Price Action Forex -Why Forex Trading is Easy with Price Action?

[kashifrehman]

The biggest reason that i now i with price action we get many signals in a single session that make our entry point more easy and we can pick any to jump in and and same for exit. Trader who trade with price action they always concerned about quick move and if there is nothing quick in market thay they preger to wait.

[100c�]

every strategy work on only fundamental news, if no news then it will move in choppy prices. So analysis the right trend with the help of fundamental news then you can earn good profit with any strategy.

[kapil_chemical_07]

It is a good system. Indicators don't work in many cases. Because, indicators are able to analysis the data. They can not, read the news of forex market or stock exchange news.So, they can not take decision all time.It is a good post.I enjoyed it.

[elektra]

I think the most important thing for us to avoid losing in forex trading is neglecting our emotions and using stop lose is a must , or we'll see margin call several times

[Nabi Ahmed Gill]

Price Action Forex – Why Forex Trading is Easy with Price Action?



There are many answers to why PRICE ACTION is king in forex trading.
And why price action in fact is the easiest to trade with in forex trading.
Let me give you an easy explanation with the chart above.
In the pair above: Eur Gbp
It shows the pair in an uptrend.
And if we look into the pair, we can easily spot 5 price action entries for us to ride the trend and to profit on.
Price Action Forex – Why Forex Trading is Easy with Price Action?

Price action (blue box no. 1)
It is a pin bar as well as an bullish outside bar (in combination with the bar on the left hand side)
It is a good indicator for us to take it long with a buy order.
Price action (blue box no. 2)
It is another pin bar for us to enter a buy order had we missed the first pin bar.
This is also a confirmation pin bar to tell us that the trend is indeed going up.
So off it went…
Price action (blue box no. 3)
It forms a bullish outside bar. Look at the long green bullish bar wrapping the previous smaller bar.
Another good price action bar to tell us to take it long.
And so it went further…
Price action (blue box no. 4)
Price move sideways and to form another bullish outside bar.
This bullish outside bar indicates that price is possibly going to breakup from it’s sideways trend.
And so it did.
Price action (blue box no. 5)
Price went sideways again to form another price action pin bar.
Another indicator to state that it is going to breakup from it’s sideways trend to move further up.
Price Action Forex – Why Forex Trading is Easy with Price Action?

So you see, in just a pair. We can spot so many price action bars for us to take an entry long.
The trick towards trading price action is simple.
We usually take price action bars that is together with the trend.
So in this scenario, the pair is in an uptrend.
Therefore we only take price action bars that is going up.
If you look into the chart, you will see price action bars that points down.
Those are reversal bars. And we usually skip them. (unless you have enough experience, stay away from reversal price action bars)
And you will be glad you stayed away from them as you see, most of the reversal bars did not work out.
Price Action Forex – Why Forex Trading is Easy with Price Action?

So you see, forex trading is not difficult with price action.
The power of price action, in combination with a proper forex trading system, trading psychology & money management = Consistent Profits
Ezekiel Chew
Asia #1 Forex Mentor

very good posting ap na to mara jasa newbie ko boht achi information de ha ka kasa indicator main price moved karti ha or kasa up ,down hoti ha es laya main to ap ko yahi khaon ga ka agr ap na achi or best trading karani ha ap es indicator ko used karna or es indicator ko sekkna es k bad ap acha profit gain kar satak hoo.

[elektra]

Most new FOREX traders don’t take the time to learn what drives currency rates (primarily fundamentals).

[tomiko]

actually i'm on my research of an indicator. but many times i found that price action is simple, yet powerful. i'm interested with price action, but i think price action trader should spend more time to monitor the chart. what's your opinion? can i still use price action method, even i'm a swing trader?

[Mark]

Yeah,I think I have the same feeling with you there.It is the first time that I have learned the price action here.But I just wonder how will price action help us to analysis the forex trend so easily.

The example given by the TS is a condition that has past. Making it very easy to make a statement about how easy to determine the trend. I'm still waiting for input from the TS, for the present condition, is it still appropriate?

[xiaotanghao]

Thank you for sharing the knowledge to newbie like me. Once I noticed, Price action method that you write here, it's good for pairs of stable condition at a time. Though the price movement of the pairs is very dynamic. Is not it risky? I waited for further explanation. Thanks.

Yeah,I think I have the same feeling with you there.It is the first time that I have learned the price action here.But I just wonder how will price action help us to analysis the forex trend so easily.

[Mark]

Thank you for sharing the knowledge to newbie like me. Once I noticed, Price action method that you write here, it's good for pairs of stable condition at a time. Though the price movement of the pairs is very dynamic. Is not it risky? I waited for further explanation. Thanks.