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Trading in the shadow of Smart Money. Learn to trade in the same direction. If you are going to play it You better understand it. The Masters & Teachers of the Wyckoff Method & Volume Spread Analysis: Tom Williams and Richard Wyckoff. If you put on your charts just daily charts with the On Balance Volume indicator only (or Tick volume) - might change how you look...

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Support and Resistance Support occurs when falling prices stop, change direction, and begin to rise. Support is often viewed as a “floor” which is supporting, or holding up, prices. Resistance is a price level where rising prices stop, change direction, and begin to fall. Resistance is often viewed as a “ceiling” keeping prices from rising higher. If price breaks...

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For your homework: find all engulfing, harami and pin bar setups on different Forex pairs on hourly time frames or higher. Where did these patterns happen- Price and Time? How could you have traded them? entry, stop loss and targets What risk management would you use or lot size? What is a pip move worth with keeping trades 1% to 2% of your account. These two...

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Outside Bar/Outside Day (Engulfing): Rules (chart example is a bullish setup) 1) This bullish outside bar/outside day or engulfing candle means new buy or bullish money is coming into Forex pair 2) Price action encompassed the high and lower of previous days price action (chart: Fridays) 3) This candle happened on a Monday- mostly lowest liquidity and volume...

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Both Buy and Sell Stop Orders are trade order set before current price hits those orders and gets you into a new trade. Buy Stop Order: An order that is executed at a specific predetermined price that is above the current price. Sell Stop Order: An order that is executed at a specific predetermined price that is below the current price. NEVER chases...

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Forex is not about making pips, but managing your pips per trade. There are many different areas in which you can take profit. Advise you back test to see what works best for you and your trading style. You must also take into consideration if you are trading with the trend or against the trend. When looking at trade targets look left at what barriers price may...

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Examples: Do this on daily charts- understanding candlestick language will assist you in trading and risk management. 1) Supply Zone/Resistance area 2) Demand Zone/Support area 3) Trends- bearish or bullish 4) Price Action? Top to bottom how many pips? 5) Any Engulfing Candlestick patterns? 6) Any Harami Candlestick patterns? 7) Any Pinbar Candlestick...

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Break and Retest Strategy: Bullish example on chart: 1) Quick price action move or continuation phase on chart 2) Price action protected the critical line, structure and future stop loss of 119.000, during exhaustion phase. Could use a fib ret 50%-61.8% for entry. 3) Showed a great two day Engulfing pattern on chart for entry for buy market trade at close of...

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How To Pick Out The Strongest 123 Forex Setup: The Most Powerful Trading Setup In Forex!!! 1) The 1 needs to be at the extreme high or low of chart (on chart example a bearish 123 setup). 2) The 2 needs to be lower then 1 on chart and turn around to the 3 3) The 3, but 3 can not be higher then 1 on chart 4) From 3 to 4, you can (if aggressive entry) enter...

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Chart is example of a 3 bar reversal pattern A.C.E. Strategy. 1) Alert Candle - Large red candle ( wick to wick or bottom to top of candle) 2) Confirm Candle- Smaller red candle ( doji is a very good sign and candlestick) 3) Enter Candle- Larger blue (green usual) that is larger then Alert candle When 3rd candle of this three bar reversal pattern hits the...

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Most of the novice traders believe that trading FOREX is a gamble! Why do traders fail? 1) They trade with the aim of getting luck to make money. 2) Their greed exceeds their need. 3) They think trading is a game of chance and luck and do not get the proper education to succeed. 4) They do not favor to invest enough time and amount for education and...

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Evening Three Candle (pattern) How To Trade: Evening Star- is a three candle pattern with the highest middle candlestick, but also the smallest body and slight shadows/wicks. The third candle goes below the bottom half (1/2) of the body of the first candle and its opening FALLS below the opening price of the middle candle. The evening star is a reflection of...

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Yes, you should try them yourself: Why? Makes Forex trading a lot simpler to do I add boxes on daily of: DAILY BOXES: 100 pip boxes - vertical lines every Monday and horizontal lines every price action number ending in .000 (psychological #) 4 HOUR BOXES: 50 pip boxes- vertical lines every day after session opens and horizontal lines every .000 & .500...

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Can you blend or put together many candlesticks together in your head? If you can do this your profits and win rates will improve. Blended several four hour candlesticks together to make a Bullish piercing pattern: on AUDJPY 1) Look for a sharp down move (Bearish) - two /4 hour candlesticks 2) Look for a move up (Bullish)- three/4 hour candlesticks= with price...

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Pin Bars Are in Top 5 Reversal Candlestick Setups: Chart example Bearish Pin Bar 1) Price for Candlestick Push Up Higher, but Seller are stronger & end up pushing price action down to lower edge of candlestick 2) Wick/Shadow/Tail should be 2/3 or more of candlestick in length of real body 4) Real body should be 1/3 overall length of candlestick 5) A bearish...

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How Do You Learn? Break down charts: example AUDJPY 4 hour chart. Why so when you see these LIVE, you can trade without emotions. What Do You See? 1) Demand Zone 2) Critical Price Levels or Psychological numbers (.500 or .000) 3) Aud strength vs JPY weakness 4) Elliot impulse 5 waves 5) Dojis, Harami or Inside Bars, Engulfing candlestick patterns 6) Know when...

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Harami or Inside Two Candlestick Pattern: Shows us: Price is not willing to break beyond the previous bars range. Tug of war between buyers and sellers. Important point: Use these patterns in conjunction with support and resistance to trade. Risk management involves: lot size, entry, stop loss and exits.

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Engulfing (Bullish or Bearish)- on any time frame, but like most things in Forex higher time frames works better and are more profitable too. Example chart is hourly of ChfCad, which moved great on Friday. Rules: Chart bullish engulfing ( can be used for bearish engulfing too) 1) Look for small bearish candlestick 2) Look for body of next bullish candlestick...