Forex Ewigkeit Überprüfung

Penny Millionaire Review Diese Penny Millionaire Bewertung ist nichts als unser Feedback über diese neu entdeckte Geldverdienen Gelegenheit namens Penny Millionaire. Es hat unsere Aufmerksamkeit aufgrund der Tatsache, dass es ein einzigartiges Konzept, um Einnahmen für seine Nutzer zu generieren. Das erste, was wir wissen, ist, dass Penny Millionaire nur 100 Bewerber auf einer täglichen Basis akzeptiert. Wenn Sie akzeptiert werden, dann ist es fast eine Garantie, dass Sie eine Million Dollar in 30 Tagen machen werden. Warum Penny Millionaire ist SCAM Free Software Wie funktioniert Penny Millionaire Software Das Penny Millionaire System basiert auf der Implementierung eines komplexen Algorithmus, der analysiert, interpretiert und entschlüsselt Preisschwankungen und generieren hohe Wahrscheinlichkeit Umkehrsignale, die ganz ähnlich wie die manuelle Umsetzung von Price Action funktionieren Handelsstrategie. Im Wesentlichen implementiert der Penny Millionaire einen spezialisierten Algorithmus, der sich auf die Komplexität der Price Action Trading Strategy konzentriert und die Korrelationsanalyse einsetzt, um es Investoren zu ermöglichen, ihre Investitionen zu maximieren und informierte Investitionen zu machen. Um diese Software zu benutzen, finden Sie es sehr einfach zu verstehen und zu verwenden. Sie brauchen keine Vorkenntnisse oder Fähigkeiten, um Zugang zu dieser Software zu erhalten. Diese Software ist die vertrauenswürdige, im Gegensatz zu anderen scam Software, die behauptet, gefälschte Versprechen und Ansprüche zu verdienen riesige Gewinne in kürzester Zeit zu machen. Penny Millionaire ist die Scam-freie Software, die sie innerhalb von 30 Tagen mit einem Autopilot-System Echtzeitgewinne erzielen. Wir schlagen vor, dass Sie versuchen, diese Software zu benutzen, die Sie es lieben werden, immer noch Zweifel Keine Sorgen hier sind einige Beweise, die beweisen, dass es legit Software ist. Der Vorteil, der erwähnenswert ist, ist, dass die Nutzer Zugang zu einem Service haben, der anfänglich einer Gruppe von Elite-Investoren angeboten wurde. Wenn du dein Geld jeden Tag zusammenbringst, ist etwas, was du niemals in Binär-Optionen investieren wirst. Aber das ist das erste Mal, dass du handelst und dein Geld verdrängt, ohne Gebühren, um dich zu stören. Das ist das Beste, was jemals in der Branche passiert ist. Penny Millionaire Review Fazit Penny Millionaire ist für alle Menschen, die auf der Suche nach dem vertrauenswürdigen Trading Roboter sind, zu empfehlen. Also, ohne deine Zeit und Energie zu verschwenden, die hier und da für den besten und getesteten Roboter suchen, schau dir dieses bemerkenswerte System an und werde eines der Mitglieder von Penny Millionaire mit Leichtigkeit und ganz kostenlos. Gemini 2 Software ist Gemini2 APP SCAM oder LEGIT Trading APP Zwillinge 2 Software-Review Von Brandon Lewis CEO von Gemini Holdings ist Gemini2 APP Scam oder Legit Trading Software Was ist Gemini 2 Trading APP Alles über Entdecken Sie mehr Informationen in meinem neuen ehrlichen Zwillinge 2 Bewertungen, um bis zu 3K Zwillinge 2 APP Bonus Die Zwillinge 2 APP Ist eine neue aufregende Binär Optionen Trading Signal APP, Gemini APP Trading Software wird Ihnen helfen, Bank über 9.877.38 pro Stunde auf Autopilot. Zwillinge 2 Trading APP akzeptiert mehr Beta-Tester, die 100 kostenlosen Zugriff auf Gemini2.co Mitgliederbereich Website erhalten. Wenn du der neue Millionär im Jahr 2017 werden willst, klick in die Zwillinge2.co Website unterhalb von8230 Jeder in dieser wunderschönen Welt träumt von Earning Easy Money online in ihrem Leben ohne viel Arbeit zu machen. Genau wie du, ich suche nach Real Gemini2 Bewertungen, die mein Leben glücklicher machen können als zuvor. Denn wir akzeptieren, dass Sie brauchen Zwillinge 2 Trading Software Um zusätzliches Geld zu verdienen und Ihre finanziellen Träume zu erreichen. Vor kurzem hat Brandon Lewis, der zufällig ein erfolgreicher Online-Trader Expert veröffentlicht die Gemini 2 Binary Options Trading System. Zwillinge 2 APP Für Trading ist nicht eine schnell reiche Trading-Software. Ehrlich gesagt, solche Dinge doesn8217t existiert8230What Gemini 2 Trading APP ist, dass es kostenlose Binär-Trading-Signale an Sie, die gut recherchiert von Experten im Optionshandel und mit denen Brandon Lewis und ihre Gemini 2 Software-Mitglieder haben mehrere Millionen Dollar online. Um die Gemini 2 APP richtig zu verstehen, musst du meine ehrlichen Gemini 2 Bewertungen lesen, indem du unten klickst: Produktbeschreibung Von Gemini 2 Trading Software APP: Produktname. Zwillinge 2 Nische: Binäre Optionen Zwillinge 2 CEO. Brandon Lewis offizielle Gemini 2 Website. Gemini2.co Geld-zurück Versprechen. Ja (60 Tage) Liefermenge. Schnelle Lieferung Gemini2 Bonus Angebot. Affirmative (1000) Download Gemini2 APP: Freie Zwillinge 2 Ergebnisse Gemini 2 APP ist eine binäre Option Trading-Software, die dazu beitragen, Newbie-Händler in binäre Optionen Handel mit weniger Risiko als traditionelle Investitionsmöglichkeiten beteiligt zu helfen. Gemini 2 Software wurde von Brandon Lewis erstellt, der PRO binary Options Trader hinter der Gemini 2 Software ist. Erfahren Sie alles über Gemini 2 Software von Brandon Lewis. Was ist Gemini 2 APP Gemini 2 APP ist eine großartige Entwicklung von einem berühmten, gut etablierten und erfahrenen binären Optionen Trader mit einem Standpunkt, damit neue Händler verschiedene Aufgaben mit Leichtigkeit und Bequemlichkeit zu erfüllen. Zwillinge 2 Trading APP Software ist grundsätzlich eine Binär-Option Trading-Software, die entworfen, um Händler helfen zu gewinnen und vorauszusagen, die Binäre Optionen Trend ihrer jeweiligen Optionen. Zwillinge 2 APP arbeitet als Code, um finanziellen Erfolg zu bekommen, zeigt Trader, wie sie Geld online verdienen können, hilft ihnen, verschiedene Wege zu entdecken, um riesige Renditen auf ihre Investition zu bekommen. Die Gemini 2 Trading Software bietet auch Analysen der Marktbedingungen, so dass Händler wissen können, was ihr nächster Schritt sein sollte. Gemini 2 System gibt verschiedene geheime Handelsstrategien, die letztlich dazu beitragen, binäre Händler, um Tausende von Dollar nur für ein paar Dollar zu machen. Zwillinge 2 Bewertungen Ich habe eine riesige Forschung über Zwillinge 2 binäre Optionen Trading System getan, glaube mir, ich muss nur alle Informationen zu überprüfen, bevor ich jede Art von Handelsgeschäft zu starten. Was ich herausgefunden habe, ist, dass Gemini 2 Software ist unglaublich, binäre Optionen Trading-Tool, das eine wirklich hohe Leistung hat. Als ich darüber nachdachte, dass ich gewinnt, ohne es zu viel Zeit zu nehmen, wusste ich nur, dass ich Gemini2.co ausprobieren musste, besonders wenn es jetzt kostenlos ist. Während es fast unmöglich ist, für jedes binäre Optionen-System eine 100 Erfolgsquote zu liefern, aber Gemini 2 erweist sich als das einfallsreichste unter allen anderen Systemen direkt neben diesem. Die umfangreichen Wetten Tests, die getan wurde, bevor es tatsächlich öffentlich gemacht wurde, hat sich endlich bezahlt und hat es als die oberste Binär-Optionen Trading-Software steigen. Zwillinge 2 Software ist sehr empfehlenswert Trading-App für Investoren wie mit 97 Genauigkeit erhalten sie in der Nähe von 185 ihrer Kosten täglich zu bringen. Die Verfügbarkeit eines engagierten Gemini 2 APP Support Teams spielt auch eine wichtige Rolle bei der Unterstützung der Gemini 2 APP Mitglieder im Falle einer Dubiety. Alle Pluspunkte kombiniert in einem sendet eine ziemlich positive Nachricht an alle in der Notwendigkeit einer perfekten binären Optionen Trading-Software. Ist Gemini 2 APP ein Scam Eigentlich ist es unmöglich für Gemini 2 Trading APP zu einem Betrug. Du bist buchstäblich unterschreiben, um einen Profi zu sehen. Sie sehen ihn sofort, in Echtzeit, jeden Tag machen rentable Trades, gewinnen und verlieren (und gewinnen viel mehr als zu verlieren). Die Gemini 2 Trading Ergebnisse sprechen für sich. Hes auch hilfreich und unterrichtet Sie auf dem Weg. Im so beeindruckt von Gemini 2 Trading System, weil es ohne Zweifel ist es real. Sie brauchen es nicht zu hype oder machen unverschämte Ansprüche. Ist Gemini 2 Eigentlich arbeiten Viele Gemini 2 APP Trader wird sagen, dass binäre Handel ist ein riskantes Geschäft und neigen dazu, weg von ihm zu bleiben. Aber aus meiner Erfahrung bedeutet hohe Volatilität HIGH RETURN OF INVESTMENT. Aber das ist, wo Gemini 2 APP ins Spiel kommt, der mathematische Algorithmus, der von Gemini 2 Software verwendet wird, nimmt die Vermutung auf, einen preisgekrönten Profi zu wählen. Du musst kein Experte sein. Wie ich schon früher gesagt habe, habe ich persönlich die Zwillinge 2 getestet und die Erfolgsquote ist etwa 97. Ich weiß nicht über dich, aber eine 97 Chance, einen gewinnbringenden Handel zu machen, ist sehr gut, aber ich komme niemals so etwas wie diese Trading-Software vor. Lesen Sie weiter, unten sind meine Zwillinge 2 Ergebnisse für die vergangene Woche oder so Die Vorteile von Gemini 2: Über die Schulter eines Profils jeden Tag und Sie können lernen, wie Sie handeln. Durchschnittlich 97 Gewinnende Wochen mit Zwillinge 2, was bedeutet, dass mehr potenzielle Gewinne für Sie Gemini 2 Software sind vollständig transparent Keine vorherige Erfahrung mit binären Optionen Handel benötigt Gemini ist webbasiert, keine Notwendigkeit für Downloads, funktioniert auch auf Handys, Tabletten Sie können sogar sehen Gemini 2 Signale von Ihrem Telefon (iPhone Benutzer Photon Browser) Kein PC Downloads Erforderlich Mehrere Handelssignale jeden Tag mit Gemini 2 Broker Sie erhalten durchschnittlich 37 bis 318 binäre Handelssignale täglich, was gut genug für Sie ist, um schnelle Gewinne für Ihren Tag zu verdienen. Kann in wenigen Tagen 250 in 19.927 wechseln Die Negative von Zwillinge 2 APP: 100 narrensicherer Erfolg kann nicht garantiert werden, aber über 97 von Menschen haben Erfolg mit Gemini 2 Software Must have Internet-Zugang Muss etwa eine Stunde pro Tag haben (nein etwas für nichts hier ) Zwillinge 2 Bottom Line: Wenn Sie bereit sind, Geld zu verdienen online mit Gemini Trading. Es gab nie eine bessere Gelegenheit als jetzt. Wenn Sie das Surfen im Internet für unzählige Stunden auf der Suche nach den nächsten Trading Method Secrets, nie in der Lage, konzentriert zu werden, überladen mit widersprüchlichen Informationen, und nicht Geld online, sollten Sie wahrscheinlich verlassen diese Seite jetzt und erhalten Sie zurück zu diesem Zwillinge 2 Systemstrategie Zwillinge 2 Scam Gemini 2 APP ist sehr empfehlenswert Wenn Sie herunterladen Gemini 2 Trading APP und starten Sie die Umsetzung, was lehrt Sie Ich habe keine Zweifel, dass youll Geld verdienen. Zwillinge 2 Trading APP arbeitet und ist kein Betrug. Zwillinge 2 APP ist was für mich arbeitet Insgesamt ist es seinen Preis wert. Zwillinge 2 APP wird dringend empfohlen Sie werden es nicht bereuenPreis Action Trading Course Wenn Sie über Preis Action Trading lernen möchten. Dann wird diese Forex Preis Aktion Trading Kurs wird Ihnen wirklich helfen. Es gibt viele praktische Trading-Tipps und Beispiele, wie man mit Preispreis in diesem Kurs handeln kann und am Ende davon, werden Sie wirklich ein solides Verständnis haben und hoffentlich ein besserer Preis-Action-Trader werden. Ich muss Sie davor warnen, dass dieser Preis Aktion Trading Kurs ist ziemlich lang und Sie viele brauchen eine Tasse Kaffee8230but seine nicht langweilig. That8217s meine Garantie Wenn Sie denken, dass es langweilig ist und lassen Sie mich wissen, und ich werde einen Komiker einstellen, um es zu bearbeiten :-). Um Ihnen eine Vorstellung von den Themen zu geben, die dieser Kurs für die Aktionshandelskurse umfasst, scrollen Sie einfach auf das oben gezeigte Inhaltsverzeichnis. Wenn Sie irgendwelche Themen oder Kapitel auf diesem Inhaltsverzeichnis unten sehen, das Sie interessiert, ist alles, was Sie tun müssen, klicken Sie auf diesen Link und Sie werden sofort in die Chaptertopic genommen, ohne zu scrollen oder lesen Sie alles in diesem Kurs. Nach dem Durchlaufen der Preis-Aktion Trading-Kurs, müssen Sie dies: Table of Contents Halten Sie Ihre 500 für Ihre Missus zu verbringen 8216 Cuz8217 Dieser Preis Action Trading Course ist KOSTENLOS Ernsthaft Damen und Herren, meine Händler Freunde und treue forextradingstrategies4u Fans. Es gibt Forex-Websites Verkaufspreis Aktion Trading Kurse und erraten, was Sie können aus der Tasche von 100-500 oder mehr. Nur eine schnelle Google-Suche nach Preis-Action-Trading-Kurse, hier8217s was du sehen wirst (ich habe gerade die ersten 3 ich sah): 1: Nial Fuller8217s Preis Action Trading Course auf Learntotraderthemarket verkauft für 249 im Moment. 