invisible boundaries support resistance levels. This will generally continue until the range structure is broken out of, and trending conditions start to organize It s important to remember that range boundaries are often overshot , giving the illusion a breakout is occurring This can be very deceptive, and it does trap a lot of traders who positioned into the breakout. You can see how these kind of fake ou ts can give off the wrong impression Don t try to trade range breakouts directly, especially if you re new to the charts. The best buying and selling opportunities occur at the range boundaries, in the form of reversal signals Watch for candlestick reversal signals at these points to see if the tennis match is going to continue. Ranging markets are simple market structures, where buyers and sellers throw price back and forth between two structure levels Avoid trading signals mid-range, and also avoid the temptation to trade range breakouts, they do fail a lot Target compelling reversal signals at the range structure levels. Consolidation Patterns. There are periods where the market doesn t have any clear directional movement and congests to create consolidation Some consolidation periods are just too hostile and volatile to trade and should be avoided. Others consolidation periods do form more uniform price structures that can act like an early warning sign that a violent breakout is about to occur These are called price squeeze patterns sometimes referred to as wedges, or triangles by price action traders. The idea is not try trade bounces at the structure edges, but rather wait for a clear breakout outside the structure. The important thing to know with these patterns is that you need to wait for a candle to decisively close outside the pattern before a breakout is confirmed. Generally speaking, when you get a convincing close outside the squeeze structures, a decent move will follow You must be very cautious about being the aggressive trade, looking to trade breakouts as they happen , because these consolidation patterns are notorious for fake outs. As you can see above, the aggressive breakout trader can easily get trapped as the market gives off the illusion that a breakout is occurring Getting caught in a fake out can be embarrassing It may motivate you to negatively evaluate yourself, and kick off all kinds of self-destructive trading responses, like revenge trading. I t s best not to trade these patterns in an aggressive manner, if you do choose to do so just account for the extra risk of a fake out in your risk management plan. When the market consolidates, it has no directional pressure Trading in consolidation is like flying a kite in a lightning storm However, some consolidation periods do form organised structures which you can use to catch breakoutsmon Candlestick Signals. A price action trader is generally also known as a candlestick trader because candlestick charts are the chart of choice for many Traders will use the candlesticks to read the footsteps of price via the candlesticks, and use them to identify reoccurring patterns known to produce a likely outcome. Most technical patterns are in the form of a specific candlestick anatomies When the candlestick closes in a certain way it can signal the trader of a pending move In the section below I am going to give a brief overview of some of the candlestick patterns we use here to forecast price movements. Reversal Candlesticks. The classic pin bar was first noticed by trader Martin Pring It s a reversal pattern that has a characteristic shape of a pin. It s generally referred to as a bar because it was discovered on a bar chart, and the name has just stuck with it over the years Technically, it should be called a pin candle but no one likes change. Long upper or lower wick. Small wick at opposite end. Very narrow ranged body. Body is located at one end of the candle range. The Rejection Candle. This price action signal is my main reversal trade signal, simply because it is the most common, and most lucrative reoccurring pattern. The long upper or lower tail displays rejection from an area on a chart, and the more aggressive bullish or bearish body shows more authority by the bears or bulls. Rejection candles tend to have a much better response and follow through than classic pin bars. They work extremely well with basic technical analysis. Long upper or lower wick to display rejection of higher or lower prices. Little to no wick protruding from candle close price. A strong bearish or bullish body. Bullish body located at top portion of candle range, or bearish body located a bottom portion of candle range. Larger in range than the surrounding candles. The Outside Candle. The outside candle is a self-descriptive pattern, it s a candle that has a range which extends outside the previous candle s range. It does tell an interesting story Generally how these guys form is when a breakout turns into a fake out, followed by a massive reversal. Firstly, the high, or low of the previous candle is broken giving the impression a breakout is occurring. Then the market fakes out , creating a breakout trap reverse scenario The market sling shots in the opposite direction and closes outside the opposite end of the previous candle s range creating a powerful reversal signal. An outside candle is a two candle setup. Must have a higher high and lower low price than previous candle. Close price must be outside previous candle s range. Little to no wick out of the closing price end of the candle body. These are the common reoccurring candlestick patterns that indicate an upcoming reversal Although they may work as individual trade signals, when you combine these price action reversal patterns with basic technical chart analysis you really enhance your chances of success. Breakout Catalysts. Some candlestick patterns we use are not so much signals, but rather an early bird warning , or catalyst for an upcoming breakout. Breakout trading can be very difficult for new traders to learn, due to the fact