Ride the Trend with Price Action Analysis:
Nial Fuller is an Expert Forex Trader , He Has been trading Price Action Strategies in the Forex Market for almost a decade, He Also runs A Forex Education and Training website for Aspiring Traders. Visit Price Action Forex Trading Training website http://www.learntotradethemarket.com/
In the trading community we often hear such axioms as “the trend is your friend” or “ride the trend until it ends”, but how exactly do we accomplish such seemingly self-evident claims? Often once we start trading with real money we realize that what seems like it should be easy is rather like chasing a balloon on a windy day. We then start to doubt ourselves and look for a new system or another indicator or throw more money into our trading account.
Often the problem in finding and identifying market trends is a lack of simplicity and or flexibility in our trading method.Take off all indicators and whatever else you may have on your charts. All you need to identify and ride trends is the ability to spot price action setups and draw horizontal lines.
By making horizontal lines at important market turning points as they occur we can focus on the levels that matter the most. I have developed a trading method around these horizontal levels that shows you specific price pattern setups to watch for at these areas. Most traders spend too much time looking at what they think is a price pattern but is actually just market noise. By knowing specifically what to look for on a price chart you can save yourself a ton of time and money and get right to the point.
Riding trends is a matter of finding the “hot points” in the market, once you find these levels you mark them with a horizontal line and then watch for price action to occur. You want to leave these horizontal lines on your charts for as long as possible because as Steve Nison likes to say, “old support becomes new resistance”, this means the same levels tend to see action over and over.
A common mistake amongst beginning traders is to think that when a trend is greatly extend this is the time to get in. Physically and emotionally it makes sense because you feel good about entering when the trend is strongly extended. However, professional traders have learned that these are the precise times the market is due for a correction.
I divulge in my forex trading course how to pick the best times to enter a trend and what to look for at market swing points. Trading is a contrarian game, which is a great reason to learn from someone who knows the road to profits well. I provide an easy to understand and profitable method for trading the forex market, that if combined with a dose of discipline on your part might be able to make the difference in your trading results. I have been working on and perfecting my unique way of trading using price action for years now. All you have try to do is block out all the confusing and overly complicated trading materials out there and let yourself believe in common sense and logic.
I know when you first start out trading the natural tendency is to over-think it and it make it more complicated than it is. I promise you though that over-complicating trading is a sure-fire way to blow out your trading account. So allow me to show you a unique market perspective and teach you the price action method that I have perfected after years of market analysis.
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