Price Action Trading Patterns: Pin Bars, Fakey’s, Inside Bars

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In this Forex trading lesson, I am going to share with you three of my favorite price action trading strategies; pin bars, inside bars and fakeys. These trading setups are simple yet very powerful, and if you learn to trade them with discipline and patience you will have a very potent Forex trading edge. Whilst these three setups are my 'core' setups, there are many other versions and variations of them that we focus on in our members' community and advanced price action trading course. However, you can learn some good basics in this article... Continue reading »

Pin Bar Forex Trading Strategy – Pin Bar Definition

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An Introduction To The Pin Bar Forex Trading Strategy and How to Trade It Effectively... The pin bar formation is a price action reversal pattern that shows that a certain level or price point in the market was rejected. Once familiarized with the pin bar formation, it is apparent from looking at any price chart just how profitable this pattern can be. Let’s go over exactly what a pin bar formation is and how you can take advantage of the pin bar strategy in the context of varying market conditions. What is a Pin Bar? The actual pin... Continue reading »

The ‘False Break’ Trading Strategy

false break trading strategy

When was the last time you entered a trade and it immediately moved against you even though you felt confident the market was going to move in your favor? When was the last time you traded a breakout and got stopped out? I’m willing to bet you’ve experienced one or both of these things recently in your own trading, and I’m also willing to bet that me or one of my students probably took the opposite side of one of these trades that seemed to ‘fake you out’ of your position… You see, false-breaks happen all the time in the... Continue reading »

Set and Forget Forex Trading – Keep Your Day Job

set and forget trading

'Set and Forget Forex Trading' is as simple as its name implies; you simply "set" the trade up and then "forget" about it for a period of time. This has two major benefits: it makes it far easier to stay emotionally disciplined and it also allows you to go about your life as you normally would, because you will not be spending hours in front of your computer over-analyzing the markets... Often, aspiring Forex traders become lost in a web of confusion with the amount of data that the various financial media outlets plaster all over the... Continue reading »

Why Trading The Daily Charts Will Improve Your Trading Results

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If your Forex trading is not going the way you want it to and you feel overwhelmed by the amount of market data bombarding your brain every time you sit down to analyze the markets, you probably need to readjust your trading strategy so that your primary focus is on the daily charts. If you are currently experiencing any of the following trading problems you will benefit significantly from making the daily chart your primary trading time frame: Please Share this post with other traders and leave a comment below if you liked it. •... Continue reading »

How To Draw Support and Resistance Levels Like A Professional

support and resistance levels

In my daily Forex commentary each day, I draw in the key levels of support and resistance that I feel are the most significant in the current market environment. It’s something that I’ve done for so long it really only takes me a few minutes to do now, it really is a very logical and simple task for me and it can be for you too. Many traders make the process of drawing support and resistance levels a lot more difficult than it needs to be. After you have a general idea of how I draw my support and resistance levels, you should have no... Continue reading »

How To Trade ‘End Of Day’ Price Action Strategies at New York Close

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One of the key philosophies of my Forex trading approach is to trade "end of day", and by that I mean trading after the New York close, which marks the end of the current Forex trading day. Many traders email me asking me things like "Why is the New York close so important" and "How do I trade end-of-day and why should I?" In this article I am going to answer these questions, so hopefully after reading it you'll have a good idea as to exactly why end-of-day price action trading strategies are so powerful. My objective here is to show you... Continue reading »

The Simplest Forex Trading Strategy in the World

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If someone asked me to describe my trading strategy in as few words as possible, it would be this; horizontal levels and price action. Indeed, trading price action setups from horizontal levels is the “core” component of my trading theory and strategy, and if you were to take away only one thing from my website it would be that you can learn to trade the market effectively by simply drawing the core levels on your charts and waiting for obvious price action signals to form around them. After you finish reading this lesson, leave a... Continue reading »

Price Action Trading Strategy – Introduction Tutorial

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Price Action – The “Footprint” of Money Price action trading strategy basics: “What is Price Action?” is a question frequently asked by aspiring traders. Getting an answer like “Price action is the movement of price over time” or similar, leaves many beginning traders still feeling like they don’t quite understand exactly what price action is or how to trade with it. In this tutorial we are going to give chart examples of exactly what price action is and explain how you can make use of it in your trading. Ready? Let’s... Continue reading »

The Ultimate Forex Trade Entry ‘Trick’ You Need To Master

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If you’re a regular follower of my blog, you know I’ve written articles discussing “sniper” and “crocodile” trading and the benefits of this trading style. In today’s lesson, I am going to help you understand what this trading style is all about, and I’m going to show you exactly what it means to wait patiently like a crocodile for the ‘perfect’ trade entry to come to you. This trading approach is really the keystone that holds together my entire trading philosophy, and if you master it you will be one giant step closer to... Continue reading »

