Hello,
I am new to the forum and would like to get a discussion on price action strategies going. I have recently heard alot of good things about trading using strictly price action. I know it makes sense to me because I am tired of having a bunch of confusing indicators all over my charts and not having a genuine way of adapting to changing market conditions. I found some pretty good information videos on youtube from a guy named Nial Fuller out of Australia. He seems to really know his stuff. Anyways, if anyone else knows of any other good price action educational materials we should talk about them in this thread and maybe post up some charts. Thanks.

Hey everyone,
I found a really good resource on price action . Theres a bunch of free videos and articles, the guy seems to know his stuff. Let me know what you think. - Larry

This post has been edited by newbietrader09: Nov 19 2009, 01:28 PM

What is everyone's favorite price action setup? I made some good money on an inside bar breakdown on gbp/jpy this past thursday. Anyone catch that? Price action analysis is the best way to trade in my opinion.

I would like to help out but I do not really advocate this avenue. Also be wary of how much info you exchange with Larry

I am technical trader and like to use RSI, MACD, Stochastic with closed priced trend lines. Anyway since the thread is about price action strategy, why don't you look into the URL below? You find good learning material about price action theory here:

www.pdf-search-engine.com/forex-price-action-strategy-pdf.html

Thanks for the info. Im kind of confused why the above poster said "be careful how much info. you exchange with larry"?? Im just trying to share what I know and get good resources on price action. The only good site ive found so far has been learntotradethemarket.com, just wanted to share.

Daily inside bar on eur/usd. Good stuff.

Awesome price action trade. We all caught this in the learntotradethemarket member's community. It is naaice.

Here is an interesting chart of the daily aud/usd.

Here is a simple method to keep in mind while reading price action. It involves the round numbers. It will help with trading stocks, futures, forex or bond prices and yields. Following are two quotations to explain it.

"Many years ago I began profiting from the simplest type of Pivotal Point trades. Frequently I had observed that when a stock sold at 50, 100, 200 and even 300, a fast and straight movement almost invariably occurred after such points were passed." "Bear in mind when using Pivotal Points in anticipating market movements, that if a stock does not perform as it should, after crossing the Pivotal Point, this is a danger signal which must be heeded." Jesse L. Livermore, How To Trade In Stocks

"There are certain other levels which may at times evidently produce considerable resistance or support without any reference to a previous "vested interest." We have in mind the "round" figures 20, 30, 50, 75, 100 etc." Robert D. Edwards and John Magee, Technical Analysis of Stock Trends

Thanks alot for that post bidask.

Check out todays daily chart of EUR/USD. Possible pin bar at support setting up here.



To learn about the 50% pin bar entry method click here.

Currently long off of daily pin bar on gbp/usd. Target 1.6600.



Check out a great forex price action website HERE.

SWEET weekly pin bar on Gold. All the members at LTTTM caught this one before it happened. Price action is king.

newbietrader09,

What's the difference between the black and white pin bars? Which one represents BUY and which one represents SELL? I'm still new to all of this. Whenever you get a chance I would greatly appreciate it. Thanks.

CometheMoney,
The bars on the charts I posted are candlestick bars. The black bars are ones where the bar closed lower than it opened. The white ones are where the bar closed higher than it opened. The little vertical lines at the top and bottom are called "wicks" and mark the high and low for the period the bar represents. There are many candlestick patterns, Steve Nison is the master of candlesticks, I suggest you check out any of his books or videos for a complete over view. Also, Nial Fuller is a really great price action teacher and has a very unique take on price action analysis. You can find some free videos of his by typing in "Nial Fuller" on YouTube. Hope this helps, let me know if I can answer any other questions for you.

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