3: Und hier8217s Al Brooks Preis Aktion Trading Kurs auf brookstradingcourse Verkauf für 249: So haben Sie zwei Möglichkeiten: Sie können diese Forex Preis Aktion Handel Kurse kaufen (there8217s nichts falsch mit dem Kauf sie, wenn that8217s was Sie wollen, gehen Sie voran, sie sind Eine gute Handelsressourcen für Sie zu bekommen, wenn Sie das Geld haben). Oder wenn du schlau bist (muss ich dich daran erinnern) kannst du diesen Preis Aktionskurs lesen, den ich hier kostenlos bekam und meine einzige Anfrage als Mittel der Wertschätzung ist, dass du magst, teile, tweig und sogar erwähne Preis-Kurs-Kurs, wenn Sie eine Chance haben, dies zu tun. Das alles frage ich. Die Frage muss gefragt werden: Ist mein Preis Aktion Trading Kurs decken alles, was Sie wissen müssen über die Preis Aktion Handel Für mich für Ihre Frage zu beantworten, muss ich Ihnen eine Frage stellen, bevor ich Ihre Frage beantworten kann 8230 Do Sie müssen alles wissen, wie ein Auto arbeitet, wie der Motor arbeitet, was macht die Räder drehen, wie es Gang ändert, wie die Bremsen funktionieren etc. etc. etc. Bevor du es fährst oder musst du nur wissen, wie du deinen Bum in den Autositz steckst und fährst, also ist dieser Preis Action Trading Kurs so, es sagt dir einfach, was du wissen musst und einfach nur einen Blick auf den Tisch von Inhalt unten zu sehen, die Palette von Themen, die diese Preis Aktion Trading Kurs umfasst. Wie Sie sehen können, ist es eine ziemlich umfassende und detaillierte Preis Aktion Trading-Kurs, der Ihnen alles, was Sie wissen müssen über Preis Aktion Handel. Jetzt gehen sie zu Kapitel 1 des Preis-Aktions-Trading-Kurses8230 Preis-Action-Trading-Kurs KAPITEL 1: EINFÜHRUNG ZUM PREIS AKTION Um wirklich zu verstehen, Preis-Handlung bedeutet, dass Sie studieren müssen, was in der Vergangenheit passiert ist. Dann beobachte, was in der Gegenwart geschieht und dann vorherzusagen, wo der Markt als nächstes gehen wird. Unabhängig davon, was Sie vielleicht denken, sind alle Händler Prognostiker, genau wie der Wettermann. Der Wettermann weiß, wo der Wind weht, sieht die Hoch - und Niederdrucksysteme über dem Land, kennt die Temperaturvariation, kalte Front, heiße Front, du weißt, was ich rede, richtig Dann was macht er Er wird so etwas wie morgen sagen , Das wetter in edinburg wird meist bewölkt, leise dusche und eventuell sonnig am nachmittag. Wie weiß er das gut aus dem Studium der vergangenen Daten und sehen, was die aktuelle Wetterlage im Moment ist (und in diesen Tagen ist ihre Vorhersage zuverlässiger durch fortgeschrittene Computermodelle und Wettersatelliten im Weltraum). So sind Händler so, wenn wir die Richtung falsch bekommen, verlieren wir Geld, wir bekommen es richtig, wir verdienen Geld. So einfach ist das. Also alles, was du hier lesen willst, ist über das Versuchen, diese Richtung zu bekommen, bevor du einen Handel platzierst. Bevor du anfängst, das sind einige Worte, die du begegnen kannst: Bullishif der Markt ist oben, es wird gesagt, bullish (Aufwärtstrend) zu sein. Bearishif der Markt ist unten, seine sagte, bärisch zu sein. Bearish Candlesticka Kerzenständer, der höher geöffnet und geschlossen niedriger ist, soll bärisch sein. Bullish Candlesticka Leuchter, der niedriger geöffnet und höher geschlossen hat, soll ein bullischer Leuchter sein. Risiko. Belohnung Ratioif Sie riskieren 50 in einem Handel, um 150 dann Ihr Risiko zu machen: Belohnung ist 1: 3, was einfach bedeutet, dass du 3 Mal mehr gemacht hast als deine riskierten. Dies ist ein Beispiel für das Risiko: Reward Ratio. Nun, das nächste Kapitel der Preisaktion Trading Kurs, werden Sie lernen, was Preis Aktion ist und vieles mehr. Price Action Trading Course KAPITEL 2: WAS IST PREIS AKTIONSHANDEL Dies ist die grundlegende Definition des Preishandelshandels: Wenn Händler Handelsentscheidungen treffen, die auf wiederholten Preismustern basieren, die sich einmal gebildet haben, geben sie dem Händler an, in welcher Richtung sich der Markt am wahrscheinlichsten bewegt . Preis-Aktion Handel verwendet Werkzeuge wie Charts Muster, Leuchter Muster, Trendlinien, Preis-Bands, Markt-Swing-Struktur wie Aufschwünge und Abschwünge, Unterstützung und Widerstand Ebenen, Konsolidierungen, Fibonacci Retracement Ebenen, Pivots etc. Im Allgemeinen Preis-Handeln Händler neigen dazu, die grundlegende Analyse zu ignorieren - der zugrunde liegende Faktor, der die Märkte bewegt. Warum, weil sie glauben, dass alles bereits im Marktpreis diskontiert ist. Aber theres eine Sache, die ich glaube, dass Sie nicht ignorieren sollten: große ökonomische Nachrichtenmitteilungen wie die Zinssatzentscheidungen, nicht-landwirtschaftliche Abrechnung, FOMC etc. (Wenn Sie an der Handelswährung Nachrichten interessiert sind, überprüfen Sie diese Nachrichtenhandelsstrategien: Zinssatznachrichten forex Trading-Strategie Non Farm Payroll Forex Trading-Strategie amp die 1 Minute Forex News Trading-Strategie) Aus meiner eigenen Erfahrung und von dem, was ich gesehen habe, sage ich dies die Veröffentlichung von Wirtschaftsnachrichten kann sowohl ein Freund und ein Feind für Ihre Trades sein. Heres, was ich damit meine: Wenn Sie einen Handel im Einklang mit dem Ergebnis der ökonomischen Pressemitteilung getroffen haben, stehen Sie in sehr kurzer Zeit sehr viel Geld, weil die Veröffentlichung der Nachrichten oft sehr schnell den Preis bewegt Entweder aufwärts oder abwärts wegen erhöhter Volatilität. Aber wenn Ihr Handel gegen die Nachrichten war, können Sie weggehen mit all Ihren Gewinnen ausgelöscht oder ein Verlust und der Verlust kann riesig sein, weil die Märkte können sich so schnell bewegen in diesem Zeitraum, dass theres auch die Chance, dass Ihr Stop-Loss nicht ausgelöst werden kann. Die Grafik unten zeigt und Beispiel für das, was passieren kann, wenn es große Forex grundlegende Pressemitteilung gibt: Dies ist eine Erfahrung, die ich nie vergessen werde. Ich habe eine perfekte Preis-Action-Setup gehandelt, der Handel ging, wie ich erwartete, aber ein paar Minuten später, der Markt sank sehr schnell. Mein Stoppverlust wurde niemals auf dem Preisniveau ausgelöst, wo ich anfangs anfing. Ich habe versucht, diesen Handel so oft zu schließen, wie ich konnte, aber es war unmöglich zu schließen, weil der Preis war unten unten, wo mein Stop-Loss-Preis war Preis sprang meine Stop-Loss. Ich stand einfach da und sah hilflos zu. Nach dem, was wie eine Ewigkeit zu sein schien, wurde der Handel durch Makler bei der schlimmsten Preis-Weg-Weg-Weg-unten unterhalb der einzelnen Handel fast ausgeschlossen mein Trading-Konto geschlossen. Anstatt 2 von meinem Handelskonto zu verlieren, verlor ich fast die Hälfte davon. Ich habe nicht verstanden und wusste nicht, was in dieser Nacht passiert ist, um den Markt so zu bewegen. Ich konnte in dieser Nacht nicht schlafen. Später fand ich heraus, dass es eine große ökonomische Pressemitteilung war, die den Markt so bewegt hat. Von diesem Vorfall habe ich meine Lektion gelernt, also bevor ich einen Handel platziere, gehe ich zum Forex-Fabrikkalender hinüber, um zu prüfen, ob es irgendwelche hochwirksamen Nachrichten gibt, bevor ich meine Trades platziere. Wenn theres ein gültiger Handelsaufbau aber wenn ich sehe, dass die Zeit nah an einer Hauptnachrichten ist, die angekündigt werden, gehe ich nicht herein. Es gibt Ausnahmen, wo ich einen Handel nehmen werde, wenn ich sehe, dass ich meinen Stop-Loss hinter einer großen Unterstützung oder Widerstandsebene platzieren kann. Die hochwirksamen Nachrichten sind in Rot farblich kodiert. Das ist, was Sie suchen (siehe Abbildung unten): Heres, was Sie tun können: Wenn eine gültige Handels-Setup passiert, überprüfen Sie mit forexfactory, um sicherzustellen, dass es keine großen Nachrichten Ankündigungen bald gemacht werden, die Ihren Handel beeinflussen können. Wenn theres Nachrichten, die freigegeben werden, können Sie diese 2 Sachen tun, handeln Sie nicht, bis nach der Nachrichtenfreigabe und warten Sie, bis Märkte, die normalerweise normal handeln, oder wenn Sie sich entscheiden, handeln, kleine Verträge, weil der Markt ist sehr volatil, wenn die Nachricht freigegeben wird . Dies kann für Sie oder gegen Sie arbeiten. Du musst wissen, was du in diesen Zeiten machst. Wenn Sie bereits einen Handel, der ausgeführt wurde (vor der Pressemitteilung Zeit) für einige Zeit und in Profit, darüber nachzudenken, beenden Stop Verlust fester oder nehmen einige Gewinne aus diesem Tisch, falls der Markt gegen Sie geht, sobald die Nachricht veröffentlicht wird . In einem idealen Fall hättest du diesen Handel schon vor einiger Zeit genommen und der aktuelle Marktpreis ist weit weg von deinem Handelseintragspreis und du hättest schon einige Gewinne gesperrt und wenn sich der Markt in Richtung deines Handels nach den Nachrichten bewegt Freigabe, du wirst viel Geld machen. 3 Wichtige Gründe, warum Sie handeln sollten Preis Aktion Preis Aktion stellt kollektives menschliches Verhalten dar. Das menschliche Verhalten auf dem Markt schafft einige spezifische Muster auf den Charts. So Preis Aktion Handel ist wirklich über das Verständnis der Psychologie des Marktes mit diesen Mustern. Das ist, warum Sie sehen, dass Preisschritte Stützniveaus und Bounces back up. Thats, warum Sie sehen, Preis trifft Widerstand Ebenen und Köpfe nach unten. Warum Wegen der kollektiven menschlichen Reaktion Preis-Aktion gibt Struktur für den Forex-Markt. Sie können nicht mit 100 Genauigkeit vorhersagen, wo der Markt als nächstes gehen wird. Allerdings mit Preis-Aktion können Sie, in einem Ausmaß vorherzusagen, wo der Markt potenziell gehen kann. Dies ist, weil Preis-Aktion bringt Struktur. Also, wenn Sie die Struktur kennen. Sie können die Ungewissheit in gewissem Maße reduzieren und mit einer gewissen Sicherheit vorhersagen, wo der Markt als nächstes gehen wird. Preis-Aktion hilft, Marktlärm und falsche Signale zu reduzieren. Wenn Sie mit stochastischen oder CCI-Indikatoren usw. handeln, neigen sie dazu, zu viele falsche Signale zu geben. Dies ist auch bei vielen anderen Indikatoren der Fall. Preis-Aktion hilft, diese Art von falschen Signalen zu reduzieren. Preis-Aktion ist nicht immun gegen falsche Signale, aber es ist eine viel bessere Option als mit anderen Indikatoren, die im Wesentlichen aus den Rohpreisdaten sowieso abgeleitet sind. Preis-Aktion hilft auch, Lärm zu reduzieren. Was ist Lärm Markt Lärm ist einfach alle Preisdaten, die das Bild der zugrunde liegenden Tendenz verzerrt, dies ist vor allem auf kleine Preiskorrekturen sowie Volatilität zurückzuführen. Eine der besten Möglichkeiten, Marktlärm zu minimieren, ist, von größeren Zeitrahmen zu handeln, anstatt von kleineren Zeitrahmen zu handeln. Sehen Sie sich die 2 Charts unten an, um zu sehen, was ich meine: Und jetzt, vergleichen Sie Marktgeräusche im 4hr-Diagramm (beachten Sie den weißen Kasten auf dem Diagramm Das entspricht dem Bereich des 5min-Diagramms oben): Kleinere Zeitrahmen neigen dazu, zu viel Lärm zu haben Viele Händler verloren den Handel in kleineren Zeitrahmen, weil sie nicht verstehen, dass der große Trend in der größeren Zeitrahmen ist die, die tatsächlich fährt, was passiert in den kleineren Zeitrahmen. Aber ich habe gesagt, dass ich in kleineren Zeiträumen handeln, indem ich Handels-Setups verwende, die in größeren Zeitrahmen passieren. Ich tue dies, um in einen besseren Preis Punkt zu bekommen und halten Sie meine Stop-Loss fest. Dies wird als Multi-Timeframe-Handel bezeichnet und ich werde das auch auf Kapitel 16 abdecken, um Ihnen genau zu zeigen, wie es gemacht wurde. Ist die Preisaktion für jeden anderen Markt gültig Die Antwort ist ja. Alle hier beschriebenen Preisaktionen sind auf alle Märkte anwendbar. Hier werde ich meistens im Hinblick auf die Verwendung von Preisaktionen auf dem Devisenmarkt reden, aber wie ich schon erwähnt habe, sind die Konzepte universell und können auf jeden Finanzmarkt angewendet werden. Preis Aktion Trading ermöglicht es Ihnen, mit einem Edge Preis handeln Aktion Handel ist über den Handel mit einem Rand. Was ist ein Handelsrand Nun, einfach gesagt, bedeutet, dass Sie handeln müssen, wenn die Chancen zu Ihren Gunsten sind. Dinge wie: Trading mit dem Trend Trading mit Preis Aktion Mit zuverlässigen Chart-Muster und Leuchter Muster. Handel mit Unterstützung und Widerstand Ebenen. Machen Sie Ihre Gewinner größer als Ihre verlieren Trades Trading nur in größeren Zeitrahmen Warten geduldig für die richtigen Handels-Setups und nicht jagen Trades. Alle diese Dinge oben hilft Ihnen, mit einem Rand zu handeln. Sie können nicht aufhören und wahrscheinlich youve gehört von diesen vor, aber heythis Zeug ist, was trennt Gewinner von Verlierern Was Preis Aktion Handel ist nicht Preis Aktion Handel wird nicht machen Sie reich, aber Preis Aktion Handel mit ordnungsgemäßen Risikomanagement können Sie einen rentablen Händler. Einige von euch werden durch diesen Führer gehen und lernen und viel Geld verdienen, aber einige von euch werden scheitern. Das ist genau so, wie es das Leben ist. Preis Aktion Handel ist nicht der heilige Gral, aber es sicher schlägt mit anderen Indikatoren (die meisten von ihnen oft Verzögerung und eine abgeleitet von Preis-Aktion sowieso). Preis Aktion Handel wird nicht machen Sie einen über Nacht Erfolg. Du musst in die harten Werften stecken, beobachten und sehen, wie der Preis reagiert und diese repetitiven Muster sieht und dann das Vertrauen hat, sie zu tauschen, dann werden Sie dafür belohnt. Wenn du einer von denen bist, die von diesem Kurs lernen und ihn auf deinen Devisenhandel anwenden werden, dann bist meine Hüte an dir und ich sage, geh und gelingt. Chart Zeit-Warum ist es wichtig Sie benötigen Chart Zeit zu verstehen, Preis-Aktion. Für einige von euch kann es eine Weile dauern, bis Sie verstehen, während einige von euch sehr schnell lernen können. Beobachten Sie die Preisaktion des Marktes. Gehen Sie zurück in die Vergangenheit und sehen Sie, wie sich der Markt verhalten hat. Was hat sich dazu veranlasst, sich so zu verhalten. Du kannst kein sicherer Preisverantwortlicher sein, bis du das machst. Wenn du die Charts einfach genug lesen könntest, um in der Lage zu sein, zu den genauen Zeiten einzutreten, wann der Zug ausziehen würde und nicht zurückkomme, dann hättest du einen riesigen Vorteil. Trendlinien, spezifische Leuchtermuster, spezifische Chartmuster, Fibonacci-Retracement-Level-Amp-Unterstützung und Widerstandsebene sind die Werkzeuge, die ich zum Handel verwende. Wenn du die Zeit und die Mühe hast, sie zu lernen, wird es nicht lange dauern, bis du beginnen wirst zu verstehen und zu sehen, wie all diese Dinge zusammen passen. Lernen, nackte Preisaktionen zu handeln. Preis Aktion Trading Course KAPITEL 3: VERSTÄNDNIS MASSE PSYCHOLOGIE IM