many breakouts turn into fakeouts, trapping newbies into bad positions. To become good at spotting worthy breakouts you need to be well-versed in market analysis, and also know how to time your breakouts to avoid getting caught in money traps These are topics are too lengthy to cover here, but are fully covered in the price action trading course if you re interested in learning more. In this s egment, I am going to briefly introduce some of the basic catalysts we use in our breakout trading. The Inside Candle. Candle high and low price must be within the previous candle s high and low price range. Chained inside candles can form, they must follow the same rules If a double inside candle forms, the last inside candle must be within the proceeding inside candles high low price range. Generally inside candles that form after an extremely large proceeding candle are discounted Inside candles work better when they are small in range. The inside candle is a very common pattern, in fact it is most probably the most common candlestick pattern that occurs on the charts This is why many traders have trouble trading them, because they don t know how to filter the good from the bad. Inside candle breakout trading is not something I recommend for beginner traders it s something you should pick up as you build screen time If you re going to trade inside candles, stick with the ones that form on higher time frames I am talking 12 hour charts and above. Inside candles form due to a period of indecision, when the market couldn t build any momentum to breakout higher or lower from the previous candle s range Sometimes cascading inside candles can form, where you get a stack of inside candle within inside candle. Think of this as like pressure building in a teapot, there is likely going to be an explosion The longest chain you will probably come across is a stack of 3 inside candles in a row Double and triple inside candle stacks are a much more reliable breakout catalysts than the single inside candle. Inside candles form all the time, but they aren t all good candidates for breakout trades Newbie, and more experienced traders find it hard to trade inside candles because they have trouble filtering the good opportunities from the bad Inside candle breakouts are for the veteran price action trader who has good chart reading skills. Doji Candles. Doji candles have a small body. The cand le body is centered within the candle range. Wicks protruding out both ends of the body. A doji candle can come in a variety of shapes and sizes, but ultimately is a visual representation of an indecision period in the market. They are sometimes also called Spinning top, dragon fly, morning star or evening star. Doji candles are another form of breakout catalyst, but we don t see them form as often Generally the same principles apply to the Doji as they do to the inside candle, big ones are discounted. Trading dojis takes a bit of screen time to develop confidence Generally the best dojis form around major levels in the market, where they can double as a reversal signal. Doji candles are a well-known pattern, but are tricky to filter the good from the bad Doji candles are reflective of a period of indecision and can work as breakout catalyst, or under the right conditions can be a good reversal signal. Different Mediums of Price Action. There is more charting formats out there than just classi c candlestick charts though that is what most people are familiar with There are other mediums for delivering price data can be used by technical analysts to get different perspectives on the market. These other mediums may allow you to see opportunities that normally would have eluded you with your normal candlestick chart. This is an area I am researching heavily at the moment, but the preliminary findings look promising. So, lets looks at the classic candlestick charts and some compare them against some of the other formats available. Candlestick Charts. Most traders believe New York close charts are the only charts you should be looking at But the reality is, New York close charts only provide a reference point to base your analysis on. I am not saying New York close charts are bad, they are excellent and I use them every day But, have you considered using the London open time as a reference point for your cross analysis. Let s compare a New York close chart and a London Open chart. With t he London open charts, we are able to see a strong sell signal that was otherwise not as obvious on the New York Close chart. But this is no reason to discount NYC charts either, as we can see a nice big sell signal there which was not as obvious on the London Open chart. Here is a New York Open chart thrown in for good measure. There isn t anything obvious screaming out here, but this is just to show now with this one pair, we can have 3 different time perspectives which dramatically changes the chart. This is like a panning for gold approach where you look through different time slots and see if anything jumps out at you. You could really shift the charts 23 different ways, as you could generate a chart with every single GMT hour, but I think it s important to keep things simple and stick to the main event times like New York close, London open and the New York open if you really wanted to. This really opens up the door to some unique analysis for price action traders. It is possible to get different variations of candlestick charts by manipulating the open close times of the candles By shifting the time perspective to other key times in the market, like the London open, we can see patterns that are not visible on our standard charts. Renko Charts. Have you ever seen a Renko chart They look absolutely beautiful just one glance at them will make you want to get more involved with them. They are the result of removing time out of the equation Renko candlesticks instead form from price movement exclusively. Here is the same chart I ve been using as an example in Renko format. This is a 50 pip Renko chart, meaning