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 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 ! )

 

Why Forex Price Action ? Why Such Forex Trading Strategies Are More Powerful & Accurate ?

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Warning: Before you proceed to read the entire post below…it is essential for you to discard everything you know about using technical analysis to trade the forex market ( …Especially if YOU’ve been relying HEAVILY on technical indicators! )

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If you’re also wondering what’s Forex Price Action actually….& why such Forex Trading Strategies are more Powerful & Accurate…

Then this post is definitely a must read for you !

Basically Forex Price Action is a trading strategy which analyze the ” Behaviour of the Price & the Patterns that have formed ” in the forex market.

We then use such ” Behaviour & Patterns” to gauge what the market’s sentiment is currently and most importantly – What’s the market response most likely be next…

If you don’t know yet…..do you know that using PRICE ACTION to analyse the forex market is the closest ” Hints” you can siphon from the market about what it’s telling you.

To put it simply…it is the most powerful way to really predict :

1) Where the price would be heading ( whether Up, Down or Sideway….)

2) And more critically – By using Forex Price Action, it would enable anyone to enter into a trend very EARLY at the start !

Here’s what I mean :

( Without using any Technical Indicator at all..)

Forex Price Action

Forex Price Action

Now ask yourself this….how many times when you rely HEAVILY on textbook indicators be it  Moving Averages or MACD or Stochastic or Bill Williams or Bollinger Bands or RSI…..etc..

You actually managed to detect a trend really ” EARLY ” at the start of it…

Most of the time, when these technical indicators gave us the signal to BUY or SELL….the trend would have moved halfway from the starting point..

And when we entered happily thinking that this time round, we would be walking away for a nice profits based on the signals from these technical indicators..

It actually turn out very disappointed for us because when it’s time to exit….the indicator is slow in telling you too!

And what happen next ?

2 things…..

Either you read the PRICE ACTION & The Patterns it formed and exit when you detect a Possibility of  Price Reversal…

….Or you simply allow the trend to reverse and seeing those profits given back to the market painfully!

Worst, when market reverse and eating away the previous profits you had and then ultimately hit your Stop-LOSS….

Your morale literally dampen to the max …..and you sort of think to yourself…..why.? why? why?

You’re frustrated….confused and at the same time have the urge to fight back using even bigger lots ….

What does this leads to ?

A gambling mindset – A fatal trap to most newbies or even experience traders still trying to make consistent profits every month.

I truly understand this vicious cycle because I for once also rely heavily on textbook indicators during the early phase of my forex trading journey.

I would say that it is inevitable that all newbies who came into this forex trading game would be expose to such technical indicators for sure…

Because it is what ALL books & training programs are teaching !

Now….don’t get me wrong here though.

Technical indicators do work for some and still continue to help them rake in consistent Pips & Profits …month after month.

However….these are the traders who truly understand the ” Strengths & Limitations” of the technical indicators they are using..

And very importantly….they are using the ” Right Settings ” too.

I personally have tested more than 30+ combinations using almost all of the technical indicators we can find on most trading platform..

There are some trades which are successful…..some are really bad.

Such as …when the market is RANGING…..( and if you’re using Moving Averages ), there would be very messy & confusing WHIPSAWS.

When I finally understand that all these technical indicators actually derive their formula from the market’s PAST HISTORY – The Price..

I begin my journey on studying on the Price …..particularly the ” Forex Price Action & Patterns” it form for my Buy & Sell decision.

This is where my trading skills took to a whole new height – Which literally enable me to enter a trading position much more accurately & also nail MORE PIPS ( because I can now enter early during the trend !)

The main reason why the Price in a Forex market moves in a particular direction is due to 2 driving forces namely :

1) Fear  ( Fearful Selling ? Downtrend….)

2) Greed  ( Greedy Buying ? Uptrend..)

3) How about Unsure..?  Then it would be Sideway or so called a Ranging Market

Studying of Forex Price Action can in fact also be considered a relatively close study of the market responses..

The amazing thing about using Price Action is that it is FASTER than any derivative or technical indicator..

It is NOT lagging or confusing like many of the popular textbook indicators…

And the ONLY TRUTH in the Forex Market is the CURRENT PRICE !

By trading purely based on Forex Price Action, I can ignore news, opinions and any personal biases..

And it can also be ” Confidently” use by any trader ( including yourself ) to predict the near future response of the market with a high level of Accuracy…..and Much Earlier.

Thus allowing You to enter at the ” Start Of A Trend ” Earlier…..( Just like in the example I shown above about the ” V ” Reversal…)

As well as ” Exit ” with more valuable Pips & Profits for any trade you took…..instead of waiting for the technical indicator to give you signal which are almost too late normally.

Do you know why is that so …..?

That’s because these technical indicators rely on the Price Action ( mainly the Past History Price ) to give You the Buy or Sell signal.

Which explains why they are ALWAYS lagging behind & slower then the actual Price ……

So……….instead of using technical indicators to give me the Buy/Sell signal….

I am using them in an OPPOSITE way….( Opposite from 95% of the frustrated traders  )

With that I mean – I am giving Priority to The Price Action & The Patterns formed on the forex market..

Whereas most of the traders would give priority to the lagging technical indicators instead..

Moreover…. I ONLY use simple indicator ( 1 or 2 at most ) to help me confirm my decision based on the Price Action.

And not clustering my chart with 2 or 3 moving averages plus bollinger band plus another 2 oscillators – Which only make the decision making more complicating & clouding our ability to spot good trading opportunities!

PS: Remember this…..when You do things the same way as the majority….you would get the same results. And that applies to 95% of the frustrated traders who are struggling to make consistent profits every month !

What you think after reading what I have to share about Forex Price Action here ?

Is it time You explore and learn more about Forex Price Action too and bring your trading skill to a whole new ” More Powerful” level ?

Or even better….

Combined just a few ” Reliable” technical indicators which you’re already using WITH Price Action Forex Trading Strategy….

And see the amazing & shocking results ( More Profits ) for yourself in the days to come perhaps ! * smile *

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Recommended Read :

1)  Powerful Forex Price Action ” Reversal ” Strategy From Forex Confidant

2)  Proven Price Action ” Trend ” Strategy From Forex Supremacy

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