HANDEL Heres eine Sache über Preisaktion: es stellt ein kollektives menschliches Verhalten oder Massenpsychologie dar. Alle Menschen haben sich in gewissen Situationen entwickelt, um auf bestimmte Situationen zu reagieren. Und das sieht man auch in der Handelswelt: Die Art und Weise, wie viele Händler denken und reagieren Formmuster wiederholte Preismuster, die man sehen kann und dann mit einem gewissen Maß an Genauigkeit voraussagen kann, wo der Markt höchstwahrscheinlich einmal dieses besondere Muster gehen wird gebildet. Zum Beispiel, wenn Sie einen großen Widerstandswert sehen, schlägt der Preis auf das Niveau und bildet einen Sternschnuppe ein bärisches Umkehrleuchtermuster. Sie können dann mit einem größeren Maß an Vertrauen sagen, dass der Preis nach unten geht. Denn es gibt so viele Trader, die diesen Widerstandswert beobachten und sie alle wissen, dass der Preis von diesem Niveau auf eine vorhergehende oder zwei Gelegenheiten abgelehnt worden ist und das sagt ihnen, dass es ein Widerstandswert ist und dass sie auch sehen können, dass bärische Umkehrleuchterbildung Und erraten, was sie warten werden, um zu tun Sie werden mit ihren Verkaufsaufträgen warten, nur ein Verkaufsauftrag, aber Tausende von ihnen, einige kleine und einige große Aufträge. Aber auf der anderen Seite der Münze ist dieser Händler, der zu einem niedrigen Preis gekauft hat und jetzt, dass der Preis auf den Widerstandswert geht, das ist, wo die meisten von ihnen nehmen Gewinnniveaus sind. So, sobald sie ihre Gewinne um Widerstandsniveaus nehmen, bedeutet das, dass es jetzt weniger Käufer jetzt und mehr Verkäufer gibt. Die Balance trifft in Richtung der Verkäufer und das ist, wie der Preis von einem Widerstand zurückgedrängt wird. Weil Preisaktion eine Darstellung der Massenpsychologie ist, werden die Märkte durch die Aktivitäten der Händler bewegt. So Preis Aktion Handel ist über das Verständnis der Psychologie des Marktes mit diesen Mustern und machen einen Gewinn als Ergebnis. Es gibt 2 Arten von Preis-Aktion Handel, die 100 Pure Preis Aktion Handel und die nicht-so-reinen Preis Aktion Handel. Lassen Sie mich erklären Pure Price Action Trading Pure Preis Aktion Handel bedeutet einfach 100 Preis Aktion Handel. Keine Indikatoren außer Preisaktion allein. Nicht-So-Pure Price Action Trading Dies ist, wenn Preis Aktion Handel mit anderen Indikatoren verwendet wird und diese anderen Indikatoren sind Teil der Preis Aktion Handelssystem. Diese Indikatoren können Trendindikatoren wie gleitende Mittelwerte oder Oszillatoren wie stochastische Indikatoren und CCI sein. (Bitte nicht gehen googeln CCI und stochastische Indikatoren) Herkunft des Preises Aktion Handel Charles Dow ist der Kerl gutgeschrieben, um der Vater der technischen Analyse zu sein. Er kam mit der DOW-Theorie auf. Die Theorie versucht, Marktverhalten zu erklären und konzentriert sich auf Markttrends. Ein Teil der Theorie ist, dass der Marktpreis alles vergibt. Daher verwenden technische Analysten Preis-Charts und Chart-Muster zu studieren Markt und nicht wirklich über die grundlegenden Aspekte, was die Märkte bewegen. Ich werde das ein bisschen später abdecken, wenn ich darüber rede, was Trends sind, wie Trends in Kapitel 5 dieses Kurshandelskurses beginnen (oder enden). KAPITEL 4: PREIS UND CHARTS Jetzt können Sie Preis in ein bisschen mehr Details dieses Zeug für die Neulinge bitte überspringen Sie diesen Abschnitt, wenn Sie denken, Sie wissen, Was ist Preis Preis ist Wert gegeben, um ein bestimmtes Instrument in der Regel in monetärer Begriffe und seinen Wert Ist abhängig von Angebot und Nachfrage. Wenn die Nachfrage mehr ist, steigt der Preis, da mehr Händler beginnen zu kaufen und die Preise zu steigern. Demand Zonen auf Ihrem Preis Charts sind um Support Levels. Das ist, wo Käufer kommen und anfangen zu kaufen und fahren Preise up Wenn es ein Überangebot gibt, fällt der Preis, da es mehr Verkäufer und weniger Käufer gibt. Versorgungszonen auf Ihren Charts sind auf und um Widerstand Ebenen, wo Verkäufer kommen und fahren die Preise nach unten aufgrund der Tatsache, dass es nur sehr wenige Käufer. Jedes Mal, wenn du deine Charts eröffnest, ist alles, was du siehst, die Kräfte des Angebots und der Nachfrage bei der Arbeit Wenn der Markt steigt, was sagt das über die Nachfrage und die Versorgung, dann bedeutet es, dass es eine Menge Nachfrage nach diesem Instrument gibt. Oder was ist, wenn das Marketing geht dann was dann, was sagt Ihnen über die Nachfrage und liefern dann Theres eine weniger Nachfrage und viel Versorgung. Aber theres etwas anderes über priceit hat eine zeitkomponente Also der Preis von etwas heute wird nicht das gleiche sein morgen oder in einem Monat oder in einem Jahr. Angebot und Nachfrage im Laufe der Zeit fährt den Preis auf und ab. Aber wie vertritt man den Wert des Preises im Laufe der Zeit, der wiederum von den Angebots - und Nachfragekräften erzählt wird Antwort: Sie benötigen Preiskarten: Preisscheine, Leuchter und Liniendiagramme. Dies sind grafische und visuelle Darstellung des Preises im Laufe der Zeit. So erzählt man Ihnen eine Geschichte über Angebot und Nachfrage Kräfte über einen bestimmten Zeitraum, die 1 Minute bis zu einem Monat oder Jahr sein kann. 3 Haupttypen von Preis-Charts Preis über einen Zeitraum von Zeit ist grafisch dargestellt in 3 Hauptwege: mit einem Balkendiagramm ein Leuchter-Diagramm oder ein Liniendiagramm. Jetzt werde ich jedes Mal von diesen 3 Hauptdiagrammen durchgehen8230 Was ist ein Balkendiagramm Das Diagramm, das du unten siehst, ist ein Balkendiagramm. Diese grünen und roten Dingen werden als Stäbe bezeichnet. Die grünen Balken sind bullish Bars, die einfach bedeutet, dass der Schlusskurs höher ist als der Eröffnungskurs mit einem bestimmten Zeitraum. Diese roten Stäbe sind bärische Stäbe und das bedeutet, dass der Schlusskurs niedriger ist als der Eröffnungskurs für diesen Zeitraum. Die Bar Char Chart sieht einfach wie ein Stock oder Bar mit 2 kurzen Knöpfen auf beiden Seiten. Der Knopf links ist der Eröffnungskurs und der Knopf rechts ist der Schlusskurs. Dann ist der Docht am oberen Ende und am unteren Ende. Der höchste Punkt oder Niveau des Dochts am oberen Ende ist der höchste Preis, der während eines bestimmten Zeitrahmens oder Zeitraums erreicht wurde und der niedrigste Punkt des unteren Dochts ist der niedrigste Preis, der auch während des gleichen Zeitrahmens oder Zeitraums erreicht wurde. Was ist ein Candlestick-Diagramm Die untenstehende Tabelle ist ein Beispiel für ein Leuchter-Diagramm. Das Leuchter-Diagramm vermittelt die gleichen Informationen wie im Balkendiagramm oben, der einzige Unterschied ist, dass ein Leuchter-Diagramm einen Körper hat und ein Balkendiagramm keinen Körper hat. Ein Candlestick-Chart, um es in eine andere Art und Weise zu setzen, ist wie das Setzen eines Körpers über ein Skelett des Balkendiagramms Heres ein Vergleich des Balkendiagramms gegen das Leuchterdiagramm und Notiz, wie sie die gleichen Informationen vermitteln: Das ist der einzige Unterschied zwischen dem Balkendiagramm und dem Candlestick Chartis, dass die Candlestick-Chart hat einen Körper und das Balkendiagramm nicht. Die rote Farbe wird am häufigsten verwendet, um einen bärischen Leuchter anzuzeigen, was bedeutet, dass der Preis hoch erschlossen und niedriger geschlossen ist. A green candlestick represents a bullish candlestick and is the exact opposite. What Is A Line Chart This line chart below is based on the same price information as the bar and candlestick chart shown above. As you can see, even though, it conveys the same price information over time but does not reveal everything. The line chart is one of the least favorite of charts for trading. A line chart is simply drawn by connecting either the closing, high or low price and thats how you get the line on a chart. Line charts can be useful for looking at the bigger picture and finding long term trends but they simply cannot offer up the kind of information contained in a candlesticks chart. Out of these 3, the candlestick chart is the most popular followed by the bar chart. So from here on, I will be only focused on candlestick chart only but I may end up using the word bar to refer to candlestick pattern as well so just be aware of that . I will talk more about the candlestick (and candlestick charts) as this is the bread and butter for price action traders. The candlestick The candlestick chart had its origins in Japan and can also be referred to as the Japanese candlestick chart. The colour of the candlestick chart tells you if price was up or down in a particular timeframe which means that candlesticks are either bullish or bearish Now most traders prefer to set green candlesticks as bullish and red candlesticks as bearish . And I like it to be that way for me personally. Some brokers trading platforms have options where you can change the colours of the candlesticks to any colour you want. If you are a woman, you may change a bullish candlestick to pink And bearish candlestick to Purple (I have never seen a pink and purple candlestick yet). This candlestick shown below is an example of bullish candlestick. A Bullish candlestick simply means the price opened lower and closed up higher after a certain time period, which can be 1minute, 5minute, 1hr or 1 day etc. The candle body represents the distance price has moved from the opening price to the closing price. The longer the body, means price has moved a great deal upward after opening. The shorter the candle body means the exact opposite. The high is the highest price that was reached during that time period. The low is the lowest price that was reached during that time period. All these candlesticks shown below are bullish candlesticks which mean that their opening prices was lower than the closing prices and therefore reflect and overall uptrend in the timeframe each candlestick was formed: Now, the candlestick shown below is an example of a bearish candlestick. A bearish candlestick simply means that the candlestick opened up at a high price and closed lower after a certain time period: All these candlesticks shown below are bearish candlesticks meaning that the opening price was higher than the closing price, therefore reflecting a downtrend: Understanding Buying and Selling Pressure on Candlesticks Did you know that there are bullish candlesticks that are considered bearish and bearish candlesticks that are considered bullish To really understand this concept, you need to understand buying and selling pressure . You see, every candlestick that is formed tells you a story about the battle between the bulls and the bears-who dominated the battle, who won at the end, who is weakening etc. All that is reflected in any candlestick you see. The length of the body of the candlestick as well as the shadow (or wick) tells you a story about the buying and selling pressure. For example, look at the two charts below: Look at the first green candlestick on the left chart, its a bullish candlestick right Yes. But you can see that it has a very short body and very long wick (tail). It tells you the sellers (bears) were dominant. If this candlestick was to form after hitting a resistance level, it will be considered a bearish signal even though its a bullish candlestick. Now, you can apply the same sort of logic to all the other candlesticks above and read the story each one is telling you. If the upper wick is very long, it simple tells you that theres a lot of selling pressure. It means price opened and got pushed higher by the buyers but then at the highest price, sellers got in and drove it back down. If the lower wick is long, it tells you that theres a lot of buying pressure. Sellers drove the price down but buyers got in and drove the price back up. If the lower wick is short, it tells your theres very minimal buying pressure. If the upper wick is short, it tells you that theres very minimal selling pressure. What about the length of the body of candlesticks The longer the body of the candle indicates very strong buying or selling pressure. A short body of a candlestick indicates little price movement and therefore less buying or selling pressure. Sometimes the candles will have no upper or lower shadows but with very long bodies . These are interpreted the same way as standard candlesticks but are an even stronger indication of bullish or negative market sentiment . In the case of bullish candle, prices never decline below the open. In the case of bearish candle, price never trade above the open. See below: Now, so far we have looked at individual candlestickswhat if you combine more than one candlesticks What does it show you Well, one important thing that group of candlestick can show you is how strong or weak a bullish or bearish move is. They can also tell you if the bullish or bearish move is weakening . The word used to describe such a situation is momentum. The chart below shows 3 bearish candlesticks in a downtrend, each with decreasing length and body lengths. And if this happens around support levels, you should sit up and take notice and also watch for bullish reversal candlesticks which will give you the confidence to buy The following chart below shows you an example of decreasing downward momentum as price nears a support levels. What you will see is that the prior candlesticks will tend to be longer and as price nears the support level, the candlesticks starts to get shorter: This next chart below shows 3 bullish candles in an uptrend each with decreasing lengths. In an uptrend, when you see such happening around resistance levels, you should take notice. Also watch for bearish reversal candlestick