the body of each Renko candle is exactly 50 pips no more no less. Every time the market moves 50 pips, a new candle sometimes called brick will form, regardless of how long the market takes to do so. It could take 5 mins, 5 hours, or 5 days to create a new Renko candle, it s purely a momentum based trigger. Renko charts are great in the way they help eliminate noise, and r eally let you peer into the core movements of the market. During strong trends, Renko charts paint a pretty clear picture. It just paints a really clear picture to what s going on with the market and can make chart analysis very pleasant Things like finding market structure, and locating important support and resistance levels start to become very easy. Obviously, you have the freedom to alter the Renko chart size to whatever you like, you could have 10, 25, 200 pip Renko charts The same principle applies as candlestick charts, if you start going too low then the Renko chart can become too noisy and lose its touch. Renko charts are a candlestick that doesn t care about time, and only reacts to price movement It is a unique form of price action trading that really allows you to look beyond the noise and peer into the market with extra clarity. Heiken Ashi Charts. This is a chart format that is talked about only in smaller circles, but I ve known about them for many years The easiest way for m e to describe a Heiken Ashi chart is this, it s basically what you get when apply averaging math to a candlestick. A new candle is created based off of averaging formulas applied to the previous candle So in laymen s terms, a Heiken Ashi candle is a unique averaged perspective of the previous candle. So what you get is this chained average effect in the candles that helps smooth out the chart noise, eliminating short term vibrations in the market. The Heiken Ashi average math does make the candles look unconventional To understand what these charts are trying to communicate, the trick is to compare the body size to the wick. If the body size is large, and the wick is small this indicates strength in the price movement If the body is bullish, then you ve got strong bullish pressure, and a bearish body indicates strong bearish pressure. If the body is small, and the wick is large this can indicate the opposing side is putting up a fight and momentum is slowing down As a trend comes to an end, you will generally see the bodies get smaller and the wicks get larger. If you see Heiken Ashi candles with wicks protruding out both ends of the body this communicates indecision Here is the same chart example from the candlestick and Renko sections above, put into Heiken Ashi format. The Hieken Ashi candlestick is a unique form of charting invented by the Japanese, which they called a better candlestick The average function creates a very different perspective of the market which helps filter through the trend pressure, directional changes and periods of indecision more clearly. My MT4 Chart Generator. If you are really into price action trading and looking to study, or currently use any of the alternative charts formats that I have listed above, then I would just like to take a moment to introduce my chart generator panel for MT4.The problem with your standard MT4 is that is doesn t allow for these custom chart types There are indicators and other tools out there that allow you to crea te these charts in MT4, but the operation of them can get quite messy and actually be very buggy at times. My chart generator allows you create all the charts discussed above, in as many different ways and on as many different charts as you like all managed from the one panel. You can see with the panel, I have a lot of control with the kinds of charts I can create In this setup I ve created.8h EURCAD New York Close Heiken Ashi chart.8h AUDUSD London Open candlestick chart.8h USDCAD New York Open candlestick chart.50 pip EURJPY Renko Chart.25 pip EURJPY Renko Chart.12h GBPUSD Heiken Ashi London open chart.8H AUDJPY candlestick chart applied to 2 GMT. My chart generator for MT4 will allow you to bend MT4 to your will and give you the freedom to create the charts the way you want them If you would like to learn more about the tool, you can check it out here. Does Price Action Trading Really Work. The burning question with many traders is does it really work Should you devote your time into be coming a master with price action trading. It s important to understand that it is is not a system itself, but a methodology, or way to perform technical analysis on the financial markets. I can say hands down that a system which is built upon pure charts will definitely work if you devote the time and energy into your understanding of the charts. That includes going back through your chart history, and understanding how the markets behaved in the past so you can forecast the future with more confidence. I believe the reason traders fail with these strategies, or any trading system for that matter is due to psychological reasons Even the humble moving average cross over system can turn profits sometimes, but requires a lot of discipline and patience. These two qualities need to be present in any trader to make any system work, they are an essential part of any successful trading venture This kind of naked trading is easy, simple and logical but if you don t have the rock solid mindset to tr ade without emotions, then you will be the cause of your own demise. I hope this guide has been truly inspirational for you, and motivated you to clean your charts up and start trading with naked candles. If the strategies discussed here today interested you it s only the tip of the ice berg If you want to continue further and start trading like this, check out our Price Action Trading Protocol Forex course, or my custom MT4 tools in my private war room for traders. For more information about the war room, and what s inside feel free to check out the war room information page. Don t forget to leave your comment below, your feedback on these tutorials