Hey Guys! Here's a simple explanation of Price Action Trading! In its very essence, Price Action Trading is about letting price tell you where it's headed in the future. No indicators or fundamental analysis. Just price alone will do. But in order to know what price is telling you, you must first learn "how to read price". Think of this as a language. Just like...
Backtest of the rvi indicator on eur/usd for you to look at
Check out this handy video where I explain a new method of trading the E Wave when using the AriasWave methodology. This applies to the E Wave in the DOW as well as the EURO. And of course any E Wave you come across. Check out those related ideas below. We want to ensure we take the emotion out of trading and keep the risk low on a consistent basis. I will be...
Previous sell trade got break even. In this week we took a long first then a short. Our long position stop reached but short position is still moving.
This is not meant to be a signal or a trade idea! This is a long term analysis of Eur/Usd using a Weekly Time Frame With A Line Chart. So as you can see, Price broke Support and Came back up recently to Retest WEEKLY SUPPORT NOW TURNED RESISTANCE..... This gives me the idea that the EXTREME LONG term bias toward Eur/Usd will definately be down into the next major...
A trading system is a set of trading strategies for different phases of the market, or one strategy with a complex way to support transactions. Trading strategy is a trader action plan. The structure of the trading system: 1. The choice of a currency pair for work, or several currency pairs. 2. The choice of timeframe for trading, or several. 3. Trading...
Hi Swing Analysis according to G.W.T. are the best in predicting next swing direction. Price by its self will show us where need to go. Going from Daily trough H4 down to one-hour chart you can very easy see how clear and simple is to predict direction of the next swing and trend direction. Also pay attention to Momentum – power behind price movements. No...
PART 1 Are you tired and exhausted of finding a strategy that works, are you tired of predicting forex markets only to find out sometimes it works and sometimes it doesn't. First of all, you have to see what are your beliefs and you need to verify if you have right beliefs. Many traders think that forex trading is not gambling and to make money from forex you...