patterns to form. This will give you the confidence to sell: Here is an example of a bullish momentum decreasing in an uptrend and then price tumbles right after that : Notice (on the chart above) how the bullish candlesticks had increasing lengths and then gradually decreased as the price went up then followed by a big downward fallmove Thats price momentum. Every time you look at your charts, you need to be aware of such. Very important Candlestick Wicks-Why They Are Important The wicks of candlesticks along with the body tell a story. A wick which can be called a shadow or tail of a candlestick is a line situated above and below the body of the candlestick. How are candle wicks (tailsshadows) formed and what do they mean Well, they are formed because of a change in market sentiment. For an upper wick, price is moving up and then market perception is changed by traders and then price is pushed down towards the open by sellers. Thats how the upper shadow is formed. For the lower shadow, price is moving down but the market sentiment changes and price is pushed up towards the close buy the bulls. Thats how a lower wick or shadow is formed. Longer wicks indicate increase change in market sentiment: What is the Significance of Candlestick Wicks Candlestick wicks with long upper shadows commonly occur when an uptrend is losing strength. Long lower shadows occur when the downtrend is losing steam. Ok, that8217t the end of chapter 4 of the price action trading course8230.now lets head to chapter 5 where you will learn about trends. Price Action Trading Course CHAPTER 5: TRENDS When you have price moving across time due to supply and demand, then this creates trends . This section is a discussion about trends, how they form and how many types of trends and what kind of structure trends have. It is important for you to understand the structure of trends so you will not depend on any indicator to tell you if the trend is up or down because understanding what a trend is, the structure of a trend, what signals to look to tell you that a new trend may be starting and previous one ending is one key knowledge you require as a price action trader. And you only need to use price action to tell you if a trend is up, down or sideways. As Ive mentioned above, there are 3 types of trends . In simple terms, a trend is when price is either moving up, down or sideways. So when price is moving up, its called an uptrend. When price is moving down, its called downtrend. When price is moving sideways, its called and sideways Now each of these 3 trend types have certain price structure about them that tells you whether the market is in an uptrend, downtrend or sideways trend. These structures are derived from the Dow Theory. But I will explain it in here briefly. The Dow Theory Of Trends Summarized The theory in simple terms says that: when price is in an uptrend, prices will be making increasing higher highs and higher lows until a higher low gets intercepted, then that signals the end of the uptrend and the beginning of a downtrend. For downtrend, prices will be making increasing lower highs and lower lows until a lower low is intercepted and that signals an end of the downtrend and a beginning of an uptrend. Structure of An Uptrend (Bull) Market With an uptrend market, prices will be making higher highs (HH) and Higher Lows (HL), see chart below for clarity: Structure of A Downtrend (Bear) Market Prices will be making Lower Highs (LH) and Lower Lows (LL). The chart shown below is a really ideal case, see chart below for clarity: But you know that in reality, the market is not like that, its more like this chart shown below: The chart above shows an initial downtrend and along the way there is a false uptrend which does not last and price moves down and then eventually another uptrend moves is happening because another lower high has been intersected(which signals end of downtrend). This is how you use price action to identify trends. You should know this stuff. Because the market is not perfect when these trends are happening, you should develop the skill to judge when a trend is still intact or when a trend is potentially reversing. And its pretty much price intersecting highs or lows. Structure Of A SidewaysRanging Market For a ranging market, in an ideal scenario, you will see price moving in a range between a support and resistance level like shown below: But what you see in the real world is not ideal as above, its more like this as shown below: CHAPTER 6: REVERSALS amp CONTINUATION 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. Thats what reversal means. Now where can reversals happen The following are the major areas where price reversals do happen: Support levels Resistance levels Fibonacci levels Heres an example of price reversing form a support level and went up and then later broke it and went down. Now that broken support level acts as resistance level when price came for a re-test of the level and sent the price tumbling down: Now, what about continuation then Well, in simple terms, continuation means that there is a main trend, for example an uptrend, that is happening and you will notice that price slows down and maybe consolidates for a little while and may fall back down a littleit is like a minor downtrend in a major uptrend move called a downswing in an a major uptrend. So when that ends and price resumes in the original uptrend direction then that is called a continuation. The chart below makes this concept a bit more clearer: So the big question is: how to spot trend continuity and execute trades at the right time The secret is in identification of specific chart patterns as well as very specific candlesticks patterns and you will discover more on the Chart Patterns and Candlestick Patterns section of this course. Top 3 reasons why it is so important for you knowing reversal pointslevels as well as understanding trend continuity patterns and signals: You dont want to be buying near or at a resistance level (which is a reversal point). You dont want to be selling at near or at a support level (which is a reversal point). You dont want be buying when the trend is down and you dont want to be selling when the trend is up thats why you need to know about continuation charts and candlestick patterns which will allow you to trade with the trend. (There are exceptions though when you can trade against the main trend like that like in trading channelssee Chapter 9 of this price action trading course where it talks about: How To Trade Channels) CHAPTER 7: UNDERSTANDING MARKET SWINGS Market Price moves in swings . A price swing is when markets moves like what a wave does. So in an uptrend, price will be making higher highs and higher lows like the figure shown below: So in an uptrend, price moves in swings like this chart shown below: And in a downtrend, price will be making lower highs and lower lows: So in a downtrend, price moves in swings like the chart shown below: 3 Reasons Why Its So Important For You To Understand Market Price Swings If you want to be really good price action trader, you have to understand this concept of how price moves in swings. This is especially true if your style of trading is trend trading or swing trading. Because if you dont understand how price moves in swings, this is what you are going to end up doing: You will execute trades at the very wrong spot For example, in a downtrend, you will sell when the market is just doing an upswing Not good Which means, you will get stopped out or you need to put in a large stop loss. Large stop loss does not necessarily mean large risk if you do position sizing based on the stop loss distance. But if you dont then thats a large risk you are taking. If you have a large stop loss, then youve got to wait a while before the market makes downswing before you to start seeing profits on your trade. Heres an example of what Im talking about: Its really not a good situation to be in. Every traders wish is that the moment a trade is placed, it goes to profit immediately. But we know the market is not like that, sometimes that happens, and sometimes it doesnt. Thats the nature of the market. So in an uptrend, you should be looking to buy on the downswing. In a downtrend, you should be looking to sell on an upswing. And the best way for doing that is by using Price Action (reversal candlesticks) as shown below: Now, these chart below is what actually happens in real life trading environment: CHAPTER 8: HOW TO TRADE SUPPORT AND RESISTANCE LEVELS Nothing is more noticeable on any chart than support and resistance levels. These levels stand out and are so easy for everyone to see Why Because they are so obvious. As a matter of fact, support and resistance trading is the core of price action trading. The key to successful price action trading lies in finding effective support and resistance levels on your charts. Now, in here, I talk about 3 types of support and resistance levels and they are: The normal horizontal support and resistance levels that you are probably most familiar about. Broken support levels become resistance levels and broken resistance levels become support levels. Dynamic Support and Resistance Levels Now, lets look at each in much more detail. Horizontal Support and Resistance Levels These are fairly easy to spot on your charts. They look like peaks and troughs. The chart below is an example and shows you to trade them: How To Find Horizontal Support And Resistance Levels On Your Chart If price has been going down for some time and hits a price level and bounces up from there, thats called a support level. Price goes up, hits a price level or zone where it cannot continue upward any further and then reverses, thats a resistance level. So when price heads back to that support or resistance level, you should expect that it will get rejected from that level again. The use of reversal candlestick trading on support and resistance levels becomes very handy in these cases. Significant Support amp Resistance Levels Not all support and resistance levels are created equal. If you really want to take trades that have high potential for success, you should focus on identifying significant support and resistance levels on your charts. Significant support and resistance levels are those levels that are formed in the large timeframes like the monthly, weekly and daily charts. And when price reacts to these levels, they usually tend to move for a very long time. Heres an example of NZDUSD that hit a resistance level on the monthly timeframe and made a 1,100 pips move down to the next significant support level and price can now be seen bouncing up from that support level: Now, heres the technique I use to trade setups that happen in larger timeframes: I switch to smaller timeframes like the 4hr amp the 1hr, 30min, 15min and even the 5min and wait for a reversal candlestick signal for my trade entries. This is so that I can get in at a much better price level as well as reducing my stop loss distance. Thats whats multi-timeframe trading is all about. Support turned Resistance Level And Resistance Turned Support Level Now, the next on is this thing called Support turned Resistance Level And Resistance Turned Support Level. There are many traders that dont realize that usually, in a downtrend, when a support level has been broken to the downside, it often tends to act as a resistance level. Here is an example shown on the chart below: So when you see such happening, you should be looking for bearish reversal candlestick to go short. As a matter of fact these Rs are the upswings in a downtrend. Similarly, in an uptrend you will also see such happening where Resistance levels get broken and when price heads back down to these, they now will act as support levelsHeres an example: Look for bullish reversal candlestick around these type of resistance turned support levels as your signal to buy. Can you see how the need for using other indicators is diminished once you understand how easy is to spot such trading setups like these CHAPTER 9: HOW TO TRADE PRICE CHANNELS What is a channel And How Do You Trade A Channel This section is about that. The path price follows and the area enclosed within it is called the price channel. The fundamental principle of how a channel form is based on support and resistance. Why price does that, I dont know but consider it as supply and demand at work. There are 3 major types of channels: the uptrend channel , the downtrend channel and the sidewayshorizontal This is what a downtrend channel looks like and how to trade it: This is what an uptrend channel looks like and shows how you can trade it: This is what a sideways channel looks like and how you can trade it: Sideways channels (or horizontal channels) are little bit different from uptrend and downtrend channels because with uptrend and downtrend channels, you would require 2 points to draw trendlines and wait for price to touch them later on before you take a trade because the trend lines are at an angle. But with sidewayshorizontal channels, you can actually start trading the setup at point 2 which can be both a resistance or support level based on the fact that a prior resistance or support level is already visible and you should expect price to bounce from those levels. Look for reversal candlesticks to buy or sell when you see such setups happening. General Rules For Trading Channels If you buy or sell on the other side of the channel, you wait for price to reach the other end of the channel to take profit or exit the trade. Place your stop loss on just outside the channel or just above the