Monthly Archives: March 2013

Recent False Price Action Setups and Pin Bar Reversal Forex Trade Setups

Hey Forex Traders, price action with candlestick patterns I just wanted to point out some nice trades that had formed recently on the EURUSD and GBPUSD. Below are some charts with classic examples of some of my price action trading strategies that I use on the 4 hour and daily charts.You will notice the clean simple chart, with no indicators (pure price action). The charts show my “false price action setup” and “pin bar reversal setup”. The current market conditions (at the time of writing) have been “perfect”. If you can’t make money in the current market then you won’t ever make money, this current trend is a “gift”, trade it well.

Pin Bar Candlestick Forex Trading Strategy

An Explanation To The Pin Bar Forex Trading Strategy and How to Trade It Effectively 

pin_bar_candlestickThe pin bar formation is actually a price reversal pattern consisting of three bars. Once familiarized with pin bar formation it is apparent from looking at any price chart just how profitable this pattern can be. Let’s go over exactly what a pin bar formation is and how you can take advantage of the pin bar strategy in the context of the Forex market.

What is a Pin Bar?

The actual pin bar itself is the middle bar of a three-bar formation that can be found on any stripped down “clean forex charts analysis” bar chart or candlestick chart. We will cover the candlestick pin bar formation after our discussion of the pin bar formation using standard bar charts. Many people prefer the candlestick version over standard bar charts because it is generally regarded as a better visual representation of price action.

Price Action Chart Patterns: Pin Bars, False Breakout, Inside Bars

Trading forex sometime is complicated enough. But with identifying true or false price action breakout pattern we can know what exactly market will go. And for sure economic news is still in play before we made or take decision to entry to forex market. And don’t forget to remember we’ve to using our lot management with wisely. And here some price action tutorial below that we can learn together. 😉

Introduction To Price Action Forex Trading Analysis

price_action_biasToday we’ll learn about what exactly definition of price action forex trading analysis. Using price action forex trading analysis is almost called “how to read market movement only from clean charts forex“. You can analyze forex market, option or gold spot or any thing using this forex clean charts strategy based on price action only. Just remind accurate price action analysis only on at least four hour time frame and executed it on one hour time frame. No need any indicator again, but you’ve to find which HH (Higher High), HL(Higher Low), LH (Lower High) and LL (Lower Low). At the end this parameter will be exactly level which you best to trade with. At the end will know what exactly price will go.

Price Action Strategy To Get Steady Profit From Forex

price action forex strategy tutorial

Price Action Forex Trading Strategy

Today’s education will focus on some price action trading rules. The most important thing in any type of trading is to have a solid set of rules and then to have the self control to follow those rules. Forex traders has a job to look for low risk and high reward price levels to short at. As we know price action is a basics trading concept of trading forex. With price action we can identify trend are begin and changing. Especially if we used daily charts in our first variable analysis.

price action forex strategy works

Dragon Trading Method

Another scalping method is dragon trading method. Sometime in our head give a question about how much money can you make with scalping strategy? it’s normal right. So, from this question, i’ll share some forex trading scalping strategy that can be used in sideways market and never using this scalping strategy when there are many big economics news release. This scalping mmethod just little bit similar with inside bar trading technique. This dragon trading method only using high low close from marubozu candlestick. But little bit different because using high low from previous marubozu it self. Remember still use a strict money management in using this dragon scalping method.

dragon_scalping_method_h1

Averaging Forex Strategy On Sweet Spot Strong Reversal Area

secret forex averaging strategy
Forex averaging strategy is very good strategy if we can identify a strong reversal zone as our averaging area and use tight money management. Why? is because several open positions places with some difference pips at reversal or swing level area or some traders said as support resistance zones. A lot of forex traders using this averaging forex trading system in getting minimum risk and get more profit more fast. But averaging need high laverage forex account at least 1:500 and a good forex brokers with low or fix spread of course.

The key of successful averaging forex strategies is zone that we’ve used to averaging our open orders. If we wrong in measure strong reversal level, our forex account get margin call so stop loss in always needed. But, if we know the limits to put stop loss it will be safe. So, how we measure non lagging area with highly accuracy ? as a forex traders we have to research some strategy to get this “gold” area which have at least 80% accuracy or even 90% accurate signal right?. Actually there are many a good forex strategies to read this strong level zone as reversal area. We can use pin bar confirmation forex strategy, fibonacci reversal levels combined with japanese forex candlestick reversal patterns, forex breakout chart pattterns strategy or only using support resistance level. Based from our research, these four based forex indicators as our reversal area are good enough as long measured from H4 time frame at least or daily tf more better. On this article, i’ll share only based from wick of valid forex pinbar strategy, forex breakout chart patterns strategy and support resistance level as our averaging open orders area.

Moving Average Convergence Divergence

As we know moving average convergence divergence is easiest way to analyze forex market with fast and simple. The Moving Average Convergence-Divergence (MACD) indicator is one of the simplest and most effective momentum indicators available. The MACD turns two trend-following indicators, moving averages, into a momentum oscillator by subtracting the longer moving average from the shorter moving average. As a result, the MACD offers the best of both worlds: trend following and momentum. The MACD fluctuates above and below the zero line as the moving averages converge, cross and diverge. Traders can look for signal line crossovers, centerline crossovers and divergences to generate signals. Because the MACD is unbounded, it is not particularly useful for identifying overbought and oversold levels.

Trend Lines Breakout System

trendlines-forex-strategyForex trendline breakout trading strategy like this are always in great demand. It is quick, easy and with a proper use has a true winning rate of over 80%.Pair: GBP/USD, EUR/USD – tested. Other pairs may also be used.
Time frame: 1 hour.
Indicators: none.

Sometimes Expert Advisor Is Very Helpfull To Get Fastest Way On Entry And Exit Level

breakout bollinger bands expert advisor Thinking about using automated forex trading software ? yes the answer is forex expert advisor, that’s have smiley face on right corner on metatrader 4.0 platform. Yes, its true expert advisor sometimes is very helpful, almost all forex traders ever using this automatic forex trading software. Forex ea can works 24/5 in our forex vps or only using semi automatic to close all open orders which only profit positions or closing all floating open orders based per symbols, close all open instant orders or even for only close all pending orders (i have this close all forex ea by the way). Expert advisor is mql4 script language but more little bit complicated because they have composition of specific logic and of course based specific logic from forex indicators or even based from manual trading system that works and tested so a forex traders convert the forex strategy in to automatic forex software that people called it as forex expert advisors. There’s many advantages from this kind of script or forex ea that you can read on google. But at the end, human analysis using multiple time frames based japanese candlestick patterns still the great ways to get consistence profit in this “crazy world of economic market”.