Learn to trade Forex & CFD's with Nial Fuller . . .

PRICE ACTION TRADING FORUM

click

Trading forex using confluence and price action

Posted on November 24th, 2008

Theres 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 realise just how unprofitable your forex trading will be.

Theres solid proof in my own trading results that using trends in cobination 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 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 monentumand direction. This filter will enable you to at lease 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 signals 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 detail, in much more detail than the free Videos.
Go here to take a look at my forex trading course.

Share and Enjoy:

Cormac Maher said,

May 23, 2009 @ 1:29 am

Hi I am thinking of signing up for your course, one question what platform do you use and with which broker

regards
C

nial said,

May 23, 2009 @ 9:42 am

I use http://www.fxlite.com for charts and http://www.igmarkets.com for fx trading

Forex Price Action Trading Strategies « Price Action – Nial Fuller Review said,

August 26, 2009 @ 2:52 pm

[...] Forex strategy involves the indicators and price patterns of the derivation of the signals which can be traded. [...]

RSS feed for comments on this post · TrackBack URI

Leave a Comment

By Viewing any material or using the information within this site you agree that this is general education material and you will not hold anybody responsible for loss or damages resulting from the content provided here by learntotradethemarket.com or any of the forum membersFutures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.