Skip to main content

Forex Price Action Strategy – The Forex Scalpers


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 you about fundamentals.

Movements like this are clearly recognizable. Just for the fun of it you should look up the chart of GBP/USD. Around the Brexit Referendum, you will see a clear drop in the value of the GBP.

Price action analysis make use of the overall cure price data. That’s why this strategy could be used on every trade at the financial market. Before Starting Price Action strategy make sure you start with a clean sheet. Remove all other distracting indicators in the past.

Price Action Strategy

There is a big difference between charts with indicators and charts without. Example underneath will show you the difference. Take a look at both charts and tell me which one looks easier to analyze? Also charts with lots of indicators won’t give you more information. They only give you distracting information from the past that you really don’t want to know.


Comments

  1. John Lucas16 December 2019 at 22:35

    Great blog post! Price Action is making the most of your trading decisions on a clean chart. If you are ready to make a benefit of certain movements in the market then take simple forex trading course for beginners.

    ReplyDelete
  2. Sadhana18 June 2020 at 04:21

    I liked the way you explained the subject. Really, your blog has a lot of stuff. Thank you for sharing such valuable information with us. We also provide such information to Audience. You can also check our blog at once for more information.
    Montecarlo Ltd
    Forex Charts
    international trade
    Happiest Minds Technologies

    ReplyDelete
  3. Dariya2 July 2020 at 02:27

    Nice article thanks for sharing such a valuable information with us.you may also check our blog for more information
    SBI Mutual Fund
    SBI FMP-Series 23
    CRISIL Medium Term Debt Index

    ReplyDelete
  4. Dariya23 July 2020 at 05:19

    Hey...Great information thanks for sharing such a valuable information
    ITI Mutual fund
    ITI Arbitrage Fund
    ITI Arbitrage Fund
    Nifty 50 Arbitrage Index

    ReplyDelete
  5. Dariya7 September 2020 at 03:18

    Exlent post !I am very interesting to read your blog content.Thanks for sharing.you may also check our blog P&G Hygiene & Health Care Ltd

    ReplyDelete

Post a Comment

Popular posts from this blog

Importance of Price Action Trading in Forex

Forex Trading in price action is a method of financial market speculation which relies on analyzing the movement of basic prices over time. Anything which influences the market and makes it move, from news and economic data to major players such as hedge funds and banks, is expressed on a price chart by the raw price action. There’s a lot of ways traders can take advantage of market-price action. Various types of technical analysis such as Supply and Demand, indicators, support, fib retracement, etc. It can be used as a way to define changing price behavior. It helps FX traders in periods of heightened uncertainty to search for trading opportunities. A Market trader using price action strategies should aim to analyze the market in order to make informed trading decisions about current and probable price changes. The trader examines the relative size, shape, volume of the bars on a high-low open-close chart of bars or  candlesticks chart , beginning as easy as with a single bar,
7 comments
Read more

What is Price Action Trading?

In Forex all price movement comes from buyers and sellers. When the price action trading goes up It is because there are more buyers than sellers and vice versa. The Foreign exchange market is in a state of constant battle between buyers and sellers. Trading in markets includes analyzing who owns and controls prices, buyers or sellers and whether they are likely to remain in the trade. Study of the price action was first developed by Charles Dow, who formed the basis for modern technical analysis. It has already been amazingly developed and improved since its inception. Knowledge of price action allows you the extra edge you will get over the profit line. That’s one explanation why so many forex traders are involved in using a  price action strategy  as one of their main trading decision-making tools Because price action isn’t predicting the future like many others indicators that never lies; this will tell you how the market will behave in different time frames and volatility p
Post a Comment
Read more