Forex Price Action

[Forex School Online]

Hello my name is Johnathon Fox.

I am a professional trader and trade solely using high probability Price Action signals from very good levels alsong with strict money management and a few techniques to protect capital at all times. Most of my trading is done of the 4hr and daily charts.

The Price Action trading method I use is very clear and simple and something others can learn very easily. I have not invented this method and everything I teach is something I have learned from someone else and have perfected to suit myself. I am a very straight forward and simple person and have tweaked my trading technique to reflect that.

Price Action trading has been around for a long time and will be around for a long time to come. Unlike other indicators and black box systems Price Action trading does not stop working when the markets change! Traders who learn this method will have a trading method for life!

I have now committed myself to helping other traders learn how to trade Price Action and how they can drag themselves out of the indicator hole! Nearly everyone starts with indicators until they work out that they simply do not work and learning to read price action and how it behaves is the key to successful trading.

I hope everyone enjoys this thread. This thread is for anybody who wants to trade successfully using nothing but raw price! Please read the instructions below and please feel free to comment and ask questions. I started this thread for everyone to join and get involved so please don't worry about asking any questions at all! We have all been new traders once and I will make sure everybody is treated fairly and in an friendly environment where people can learn and feel safe to ask any questions.



EDIT:

INSTRUCTIONS FOR FOREX PRICE ACTION THREAD. PLEASE READ BEFORE POSTING.

Please read the first 50 pages minimum before posting. A ton of information can be found in these first few pages that will show you what we do and how we do it. There is also videos in the first few pages that will explain clearly the simple price action setups we look for and how to trade them.

This thread is for Price Action discussions only. Please do not post about indicators or news. There are plenty of other threads where traders can discuss this info.

We are only concerned with high probabily Price Action setups that form at great levels. If you are after a thread that simply enters inside bars and hopes to make money this is not it. There are other threads for that.

We are not about making a million trades but making a few really great ones that have a high probability with low risk!

When posting please include charts to explain what you are looking at. The charting equipment we use is New York close 5 day charts charts. If you need a link to open a free MT4 broker please just message me as this is very easy. A few MT4 providers with these charts in demo are FXDD, FXpro, Pepperstone, Axi Trader and HotForex......

If you have any questions that can't be answered in this thread you can either PM me or email me direct.

Safe trading and all the success,

Johnathon Fox
Forex School Online

[Haley12]

Johnathon, it is good that you are going to start new conversation about "price action". It is a hot topic for forex traders.

[Forex School Online]

Thanks Haley. I hope to get some solid convos going and lots of great setups posted. I will now post a very small intro and a few recent trades played.

Johnathon

[Forex School Online]

What is Price Action?

Very basically Price Action is everything that traders are doing and how they are behaving placed on to a chart for other to analyse.

Price Action is everything that price is doing and has done on a Forex pair or trading instrument for a trader to see on a chart. All price represents on a chart is what traders have done and how they have behaved given a certain situation. For example price gets to a support area and price bounces higher. This is traders buying up at a level in the market where they think support is.

Another example of price action at work on a chart is a Pin Bar. Price gets to a certain level in the market before rejecting that level and snapping back the other way. On a chart we see a Pin Bar but that Pin Bar was made up of traders all around the world buying or selling at the same area and rejecting higher or lower prices.

This is a method that has been around for a long time and will be around for a long time to come. Unlike other rubbish indicators or black box systems Price Action trading does not stop working when the market dynamics change.


How can we use Price Action to profit?

Traders and humans are very habitual and will do the same given the same circumstances. As traders we can begin to recognise patterns that form on the chart. These patterns will tend to repeat themselves and have the same outcomes. No two trades will ever be the same and no outcomes will ever match a previous trades, but by perfecting these high probability price action patterns we can begin to place trades that over time will give us an edge in the market!

Traders can learn and perfect these trading patterns and begin to implement strategies that will over time give them an edge on the market. An edge is simply something that gives a trader a better chance than 50/50 of placing a winning trade.



What is needed to learn trade Price Action?


Clean charts-

If you want to learn how to trade Price Action you need to take of all the rubbish on your charts. Strip all the indicators of your charts and just have the plain price left. The only thing that is needed to trade the Forex markets successfully is raw price action. The price has all the information that you will need to begin making price action trades. Indicators and other rubbish just confuse and hide what is really going on!

Think of it this way if all indicators are based of what price has done, why not get rid of them and learn to trade the price yourself!


Continual education and practise-

Learning to trade Price Action successfully takes continual practice and commitment to perfecting your craft! The more screen time you put in the better and quicker you will pick up price action trading and begin to perfect your method.


An Edge on the market-

As a Price Action trader your edge on the market is going to be the Price Action signals you use to enter trades. These can be found all through this thread. Take your time to learn them and then perfecting them!

Below are two charts showing the type of clear and obvious Price Action setups this thread will help traders learn.





Price Action can be a very rewarding and successful trading method if carried out correctly. Commit to learning the correct processes and then go about perfecting you method!


Safe trading,

Johnathon Fox

[Forex School Online]

Here is a chart of the EURUSD 1HR time frame. The EURO is excellent at firing of intraday signals that produce huge results. The bigger and more obvious the setups the more often they work. This was simply a Price Action traders bread and butter!



Johnathon Fox

[Forex School Online]

Here is a chart of the 1hr TF EURUSD again. This chart shows the very large and very obvious Bearish Engulfing Bar that I traded live. I will attach a video of this trade in the next post.



Johnathon Fox

[Forex School Online]

Here is a video of a live trade of the above setup i posted on the EURUSD 1 hr TF.

The Bearish Engulfing Bar can be one of the most powerful and reliable setups when a Price Action trader learns how to trade and manage it correctly.



Please feel free to leave comments or post/discuss any price action or setups.

Safe trading,

Johnathon Fox

[Forex School Online]

Below is a video of a live trade played on the daily timeframe on CADJPY. I love trading the daily time frame and once most traders do it they find the same thing.

Enjoy,

Johnathon

[bhops]

Hi Johnathon,

I do like the PA signals you are advocating. I first found PA trading over here on Babypips but for one reason or another threads on pure PA trading just seemed to die out.

Here is a nice BUEB I am looking at on the NZD/CAD Daily. It has happened at a nice level but I really like to trade pullbacks and this hasn't quite pulled back enough for me. I will keep an eye on it though.



I'll chuck a few more up as I see them.

[Forex School Online]

Hi Johnathon,

I do like the PA signals you are advocating. I first found PA trading over here on Babypips but for one reason or another threads on pure PA trading just seemed to die out.

Here is a nice BUEB I am looking at on the NZD/CAD Daily. It has happened at a nice level but I really like to trade pullbacks and this hasn't quite pulled back enough for me. I will keep an eye on it though.



I'll chuck a few more up as I see them.

Hey Bhops,

just be careful trading reversal signals that have formed without a significant pullbacks or rotations. The other thing to watch is the pip spread on this exotics!

Safe trading,

Johhathon