Trading forex using confluence and price action

There’s a serious argument to use forex trading strategies which follow the current broader trend, and I for one agree with this type of forex trading strategy. If you where to fight the technical trend over and over, you would soon realize just how unprofitable your forex trading will be.

There’s solid proof in my own trading results that using trends in combination with price action signals, will increase the expectancy of winning any one trade..

So the lesson we have learned for today is when learning to trade, or when developing a forex trading plan, you could start with using 2 filters.

Forex Trading Strategies Filter 1, use a basic trend definition tool such as the 8 and 21 day exponential moving averages, or a simple visual trend analysis to pick the current momentum and direction. This filter will enable you to at least have some form of clarity before entering a trade. So filter 1 is to have a method to decide the direction.

Forex Trading Strategies Filter 2, pick 1 or 2 price action setups and learn to master them (refer other articles), and use these to enter a trades in the direction of the trend.

I believe the price action signals themselves are much more important to learn, because the trend is interpretable. I teach my price action strategies and forex trading strategies in my trading course.

You can learn the forex trading strategies I use in much more detail in the free forex trading videos I offer.

Go here to take a look at my forex trading course.

Price Action Forex Trading Strategies Post a comment

Leave a Comment


Copyright 2008-2011 Learn To Trade The Market - All Rights Reserved - Disclaimers & Terms of Use - FSG - Privacy - Sitemap