high of the candlestick (for a sell order) or just below the low of the candlestick (for a buy order) that touched the channel and shows signs of rejection. This candlestick can also be a reversal candlestick. You may also decide to take half the profits off as price is in the middle of the channel for a profitable trade. CHAPTER 10: NINE (9) PROFITABLE CHART PATTERNS EVERY TRADER NEEDS TO KNOW Theres a difference between chart patterns and candlestick patterns . Chart patterns are not candlestick patterns and candlestick patterns are not chart patterns: Chart patterns are geometric shapes found in the price data that can help a trader understand the price action, as well make predictions about where the price is likely to go. Candlestick patterns on the other hand can involve only one single candlestick or a group of candlestick which have formed one-after-the other in regard to how they form in relation to one another in terms of their body length, opening and closing prices, wicks(or shadows) etc. Not knowing what chart patterns are forming can be a costly mistake . If you are like that, this is your opportunity to get back on track. Why costly mistake Because you are completely unaware of what is forming on the charts and you end up taking a trade that is not in line with what the chart pattern is signalling or telling you These are the 9 chart patterns you will learn about today: Triangle chart patterns-symmetrical, ascending and descending (3 patterns) Head and shoulders and Inverse Head and Shoulders (2 patterns) Double Bottom and Double Top (2 patterns) Tripple Bottom and Tripple Top (2 patterns) But first up, I am going to talk about triangle chart patterns. Symmetrical Triangle There are 3 types of triangle chart patterns and the chart below shows the differences between each very clearly: Now, lets starts with the symmetrical triangle pattern first. Is A Symmetrical Triangle Bullish Or Bearish Chart Pattern The Symmetrical triangle chart pattern is a continuation pattern therefore it can be both a bullish or bearish pattern: What does this mean then Well, if you see this pattern in an uptrend, expect a breakout to the upside. See an example below: If you see a symmetrical triangle pattern form in a downtrend, then expect a breakout of this pattern to the downside like this one shown below: How To Draw A Symmetrical Triangle You will see price moving up and down but this up and down movement is converging to a single point . You need a minimum of 2 peaks and 2 troughs to draw the two trendlines on both sides. It will be only a matter of time before price breaks out of the pattern and either moves up or down. Two Simple Ways To Trade The Symmetrical Triangle 1: Trade the Initial Breakout The best way is to confirm that the breakout actually happens with a candlestick before placing your order. What I do I is for example, say Im watching a symmetrical triangle form in the 4hr charts and I know that soon a breakout will happen. I then switch to the 1hr chart to wait for the breakout to happen. If a 1hr candlestick has broken the triangle and closed belowabove it, thats my trade entry signal. So I will place a pending buy stopsell stop order to catch the breakout from there. Often I want to make sure that the 1hr candlestick closes outside of the triangle before I enter a pending buy stop or sell stop order to capture the move that happens to avoid false breakouts while the candlestick has not closed yet. But heres the problem with trading triangle breakouts, see chart below: I dont like trading breakouts like the one shown above and heres why: The stop loss distance is too large. Id prefer to enter trades with breakout candlesticks that are close to the trend lines that have been broken. I often see that such breakout of extremely long candlesticks are not sustainable and price will often tend to reverse after such candlesticks as can be seen by the chart above notice that after the breakout candlestick, there was one bearish green pin bar and then for the next 4 candlesticks afterward, the price went down . This is what tends to happened with such long breakout candlesticks. So if you entered a buy order using that long breakout candlestick above, you would have to wait a while for your trade to turn profitable. 2: Trade the retest of the trendline that is broken The second way to enter is to wait for a retest of the broken trendline in the triangle pattern then either buy or sell. This may also be handy if you had an extremely long breakout candlestick on the initial breakout, you best option is to wait for a retest of the breakout trendline then if that happens you enter. Stop loss Placement Options On Symmetrical Triangle Pattern Here are 3 ways on how to place stop loss on triangle patterns, which include symmetrical, ascending and descending triangle patterns which you will learn next. The stop loss placement techniques here are applicable to all triangle patterns so take note of that: Ascending Triangle Chart Pattern And ascending triangle pattern looks like this chart shown below: And this is how a real chart looks like: Is Ascending Triangle Pattern Bullish Or Bearish It is considered a bullish continuation pattern in an existing uptrend. So when you see this forming in an uptrend, expect a breakout to the upside. However, it can also be a strong reversal signal (bullish) when you see it form in a downtrend. Stop Loss Placement Options You can use the strategies given in symmetrical triangle. Take Profit Options I prefer to target previous resistance levels as my take profit target. Or as shown on the chart below, you can use the x pips distance as your take profit target. Another way to do it would be say 3 times the x pips or 2 times the x pips distance. That should give you your profit target level(s). Descending Triangle Chart Pattern Important things to note about the descending triangle chart pattern: The descending triangle chart pattern is characterized by a descending resistance levels and a fairly horizontal support levels converging to a point until a breakout happens to the downside as shown below: And this is how a descending triangle looks like on a chart shown below: Is Descending Triangle Pattern Bullish Or Bearish It is a bearish chart pattern that forms in a downtrend as a continuation pattern. However, this pattern can also form as a bearish reversal pattern at the end of an uptrend. Therefore regardless of where it forms, its a bearish chart pattern. How to Trade The Descending Triangle Formation Similar to the other 2 triangle patterns, you can either trade the initial breakout or wait to see if price reverses back to test the broken support level and then sell. Note: with a triangular pattern, I often prefer to wait for a candlestick to breakout and close outside of the pattern before I enter a trade. This helps to reduce false breakout signals. But there will be times when I will just trade the breakout with a pending sell stop order just a few pips under the support level to catch the breakout when it happens but when I do that, I sit and watch the close of the 1hr candlestick to make sure that it does not close above the support line (if that happens, it may mean a false breakout). And then theres the issues of extremely long breakout candlesticks again like this: As mentioned previously: when you have such extremely long breakout candlesticks like that, better to sit and wait to see if price will reverse and get back up to the support level that was broken ( a retest) which will now be acting as a resistance level and then sell when that level is touched. How To Take Profit I prefer to use previous support levels, lows or troughs and use those as my take profit target level. Another method of take profit that is commonly used is to measure the height of the triangle and if the height is say 100 pips then that is your take profit target. The chart below should give you a clear idea of how its done: Note that on the chart, the descending triangle formed the end of an uptrend. Head amp Shoulders Chart Pattern The head and shoulder chart pattern is a bearish chart pattern. This is what a head and shoulder reversal pattern looks like: Important things to note about the head and shoulder pattern: The head and shoulders pattern is a bearish reversal pattern and when found in an uptrend, it signals the end of the uptrend. Heres how this pattern forms: Eventually, the market begins to slow down after going up for some time and the forces of supply and demand are generally considered in balance. Sellers come in at the highs (left shoulder) and the downside is probed (beginning neckline.) Buyers soon return to the market and ultimately push through to new highs (head.) However, the new highs are quickly turned back and the downside is tested again (continuing neckline.) Tentative buying re-emerges and the market rallies once more, but fails to take out the previous high. (This last top is considered the right shoulder.) Buying dries up and the market tests the downside yet again. Your trendline for this pattern should be drawn from the beginning neckline to the continuing neckline. Heres another example: Heres another one: How To Trade The Head amp Shoulder Chart Pattern. The following chart below makes it much clearer. How To Calculate Profit Targets I use previous lows or troughs to set my take profit target. However, you can also use the distance in pips between the neckline and the head as your take profit target level. So if the distance is 100 pips, then if you trade the initial breakout, you set it at 100pips take profit target level like the chart shown below with the two blue lines: Inverse Head and Shoulder Pattern You will also see this pattern, though not as popular, its good to keep an eye out for it. The inverse head and shoulder pattern is bullish reversal candlestick pattern and just the opposite of head and shoulders pattern. Heres what it look like on the chart shown below: And this is what it looks like on a real chart: How to Trade the Inverse Head and Shoulder Pattern You can buy the initial breakout of the neckline or wait for the re-test, that is wait for price to breakout and then come back down to test the broken neckline and then buy. Use bullish reversal candlesticks for trade entry confirmation if you are waiting to buy on re-test. I often tend to place my profit target on previous highs. One method of calculating profit target is to measure from the head up to the trendline and what the distance in pips is your profit target. See the two blue vertical lines in the chart above. Double Bottom Chart Pattern A double bottom chart pattern is bullish reversal chart pattern and when it forms in an existing downtrend, it signals a possible upward trend. Heres what It look like: This is what a double bottom pattern looks like on a real forex chart: 3 Ways on How To Trade Double Bottoms 1: Trade the breakout of the neckline: Many traders once they see that the double pattern has formed and the neckline is being tested, thats when they get in as soon as a breakout happens. 2: Wait to enter on retest of Broken Neckline Then there are other groups of traders that like to enter when price reverses back down to touch the neckline, which now would act as a support level. Once it hits that neckline level they buy. 3: Buy on bottom 2. In this way, you have the potential to ride the trade all the way up if the neckline is intercepted. You should consider buying on bottom 2 as buying on a support levelas a matter of fact, that it what is is Look for bullish reversal candlestick patterns for trade entry signals. Take Profit Target levels If you buy on bottom 2, you can use the neckline as your take profit level, or any previous highs above that as well. If you buy the breakout of the neckline, use the distance between the bottom and the neckline in pips to calculate your profit target. See chart below for example: Double Top Chart Pattern A double top chart pattern is a bearish reversal chart pattern and when found in an uptrend and once the neckline is broken, that confirms a downtrend. The double tops are very powerful patterns and if you get into a trade at the right time, you stand to make a lot of profits when the breakout happens to the downside . Heres an example of a double top Chart Pattern shown below: How to Trade the Double Top Chart Pattern Theres 3 ways to trade the double top chart pattern: 1: Trade the initial breakout of the neckline. 2: The technique I like most to take a sell trade on Peak 2 when I see a bearish reversal candlestick. And if price moves down and intersects the neckline and continues to do down further, your profits are dramatically increased. 