SIMPLE Price Action Trading Strategy For All Markets
rate motion no warning signs worried in anyway this is the identical method i used in order to get worried in the alternate you see on the display screen right here on the canada swiss that is presently up round one hundred sixty pips at a three to one reward threat ratio so if you prefer a breakdown of that
e pinnacle 5 foremost pairs the use of my rate motion swing buying and selling method you are about to research it is a extraordinarily easy approach i can damage it down clearly rapidly however what’s
going to be absolutely really helpful is me displaying you very own charts in stay information what i am searching at and what i am looking ahead to in the subsequent couple of weeks on all these foreign money pairs so stick round thru that however let’s go in advance and discuss about the method itself what we are looking
for is we’re the use of two one-of-a-kind time frames on a greater time body which for me as a swing dealer is going to be the day by day chart i am searching for costs to be trending in a unique course as soon as i appear at a chart and i see that rate is trending down i am searching for
two distinct matters the first element i am searching for is the place is it that fee if it pulls again will most probable see resistance in a downtrend in this case it would be like this resistance in a downtrend if we’re in a downtrend the expectation is that
we proceed that downtrend however i prefer to understand a specific region the place this pullback is possibly to come to and if we do get a pullback to that particular place that rate is probable to proceed in that downtrend the contrary would be proper for an uptrend i am going to draw that out as properly for
you we would have rate heading greater and we would be searching for an vicinity in rate the place charge is probable to do what pull lower back to and ultimately proceed that uptrend it truly is the first element i am searching for as i
said i am going to be searching for two special matters the subsequent factor i am searching for is if we’re in a downtrend what is a degree in fee under the place modern-day fee is that we’re in all likelihood to see the pullback begin this for me is constantly the latest
level of help that charge has no longer touched but on the way down so if we’re trending down like our drawing right here and we appear left and see some thing like this in the past
then this would be my subsequent degree of assist fee will hit if it continues decrease and in flip that is going to be the most probable vicinity that fee pulls lower back from even if we proceed in this downtrend this will be my most possibly vicinity for a pullback to appear hopefully
that makes experience if no longer do not fear we’re going to go thru 5 one-of-a-kind foreign money pairs spoil this down as properly as we’re gonna ruin down the whole alternate on the canada swiss and seem to be at bitcoin and the secret agent so let’s go beforehand and get commenced with the euro greenback right here on the euro greenback what kind of
trend do you see nicely this is an apparent downtrend proper we have fee pushing low into decrease lows pushing up into a pullback where’d that pullback come to preceding help which must flip to resistance and it did and with that being the case what have we now done
we have now damaged and closed beneath our preceding low and closing week what we talked about is if this occurs there is two eventualities rate will both proceed decrease in which case we will speak about in a 2d we have our vicinity of support
pointed out or fee will pull lower back into the preceding region of aid it simply damaged in this case this is my ideal swing buying and selling state of affairs for vogue continuation so if i am looking ahead to fashion continuation out right here on the day by day chart and i want
to see this cross what i am going to do when rate receives into this place is i am going to drop down to the 4 hour chart as a swing dealer and i am going to seem to be for entries on a 4 hour chart however only
when fee pulls lower back to a predominant stage of shape at some point of this downtrend so we’re in a downtrend proper now we’ve got simply damaged beneath a degree of assist searching left i favor to see fee pull returned into that degree of assist i desire to drop down to a smaller time frame for me it is the 4 hour and i’m gonna be
looking for promoting stress on that time body the use of candlestick patterns and chart patterns like double tops and like huge lengthy wicks to the upside displaying me promoting strain from a standpoint of candlestick patterns k so this is one of the matters we’re
looking for right here on the euro greenback proper now the subsequent factor i choose to speak about is ok we have fee pushing down new highs and new lows the subsequent issue i desire to recognize is if we do proceed pushing decrease where’s the subsequent location we will in all likelihood see a pullback from in order
to discover that all we have to do is seem to be at charge the place it is go down and seem to be left and discover the remaining vicinity if we put a horizontal line at rate the place used to be the remaining place beneath this that rate was once supported by
right right here if we go down into the left of our horizontal line we can see that very virtually so with that being the case this is our subsequent location of assist that the pullback on this downtrend is in all likelihood to begin from so we are currently
