EURUSD, H1, hammer buy trade
Contrary to stereotypes, popular with novice forex traders, Price Action is not a trading system, and, rather, trading style, based on some candlestick analysis patterns. Himself candlestick analysis itself is more comprehensive, and includes many techniques. Price Action is one such technique, and not the easiest, but one of the most effective.
Price Action trading is carried out using setups, or patterns. Patterns are candles a certain kind (or groups of candles), which signal a certain price behavior. Patterns perform the same function in Price Action, as figures like "double bottom" or "flag" in graphical analysis, or crossing of moving averages in the indicator.
However, the essential difference is, that Price Action setups demonstrate price behavior in the most "pure" form, without imposing additional tools or indicators. Many experienced traders appreciate Price Action precisely because there are no additional filters., That, in their opinion, only clutter schedule and confusing.
Is considered, that the most effective and truthful indicator is the price itself, and "price action" helps to identify the signals of this indicator in a form understandable for the trader.
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Price Action patterns
Many traders have lost their deposit, blindly trusting indicators. However, there is a proven method, which allows you to accurately predict price behavior without indicators and their lagging, or even completely wrong signals. These are Price Action patterns.
Price Action is one of the most popular methods, which allows you to predict, which way the price will go. The main advantage of Price Action patterns is, that they allow the trader to make a profit from each trade.
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Today we will talk about one of the best trading systems, what helps to trade on the Forex market. Let's say more - don't just trade, and also get a good reward for it. You receive this reward in the guise of good capital.. I.e, you can easily earn large sums by trading. This system is called Price Action patterns.. These are some kind of graphic models., as well as a number of instructions to them. Support and resistance levels will always provide assistance in trading profitably in one of the foreign exchange markets, namely — Forex, about which a lot is also known. The system allows you to do all this without any Forex indicators and other help elements.. It does without Forex systems and strategies.
Since decisions at the trading level are made by analyzing the Forex price chart, then the system gives you the freedom to choose. I.e, you are not dependent on any external factors, type of indicators or other. You can only use the moving average indicator. It will be an excellent choice in identifying the trend line., as well as resistance or support levels. This will be a huge support in all directions in this market at different times..
Whatever it is, but price action patterns are still very relevant today. And everyone can profit from all operations, which are embodied using Price Action patterns.
Now more about this. There are so-called Price Action setups in this system.. As for the term itself, then he is very famous, especially in trading circles. The word setap itself means zone, where he works trader. This work takes place on a price or indicator chart. The setup can open, and also close the position. Price and volume are those factors, who identify the setup. Setup and pattern generally very important things in market trading. They can be created and formed at different times.. Setups can appear in turn, in sequence. They always provide a great deal, as well as a large number of different opportunities in the trade market. Setups are formed more than once a week, and not two, and much more often. Much depends on the strategy itself, as well as indicators. But price action setups work without indicators or other help., but on your own.
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There are two types of setups in the Price Action system. Firstly, this bull setup, which includes two or more bars. These bars are almost the same. The price of one such bar exceeds the price of a bar, what's above him. Another setup is bearish. It's almost the same here, only the price at the close of another bar is less, than the price of the first. Price Action Setups Include Collaborative Bars, and there should be three of them. Considering Price Action patterns - rails are one of their main. It includes two bars, and they have different directions.
In a bearish setup, two consecutive bars have the same low.. May be, also three or more setups. The closing price of the last bar becomes higher than the high of the previous one. In no case should their difference be higher than three points.. The bigger the Price Action setup, the stronger the signal, which generates them. As for the second setup, then there are two consecutive bars, sometimes there may be three or more, whose maximum is almost the same, after the closing of the last bar, the price is lower than the minimum of the previous one. Well, also the difference cannot exceed three points..
Sometimes economic indicators accelerate market movements. Therefore, it is not necessary to analyze everything., think about it a lot and reflect. Forex trading is progressing successfully and Price Action patterns help in this.. It is this system that always helps in choosing points for entry and exit on the market..
Thanks to the technique of this system, as well as using Price Action patterns, everyone is deprived of any obligations and restrictions. That is, complete freedom in their actions., without indicators, advisors and trading systems. You will not worry about Forex brokers, and different nuances, which very often become an obstacle in the development of trade issues. Is considered, that Price Action tactics will serve for a very long time and will be relevant for a long time and will show us more than once, how to earn correctly and how much to earn.
Price Action patterns always wrap everything like this, that it is possible to get maximum income from the market with very low costs. The system itself is not complicated, but it takes practice. It takes work, and long working hours, to understand the very essence of this matter. Then the work will be really successful and you will be very surprised by the results.. After that, how can you figure out such a system, first, what you get is profit, which you will definitely like. You won't waste a lot of your precious time thinking about, how to make money on Forex, to develop strategies and analyze news from around the world from the world of economics. Ready strategy, which is considered a win-win, already developed. Without a doubt, we are talking about Price Action. Just a little practice and it's in your pocket.
