Trading Forex price action is the Holy Grail of trading.The technical aspect of trading seemed easy while the psychology and money management a proved difficult aspect of trading to master. It takes a whole lot of inner development to grasp the necessary skill set to fine tune the mind that trade effectively and consistently.Patience is the key in effectively testing the strategy employed by a trader over time.
Price Action setup light the way for effective execution of edge presented by the market.Not all bars are setup.Good setups
must have confluences backing it up before it can be considered to be a high probability edge.After years of failures in the market, i realized that there are different types of Price Action Setups.
(1) SCREAMING SETUP. These are setups that met all category of high probability edge, supported by confluences: key support, key resistance, horizontal resistance, horizontal support, swings point. etc .The beg for your attention without much thinking and analysis .eg
(1)PIN BAR AT KEY SUPPORT.
Price Action setup light the way for effective execution of edge presented by the market.Not all bars are setup.Good setups
must have confluences backing it up before it can be considered to be a high probability edge.After years of failures in the market, i realized that there are different types of Price Action Setups.
(1) SCREAMING SETUP. These are setups that met all category of high probability edge, supported by confluences: key support, key resistance, horizontal resistance, horizontal support, swings point. etc .The beg for your attention without much thinking and analysis .eg
(1)PIN BAR AT KEY SUPPORT.
(2)PINBAR AT SUPPORT
(3)PINBAR AT KEY SUPPORT
(4) FALSE BREAK AT HORIZONTAL RESISTANCE
(5) PINBAR AT SUPPORT
Conclusively, setup at key levels on the chart that are screaming tends to have high probability of working out at the long run.We just need patience to wait for their formations.
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