Forex Price Action Strategy

The history of the Forex candlestick takes us back to Japan, pretty interesting, right? Candlestick charts go back as long as 500 years from now. Used by Japenese traders to analyze the price on the rice market. Off course techniques have developed and evolved and the candlestick was used by lots of other traders around the world. Now you know how and where the important candlestick was born. Price Action Candlesticks The western approval of the Japanese candlestick Forex charts was just 25 years ago. Step by step it gained popularity in the trading community of the USA. It wasn’t as well known before because people thought it was hard and complex to master the Japanese candlestick technique.  Candlesticks are the purest form of  Price Action  that gives us a visible view of what’s happening in the market. Signals at a candle chart are exactly the same as on a bar graph. However, candle charts tend to be more trustworthy and are more visual. Candlesti...

Technical chart analysis is the multiple patterns the chart shows and all forms of price action. Also the overall analysis and the movement of the market over a certain time period. A soon you’ve learned to master the price action and how to determine the price action. You are ready to make a benefit of certain movements in the market. Price Action is making the most of your trading decisions on a clean chart. Free of indicators and influences from the past. You could add the moving average for some extra help. Since Price Action reflects al variables of a certain market over a certain period with the help of price indicators as Stochastic or MACD. You won’t need all the other indicators since they simply just distract you. Only information you need to make a winning strategy is the raw movement of the market. Fundamentals of Price Action Strategy As told before, economic variables will move the market as well. Think of what I told ...