Most Popular Forex Posts

Why 95% Fail In Long Run ?

 

 >>   Is Forex Price Actions Really More Powerful & Accurate ?

 >>   Riding The Major Trend Strategy On Aud/Usd  ( 289 Pips )

 >>   Double Top Combined With Trendline Strategy On GbpChf

        (  925 Pips )

 >>   Long Candle Breakout Strategy On Gbp/Jpy  ( 287 Pips )

 >>   Do You Even Have The Intention To Succeed With Forex ?

 

 >>   How I Teach Students To See HIDDEN DANGERS ?

 

 1)  Read This First

 

 2)  Why SO IMPORTANT To Keep A Trading Journal ?

 

 3)  Why Are You Always Late & Wrong With Trend ?

      

 4)  When You STRUGGLE when Account Is Small ?

     

 5)  Is Using Stop-Loss Really Protecting Your Capital ?

      ( HARD TRUTH ! )

 

 6)  Be " Slightly More Patience Instead " & Win More !

      ( Simple Yet Effective ! )

 

Archive for the ‘Forex Trading Strategies’ Category

What Exactly Is ” Science Of (Pure) Forex Price Action Analysis ” All About ? ( Part 2 )

What Is Exactly ” Science Of ( Pure ) Forex Price Action Analysis ” All About ? ( Part 2 )

Ok , in this article ….

I shall share another ” Pure Forex Price Action Analysis ” for You to understand on

and it is slightly different from the Part 1 shared previously

( as it involved a ” Special Price Action behaviour ” that No other traders or gurus know about )

Let’s say one day after my gym workout

I scan though the many different charts to see if any ” FX Pair’s PRICE ACTION “

is CALLING out to me  or not

( to go in and GRAB some valuable Pips from it…of course )

and I actually saw such ” Price Action ” from a certain FX pair:


One thing I am VERY SURE here

that is :

1) For those ” Technical Indicators ” kind of traders

as well as

2) those who have NOT ” Master The SKILL ” in DECIPHERING DIRECTLY

from such RAW PRICE ACTION

those RAW PRICE ACTION shown on the chart above

they either mean :

=> ” No Trading Signal at all

OR…..=>  it is merely a ” Sideway Market

OR…..=>  simply ” No Meaning at all ” for majority out there

Of course for A ” Super ( Well ) Trained PRICE ACTION MASTER “ like me  ( *ahem*……)

the RAW FOREX PRICE ACTION in there are basically calling out to me saying this :

” Aaron, Please come in and GRAB Some Valuable Pip and $$$$$$ NOW ! “

Don’t understand WHY right ?

It’s ok

Read on and You will get to undestand what I SEE too !

Now look at the SAME Chart again below

( with Horizontal Yellow Lines Plotted this time round )


LEFT WAVE DOWN ” Vs ” RIGHT WAVE UP

Now……Carefully ” Compare ” them

saw anything ” Special ”  too ?

Notice anything SPECIAL about the  ” Behaviour of the PRICE

=> for the RIGHT WAVE UP ?

How ?

Can SEE anthing ” Special ” at all ?

It is Perfectly Fine if You can’t ( now )

as You have NOT Master the ART of ( RAW ) PRICE ACTION reading yet ….

that’s why You found Your way to my Forex Price Action Strategies’ site today

because You are all ready ro learn more about that……right !

Ok….let me share with You WHAT I SEE in there

so You can understand and learn too

( This sentence below simply SUMS UP what I SAW ) :

=> The RIGHT WAVE UP was EXACTLY ” MIRRORING ” the LEFT WAVE DOWN !

With just one SIMPLE GLANCE on those ” Yellow Horizontal Lines “ plotted

it is very clear that the RIGHT Is ” MIRRORING ” the LEFT

agree too …right ?

At this point, I know what most of You would be WONDERING ON

( obviously, because You do NOT have the same 8 Years+ of Trading WISDOM

that I accumulated till date ! )

that is :

—————————————————————————-

1st Question MOST of You guys Would Be Wondering On :

—————————————————————————-

Why is the RIGHT PRICE ACTION ” MIRRORING ” the LEFT PRICE ACTION

( Even MORE of YOU GUYS would be Wondering on this ” 2nd Question “ ! )

——————————————————————————————–

2nd Question That EVEN MORE of You guys would be Wondering on :

——————————————————————————————-

2) How to Know whether to BUY OR SELL  in order to take advantage of that ?

