How to understand trend and price action in forex ???

Discussion in 'General Forex Discussion' started by danielelton, Aug 3, 2016.

  1. radex78

    radex78 Active Trader

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    Maybe on youtube so many video shared for tutorial forex, and will good indeed learn from trader that already having better understanding with forex market activities and to determine trend market as trader also still need risk management control due not always perfect in analysis
     
  2. Umair Ali

    Umair Ali Newbie

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    There are many resources on Earnforex you can check those
     
  3. Umair Ali

    Umair Ali Newbie

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    Well said .One should always trade with the majority order flow because it is where high probabilities of winning are.
     
  4. radex78

    radex78 Active Trader

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    Maybe like as many trader said if trend as our friend, if any trader having good understand to ride the trend hence they can like as dancing with the market, but this is not easy because also need strong psychology trading to determine trend flow
     
  5. f4forex

    f4forex Active Trader

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    Agreed and indeed earnforex is a good resource to learn for every trader.
     
  6. radex78

    radex78 Active Trader

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    Yes forum forex like as earnforex is good source to learning and we can learn from reading, but about skill trading also will depending with each trader skill to absorb knowledge, although already reading many times but if can't understand hence it sign brain is not smart
     
  7. DarkMindFX

    DarkMindFX Trader

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    Hi danielelton
    I could probably give couple of good example on what the price action is.
    1. Break out. The classical example (which I'm actually trading from time to time :) ) is the London open breakout on some pairs. If you open the EURUSD chart and mark time for Asian, European and US sessions you'll notice that usually (not always but usually) during the Asian session the pair bounces in the narrow range - maybe 100 - 300 pips. But once the trading in London starts we can see the big moves. So you can trade this price actions - moves at some specific point in time. The timing increases the probability. And you can, for example, do something like this: if price moves out of the range for X pips (for example it can be predefined value - i.e. 100 pips - or some fraction of the Asian range - for example 30%) you open a position.
    2. Big price moves supported by volume. Try to open EURUSD chart again (time frame is H1) and check the bars which are 2-3 times higher than avrage bar in previos periods (for example, current bar's range - difference close - open - is 2 time bigger than average bar among 10 last ones). Then check the volume (in case of Forex it will be tick volume). If this volume is also higher that average (for example looking back for 40-50 bars) that we definitely have a price action and there is a good probability that the price will continue moving in the direction of this bar.

    The main thing to remember: there is no absolute values which will be working for the rest of your life - i.e. if last two years you've traded breakouts when price moved 150 pips out of range doesn't mean this will last forever - the market can change and next couple of years you'll see only the losses. So you need to adopt from time to time (maybe once in a 6-9 months).
     
  8. nikita sharma

    nikita sharma Trader

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    price action is to be recommended among various trends.we have to look for the current market scenario first of all and then we will be in a position to assess the signals that we are having with us.
     
  9. myfxpt

    myfxpt Master Trader

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    You've hit the nail on the head! When you understand price action everything else begins to make sense...a trend line, SR level, price pattern.
     
  10. AUDUSDman

    AUDUSDman Trader

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    90 percent of companies selling "buy singals " have people on watch 24 7 watching a freee site called
    investing.com
    which gives free signals, 90 percent have direct live feed from this site because this site is connected to forbes so they can't suddenly stop posting there buy signals .

    and the site is part of group of international bankers and investers so the cant charge for ther signals.

    these sites that offer buy signals are hacking feeds from investing.com trying to sell people buy and sell signals from the largest corporation of invester network which is investing.com
     
    Last edited by a moderator: Nov 8, 2016
  11. Martin Gaptil

    Martin Gaptil Trader

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    When market breaks a key point and retest and again goes with the same direction, then follow that trend! Yes, support and resistant levels are very important in that case! In addition, when market accumulates in a level and breaks massively, then I also count this trend! And naturally I always try to trade here according to the market flow rate I mean current trend status!
     
  12. ashouq

    ashouq Active Trader

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    The new traders should try reading the support and resistance which is the best way to learn the trends and price action in forex trading.
     
  13. Ary Barroso

    Ary Barroso Active Trader

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    In this case trend line and support/resistant levels help me a lot! As a Price Action trader identifying the market trend is my main concern! In addition, I am interested in only trendy market; I never use the opportunity of reversal market!
     
  14. Michelle Yeoh

    Michelle Yeoh Trader

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    Hello, Ary! Can you share please your tactics on drawing support & resistant level? I trade based on only fundamental but now I am very much interested to learn S/R trading! Thanks in advance!
     
  15. ashouq

    ashouq Active Trader

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    Learning in my opinion never ends however it is a very good idea to know about S/R and learning the trends before you jumps into trading. Why not googling a little about these terms or finding some webinars on the same topic and i guess you will find a lot of stuff similar to these..!
     
  16. Ary Barroso

    Ary Barroso Active Trader

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    After trading chart; support resistant tool is my main weapon; I can understand the value of any trading level based on the structure of support/resistant.
     
  17. Helloyees

    Helloyees Trader

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    Only thing you really need to remember is probably to buy low and sell high, it have it nuances cause people from whom you will buy also have their goals to sell highest possible price. Is that what you mean by price action or what ? Do let me know.
     
  18. Adam Jackson

    Adam Jackson Trader

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    Before a trader can expect to make his investment decisions he must go through a proper understanding of the market in the all systematic manner. Choice of trading strategies should be done in correct manner. What does that mean by correct manner? A trader when choosing his trading strategies must give proper attention on his trading abilities to find out that he is actually capable of taking complete benefits of those strategies.
     

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