in a downtrend proper nicely the pullback on these downtrends very frequently strains up with the preceding stage of assist searching left and to show that to you if we seem at our horizontal line proper right here this one that we can see if we move
left you may see that this used to be additionally a preceding location of assist for the reason that charge got here to that preceding vicinity guide it then created the pullback from our average downtrend so that tends to appear over
and over and after we begin to see the pullback from our downtrend the very probable state of affairs is that we’re going to come to a preceding degree of assist that used to be simply damaged in order to grant extra resistance and proceed in that downward direction
so on the euro greenback this is what we’re searching at both a pullback into our location we pointed out ultimate week or a push down to our place we pointed out final week these areas are between 1.0902 for resistance and 1.0814 that would be our area of
resistance for the region of aid we’re searching at 1.0696 and 1.06 subsequent up let’s take a appear at the greenback yen and do the identical actual element so right here on the greenback yen we talked about it ultimate week there is no resistance looking
left due to the fact we’re as excessive as we’ve got been on account that 2006 on the dollar versus the cease so we do not have sufficient records to go lower back and see what’s the subsequent degree of resistance it really is absolutely quality i am no longer truely searching to promote the greenback yen at this
point anyway however with this all coming collectively what we do have is fee has simply pushed up and then created a new excessive if fee has accomplished this one two three cross which is what i name these one two three simply attempt to hold matters easy the pullback being two the first
impulsive cross being one the wreck of the excessive that created the pullback being quantity three so now that we have this one two three go the probably state of affairs is that we get a pull again into our
high that was once simply damaged between 124.65 and 123.84 if that takes place this is going to be an location that i am shedding down to decrease time frames like the 4 hour chart to seem for feasible entries on the greenback yen it’s absolutely all i am searching at
right now on the dollar yen thinking about the place this pair is subsequent up let’s take a seem at the greenback swiss right here on the greenback swiss very fascinating we have definitely come to an vicinity we pointed out remaining week for resistance this location and i will exhibit you why in simply a 2nd is
between 0.9543 and 0.9511 why used to be this resistance properly if we’re searching at charge we’ve got simply now pushed up and damaged above a preceding stage of resistance we talked about this in closing week’s as properly so be positive you subscribe so you maintain up
with these movies the whole thing will make a lot extra experience if you do however closing week fee used to be floating round this location and we stated that if fee in reality does push up and shut above this excessive then i will be looking forward to and ready for
price to perhaps pull returned to this location and perchance get to these highs which we did and let me scroll left for you i will provide an explanation for why this sector even exists on my chart if we scroll left you may see that this region if we’re proper the place rate is proper now
this region is the closing stage that supplied resistance it also occurs to be a stage that rate has used more than one instances as guide and resistance including to the accuracy of this stage so now that charge is in this area this is
literally what i am searching for proper now on the greenback swiss i am presently lengthy on the greenback swiss this is taking a lengthy time there we go so i am presently mortgage on the greenback swiss and i am searching proper now on smaller time frames like the 4 hour and possibly even the one
hour chart in this situation for promoting stress if i get promoting strain described by way of candlestick or chart patterns then i am going to be exiting the lengthy function and beginning to seem to be for viable promote positions right here on the greenback swiss so that is what i am looking
at proper now thinking about the place charge is if fee does start to pull lower back whether or not i get an entry or now not the subsequent area i am searching for lengthy trades is in this location the preceding excessive that was once damaged around
0.9446 between that and 0.94 even is an vicinity if we get a pullback that i will seem to be for feasible long trades you might also be wondering to your self steven why would you prefer to attempt to locate quick trades when this is all the room you have nicely let’s measure it and consider
we’re taking a uh role on a smaller time body so this is about 70 pips even on a 4 hour chart on the greenback swiss my quit loss is probable going to be 30 pips or much less possibly a little bit extra than 30 however as lengthy as i supply myself adequate room to get over a one to one
which in this case i am going to be without difficulty in a position to get like a 1.8 up to a two or extra on a brief alternate if i can get one tremendously shortly out of the greenback swiss i am definitely fantastic with that so i am ok with searching for income right here and then searching for buys if we get returned down into this