( My Answers for You ) :

You see

sometimes after a certain BIG INSTITUTION or BIG BANK or BIG FUND

has already made their ” MOVE ” on a certain FX Pair

and the pair has HIT the ” 1st  Price TARGET ” they wanted

they would then ” Stay Put ” there

WHY The NEED To ” STAY PUT THERE ” ?? ( You might ask….)

That’s because they are NOT SURE if…

they ” Should Continue PUSHING In THE SAME DIRECTION…or not ” !!

Because there are a few ” Major Fundamental News ” concerning the Fx pair….

they are involved with => that are yet to be ” Released “

Hence without KNOWING the ” Actual Results ” of those NEWS

they would NOT know ” Is It Worth Pushing The SAME TREND FURTHER ” !

That’s where they would just trade in a ” Sideway ” manner

and normally they would rely on a ” Computer “

to help BUY AND SELL ” Automatically ” for them

( according to the Pre-Assigned Price Points being

programmed into those super computers !)

…..all the time => keeping the Overall Pricing in a ” Certain FIXED RANGE ” !

Yes….which is how a Typical ” Sideway ” market is formed !

And for this case that I saw….

( the RIGHT PRICE ACTION is ” EXACTLY MIRRORING ” the LEFT PRICE ACTION )

….the ” VAST Experience of Mine ” accumulated for the past 8 Years+ relying on NOTHING else

but ( Only ) RAW PRICE ACTION to trade

simply tells me that this pair that I am EYEING on now…

=> it is ON such a ” Super Computers Helping To Buy or Sell MODE ” …NOW !!

Which literally explains why the ” RIGHT is MIRRORING the LEFT ” !!

Hence , my ” Vast Experience ” has TAUGHT me that

I can ” SELL ”  to capture this Potential DOWN-MOVE :

When can You look for such ” ( Special ) Price Action Behaviour “

( created by the ” Super Computers Helping To Buy or Sell ” Mode )  ?

From my experience, such ” Special Mirroring ” kind of Price Action

would most likely occur BEFORE any ” Major News ” release

When I said ” Major News ”

I mean those ” Super IMPACTFUL ” ones

such as Jobless Claim Results ?

such as CPI ?

such as Interests Rate ?

such as  Monetary Policy ?

You get the idea by now …am sure

Ok one last reminder before I pen off today

that is :

IF You are currently exploring on How To Trade Forex Using Price Action Analysis

and the kind of Price Action Strategies that You came across

were actually ” NOT AS SIMPLE AS ” the ones I shared with You here ( and in Part 1 )

then NO POINT learning from that website at all

Because ” TRUE PRICE ACTION WAY TO TRADE ”

should be => ” Simple + Only Relying On LOGICAL REASONS from the market itself ”

We want our Forex Price Action Strategy to be Simple……

=> because this entire FOREX trading game is already ” Very Complicated & Stressful ”

what for we want to rely on ” Strategies ” that would ADD MORE COMPLICATIONS

& STRESS for our trading process

right ?

That would ONLY cloud our ” sound Judgement “

as well as IMPAIR our ” Usual Logic Capability “

and DETERIORIATE our Trading Performance in the long run !!

ALSO

if they claimed theirs are PRICE ACTION strategies

make sure You see if the strategies are also based on

” Logical Reasons ” from the Market ITSELF or not

else…..NO point trusting those strategies

as 99.9% of the time, they are FAKE ones

with their main intention is to LURE ” Naive Traders ”

into buying either their Services or Products !

Do be really REALLY CAREFUL of such ” Unethical tricks

used by alot of FAKE GURUS out there !

If in doubt, You can email me for advice !

Always remember this ( Little – Known ) FACT about the Forex Market :

It is a ZERO-SUM game

majority 95% only LOSE MISERABLY eventually

because they were trading like the ( Losing ) MAJORITY …..right the very start

they were also relying on the ” OBVIOUS ” things in the market to derive their bias

and with any financial market

OBVIOUS => Already TOO LATE !

Now that You have read through the 2 Forex Price Action Analysis I shared

You can certainly agree that I am NOT using those ” Obvious HINTS ” at all

right ?

But YET……they are so ” Effective ” – Proven !

Alright , I shall not go on anymore

else it would be SUPER-LONG

and I know most don’t like to read VERY LONG article !

