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Gateway Connectors If your broker is not listed above, you may be able to connect using one of our Gateway Connectors listed below. Please contact your broker for details. The Authority’ on Price Action Trading. In 2016, Nial won the Million Dollar Trader Competition. Below I talk about a Forex Candlestick Reversal Bar , one of my favorite Trading Strategy I use when trading from horizontal support and resistance areas of the daily charts.
Often we see a trading range develop on the major pairs and following the simple laws of market rotation, we can trade reversal bar entry triggers from the higher resistance and lower support points of the trading range. In this video we are looking at how to trade forex price action horizontal levels and price reversals on the daily chart, nothing intra-day, I discuss how I made a 3 to 1 risk to reward daily time frame trade. Only clean charts in this video, no indicators, just price bars at significant horizontal levels. Price action actually means the activity of price or the ebb and flow of price itself, the facilitation of price from a to b then to b to c. It is very important that people realize that applying anything over their charts is second hand lagging data. A price-only daily chart shows you everything you need to see, which is the raw price data for each day, all you should be thinking about is plain vanilla price action. Draw levels at the start of each week and leave them on the chart until they are no longer valid.