area however if it is now not some thing you are ok with simply do not use the counter fashion degrees and as an alternative simply wait on this pullback into our sector right here for viable trades on smaller time frames now not monetary recommendation don’t
actually do that simply giving you thoughts of what you ought to do subsequent up we’re gonna take a seem to be at the pound in opposition to the greenback right here on the pound greenback final week we stated that if rate continues decrease and breaks beneath this stage of help that
we’ll seem to be at that as feasible resistance persevering with decrease and lower back to the breakdown we talked about on the euro greenback this is precisely what’s taking place right here we’re ready on a one two three go we have one we have our pullback being two we want three to really shut below
this degree and begin to push decrease earlier than we can appear at this degree as viable resistance and strive to seize a continuation of this downtrend which is standard what we’re making an attempt to do right here with the fashion continuation section of this
swing buying and selling approach so if rate does proceed decrease this week then we are going to be searching for a pullback into this location between 1.3052 and 1.2981 if we get that pullback to that location i am going to be searching on smaller time
frames for viable entries the use of rate motion if we simply proceed decrease and do now not get a pullback then this vicinity is my subsequent degree of guide charge will in all likelihood hit if we do proceed decrease and if we do proceed decrease it’s going to inevitably hit this
area as lengthy as it continues going down now why is this vicinity pointed out as a viable location i would seem for lengthy trades nicely let’s scroll left and you will see as we’re pushing decrease from this place the subsequent degree of predominant aid i see is
right right here in aggregate with a couple of different stages to create our true quarter and with that being the case if charge continues lower i comprehend this quarter is the place the probably area for a pullback to begin is it truly is it is precisely what
is possibly to appear it would not occur each time however it is very probable that we see a jump out of fee even even though we’re in a downtrend from an vicinity between 1.2815 and 1.2722 i will be getting ready for that with the aid of ready for rate to get to that level
going to decrease time frames and searching for viable purchase trades so these are the eventualities i see enjoying out on the pound greenback we ought to additionally see fee simply mechanically begin pushing up and it is no longer as possibly however if we do see that i am going to be ready for a destroy of this
level a pullback to it and then feasible purchase trades out of this stage right here subsequent up let’s take a seem to be at the aussie greenback earlier than we ruin down the complete method on the canada swiss on the aussie dollar
we have rate presently pushing decrease and from final week’s we absolutely referred to as charge coming into this location that i marked out final week between 0.7406 and 0.7363 and i stated this would be an location i seemed for feasible purchase trades i didn’t
actually get an entry this used to be a viable entry that i did not take however i was once thinking about i am going to go down to a smaller time body exhibit you what i suggest via that bullish stress coming in to my sector generally my first target’s at about a
1.4 to 1 reward threat ratio so it really is why you see this role device however i did not sincerely take this entry so can not declare that one though we did come into this region proper vital phase being we got here to the precise place i pointed out and now not because
i pointed out it is due to the fact this used to be a preceding place that rate had used as aid and resistance it is no longer some variety of secret method this is very easy sincerely however it is some thing that presents a big area over the market if you operate it persistently so i have
no concept why greater traders do not use this easy method in order to enlarge the accuracy of their trades and usual extend their buying and selling income however charge did come into this region this stage and we did see some help as i stated again in remaining week’s and the cause i
was looking ahead to that remaining week was once due to the fact we have what i reflect onconsideration on a one two three go breaking above our preceding excessive fee pulling again to that preceding excessive gave me cause to agree with we should see a greater excessive come into the photo that’s
not what came about even though and alternatively we acquired a little jump and charge began pushing decrease so let’s talk about what’s subsequent now we have pushed beneath this region i am no longer searching for lengthy trades i truely count on fee to both shoot up or shoot down if we go down what’s going
to be the subsequent stage i am paying interest to for viable purchase trades nicely that degree is virtually going to be proper right here it is the preceding stage that charge used as aid so if fee continues decrease this is