Thank You for reading this far

Feel free to email me if You need to ask anything Forex Trading related

To Your ( Real ) Forex Success + Financial Freedom,

Aaron Tan ( your trading friend )

What Exactly Is ” Science Of Forex (Pure) Price Action Analysis ” All About ?

One thing for sure

We are all involved in this Forex trading game

because we WANT to make a NICE INCOME $$$ from trading the Forex market

And since the FOREX NEWS available to us are ALWAYS LATE & OUTDATED

( because the Big Boys & Big Banks have ” always ” already MADE Their Move )

our only HOPE is to rely on ” Chartings ” to help derive our Buy or Sell bias

Agree so right ?

But what are available on a typical ” Chart ” then ?

Obviously a typical chart is filled with ” Random Price Behaviour

and that is also => ” Price Behaviour in their RAW Form “

which is the net result of ALL the ” Different Buying + Selling Sentiments ” combined

from all the traders involved in the market for that certain period

And Why I Chose to ONLY RELY on these ( RAW ) PRICE ACTION in the market

to help derive my Buy or Sell bias

( Since 2007 when I first started …that is )

instead of those ” Hot ” Textbook Technical Indicators that Majority 95% are crazy about ?

Simple Logic actually :

Since those Textbook Technical Indicators are relying

on the ” Actual PRICE ” in the market to derive the Signal for user

then why NOT I just rely on the ” RAW PRICE ACTION ” Directly ?

Isn’t that MORE ” Accurate & Reliable ” => as they are REAL TIME Data ?

That is more Logical …..isn’t it ?

Of course NOT everyone ” thinks ” like me though

which is why while the Majority 95% are crazily chasing

after the next HOT Technical Indicator

I was Crazily Training Myself to read from the ” RAW PRICE ACTION ” on the charts !

Before I go into explaining ” too many things ” at one time

( which would only be CONFUSING & result in INFORMATION OVERLOAD for You ! )

let’s do it one thing at a time instead

Yes !  We want QUALITY LEARNING

and NOT trying to FORCE DOWN as much as possible

ONLY to get CHOKE !

For now, let me first help You understand about :

” What Is Exactly The Science Of

Forex ( Pure ) Price Action Analsis All About “

because since You landed on my website somehow

then it certainly shows that You are already AWARE of:

How Much More ACCURATE & POWERFUL

the ” Price Action Way ” of trading is by now

Right ?

( as compared to other strategies )

One thing for sure here is that:

the moment You decided to venture into the ” Price Action Way ” to trade

that is definitely a very WISE MOVE made by You !

As I am very SURE, Your trading results would start to IMPROVE progressively

and You would NOT be facing the same TERRIBLE Confusion like previously anymore

as compared to when You were relying on those Textbook Technical Indicators !

Because when You learn to trade with the ( RAW ) PRICE ACTION in the market..

You would be able to derive the ” MOST ACCURATE ” bias

for Your Buy or Sell bias

as the ” TRUE SENTIMENT ” would be much Clearer to You then !

I am so sure Your trading skill would IMPROVE SIGNIFICANTLY

once You adopt the Price Action Way to trade

because I have been running this Forex Trading Empire blog since 2009 Feb

and I have already seen many similar cases just like You

After they discarded the previous way of trading using those Textbook Technical Indicators

and switched over to learn on trading with PURE Price Action instead

weeks after weeks……months after months

they started improving & it means they are getting more ” Profit ” too

hence that would only make one ” more MOTIVATED ” to go forward

agree too ?

Ok let’s start !

Let’s say one morning after having my cup of Expresso

I want to look for a ” Good Forex Set-Up ” to nail some Valuable Pips from

and while scanning across the many different pairs

I chance upon such ” Price Action “ from a particular FX pair :

And instantly, upon seeing such ” Price Action ” ( as shown above )

I KNEW this is the ONE I HAVE to trade

as the Price Action in there is ” calling out ” to me

to grab some Valuable Pips ( & $$$$$ ) from it …that’s why !

*Lol*

One thing for sure here that is :

To the ” Untrained Eyes “

without any of the so called ” Textbook Technical Indicators ” plotted

such set-up as shown above is a ” No Signal Trade

But to me => One who is ” Super Trained in reading RAW PRICE ACTION “

( accumulated 8 years+ of Trading WISDOM till date ! )

such set-up is literally a ” EXTREMELY HIGH – Probability => SELLING Set-up ” !

Why I said so ?

