Posts Tagged ‘price action’

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Technical Analysis (Raw Price Action) Using Bitcoin Chart

In this video, you will learn technical analysis using price action observed in the bitcoin daily chart. You will realize the underlying mechanism of supply and demand that controls the market. For example, look at this bitcoin chart. You have the higher low marked as point 2 and higher high marked with point 3. Now, there are three important things connected with low 2. The first candlestick at low […]

Price Action Trading: Two Paradoxes and One Big Irony

In this video, you will learn about trading strategies that are based on price action trading. Beginner traders try to build up strategies using technical indicators and come to a conclusion that it is not enough. Using technical indicators is not the solution to the problem, but you end up attempting to solve the problem in a linear way. But unfortunately, the market is operating in a non-linear way, which means […]

Advanced Price Action: Predict Price Reversals with Pitchforks!

In this video, you will learn about reading price action to predict reversals. You may wonder why price reverses at a certain point and beyond human comprehension. The idea behind just prediction for a reversal is to obtain high probability trade entries. You can approach using different ways to predict  price reversals. For example, look at this chart. The highs and lows are marked using numbers from 1 to 5. […]

The Limits of Price Action Trading

In this video, you will learn about the limits of price action trading. If you think of price action, then you will think about candlesticks, pinbars, support and resistance, trendlines etc. However, you need a market logic to back your price action. Market logic is based on praxeology, which is about analyzing human behavior in the context of psychology. So, who is the driving factor behind markets? […]

Forex Trading — Price Action: Candlesticks with RSI

In this video, you will learn about how to combine the RSI indicator with candlestick reversal patterns to enter short positions in the forex market. As you can see, this is the 4-hour AUD/USD chart. There are higher highs and higher lows. So, this is an uptrend. You need to add the RSI indicator in your MetaTrader platform. Now, you need to add vertical lines to your chart, to identify the highs. […]

Price Action Trading Techniques in Forex Market

You are watching a trading strategy that was published in 2013. This strategy is publicly available. We look to buy when EMA direction is up, RSI is above 50, and MACD is above zero line. We look to sell when EMA direction is down, RSI is below 50, and MACD is below the zero line. We look for these three indicators to point up […]

Price Action and Technical Analysis Terms for Forex Beginners

In this video, we will learn about what price action and technical analysis are all about. So, technical analysis is what we use to make sense of our charts. Looking at this chart, of the first glance it looks very messy, very hard to understand. But in trading, we have to make sure that we can understand such a market so that we can potentially make […]

Understanding Price Movement — Forex Trading

Being able to gauge the strength of the support and resistance levels is the basic for predicting price movements. The stronger the SR level is, the more likely it is that the price will halt to reverse that level. If price makes a sustained break beyond that SR level, it is a signal that the trend is strong and the price will probably continue to the next SR level. To gauge the strength of a given SR level […]

Price Action Forex Trading Strategy — Support and Resistance Levels

In this video, we will talk about Support and Resistance levels in price action context. Identifying and judging support and resistance levels is the number one factor in profitable trading. Traders that correctly identify support and resistance and incorporate into a strategy can create a much reliable and profitable edge. Let’s walk through the various methods of identifying the support and resistance levels. Horizontal Price Levels or Zones: This strategy involves using […]

Liquidity, Price Action and Trading

We are using liquidity to determine what kind of instruments we trade. So liquidity refers to the amount of contracts that are traded or the amount of buy and sell orders that are traded for that particular instrument. If an instrument has a high amount of contract that are traded it refers to high liquidity, but it also has implications for the price action. What does that generally means is that […]