probably a lengthy methods away in phrases of time this is a stage i see as feasible assist so if we come down to this location which once more can also take a whilst this is an vicinity it really is been examined as help and resistance searching left more than one instances and will be an place i appear for possible
long trades if we push up from right here i will no longer be searching right here for viable promote trades i mentioned this final week for these of you who did no longer see that remaining week the cause i do not seem to be for promote trades proper right here is due to the fact if fee is doing this
and even if we push down like this what is the probably state of affairs the in all likelihood situation if we’re persistently making greater lows alongside with greater highs is that we make a greater excessive so if it really is the in all likelihood state of affairs why would i desire to strive to promote from this excessive it’s why i am not
looking right here for any kind of promoting alternate as an alternative i am going to be affected person and wait for charge to destroy above this degree if that occurs i am going to wait for a pullback and i will purchase from the sector between 0.7623 and 0.7575
so it really is sort of what i am searching at right here on the aussie dollar in phrases of this genuine method i possibly may not have a buying and selling chance at least for the subsequent week or so right here on this pair due to the fact we’re genuinely a ways away from any
important degrees of shape that i layout to use to change so that is the pinnacle 5 most important pairs subsequent up we’re taking a seem to be at the canada swiss change you noticed at the commencing so i can damage down the complete approach for you then we’re going
to take a appear at bitcoin and the secret agent alongside with gold due to the fact gold used to be the pair that you guys put in the remark area the most for the duration of the ultimate i did like this so for these of you who are new if you have a pair that you desire me to spoil down i do not care what it is in it can be a inventory or a foreign money pair
or a crypto anything it is put in the feedback the one this is commented the most i am going to do in my subsequent and i will spoil it down for you so let’s go in advance and take a appear at the full alternate on the canada swiss and i am going to see you guys there right here we are on the canada swiss chart let’s go in advance and ruin this alternate down
if you are searching at the chart primarily based on what you’ve got discovered so a long way in this why do you suppose i used to be involved in this as a buying and selling chance from what you see proper now nicely with a bit of luck you have been capable to say that we have simply had a one two
three pass out of charge inserting me into a shopping for attitude now not always an uptrend we’re form of in consolidation at the moment however if we simply now broke into new highs a greater low is what i would average anticipate so with that with that in thought nearly stumbled over all my
words proper there with that being in thought the place is it possibly that the greater low comes to properly an place that was once the closing vicinity broke in phrases of resistance is likely
going to grow to be help if we’re going to proceed in an uptrend this is what the state of affairs is so with that being the case it truly is the purpose i was once fascinated in this region to area a purchase exchange ok so as lengthy as i have this one two three
move and we have greater highs occurring then i am watching for a greater low that greater low is most probable going to come from the preceding excessive that used to be damaged out of charge now that i have that what i determined to do is drop down to a smaller time body as i’ve simply taught
you i like to go down to smaller time frames due to the fact it offers me a smaller give up loss and consequently large reward to hazard chances on my trades so and precisely like what you see right here on the canada swiss with about a three to one reward to danger ratio however down right here i
started seeing a lot of shopping for strain and i did not enter pretty but here is what i waited on all this shopping for strain coming into the photograph and when i say shopping for strain very clearly put there used to be three inexperienced candles that had been largest inexperienced candles one of them had a surely lengthy tail to the backside i will zoom
in a little greater in all likelihood makes it simpler if i do this one having a little bit of a longer tail to the backside i nearly entered at this factor waited a couple extra candles due to the fact i desired to see what rate would do and i noticed this at this point
bears have now tried to push this market decrease if we’re going to see this flip into a bearish go it will probably be after a lot of bears strive to do so at the opening so a lot of bears come into the image strive to push the market down
with this crimson candle i virtually bought concerned and entered the alternate on this candle due to the fact that confirmed me that bulls had been no longer geared up to lose this degree the bulls did now not prefer to see charge maintain going decrease if they did it possibly would have saved going decrease and we would
not have viewed this massive inexperienced candle which indicates bulls pushing again in opposition to the bears so would that be the case each and every time i say bulls and bears simply assume of bulls as inexperienced shopping for stress bears as crimson promoting stress simply in case you are company new however it’s what i noticed this is the cause i determined to enter
