Price Action Trading

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JohnathonFox
10
JohnathonFox  

This is not a system but more a method of trading raw price only.

Price Action is simple to learn but not as simple to implement successfully.

I will begin posting a few charts.

Here is a trade I have just entered on the daily Gold chart. Here we have a Bearish Engulfing Bar (BEEB) at previous resistance.

[ATTACH]10908[/ATTACH]

This is not trading advice in any way.

Regards,

Johnathon

Learn Price Action Trading

Files:
Untitled.png 169 kb
Paul75
1316
Paul75  

What do you mean by

Johnathon Fox:
Price Action is simple to learn but not as simple to implement successfully.

JohnathonFox
10
JohnathonFox  

Many people can learn to spot a good trade or learn what Price Action is, however where they fall down is the waiting for the good setups, managing trades correctly, managing emotions correctly etc.

Hopefully some good convo about it can begin in here about it.............

Regards,

Johnathon

JohnathonFox
10
JohnathonFox  

Here is 2 charts from the last week of 2 PA setups.

Chart 2: Pin bar/ Bearish Engulfing Bar at key resistance on 4hr chart EURAUD. Both setups very obvious, simple and at key levels.

[ATTACH]10916[/ATTACH]

Chart 1: Bearish Engulfing Bar (BEEB) at key resistance area on USDJPY 4hr chart.

[ATTACH]10915[/ATTACH]

Regards,

Johnathon

PS: Still long the Gold daily from first post above.

Files:
2.png 46 kb
pin.png 36 kb
Darsaforx
17
Darsaforx  

Excuse me, but i don't understand you at all. Please describe your methodology in details. To make it clever for all.

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