I have analyzed 1300 forecasts and signals that I shared on TradingView last year and found 95% accurate trading confirmation.
In this article, we will discuss multiple types of confirmations and their winning rate on Forex, Gold, Indexes, Crypto & Commodities.
First, let me introduce you to the types of analysis that I provided.
1 - Structure based...
In the today's post, we will discuss the essential element of price action trading - a pullback.
There are two types of a price action leg of a move: impulse leg and pullback.
Impulse leg is a strong bullish/bearish movement that determines the market sentiment and trend.
While a pullback is the movement WITHIN the impulse.
The impulse leg has...
A foundational concept in "pure" price action trading that underlies all trading decisions is that price will never "exactly" repeat itself. What I mean by exactly is that
current and future price will never be 100% identical to past price. At first glance it may seem the same, but when boiled down to the lower time frames, you'll notice
that current price is...
When it comes to price action trading, price analysis is at the foundation of our trading methodology. This analysis dictates all our eventual actions in trading. So seeing that price analysis is at the core of the price action trader's trading, we want to assure that we analyze with as much precision as we can. So how is that done? Let me explain how I go about...
Resistance level is at price 118.71. Bull candlestick closed above 118.71 price level. Resistance level is now support. Next, wait for a rejection candlestick or pin bar candlestick to retest support level at 118.71.
Enter a market execution order after the candlestick completely forms into a rejection candlestick or pin bar candlestick.
Hey Guys!
As traders, we always want the sense of being one step ahead of the market. In other words, what's happening with current price should not be of consequence to your trading. It's just another bit of information that's
added into your analysis of what will happen next. Now the polar opposite of this situation is chasing the market. Where a trader is...
Hey Guys!
The world markets are on a wild ride at the moment. With urgent news being released by the day. Traders around the world are trying to guess the next fundamental news to be released and further guess how the markets will react.
The world markets become a huge guessing game arena.... Now, that's fine if that's your cup of tea. The adrenaline rush or...
Hey Guys!
When it comes to price patterns, there are many. I mean, look up "price patterns for trading" on google and you'll find countless variations. Just like in the movie "A Beautiful Mind", where Russel Crowe's character locates patterns in Russian Codes; a price action trader, can find endless variations of patterns on their charts.
However, these...
Hey Guys!
I know price action trading can be somewhat a mysterious and confusing style of trading. So I just wanted to jot down the basic characteristics of price action trading to help clarify this ambiguous trading style.
#1 Price action trading only uses price action to make trading decisions. No indicators, fundamental analysis, intermarket analysis, etc......
Hey Guys!
As you guys know I aborted 2 short entries on the NZD/USD pair yesterday to minimize my losses.
In this lesson, I'll explain how I knew to abort the short entries early by reading 1 minute price action and thus minimize the loss.
Enjoy!
Have a great day!
Ken
Hey Guys!
As you guys know the current NZD/USD daily bias is short. Or in other words, price is likely to reach 0.6591 before reaching 0.6731.
So on my last post, I mentioned I took a short entry at 0.6722 with a stop loss at 0.6591 with its main target at 0.6591 for the time being.
In this Price action lesson, I just wanted to briefly explain how I read price...
Hey Guys!
Here's a simple explanation of Price Action Trading!
In its very essence, Price Action Trading is about letting price tell you where it's headed in the future. No indicators or fundamental analysis. Just price alone will do. But in order to know what price is telling you, you must first learn "how to read price". Think of this as a language. Just like...
Today’s lesson is an introduction to the inside bar signal and how to trade it. It’s really one of my favorite patterns to trade, especially on the daily chart time frame. Why, you ask?
It’s simple. The inside bar pattern shows a pause or indecision in the market, and depending on the surrounding price context it formed within, this provides us with an extremely...