Using ‘On-Stop’ Orders to Maximize Trading Profits

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There’s an abundant amount of trading opportunities each month in the market, but we don’t always have the time or desire to sit around staring at our charts waiting for the market to hit our pre-determined entry level. Also, I should mention that sitting around waiting for the market to trigger an entry is an unnecessary waste of time and can tempt us into entering a trade prematurely or to enter a trade that we otherwise might not. Fortunately, with the knowledge of how to use 'on-stop' entry orders, we can eliminate the need to sit in... Continue reading »

Develop A Daily Routine For Analyzing Charts & Trade Setups

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Most of you know I publish a daily market commentary each day shortly after the daily Forex market close. What many of you probably do not know is that making these commentaries each day is part of my daily chart analysis and trading routine. I actually started writing down my thoughts about the markets each day well before I started this website, and it’s something I’ve done continuously every trading day for about the last decade. It's literally a habitual part of my daily life…if I miss a day of commentary for some odd reason, like... Continue reading »

What Are The Best Chart Time Frames To Trade ?

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As price action traders, we primarily study charts and price bars, and the price bars in each time frame show us the ‘emotion’ of price for that specific period of time. Whether it’s a 1 hour, 4 hour or daily chart, each price bar on the chart shows the ‘emotion’ and sentiment for the period of time it reflects. For example, on a 1 hour chart we will be able to see the emotion and feeling of the market over the last hour by looking at the last price bar on that chart. That said, a 1 hour chart or a 4 hour chart is going to show us a... Continue reading »

How To Become A ‘Master’ Of Your Trading Strategy

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In this week’s lesson, I am going to share with you a proven technique for becoming a “Master” of your Forex trading strategy. If you’re a regular reader of my blog then you know that I refer to “mastering” your trading strategy in many of my articles, and today’s lesson is going to get into the meat of exactly HOW to master your trading strategy and WHY it’s so important. Staying focused on one trading method long enough to really learn how to trade it effectively is something that many traders struggle with. Based on my... Continue reading »

How to Filter Good & Bad Price Action Entry Signals

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What do you get if you put two traders side by side for four weeks with the exact same training and trading plan? Most likely, you will get dramatically different results. Trading is a highly individualistic profession, and no two traders think exactly alike or possess the same level of natural trading skill, intelligence, talent or intuition. When you’re a student of the markets trying to develop your ability to find top-quality trading signals on the charts, even after years of study, it can still be mentally challenging and... Continue reading »

How To Start Profiting With Price Action Trading Strategies

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One thing I have realized over years of helping people learn how to trade, is that most traders tend to try and tackle too many variables at one time, especially traders in the beginning stages of learning how to trade. They often want to trade 10 or 20 different setups with numerous indicators on their charts whilst looking at every time frame available on their trading platform in 30 different markets. This is in a word, ineffective. Traders often come into the markets with good intentions but their focus is too broad, this causes... Continue reading »

Don’t Trade The News – Trade Price Action Instead

Bull-Bear-Markets

In the first few years of trading, many traders get stuck in the "trap" of  trading the news and putting too much emphasis on fundamental analysis. Trying to figure out what the market will do next as a result of the next major economic report seems like an obvious and useful thing for a trader to do. However, you might be surprised to know that traders who focus too much on the news often lose money because price tends to go the opposite way of what the news implies. Anyone who has watched the EURUSD during the monthly U.S. Non-Farm... Continue reading »

Master One Forex Trading Strategy at a Time

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Do you want to become a MASTER of your Forex trading strategy? If so, you will need to have laser-beam like focus, you cannot waver and change strategies every week like many amateur traders do. Bruce Lee was arguably the best martial artist of all time, and guess what? He was not born the best martial artist of all time. He earned that title through dedication and focus...he learned to become a MASTER of his craft...if you want to succeed in Forex you will need to do adopt the Bruce Lee mentality... Forget everything you have learned up to... Continue reading »

How To Place A Stop Loss & Profit Target Like A Professional

Risk - Profit and Loss

Today’s article is going to give you guys a “sneak-peak” into exactly how I decide on my stop and profit target placements. I get a lot of emails asking how I decide where to place a stop or where to place a target, and while there is no one-size-fits all answer to this question, there are certain things that you should consider before entering a trade that will make determining the best stop and target placement much easier. Before we get started, let me first say that this topic of stop loss and profit target placement is really a... Continue reading »

Pyramiding – A Money Management Strategy To Increase Profits

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In today's lesson I am going to teach you guys how to "trade with the market's money". That's right, I am going to show you how to scale in or "pyramid" into a winning trade, without taking on more risk. This essentially means you will add to an open winning position without taking on more risk and possibly even creating a risk-free trade, all while dramatically increasing your potential profit. It's not too good to be true, but there are certain times when scaling into a trade works better than others, which we will discuss in today's lesson.... Continue reading »

How To Trade Trends In Forex – A Complete Guide

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We’ve all heard the saying “The trend is your friend”, and while it sounds nice it doesn’t really teach us anything about trading a trending market or how to identify one. In today’s lesson, I am going to give you guys some solid information on trend trading that you can begin using immediately. Today’s lesson is all about trading trending markets with price action, and we are going to talk about how to tell when a market is trending and how to take advantage of these trends. I hope you guys pay close attention to today's... Continue reading »