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- DnBPriceAct replied Jul 5, 2015
If you can't read the market, then don't try to trade it. You should only trade what you understand. With experience you will be able to read markets better - but if you're a newbie then you should stick with what you know, especially if you're ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Jul 2, 2015
image Non Farm Payroll was released last session, 1 day earlier than normal to accommodate for the July 4th holiday for the USA. The impact of NFP was mild on some pairs, but no impact here on the GBPJPY daily chart. As a result of the indecision, ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Jul 1, 2015
image The markets are very dry at the moment, not really offering too much high quality signals. The major political events in Europe have the market in a holding pattern waiting for the final outcome. This hasn’t stopped the GBPCAD though, it’s ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Jun 30, 2015
There were some good 4 hour buy signals across the yen pairs after the weekend gap. Surprisingly the EURJPY did the best... image image I am not sure why the open price changed on the signal candle... weird. But that was a nice one - I didn't ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Jun 23, 2015
image The GBPUSD has been a strong bullish market this month, producing a very strong move higher without offering much in terms of correction. Price actually managed to break above a weekly resistance level and stalled above the level. At the ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Jun 18, 2015
image New Article: FOREX AFFIRMATIONS TO START YOUR DAY & KEEP YOU VERY DISCIPLINED
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Jun 15, 2015
image Over the weekend break we looked into a bullish rejection candle that formed at the close of last week's trading. This signal is in a bit of a 'dead zone' here because it is not reacting with any major levels and is floating between two ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Jun 11, 2015
Check out today's range signal on the AUDCAD image The AUDCAD just finished completing another cycle of the daily range here as bears pushed price from the range resistance to the range support. The market has given some clear price action that ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Jun 10, 2015
As anticipated the gold breakout of the range was a bearish trap and we've seen the market sling shot back higher. image The clue here was price escaping the range boundaries while gaping too far from the mean. There was also signs of bullish ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Jun 7, 2015
image The EURUSD sell signal spoken about above got a nice boost from NFP. This is a good example where you don't need to follow the news, the price action tends to hint towards which way the market wants to go for these news releases. I ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Jun 4, 2015
Did you catch the AUDUSD sell off from the mean? Lots of EUR weakness at the end of day close from last session... image Last session the EURUSD tried to push higher, but the push higher was rejected by the market and the daily candles closes as a ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied May 31, 2015
You just need to wait to see how price responds to the level. As I mentioned it my last post, this market looks over extended on the daily chart so we may see a mean reversion move before it moves higher again.
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied May 31, 2015
Hi aaz, thanks for your awesome feedback. We are very far away from the mean on USDJPY, but you are looking to trade against a long awaited breakout. We've been watching this chart for a breakout for about 6 months in the war room - the longer ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied May 28, 2015
Hey Sepramfx - It's Dale Woods* Yes I think usdjpy is due for a mean reversion - looks more likely today after today's Asia session rejection. Crude oil looks like it is resuming with it's downtrend... image Crude oil has been recovering after a ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied May 26, 2015
I am not really sure about going long there on the GBPAUD - I think the market is still trying to correct back to the mean. I am glad to hear that your USDCHF trade plan hit target nice work. You get a good level of satisfaction when you trade with ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied May 24, 2015
image Last week we finished off trading with a bit of a fireworks display as volatility entered the market over the chain of high impact releases from big group of central banks. The volatility leading into the weekend has caused some minor ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied May 22, 2015
The good ol' straddle maneuver. Good luck with it, just hopefully these news events fuel a breakout in one direction and don't whip price around like crazy and trigger both your trades. Always thinking and planning worse case scenario
Simple, Powerful and Effective Price Action Trading Strategies@sepramfx I ...
- DnBPriceAct replied May 22, 2015
It doesn't look very convincing at this stage. Look for strong 4 hour rejection candles. Here is one that is occurring on the AUDUSD market. image We’ve got a serious line up of new announcements from a few central banks this session which is ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied May 18, 2015
I am not in the oil trade. I was waiting for a breakout during the NY session when the Chicago futures exchange is open. I will consider taking any bullish breakouts this session that re-break the high of the signal candle during the NY trading ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied May 18, 2015
A nice setup I can't resist on crude oil for this week
Simple, Powerful and Effective Price Action Trading Strategiesimage Crude oil – a market many traders are intimidated by, including myself. This beast can be very hard to tame, as it’s known for it’s extremely explosive volatility. Having said that, I ...