3: 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: This is how it would look like in a real forex chart: How to Take Profit On The Double Top Chart Pattern Use previous low (support levels) to set take profit targets. Or another option would be to measure the distance between the neckline and the highest peak (the range) and use that difference in pips as take profit target if you are trading the breakout from the neckline. Triple Bottom I do not see triple bottoms forming quite as oftenRegardless of that, you should have an idea of what it looks like: Triple bottoms are bullish reversal chart patterns, which means if found in a downtrend and this pattern starts to form and once the neckline is broken and price head up, this confirms that the trend is up. Heres another example of a triple bottom shown below: How to Trade The Triple Bottoms Many traders wait until the neckline is broken and trade the initial breakout. Others will wait for a retest of the broken neckline to enter a buy order once they see a bullish reversal candlestick I prefer to take trades on the 3rd bottom by watching the price action. If I see a bullish reversal candlestick pattern, I buy. Why do I do that Well, if price goes up and breaks the neckline and goes upward, I would be in a lot more profit than if I bought the breakout of the neckline. Profit taking methods would be similar to double bottom chart pattern mentioned previously The Triple Top Chart Pattern Triple tops are the opposite of triple bottoms and they are bearish chart patterns. They rarely occur but its good to know what they look like. Triple tops when found in an uptrend, it signals the end of the uptrend when the neckline is broken and price heads down. How To Trade The Triple Top Chart Pattern Some conservative traders wait for the neckline to be broken to trade that breakout. Some will most likely wait for retest of neckline and then sell. I prefer to take trades on Peak 3 and if the trade breaks the neckline and goes all the way down, I have a lot more profit to make. The key to taking a good trade on peak 3 is by looking for bearish reversal candlesticks. These are your signals to go short. If you take a trade at peak 3, you profit target can be the neckline. Or if you take a trade on the breakout of the neckline, measure the distance in pips between the neckline and the highest of the 3 peaks and use that distance to calculate your profit target. Or you can use a previous low and use that as your take profit target level as well. CHAPTER 11: TEN (10) PROFITABLE CANDLESTICK PATTERNS EVERY TRADER NEEDS TO KNOW There are lots of candlesticks, but out of all of them only 9 that you really need to know. Why Because there are very popular are really powerful so why waste time with the rest When these candlesticks form at support and resistance levels or Fibonacci levels they are great trade entry signals. 1: The Doji Candlestick Patterns. The doji candlesticks are single (individual) candlestick patterns. There are 4 types of doji candlesticks as shown below: The doji cross can be both considered a bullish or bearish signal depending on where it forms. The gravestone doji is considered a bearish reversal candlestick when formed in an uptrend or in a resistance level. The dragonfly doji is considered a bullish candlestick pattern when formed in a downtrend or in a support level. The long-legged doji shows a period of indecision by bulls and bears and depending on where it forms (uptrendresistance levelbearish signal, downtrendsupport levelbullish signal) it can be considered a bearish or bullish signal. 2: The Engulfing Candlestick Patterns The engulfing patterns are 2 candlestick patterns. For a bullish engulfing pattern, you will see that the first candle is bearish followed by the second candle which is very bullish and this 2 nd candle completely engulfs Bullish Engulfing-when formed in a support level or in a downtrend, this can signal that the downtrend is potentially ending. Bearish Engulfing-when formed in an uptrend or or in a resistance level, this is a signal that the uptrend may be ending. 3: Harami Candlestick Patterns. Bullish Harami - this is a 2 candlestick pattern. The first candlestick is a very bearish candlestick followed by a bullish candle, which is quite short and is completely covered by the shadow of first candle. When you see this in a downtrend or in an area of support, this will be your bullish(buy) signal. Bearish Harami is the exact opposite of bullish harami. When you see this pattern form in a resistance level or in an uptrend, this is a bearish reversal signal and may indicate that the uptrend is ending and you should go short (sell). The easiest way to remember the harami patterns is to think about a pregnant woman and a baby inside her tummy: 4: Dark Cloud Cover Candlestick Pattern The dark cloud is another bearish reversal candlestick pattern formation consisting of 2 candlesticks. The first one is a bullish candlestick showing a strong upward momentum but when the second candle forms, it shows a completely different storyits bearish and it closes at about the middway point of the first candlestick. When you see the dark cloud cover candlestick pattern in an uptrend or in level of resistance, its a bearish reversal signal and you should be thinking to go short (sell). 5: Piercing Line Candlestick Pattern The piercing line is the opposite of dark cloud cover. You may see this in a downtrend or forming at a support level. The first candlestick is very bearish and when the 2 nd candle forms, it tells a completely different story, its bullish. This tells you that the bears are losing steam and that the bulls are gaining strength to potentially move the market price up. The second bullish candlestick should close somewhere up the mind-point of the first candlestick. So when you see the piercing line pattern forming at support levels or in a downtrend market, take note as this is a potential bullish reversal signal so you should be thinking of going long (buying). 6: Shooting Star Candlestick Pattern This is one of the most reliable candlesticks and obviously one of the most popular due to the fact that they are so easy to spot on any chart. The shooting star is single candlestick pattern and when it forms in an uptrend or in a resistance level, then it is considered as a bearish reversal pattern and so you should be looking to sell. Note: the shooting star is sometimes called the bearish hammer, inverse hammer, inverted hammer or bearish pin bar. They all mean the same and refer to the shooting star candlestick pattern. 7: Hammer Candlestick Pattern The hammer candlestick is a single candlestick pattern pattern and its is considered a bullish reversal candlestick pattern and its the opposite of the shooting star candlestick pattern. It has a very long tail and a short upper wick or none at all. When it forms in a downtrend or at support levels, you should take notethis is a very high probability bullish reversal candlestick pattern and you should be looking to go long (buy). 8: Hanging Man Candlestick Pattern Now, what happens if you see in an uptrend a candlestick that looks like a hammer Is it still a bullish signal Well, in that case . this candlestick is a hanging man and its not a bullish signal. Heres how it looks: Now, the hanging man, is exactly like hammer but the only difference is that it must form in an uptrend. When it forms in an uptrend or in resistance levels, it tells you that there is a possibility that the uptrend is ending so you should be looking to go short (sell). See chart below: 9: Railway Track Candlestick Patterns The railway track pattern is a 2-candlestick pattern and theres a bearish and bullish railway track candlestick pattern. A notable feature of railway tracks is that they look like paralled railway tracks and both candlesticks should be of almost the same lengh and body and almost look like mirror image of each other. For a bearish railway track, the first candle is bullish followed by almost exactly the same length and body of the second candlestick which is bullish. This tells you that bulls are losing ground and bears have gained controlled. So when you see the bearish railway track pattern in an uptrend, or in an area of resistance, this is a signal that the downtrend may be starting so you should be looking to sell. Similarly but opposite is the bullish railway track pattern. When you see this in a downtred or in an area of support, take note because the market may be heading up and this is your signal to buy. 10: Spinning Top Spinning tops can be continuation candlestick patterns or reversal candlestick patterns. Spinning tops have small bodies with upper and lower shadows that exceed the length of the body. Spinning tops signal indecision. A spinning top is a single candlestick pattern and it can be both bullish or bearish. Let me explain. If you see are bearish spinning top in a support area or in a downtrend, this can be considered a bullish reversal signal when the high of tha bearish spinning top is broken to the upside. Similarly, a bullish spinning stop in a resistance level or in an uptrend can be considered a bearish signal as soon as the low is broken to the downside. Example below shows what I mean: Spinning tops are fairly short in length compared to other candlesticks and their body length is a few steps wider than that of doji candlesticks(which actually have none or very tiny bodies). Another notable feature of spinning tops is that the wicks on both sides should be almost the same length. When I see spinning tops form on support or resistance levels, all it tells me the bears and bulls do not really know where to push the market and so when a breakout of the low or high of a spinning top by the next candle that forms usually signals the move in that direction of breakout Heres an example: Blending Candlesticks-A Concept Every Trader Needs To Know This is a technique where not many traders are aware about and I will just give you a simple example so you understand this concept better. To give you a bit of context, if you are a forex trader and you are using the metrader4 trading platform, it got only 9 timeframes where your charts can be viewed in which are the 1m, 5min, 15m, 30min, 1hr, 4hr, daily, weekly amp monthly timeframes as shown on the chart below: You may see a hammer in the 1hr timeframe but remember that that 1hr timeframe has two-30minute candles to make 1 hr, right Yes. So what do you think the candlestick pattern would be in the two-30 minute candlesticks to give you a bullish hammer candlestick pattern in the 1hr timeframe Or if you see a shooting start bearish candlestick in the 1hr timeframe, what do you think would be the candlestick pattern in the two-30minute candlesticks that gave that 1hr candlestick a shooting star Well, your answers are below: Hope you really understand this concept because heres why: In the metatrader4 trading platform, theres not partner timeframe for 1minuteyou need a 2minute chart which does not exist. Similarly, theres no 10min chart which you can use to blend with the existing 5min timeframe. Similarly, there is no 2hr timeframe to go with 4hr timeframe and no 8hr timeframe to go with the existing 4hr timeframe. So lets say you are a trader that loves to trade only hammers and shooting stars and you are waiting buy at a major support line in the 1hr timeframe. Youve been waiting patiently for a bullish hammer candlestick pattern to form to give you the signal to buy. But unfortunately, no hammer forms in the 1hr timeframe and even though you see a bullish engulfing pattern formed, you did not enter a buy trade. You just watched as price shoots up and you wished you could have bought at the bullish engulfing signal that was given but you are only interested in trading hammers. Well, if there was a 2hr time frame in metrader4, you could have switched to it and seen a very bullish hammer and you could have taken the trade but because you did not understand the concept of blending candlesticks you missed a very good trade. Here are few more examples: Notice also that a piercing line pattern when blended forms a hammer. A Dark cloud cover when blended also forms a shooting star. gt CHAPTER 12: HOW TO TRADE FIBONACCI WITH PRICE ACTION Now, I dont know about you but one thing I continue to see is that price action respects Fibonacci levelsnot all the time but when it does, some of the market moves generated can make you money very easily. The trick is to use Fibonacci and combine it with price action by using reversal candlesticks. But first, if youve never heard about Fibonacci retracement tool, then heres a brief introduction What Is The Fibonacci Retracement Tool This tool is a series or sequence of numbers identified by a guy called Leonardo Fibonacci in the 13 th Century. (Hes long dead) No, need to go into pointless details about how those numbers are derived. So what actually is a Fibonacci Retracement In technical analysis Fibonacci retracement is created by taking two extreme points (usually a major peak and trough) on your forex chart and dividing the vertical distance by the key Fibonacci ratios of 23.6, 38.2, 50, 61.8 and 100. Once these levels are identified, horizontal lines are drawn and used to identify possible support and resistance levels . The two fib levels I use the most are the 50 and the 61.8. I really do not focus at all on the others. If you are using metetrader4 Trading platform, the Fibonacci tool has an icon as shown on the chart below: Top 3 Reasons Why You Need A Fibonacci Retracement Tool: In a downtrend, after price has been going down for some time, it will move back up (upswingremember). The Fibonacci retracement tool can help you estimate or predict potential price reversal areas or levels. Similarly, in an uptrend, price will make minor downtrend moves (downswings) and the Fibonacci retracement tool will help you predict potential reversals areas or price levels. If used in conjunction with support and resistance levels and combined with price action, they do really form a powerful combination and do give highly profitable trading signals. This describes something known as price confluence . I will talk more on that later. How to Use the Fibonacci Tool On Metatrader4 It is actually a very simple 3 step process: Step1: find a peak (upswing pointresistance level) and a trough (downswing pointsupport level) Step2: Click on the Fibonacci tool icon on your chart. For the next steps, its all click and drag process Step 3a: In a downtrend