BECAUSE these are the ” Hidden BEARISH Hints ” That I SAW in there:

1) Saw that POINT A ?

Saw how ” EXTREMELY LONG ” that BEARISH WHITE Candlestick too ?

There is Obviously => ” An EXTREME SELLING FORCE ” exisiting in the market at that LEVEL

( marked by the orange line )

2) And now that the Price has ( again ) arrived at such level

even forming another ” STRONG Bearish White CandleStick ” at POINT B

isn’t it ” Logical ” that the DOMINATING FORCE

is ( STILL ) clearly the SELLERS ( at THAT LEVEL….that is ) ?

So Do I SELL OR BUY ?

Well….COMMON SENSE is that :

I RIDE ALONG & SELL with the Dominating Force of course…..right ?

And did the market really ” Dived Down ” after ?

Look at it Yourself :

I have to chop off the part showing Point A

else I can’t fit the rest of Point B into this picture

as I want to include the ” Zoomed-In ” version of Point B

so that You can see more clearly

And this is the ” Dive After That ” :

From the RAW PRICE ACTION on the chart

it CLEARLY tells my ” Super Trained Eyes & Mind ” that :

Selling Interest + STRONG Supply Level => It is Definitely MUCH SAFER for me to SELL

as obviously the DOMINATING FORCE at that level is ” SELLERS “

and very EXTREME SELLERS in fact !

( due to the EXTREME White Bearish LONG Candle formed )

agree too right ?

More importantly

everything is so ” crystal clear ” to me

as I am relying on the ” (Real Time) Reasons ” from the market itself !

No Lagging at all as compared to when You are relying

on those Textbook Technical Indicators

that’s why I ONLY TRUST trading with ( Pure ) RAW PRICE ACTION

all these ( 8 ) Years + !

However , please be FOREWARNED first before You are being ” intoxicated “

while trying to explore more about the ” Price Action Way ” to trade online !

You see…..

there are many ” FAKE Gurus ” posing as a PRICE ACTION Master out there

( in order to LURE more naive traders to BUY their Signals/ Sevices/ Courses/Programs…etc )

and just because they included the words ” PRICE ACTION ” in their strategy’s description

it does NOT mean they truly KNOW how to CORRECTLY trade

using the ” Pure PRICE ACTION WAY ” though !

If You happen to chance upon any while exploring online

just ask Yourself these questions :

1) How long have they been trading the ( RAW ) PRICE ACTION WAY so far ?

Any ” Proof ” for that ?

( no point just using mouth to talk only…..as anyone also can ….right ! )

2) Did their so called ” Price Action ” Strategy includes any Technical Indicator at all ?

If they did include one or more technical indicator

then no point learning from them

as right from the start

we want to totally DISCARD those ” textbook technical indicators”

because they are always LAGGIN behing the actual PRICE ACTION in the live market

remember ?

So what for ( again ) include those Textbook Technical Indicator into our trading …..right ?

That would only ” COMPLICATE & CLASH ” with the Price Action way to trade !!

No point really

as trading the Price Action Way should be made ” as simple as possible “

( …if not simpler ! – By Jesse Livermore )

so that everything would be “Crystal CLEAR ” to You

so that You can ” CUT through ” the Noises that are CLOUDING Your Judgement

to enable You to make the ” Most Accurate ” trading decision

definitely agree too …right ?

Now refer back to the ( RAW ) Forex Price Action’s Explanations I shared above…

Are the explanations  ” Simple ” to You ?

I certainly think so

More critically,

are You able to see the ” Dominating Force ” in the market

in a Crystal Clear manner ?

I certainly think so too

That’s the kind of  ” Simplicity ” I am talking about !

Simple Yet Deadly ACCURATE….that is !

Because from the very start

everything is derived from HOW THE MARKET BEHAVES

that’s why it is so ” Accurate & Reliable ” !

Remember…..don’t ANYHOW TRUST anyone who claimed

he /she is also a Forex Price Action Master too !

You would only get Your mind ” Intoxicated ” by learning on the Totally WRONG Things !

Always ( ALWAYS )…. remember to ” CHECK for the 2 PROOFS ” that I emphasized about earlier !


About Us  |   Contact Us    |   Disclaimer

Copyright © 2009-2015 ForexTradingEmpire.Com :: All Rights Reserved
( No Material Can Be Reproduced From This Site.
Your Privacy Is Safe With Us.)