is important to me and gives me the positive motivation to make more like this. Look forward to hearing from you, best of luck on the charts. Did you enjoy this article It would mean a lot to me if you could share it Please also leave your thoughts in the comment section below. Travers Harris April 8, 2016.I have started reading this article but I am a long way from finished I signed up with IQ options as they were the cheapest with a 20 deposit and I am an old man without an income I deposited more a bit later as I lost the 20 dollars and lost the rest of my deposits as well So I opened a free account with IQ and used the information provided by the Forex Guy and won 7 out of 8 times that s an 87 5 strike rate, the best I have done And I think why I lost the one time because I did something wrong. I am going to really study all the information provided as it is brilliant Thanks Dale. enke April 9, 2016.Setups, Price Action Context. If you think this article is going to be about learning a price action setup, you re wrong, but it will be about something more powerful For your future, for your learning process, and for your sanity, keep reading this article if you are not consistently profitable. Of all my articles, the most popular and commented ones are always on some specific setup or system. Because almost all of you have been h unting for the one system that edge which will turn your trading around That edge which will print money into your account day after day, week after week without much effort You ve probably amassed dozens of patterns and systems, yet still aren t making money. If so, don t worry that was me 12 years ago. But I think it points to a problem for those hunting through forums, websites and videos looking for your pot of gold All of your focus and energy has been on finding a system or price action setup that makes money. Sure, everyone wants their own ATM machine who doesn t But what is also going on is you want the market de-mystified You want trading to be simple and easy, i e thinking three simple setups will solve all your trading problems and help you understand the market. Regardless, this underlies two things which will trip you up in trading 1 The fallacy three simple price action setups will consistently make you money if you have good money management.2 Being uncomfortable with uncert ainty. Today s article will be focused on the first point, and the next article will be focused on the latter. Three Simple Setups Really To begin, it is a complete fallacy that if you learn what a pin bar, inside bar and a fakeout system is good money management making money that you understand and can trade price action. How convenient that a market which has brought traders to its knees, crying, jumping out of windows after losing fortunes, that three simple setups and good money management plus a little psychology is all you need to be a profitable trader. If that was the case, why isn t everyone doing it. Why are banks spending thousands of dollars, and months, if not years on end, training their traders, when there is such a conveniently packaged solution available. My programmer was recently at a algo conference with some of the top hedge funds He told me they are spending hundreds of thousands of dollars re-programming their algos every 12-24 months to keep a competitive edge. Why wou ld they do this if they could just learn what a pin bar was, inside bar and fakeout setup is Wouldn t that be easier. Newbie traders want to hear the market can be simplified into three price action setups, that trading with the trend and good money management is all you need It perpetuates a dream which is actually a false reality. This is why I have always talked about learning to read the price action in real time that you cannot rely upon systems alone Yes, a pin bar can be a highly effective method for trading various price action situations But it always has to be taken in Context. Two Scenarios To demonstrate this point, lets take two scenarios.1 A bullish pin bar forms after a long trending move This trending move ended with an exhaustive candle which then proceeded to form a double bottom off a key support level The pin bar closed bullish and formed on the 2nd bottom also creating a 3 pip breakout below the lows Am I going to buy that pin bar if I get a corrective pullback toward s the double bottom. I see that I m going to buy that The pin bar was a very good setup and price action cue for me But remember, pin bars can be both cause and the result of order flow. However, we have the other pin bar scenario.2 Price action has dropped 1000pips in the last two days Then in the middle of the Tokyo session forms a tiny pin bar on the 4hr time frame that closes bearish Am I going to buy that pin bar expecting the price to reverse NO. You have to understand, there is nothing wrong with the pin bar by itself It can be a highly effective signal, or it can lead to losses. What is the difference. It s not money management, or trading with the trend, or your psychology. It s the context with which it forms But to understand these differences, you have to learn to read price action in real time, and what it has done in the past around those levels That is the context you have to learn how to read. Passive vs Active Learning To be sitting there passively, waiting for days on end fo r your three simple price action setups is trading in passive mode and flat out boring And boredom will actually interfere with your learning process. If you can only find one setup a week, you re not looking hard enough because there are plenty. There is no active learning and active learning is what you need In active learning, you are engaging your resources, your current level of knowledge and applying it In passive learning you are not engaging any of your knowledge and seeing how it works in real time, learning from the feedback loop called the markets. If you are sitting on the sidelines for days on end, just waiting for your three simple setups, you re wasting your