market, you click first on the previous peak where you want to analyse from and drag down to the trough where price reversed from and release. Step 3b: In an uptrend market, click and drag first on the trough up to the peak and release. Thats how simple it is to draw Fibonacci retracement levels on your charts. On the chart below notice that price formed a peak and then moved down, found support and formed a trough, and price went back up: At around the 50 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). Can you buy or sell just based entirely on the fib numbers like 50 or 61.8 as soon as price reaches these levels without price action Well, I think that there are traders out there that do that and you can do that. But personally, I do not like that approach. Id rather combine Fibonacci with reversal candlesticks, trend lines, support amp resistance levels etc for trade entries. Lets study the past heres an example of how to trade Fibonacci with price action in an uptrend. Notice the spinning top candlestick right at the 50 level which could have been used as a buy signal: Heres another example of how to trade Fibonacci with price action in a downtrend: You can see that this is not complicated, isnt it Very simple trade setups. Your risks are small compared to the profits you potentially can make. CHAPTER 13: HOW TO TRADE TRENDLINES WITH PRICE ACTION When the market is heading down, it forms down swings and up swings as it continually moves lower. Similarly, when the market is in an uptrend, it will form upswings and downswings as it continues to move up. The peaks that are formed by the up swings and the troughs that are formed by the down swings can be used to draw trendlines. And you need a minimum of 2 peaks to draw a downward trendline for a market that is in a downtrend and you need 2 troughs to draw an upward trendline for a market that is in an uptrend. How To Draw Downtrend Trendlines Now, for a market in a downtrend, you can connect the peaks with a line and that forms you downward trendline. What you are waiting for is for price to come back up and touch that trendline and when it does, this could mean that a down swing will start and it may be the best time to enter a short trade. The use of bearish reversal candlesticks as trade confirmation is highly recommended with this trading method. How To Draw Upward Trendlines When the the market is in an uptrend, connect 2 troughs and you have an upward trendline. When price comes to touch it later, you have a potential buy setup. The chart bellows shows a live example of a long trade on AUDNZD pair that I took at the moment whilst I was writing this guide. As you can see, I was anticipating a move up to the 1.1290 level and used that as my take profit target level. Obviously, this trade was taken based on the setup in the daily timeframe which means it may be a week or two before the profit target is hit if the market makes a nice move up or the opposite can happen . price breaks the trendline and I get stopped out or I can walk away with some profits when my trailing stop gets hit. But the next day, price broke that upward trendline and I got stopped out with a loss. But heres the thing with a trade like that my stop loss is tight . with a potential reward of more than 3 times what I risked for this trade. Heres the chart of what happened: I strongly recommend that you use bullish reversal candlesticks as a signal for executing your buylong trades. Im not glamorizing price action trading here. You will have losses like what Ive shown. But think about this if the price had moved the way I analysed, I would have made a lot more profits than what I lost. With Price action trading, you are risking less with the potential to make more and thats the beauty of price action trading. What happens if the trendline gets intersected There are a couple of things you need to be aware when a trendline gets intersected: (1)The first is that it could mean the trend has now changed. (2)The second is that it can be a false break only and price will soon head back in the original direction. Now, theres another thing about trendlines, if one trendline gets broken, you need to be see if you can draw another trendline above (or below) the one thats broken. There can be 2 or more downward trendlines or 2 or more upward trendlines at any one time on any chart in any timeframe. So if price breaks the first trendline, it still has yet to head to the 2 nd and the third etc So if you take a sell trade on the first trendline but price intersects it and you are stopped out with a loss and now price is heading to the 2 nd trendline above, you should also look to sell if you get bearish reversal candlestick signal. Heres an example of a trade in a similar situation that I took on the AUDUSD pair. See chart below: (enlarge if you cannot see clearly). You will notice that I took the first trade on the first downward trendline based on a bearish harami and also a spinning top pattern there but then price intersected that trendline and went up to the 2 nd downward trendline. I saw a shooting star so I took another short trade. Obviously, you can see how the price reacted to the trendline by forming a shooting star. That was enough signal for me to short this pair. You need to be aware of these kinds of trendlines not only on the sell side buy ton the buy side as well. I suggest you check out Trendline Trading System for more information on how to trade it. CHAPTER 14: HOW TO TRADE MOVING AVERAGES WITH PRICE ACTION Remember in the beginning I did briefly mentioned something about Not-So-Pure Price Action Trading Well, now we are at it When you use price action trading with one other indicator or a combination of indicators which are incorporated into your trading system then thats what I call Not-So-Pure Price Action Trading. (Call it whatever you like, if you think Im wrong, I really dont care). Many new traders that find it difficult to define the structure of a trending market, therefore they rely on moving averages for trend detection or identification. The only thing I see useful in moving averages is for dynamic support and resistance levels. I will explain this concept shortly. As a matter of fact moving averages do a terrible job of predicting trends in that they only do that after that trend has already started already and price has moved a great deal already. Heres an example: In the chart on the left, notice that price has crossed the HL(higher low) already, indicating that the downtrend market has started (potentially). But notice that the moving averages have not crossed yet. So price action is telling you that you are now potentially in a downtrend but moving average is saying not yet. So you have two conflicting signals. And by the time moving average confirms what the price action has indicated, price has already made a great deal of move downward already as shown by this chart on the left. So which are you really going to pick Depend on moving average to tell you that a trend has changed or depend on price action I really cant force, its your choice. Using Moving Averages For Dynamic Support And Resistance Levels The concept of dynamic support and resistance can be fully understood with a few charts given below. When the market is in a downtrend, you will notice that price moves up to the moving average lines (upswing) and then bounces back down from them (downswing). (That is if you put moving average lines on your charts). Heres an example: The similar situation happens in an uptrend: prices move down to the moving average lines (downswing) and then bounces up from them (upswing). Heres an example shown on the chart below: Now that you know this concept of dynamic support and resistance using moving averages, the next thing you need to know is that trend trading strategies can be created around them and in a very nice trending market, they are really effective. For those that love moving averages, what you can do is to look reversal candlesticks as price starts to go back to touch the moving average lines and these are used as your confirmation signal to buy or sell. In a downtrend, you should be looking for bearish reversal candlesticks like the shooting star, bearish harami, spinning tops, dark cloud cover, hanging man etc to go short (sell). In an uptrend, you should be looking out for bullish reversal candlestick patterns like pin bars, dojis, piercing line, bullish harami etc Lets study the past againon the chart below is an example of how to trade dynamic support with Price Action: Now, its easy to say here that you could have bought here and sold here etc based on what happened in the past because now you can see how the market has played out in the past But real challenge for many traders is that when a setup is happening, they will most likely second guess it because this is how its going to look: And this is how how it turned out: Heres an example of trading using dynamic resistance levels with price action : CHAPTER 15: HOW TO TRADE CONFLUENCE WITH PRICE ACTION What is confluence . Well, lets find out here in this following example What if you were watching the market and then you saw that price is heading to a resistance level and then you checked your Fibonacci retracement and its almost like a coincidence that the resistance levels is also at 61.8 Fibonacci level as well. And theres even morethe overall trend is also down. So you have 3 things lining up for you, here they are again: the overall trend is down you have a resistance level that price is coming to and you notice that the price is also heading up to the fib level is 61.8 which coincides with the resistance level. What Ive described above is an example of confluence . A confluence is a pointlevel in the market where two or more levels intersect each other (or come together) and they form a flash point or hot point or confluent point. Heres An Example Of How I Trade With Confluence Let me give a real example of a trade that I took as I was writing this. This is the daily chart for AUDUSD. Have a good and close look at it. Heres why I took that trade: I first drew a downward trendline and was waiting to see if price would come up to touch the trendline. And I also noticed that the previous support level that was broken could potentially act as a resistance level causing price to reverse. Therefore now I have two things coming together. Next thing I did was to check what the fib retracement level to see if price came and hit that resistance level what the ratio would be. Surprisingly, it was 61.8. Sweet So now I have 3 things coming together. So how did I take the trade then I switched to the 1hr timeframe and waited for price to come and hit the confluence zone and saw a shooting star, a bearish reversal Candlestick pattern (also sometimes called a bearish pin bar). That was my clue to execute a short trade right there. Heres is a close up of how the trade setup looked like in the 1hr where I was waiting to take the trade(see chart below): I risked 50 pips for this trade and later Im going to set the previous swing low as my profit target which is 215 pips and if my profit target gets hits, I will make 7 times what I risked initially. Good thing as I was stilling writing this guide this trade played out so I can show you what happened: As you can see, I managed to make 138 pips on the first trade. Note also that I also made a 2 nd trade which made 125pips as well. Even though my profit target was not hit, I used trailing stop loss as shown below until I got stopped out when price moved back up. Thats the beauty about these kinds of trades: They are really low risk-high reward entry trades. They have great chance of being profitable. Theres two ways you will learn from price action: First is to spend hours over your charts analysing what happened in the past and asking these types of questions: Why did price make a big upward move from here and why did price make a big downward move from here What price action signals that formed there that could have given anybody an indication that this massive move was about to happen You will be bloody surprised at what type of reversal candlesticks and chart patterns you will find. Then with that knowledge, get back to the present and see if you can see these patterns unfolding in the current market. Heres an example of a doji candlestick confluence with the dominant downtrend, as if formed telling you to sell the market with the trend. This short trade setup had 4 factors of confluence supporting it : The doji had confluence with the dominant downtrend, as it formed telling you to sell the market with the trend. The doji showed a clear indecision by the sellers and the buyers therefore the breakout of the low of doji candlestick was what the sellers were waiting for to push the market down. The doji candlestick also formed between 50-61.8 fibonacci retracement zone. The moving averages providing dynamic resistance. Heres another example: Now, I can put lots of charts giving you examples of what happened in the pastbut its 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. All this information here is providing you the foundation the basic framework you need to trade price action, the learning comes from observing and doing. CHAPTER 16: TOP 2 REASONS WHY I USE MULTI-TIMEFRAME ANALYSIS AND TRADING There are 2 main reasons why I use multi-timeframe trading: For getting better trade entries For reducing stop loss distance so I have better risk:reward ratio which means I can also increase the amount of contracts I trade without risking more of my trading accountso if