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- DnBPriceAct replied May 13, 2015
image There has been a lot of strong price action on the New Zealand dollar pairs this morning after the reserve bank of New Zealand made some statements right on the New York close. The market picked up with volatility straight away impacting all ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied May 7, 2015
image The markets have been a little crazy this morning, some of the European currencies like the GBP and EUR have moved sharply only a few hours into the new daily candle – which is abnormal. I believe the markets are reacting to the elections ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied May 6, 2015
Just to follow up on the EURUSD... image Last time we looked at the EURUSD market we spoke about the high chance of a pending mean reversion move from the resistance level. We did see a bearish mean reversion, but the move wasn't violent like they ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied May 4, 2015
Trend trades are not around much at the moment. We've just seen a lot of aggressive corrections so for me at the moment it's all about catch the reversion to the mean value, that's all there really is at the moment. Mean reversion setups are best ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied May 3, 2015
Thanks very much mate, I am happy to hear about your success
Simple, Powerful and Effective Price Action Trading StrategiesAt the close of last week the EURUSD left us with a hint of a potential mean reversion next week. image EURUSD along with a few other major pairs exploded higher last week thanks to ...
- DnBPriceAct replied Apr 28, 2015
I think yes there is going to be a very strong breakout once this price wedge consolidation is broken. It's been a common pattern for the USDJPY in the last few years. Price squeeze -> Breakout -> Price Squeeze -> Breakout All have been to the high ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Apr 25, 2015
image At the closed of last week this market dropped a nice beefy looking bearish rejection candle. The EURGBP daily chart is obviously moving downward, just recently taking out an important support level and now stepping through lower highs. ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Apr 23, 2015
Anyone who watches the US stock index... image Looking over at the big US stock index today – the S&P I am eyeballing this bullish rejection candle that demonstrates price is respecting the rising trend line on the daily chart. I don’t use trend ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Apr 21, 2015
Definitely Sepramfx, There is a large bearish rejection candle sitting there now pointing towards lower prices. A mirror images of what's going on with the USDCAD right now. image url
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Apr 16, 2015
You're mixing up two different posts. That post you are talking about is putting an idea forward that failed trades could be used as a trade signal themselves. As you can see as the bearish signal failed, a large bullish move was born that could ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Apr 15, 2015
Yes that market looks very buoyant above the mean value - and we could see an inside day breakout up to that level you highlighted. Good luck with that trade
Simple, Powerful and Effective Price Action Trading StrategiesLooking at the USDCAD also, big price event - daily range has been busted. image ...
- DnBPriceAct replied Apr 12, 2015
Nice result on the EURUSD posted earlier... image After the initial breakout trap & reverse trade, the market went back up and re-tested the resistance level. This probably would have freaked out a lot of traders short here, but for those who did ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Apr 6, 2015
image In the previous commentary, we highlighted a bearish rejection candle that didn’t work out – despite how good it actually looked. A reminder that even the best looking setups can fail. In TheForexGuy forums and in the War Room, we've been ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Mar 30, 2015
image Last week we looked at the EURAUD daily chart where a bearish rejection candle formed off a resistance level. The bearish rejection candle did have a strong anatomy, featuring a large bearish body. It also aligned itself with the overall ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Mar 29, 2015
image Looking at the charts to kick off this trading week and noticed a bullish swing trade opportunity on the EURGBP while doing a weekly commentary video. This setup looks ‘text-book perfect’ as old high now hold as new support. Price has ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Mar 26, 2015
Yeah it's always nice when you see strong weekly signals to back up your daily trades. Just some food for thought for the EURUSD to finish off this week... looks like resistance is holding and the market may sell off from this bearish rejection ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Mar 26, 2015
I haven't had much to talk about lately with the markets being so churned up. Most major pairs falling into violent consolidation... image I also missed a good trade on the GBPCHF... no retracement entry... image
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Mar 19, 2015
Well the fed really destroyed the USDCAD chart last session, that one was definitely a wipe out. I usually advise traders to only take breakouts on USDCAD in the New York session since both currencies are from active economies in that timezone. ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Mar 18, 2015
image The markets have been very slow to kick off this week, Wednesday is usually a good mover. The market seems to be hanging out for the FMOC statement, which can generate more volatility than NFP at times. Due to the quiet trading start to the ...
Simple, Powerful and Effective Price Action Trading Strategies
- DnBPriceAct replied Mar 12, 2015
EURCHF looks very flat on the daily chart, but indeed we could see a breakout from those Inside Weeks. But I generally like to play my signals from the daily chart. I wouldn't be too keen on trading against the trend on USDJPY, you may catch a ...
Simple, Powerful and Effective Price Action Trading Strategies