Click the button, to go through a step-by-step guide to «Price Action patterns» and master the strategy in a few simple steps Learn "
That's why, if you are ready to make money right now, without spending a lot of time and effort on it, then the Price Action patterns are for you. As for the pattern itself, then he, first of all, very important, especially if it appears on large TFs, be it daytime, weekly or monthly. This pattern can also be found on smaller TFs.. Therefore, the noise in the markets is created by intraday Forex charts., and also reduces the importance of the market.
Price Action patterns are formed from three candlesticks, the last of which is a continuation of the previous. This pattern is moving in the direction of new trends in the modern market.. As a matter of fact, bars, from which the figure of technical analysis is created, must perform several functions. First, this is the movement of the pattern. This candlestick works mainly for the market., according to new standards. Second, this is a small candle, what the state of the market shows. Therefore, its name consolidation Forex. And of course, the third candlestick acts in step with the trend, the name of which is also the movement of the pattern.
To best understand this system, you should study all Price Action patterns in pictures. It will be much easier, yes, and your brain will perceive this information much faster. On the picture, or the graphic shows everything in detail, and it is very easy to remember.
Speaking in general, then Price Action system is one of the most effective trading strategies. She not only analyzes everything, even prices and patterns, but also gives a chance to make great money. Assesses the general mood of the participants in transactions and the market situation. In addition, the Price Action patterns determine the success of the next operation.. Then it becomes clear, how is the market going. That is, strategies from Price Aсtion predict the direction and movement of the price, the price in the market falls or rises. Well, when exactly is it better to start a business in a trending market.
You can use other strategies as well., in which indicators are required. As a result, you happen next. Firstly, you yourself understand, what will happen, seeing signals from the market, and these signals will give you a sign that, that a reversal in price movement is possible. Secondly, you just let it go, let the trend line reverse on its own and just, you will observe, what do you lose.
And after that, how the market turned, the worst could come. The market just absorbs all this profit for itself, leaving nothing for you. After that, you get frustrated., but at this very moment you want to continue the fight, whatever she was. Then you start to think, that next time you will definitely succeed, but this is far from a fact. Even for those, who has been working on Forex recently, irreparable may happen, therefore, you should always use only the most powerful strategies, with minimal yaw for you. Price Action patterns, as already mentioned, this is one hundred percent system, which allows you to earn almost a fortune, only without indicators.
Click the button, to go through a step-by-step guide to «Price Action patterns» and master the strategy in a few simple steps Learn "
Price Action is not only a system, working one hundred percent, it is not only a new strategy in the Forex market, but also the main method of earning, which works according to its own rules and tactics. Price action setups and price action patterns - then, what does this Price Action technique consist of?. Many traders from all over the world know about this technique only with the help of Price Action setups and patterns..
You can study them and learn more about all the price action patterns in pictures., which will give your head complete clarity, and you can very easily figure out this strategy. These pictures of Price Action patterns and setups can serve as a cheat sheet for all occasions in the world of market trading..
Now about the price of Price Action. If you study the price, then you will then be able to find out the latest news from the market and study the market responses. Studying the price behavior then will turn out to be good for your profit in the future, so you will receive signals. They will match the price behavior now, and not later, or sometime. If your thoughts are focused only on the price and its movement, you can forget about the news of the economy, how other Forex strategies and systems do it. Price action allows you to do something, what other strategies do not allow. Then you will act like a confident Forex trader, without any intervention and circumstances. This skill will help you become an expert in this matter and get very good money for it..
The problem with indicators is, that they are late for real data. This is why using them is not effective.. For successful trading, you need to trade based on events, which are happening right now.
Firstly, you need to use an economic calendar to track economic data. Nice calendar on https://ru.investing.com/ и https://www.forexfactory.com/ . By the way, I advise you to read how to use the economic calendar correctly.
So here, purely statistically, I found, that trading during the release of important news is more profitable and mathematically justified. At this time, there are more opportunities to make good profits..
Because banks and other financial institutions pay millions of dollars for analytics. And it allows them to make an educated guess about upcoming economic releases.. And these assumptions are included in the current price before the release of news releases..
If a candlestick formation is forming before important economic data is released, it may be familiar, that large financial institutions are preparing to close positions. Therefore, if the price action indicates the need to short, this can be perceived as a strong signal.
But there is a number of economic news, at which I do not risk trading:
Important political meetings also have a great influence on the market.. For example, G7 and G8 summit. The reason for their influence is simple. Country, included in the big seven and eight, are key players in international economic relations.
In general, most of the news can be ignored.. Only one thing, what i don't do is not enter the deal, when the signal to enter the market is based on some strong news. Usually, after big news movements the market is still recovering, so if there is a signal to enter, I ignore him before important news releases.
Here's a simple price action strategy.
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