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Priceactionstrategy

Price Action Lesson: The Basics of How to Read Price Part 2Hey Guys! As you guys know the current NZD/USD daily bias is short. Or in other words, price is likely to reach 0.6591 before reaching 0.6731. So on my last post, I mentioned I took a short entry at 0.6722 with a stop loss at 0.6591 with its main target at 0.6591 for the time being. In this Price action lesson, I just wanted to briefly explain how I read price in order to take the short entry yesterday. Moreover, why I was able to take the short position "comfortably" even though price pulled back to 3 pips to the stop loss level. That's it! Have a great day guys! Ken Disclaimer: This is not Personal Financial Advice.
Education
by TradingForexPriceAction
1
Price Action Lesson: The Basics of How to Read PriceHey Guys! Just wanted to put up a quick Price Action Lesson on How to Read Price. I demonstrate this foundational element of reading price with a current eurjpy short trade I'm currently in. The Key point of the lesson is simply: Directional movement of price is irrelevant when it comes to reading price. What's important is "How Price Gets from Point A to Point B". So even if price moves up, if there is no signs of strength in the same direction, that move up will be unsustainable. Moreover, this foundational way of looking at price movement is what allows a trader to always be one step ahead of the market and thus not chase the market. Ok! I hope this helps guys! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Education
by TradingForexPriceAction
1
1-Hour Order Block Madness On GBP/USD. 2 Order Blocks Hit TargetHappy Wednesday! Today we are looking at 2 order blocks that played out yesterday. OB 1) – Yes, I know it sounds like star wars haha! We can see that the order block zone ( Highlighted in yellow ) was an area of interest and used for liquidity as our entry perfectly sniped. I always like to place my pending order at the 50% halfway mark in the order block zone. Price came up and indeed pierced into this zone before pushing down again. The target was the previous support below which coincidentally gave way for our second OB. This gave us an RR of 1 / 4 OB 2) Highlighted in yellow – Gave us a RR of 1 /4 You can see how these order blocks were like ping pong. It bounced from the second one below into the first one, back down into the second one, sniping the second long entry and going back up to the second target. *NB, these do not always play out like this. It’s about finding price structure that has been broken correctly and trying to attain if the area of interest is at a place where the price needs to come back to push the price further in the opposite direction. Market makers take advantage of every retail trader like you and me all the time. When we learn how to follow the money, we can start to see these patterns form. They don’t work all the time, but when they do, it can be a great strategy to adopt and use ( only once you’ve backtested it to see what works best for you. Have a great day. See you in the next one.
by TheVortexTrader
1
GBPCAD: Trend-Following Trading Plan 🇬🇧🇨🇦 On today's live stream we discussed GBPCAD pair. The pair has recently violated key daily structure support to the downside. Retesting that the price started to coil within a narrow horizontal trading range on 4H. To catch a bearish move, wait for a 4H candle close below the support of the range. Then sell aggressively or on a retest. Initial goal will be 1.6865 In case of a bullish breakout of the resistance of the range, the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
19
LTC/USDT is finally in UP TREND !!! On the LTC/USDT chart, I see a red important area of daily support and also a green area that shows daily resistance. We also see the broken trend line H4 and now the broken trend line from chart D1. In addition, the green trend line from the H1 graph shows us that the current trend is UP TREND, so it is advisable to switch to lower time frames and look for a suitable entry into the position. We will only enter the position if all the conditions of our Price Action strategy are met. Thank you for your attention. Alex_UCT
COINBASE:LTCUSDLong
by UltimateCryptoTrader
2
ETH/USDT finally in UP TREND now.I found today's setup on the ETH / USDT pair, where an uptrend has finally formed and therefore we have a chance to look for a suitable place to enter the Long position. The current price is under Point Of Control, which is the current fair price, so we have another reason why the price could go up. We are always looking for a suitable place to enter on a lower time frame and we enter based on the conditions of our Price Action Trading Strategy. Have a nice day and Happy trading, Alex_UCT
Long
by UltimateCryptoTrader
2
LTCUSDT : Trading inside current triangle. Our today's Academy setup is found on the LTC / USDT pair. On the time frame H1 we see a nice triangle and also the current trend line inside the triangle. If this line is broken, the price will test the bottom line of the triangle. Otherwise, when the price respects the trend line, we can go in the direction of Long. However, we determine this on the chart in the lower time frame, ideally M15. More information will be shared with our students and followers. Thank you for your attention and have a nice day and Happy trading. @Alex_UCT
by UltimateCryptoTrader