this alternate out right here on the 4 hour chart and considering the fact that then as you can see charge simply shot up now it’s now not what rate does each time i have dropping trades someplace between fifty five and sixty five of the time is what i win with this actual setup precisely what i’m
showing you now so it is now not like i win each change and when humans hear fifty five percentage they many times do not virtually suppose about it that potential i lose forty five instances out of a hundred it truly is a lot of losses to suffer however it truly is section of buying and selling so with any luck you can get used to
that due to the fact if you cannot get used to dropping trades then you are gonna have a sincerely tough time turning into worthwhile anyway proper so that was once the canada swiss let’s go beforehand and go on now subsequent up we’re gonna take a seem at gold gold used to be the most
look at it destroy it down for you guys the use of the equal genuine swing buying and selling method that makes use of fee motion to discover key factors in the market to take benefit of so proper now on gold searching at the chart we are in an uptrend at this factor as of this exact
moment cause is that we have now created new highs in contrast to a lot of the preceding highs charge pushed down obtained to one of these preceding highs on the grounds that then we’ve got pushed up a little we’ve got considered a large go down one of two matters are going to take place from right here and what i
want you to get used to is and what truely modified my buying and selling once i grew to become accustomed to this was once that whenever i appear at a chart there are two unique eventualities fee is both going to drop or go up finally once more there we may additionally consolidate right here for a
while however ultimately we’re gonna do one of these two matters proper so what i choose to put together myself for is if charge goes decrease the place am i going to be searching to purchase if fee goes greater the place am i going to be searching to promote so in this actual state of affairs and from the place fee is
right now is the place you want to be asking that query from if that makes experience so if rate from the place it is proper now goes down the place do i want to seem to be for viable purchase trades is it proper right here nicely for me no at this factor we’ve
pushed up this is type of the cease of the pullback and bulls tried to rally from this vicinity however if they cannot motive greater highs from this preliminary push up the greater in all likelihood eventualities that we push up and then we destroy beneath this degree if we damage beneath that degree appear down and to
the left the subsequent degree we have is proper right here so this is the subsequent level rate we will get to if bears take over and we push under these preceding lows if it really is the case this is my subsequent degree i prefer to pay interest to
for feasible purchase trades that level’s between 1873 and 1851. if the charge of gold receives down to this stage it is an region i will seem for viable purchase trades out of on decrease time frames now the different situation is that rate should do what
start heading greater if rate starts offevolved heading greater and we get lower back up to this vicinity do i choose to be a vendor proper right here let’s take a seem to be at this so for a
uptrend what takes place in an uptrend in an uptrend this takes place all the time each time rate creates new greater highs above its preceding highs it comes to a scenario the place there is a double pinnacle situation so this being that double pinnacle situation is this the place you choose to start
trying to appear for mobile trades nicely no longer for me no longer my my logical talent will no longer make feel of this if we’re in an uptrend and probabilities are we’re going to proceed in that uptrend if we do create a greater low then at this excessive is no longer the place i am searching for sale trades no way so with
that being the case for me i am now not going to be looking for promote trades right here alternatively i will wait for rate to wreck above that stage this is when i can begin searching for trades after fee breaks above this location proper here
that will be what i appear for is a pullback into the location of about 2068 between that and 2044 bucks this is the place i will seem to be for a pullback and viable entries on decrease time frames this is form of like a greenback yen scenario we
really do not have a excessive that we can see above the place the best excessive that has been made is so with that being the case nothing we can seem to be for in phrases of promoting trades so the solely two trades i would be searching for
on gold proper now are the two conditions the place first off we get down to our preceding degree of help and we get feasible purchase trades there or we get a huge rally that breaks above these preceding highs then a pullback into that location would grant some aid and this
is the place i would seem for trades that is my breakdown of gold and what i am going to be searching for in phrases of swing buying and selling going from the day by day chart from my evaluation down to the 4 hour perhaps the one hour for feasible entries subsequent up let’s take a seem to be at bitcoin so last