time You could be learning, trying, studying, and participating in the market which is what facilitates learning. I didn t just learn what an inside bar was and then trade it based on what it should do I spent dozens of hours studying 1000 s of inside bars and pin bars, to see what was different between them all, and how did price action form after each unique one. I have pages of notes about pin bars how each one forms, its size in relation to the prior bar, where it forms in relation to the prior bar, in the trend, near the 20ema, in relation to the surrounding price action, support resistance levels, etc, etc, etc. I don t just trade pin bars like a robot I trade them in context, and that is what gives me an edge, to be able to read the price action in real time, and what the market has done around current levels. A Student One of my students wrote just yesterday on this subject. I am at that point where I know I want to be a full time trader I absolutely believe that the strategies, models and methods we are taught in this course can lead to profitability, because I m using them everyday and they lead to good profitable trades. However, I have moved away from just seeing a pin bar or some other signal and just pulling the trigger, because I have moved toward understanding price action the way Chris tal ks about in his lessons, like he has done on breakouts, the aussie price action, the USDX, etc. I believe that as traders we can trade these strategies and make some money, but we will not evolve as traders if we don t begin to read and understand the price action that is occurring around these different setups. When I read this, I was nothing but smiles as the light went on This student gets it, and gets what I have been teaching He understands that pin bars inside bars and all the other methods have a purpose but they are not the road and vehicle towards profitable trading. Although they are highly informative about what the order flow is behind the price action, he understands they are both cause and result This means he understands sometimes they are the cause of order flow, and other times, they are the result of order flow They are not simply just one or the other. It also means he is spending his time learning to read the price action in real time, to understand what kinds of order flow would create such price action He is not passively waiting for setups, and then pulling the trigger like an automaton He understands that these setups have to be taken in context. In Summary Don t waste your days on end in waiting mode for your simple three setups to occur Understand three simple setups will not lead you to profitable trading, nor understanding price action If it did, everyone would be doing it and that is all they would be teaching at banks and hedge funds. Understand trading price action means learning to read price action in real time It means being an active and deliberate learner. Understand that price action setups are highly valuable tools but they have to be taken in context You have to learn to read what kind of order flow would create such price action, and how to trade this flow. I hope this helps and that it changes the way you look at price action and your learning process. Please make sure to leave your comment, like and share this post. Kind Regards, Chri s. Hi Chris, I will like to have more information on your price action course, please contact me Thank you for these bunch of articles they are all really helpfull. Reading PA is essential even if you have a setup Not every setup that presents itself is an automatic entry into the markets I am a student in the advanced price action course Chris has mentioned this concept in previous articles, you need a METHOD this will help you understand the context of the market, you need a MENTOR a mentor is someone who knows what you want to lean, and is achieving the success you desire, you need MASTERY this takes time This is not learn a setup in 2 weeks and bang your making money Mastery is a process that comes one way and only one way time, lots of time, lots of practice, lots of study but when you master the process your trading account will consistently grow and reflect your you are stuck in your trading journey, I recommend you read every article Chris has published, watch the videos, read th e forums where his students give feedback about the courses he offers and make a decision to invest in yourself and your trading knowledge. Guilty that s exactly what I was missing I spent hours, for years perfecting the ideal system without seeing the global price action, took few pips, a slap, more pips, more slaps then moved to perfecting another system and so on My friends call me the machine as I wanted a system to avoid any emotions, just Entry, Target, SL I m lucky that even after years I never wiped out my portfolio entirely thanks to adapted money management I don t know how long I could have done this, thinking I was going to be a pro trader with a so short view of the price s life I m ready Chris, thanks for opening my brain. Its understandable there is this fairytale going on there that all you need is the trend, key levels, and these three patterns to trade successfully That must be why banks pay thousands to train their traders, over years. Joking aside, most don t know how to read or see the price action context in real time and this is only exacerbated by focusing too much energy on the 1-2 bar patterns themselves. But glad you are understanding this now. Kind Regards, Chris. HELLO SIR, IT IS GOOD OR BAD TO PLACE AN ORDER DURING EUROPE, LONDON, US MARKET OPENING AND CLOSETING TIME DURING THAT TIME ANY FLUCTUATION CHANCE IS THERE TO HAVE OR TO CAN YOU EXPLAIN ABOUT IT. Copyright 2007 - 2017 2ndSkiesForex All rights reserved Terms of Service Privacy Policy. NO FINANCIAL ADVICE - The Information on and any correspondence from or contractors and or employees of the site is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. 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