my trade direction is right, I make a lot more money Now, I will explain both in detail How To Get Better Trade Entries And So Reduce Your Stop Loss Distance With Multi-Timeframe Analysis And Trading If you are trading strictly using the large timeframes like the daily chart, your stop loss distance will be huge and the issue with that is your risk:reward ratio can be reduced (no necessarily all the time): Risk to Reward Ratio Explained Simply put, investing money into the investment markets has a high degree of risk, and if youre going to take the risk, the amount of money you stand to gain needs to be big. If somebody you marginally trust asks for a 50 loan and offers to pay you 60 in two weeks, it might not be worth the risk, but what if they offered to pay you 100 The risk of losing 50 for the chance to make 100 might be appealing. So in that case your risk:reward ratio will be 1:2 But what if you decided that you want to minimize your stop loss distance And even though you are trading with a setup in the daily chart, for your trade entry, you are actually switching to the smaller timeframe and watching for a sell signal in the 1hr timeframe Well, what Ive just described is a really good example of multi-timeframe trading to get better trade entries. Lets study a chart of what happened in the past to make you understand what I am talking about This chart below is a daily chart and shows a triple top pattern in a solid resistance level. Price has been pushed down twice from this level and when the third time it price reaches this level, it was pushed down again. Now, you can see the bearish harami reversal candlestick pattern and you could have used this as your sell signal by placing a pending sell stop order just a few pips under the low. And placed your stop loss outside of the resistance line as shown on the chart above. But if you switched to the 1hr chart to wait for trade entry, your stop loss distances would be very small in comparison to the daily timeframe as shown by the chart below(Ive zoomed in to get in closer): Now, lets compare both trades in the daily chart: Notice that for the 1hr trade entry, it was done almost at the very top and the stop loss distance was very small in comparison to the trade taken in the daily timeframe. Which means that the risk:reward of the 1hr timeframe trade is a lot better than what you would get in the daily. Now, you can do this with daily timeframe and 4hrs or even down to the 30 and 15 minute timeframes. Or you can watch trade setups in the 4hr but switch to either the 1hr, 30mins, 15min and 5mins for your trade entries. I often use the 1hr for my trade entries and can even go down to 5min timeframe for my entries. If you are new trader, stick to 1hr or 4hr timeframe for your trade entries. So when you trade in the 1hr timeframe (or much smaller timeframe) you can actually trade a lot more contracts without risking more because your stop loss distance are very small compared to the larger timeframe trade. For example, the stop loss for the 1hr timeframe trade is 20 pips but for the daily timeframe trade is 80 pips. Lets say that you have a 10,000 account and you risk 2(200) each trade. If you trade in the daily chart, that stop loss of 80 pips is roughly 800 so to keep your risk at 2 the amount of contracts you will trade will be 0.25. However If youve traded in the 1hr you can be able to trade 1 standard lot. This simple example explains why I wait patiently for trade setups to happen in the monthly, weekly, daily, 4hr timeframes and then use smaller timeframes to get good trade entries. This is the beauty of multi-timeframe trading using price action. Let me give one more example of multi-time frame analysisAs Im writing this book (the date now is 5 th of Dec 2014), I can see that EURJPY has been on an uptrend since July 2012 on the monthly charts and I can also see that there is resistance level at 149.115 which it hit already. This is the monthly chart: Now, lets zoom in on the daily chart and see what the price action is like on where the arrow is pointing (see chart below): Ok, I begin to see whats happeningso obviously, EURJPY has been rejected down on the 149.115 resistance level with the formation of the shooting star (bearish candlestick signal) but now, I can see that its going back up to test that level again. Two things can happen here: Price is going to hit the resistance level and head back down ( and I will be waiting for a bearish reversal candlestick there to sell when I see one). Or its going to break it and if it breaks it, theres a significant resistance level above it you can see on the monthly chart. Now, lets go down into the 4hr chart to see what is happening there as well So now you can see how I do my multi-timeframe analysis to get down a timeframe where I execute a trade at a very good price level or entry point whilst keeping my stop loss distance tight. Now, here the thing about larger timeframes: They cover up trading setups that are happening in smaller timeframes that could be really reliable trading setups. But when you switch back and forth between timeframes, you begin to see how you can trade the larger timeframes setups based on the setups that happen in the smaller timeframes. For this eurjpy setup above, Im going to be sitting down and watching it to see if I get a bearish reversal candlestick in the 1hr or the 4hr. its probably going to happen tonight in maybe 4-8hrs time but the price is getting close to that resistance level. I really dont like trading breakouts where I see the price has been overextend for a long period of time so even if this one breakouts to the upside, I will not be buying. I will be waiting for a pullback to buy, if that happens. CHAPTER 17: TRADE THE OBVIOUS I hope you have learnt how powerful price action trading can be. Now, not all trading setups you see will become winners. But heres the thingif your losses are small but your profits are large, you will always be in be out in front. Thats why trading risk management is important. When you are watching the chart for trading setups, you need see and trade the obvious. What do I mean by that Well, if there is an obvious pattern on the chart and you can see it clearly, then you should know that there are thousands of traders out there are watching the exact same thing as you are doingbecause its so obvious . Trendlines or channels or bullish pin bar forming on major support level, if you can see that, there are many that will be seeing the same thing. All these traders will be waiting to see what happens at these levels and say if a bullish hammer forms on a major support level, then guess what will happen next The most likely outcome of that is that as soon as the high of the hammer candlestick is broken, price will shoot up Trade the obvious How many times have you ever went over your chart and you are like: Goodness me I should have taken a trade here and look at how the market moved after that bearish shooting star candlestick was formed after hitting the resistance level. When you trade the obvious, then you trade with what everybody else is seeing and in essence you are really doing piggy-back, riding on the market move created by all these orders that puts the odds in your favour. See chart below for this: if you see a support major support level and price is heading down to it and at the same time, that support level is coinciding with an upward trendline What does this mean Thats Confluence buddy And then you see a bullish Piercing line reversal candlestick form right at the area of confluence. Are you going to be undecided about this price signal and pull up stochastic or CCI indicator to really make sure (give you confidence) you need to buy. NO need for thatJust Trade the obvious CHAPTER 18: CLOSING REMARKS Some things I have learnt: Levels are not lines drawn in concrete, they get broken . You see, the more a level is tested multiple times, sooner or later it will get broken. From my observations, 2-3 times is the average, after that, expect a breakout of the level. Dont listen to analysts . They can stuff up your decision making process and cloud your judgement. For example: I see a sell setup on my chart but because Ive read the analysts report that says he is bullish on this currency pair because of this and that reason . I hesitate to pull the trigger. Later, I check the chart and see that If I had sold, I would have made money. So use your own independent judgment based on what you see on your charts. Find your best timeframe to trade . Your personality, work circumstances etc may dictate what timeframe you can use. For me, I can trade from the 4hr, 1hr down the 5 amp 1 min charts because I use multi-timeframe trading. Yes, there will be people that will say You are crazy to be trading in the smaller timeframes like the 5min and 1minute because theres too much noise in the smaller timeframes. Yes, I know thatThe whole point of me switching to lower timeframes is this: to get better trade entries. You dont have to do that, thats my style . Thats what I like. If the bus leaves you, dont chase the bus In other words dont chase trades. If you are late to get into a trade at an optimal entry point and realized that you might miss out, then back off and wait. There will always be another opportunity or wait for a retraceretestpullback etc and then enter. Be patient for the right trading setups to form. If you are suffering from losing streaks, take a break . Take a week off from trading to clear up your mind then come back with a clear mind to trade. If you have winning streaks, dont get overconfident and risk more. You streaks of losses may be just around the corner. If youve enjoyed going through my price action trading course . please dont forget to share, tweet, like and link to it by clicking those sharing buttons on the left side of this page. I would really appreciate that. Thank you. If you could shed some light of the trading system you are using ( with charts 038 examples) of what you are talking about, maybe I can give you a proper answer. With multi-timeframe trading, the lower timeframe does not necessarily have to be in the same direction as the larger timeframe. If you are using price action, what you are looking for is the 8216SIGNAL8221 when the lower timeframe starts showing indication that price may potentially start following the trend in the larger timeframe. That8217s the time you take a trade with the ancipation that the lower timeframe trend will start turning to follow the main trend in the larger timeframe. You will notice that: (1) the main trend was up up on the daily timeframe (the larger timeframe) (2) switching to lower timeframe, 4hr or 1hr to wait there for sell signals (bearish reversal candlesticks) Based on this example, you can see that daily trend was up, even the 4hr or 1 hr trend was heading up as well. But the key to this whole thing was the 8220trade setup8221 that was seen many days before it happened. I am from India and has been a kind of active trader from last many years. From last couple of years i am into price action trading and finally the account is moving to a positive direction. Though most of the things you shared above. i was already aware of but still learnt few concepts that i think can provide an extra edge to my trading. A VERY BIG THANK YOU FOR YOUR TIME AND EFFORT FOR PUTTING THIS EXCELLENT MATERIAL IN A SINGLE PAGE THAT TOO IN A VERY DETAILED MANNER. As a token of gratitude i am sharing couple of very important and knowledgeable links with you. Please visit them whenever you get a chance 8211 HAPPY TRADING amp AGAIN THANKS FOR EVERYTHING. Hai Rkay Terima kasih telah membuat blog yang sangat sangat saya cari selama ini Sudah sekian banyak saya mengunjungi web dan blog forex, tetapi mereka hanya menjelaskan dasar nya saja. jika kita ingin mengetahui lebih lanjut harus membayar harga yang sangat tinggi. Tetapi disini dijelaskan sampai ke akar nya. sekali lagi terimakasih banyak atas ilmu nya.. Price Action adalah yang terbaik.. Maaf jika komentar saya tidak menggunakan bahasa inggris, itu karena saya tidak begitu faham. hahahaha Hi Hilman, thanks for commenting. Using Google Translate: Hai Rkay Thank you for making the blog a very highly I was looking for this I8217ve visited many web and forex blog, but they only explain its basis only. If we want to find out more should pay a very high price. But here described to her roots. sekali again thanks so much for his science. Price Action is the best. I8217m sorry if my comments do not use the English language, it is because I do not quite understand. hahahaha Hi Rkay I would like to ask for advice to you. for 5 months, I learned a demo account and start to profit consistently. I want to start a real account with an initial capital of 150, what is approximately lavarage should I use. and how many risks I use. I had been using lavarage 1: 200 and the risk of 5 of the capital. I hope you give advice and risk lavarage what should I use thank you Hi Hilman, you need figure out the answers to those questions yourself. If you are starting a live trading account with 150, the question needs to be asked: would you be satisfied with a 5 profit each trade Or even a 1 profit each trade If your trading account cannot support the contract sizes that would equate to the type of profits that you8217d like to see happening, then the chances are you are going to take a lot of risks on your 150 trading account to 8220meet that expectation8221. and that is something i cannot tell you what you should do. Leverage is totally irrelevant. How much risk per trade is.