week on bitcoin we talked about this region proper right here being a minor degree of shape that i ought to seem for feasible buys from however i wished it to be a very conservative entry like a double double backside excuse me that breaks
through the neckline very conservative now not a candlestick sample no longer simply a double backside i want to see a lot of bullish strain in order to inform me that the market wishes to go greater from this little minor stage by no means did get that so given that i did not get that this degree is now completely
irrelevant the subsequent component that i am searching for in phrases of purchase trades on bitcoin is fee to surely get into my sector we obtained definitely shut right here and that would possibly be all rate wanted in order to push up we may additionally see bull semi takeover
from this factor it’s very feasible however i did not have a exchange i did not get a alternate to add to my lengthy role on bitcoin but i will have that possibility even though if rate does proceed a little
bit decrease get between 38 171 and 36 618 and then provide me a purpose to purchase with some thing like a candlestick sample or even a double backside or some variety of head and shoulders sample inverted on a decrease time body it’s what i will be searching for in this vicinity if we do proceed decrease on bitcoin if we begin to
push greater i am no longer searching right here for brief trades can all and sundry inform me why if so write in the feedback you do not have to write out the total factor simply say yeah i recognize why and this is why i am announcing that is due to the fact i’ve defined this a couple of instances proper if we’re doing this
and rate is constantly developing greater highs and greater lows what’s the possibly situation that we’re going to proceed growing greater highs and greater lows it is referred to as a trending market when charge is in an uptrend then
it is probable that it is going to proceed developing greater highs and greater lows so proper now on bitcoin what’s befell low excessive greater low greater excessive in contrast to the preceding excessive at this factor the
most probably state of affairs it is no longer a hundred percentage would not imply it continually occurs however the extra in all likelihood state of affairs is a greater low and then a greater excessive so i am no longer going to be attempting to promote from this region right here simply would not make any logical experience to me so with that being the case
if fee does take this massive go up i am going to have to wait for a smash and shut above this degree and a pull returned to that stage around forty seven 804 and forty six 481 for possible
buy trades now if we get up to this region between fifty two 808 and five hundred about 5100 even no longer 5100 fifty one zero is an region that i can seem for feasible cellphone features at this region would be a location i seem to be for feasible cells and once more the cause for
that is due to the fact it is the location that the subsequent massive pullback is probable to come from due to the fact it is the subsequent resistance charge will hit if it continues greater previous its preceding swing excessive previous its preceding resistance stage so it really is my breakdown on bitcoin next
up let’s appear at the undercover agent secret agent right here we go on this pair we talked about it ultimate week there may be absolutely no longer lots it truly is going to be taking place until we get some large strikes out of this proper now i stated this pair i understand it is now not a pair however it’s what my talent has been saying
throughout the complete so if i name the secret agent a pair a couple of instances sorry it is gonna manifest but anyway right here on the sby what we have is two distinctive situations like each and every different forex pair or crypto we’ve got regarded at
the two situations are both gonna go up or down if we go up am i searching at this as a stage of resistance i choose to promote from with any luck you stated no i do now not prefer to promote from this stage we have had a break
of resistance a low greater low now every other greater low if we proceed greater possibilities are we damage into greater highs i do not choose to be promoting from this excessive i am going to promote from the next excessive due to the fact from the subsequent excessive it really is the region the pullback is probable to take place at and also
another element that i am searching for is a wreck of this excessive so i can seem there for feasible purchase trades round 4 six two factor three six and 4 5 seven if that takes place once more i am going to be searching for purchase trades there on decrease time
frames every other way i can seem to be for purchase trades is if charge truly continues decrease if rate does proceed decrease and get between the 417 and 411 region that will be an location i additionally seem to be for viable purchase trades right here on the s p y
so i did not get completed modifying the the day prior to this so it is the subsequent day now and the greenback swiss did precisely what i used to be watching for got here up into our region and i noticed some promoting strain and proper now you can see that i do presently have a brief role on the greenback swiss
meaning if you are new i am making mon