Forex Price Action Trading
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NZDUSD Finds Support at September High, but Will It Last?

NZDUSD Finds Support at September High, but Will It Last? | Forex Price Action Trading | Scoop.it
NZDUSD fell to its lowest level since mid September during yesterday's session. The pair is now resting on new support at 0.6455 after being down more...
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Parity for EURUSD? How About 0.8225, Instead?

Parity for EURUSD? How About 0.8225, Instead? | Forex Price Action Trading | Scoop.it
Making bold predictions as a Forex trader is a fool's game. Any good trader will tell you that it's an irresponsible gesture, not to mention completely...
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Always Let the Market Make the First Move | Daily Price Action

Always Let the Market Make the First Move | Daily Price Action | Forex Price Action Trading | Scoop.it
Do you know what separates the profitable Forex traders from the losing ones? It isn't inherent ability or some special trait that they are born with....
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Trading the Rising & Falling Wedge Patterns for Huge Profits

Trading the Rising & Falling Wedge Patterns for Huge Profits | Forex Price Action Trading | Scoop.it
Of all the reversal patterns we can use in the Forex market, the rising and falling wedge patterns are two of my favorite. They can offer massive profits...
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Successful Forex Trading is a Process, Not a Project

Successful Forex Trading is a Process, Not a Project | Forex Price Action Trading | Scoop.it
In today's article we are going to discuss why successful Forex trading is a process and not a project. You will learn why breaking down larger...
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Weekly Forex Forecast - GBPAUD, GBPUSD, AUDUSD

Weekly Forex Forecast - GBPAUD, GBPUSD, AUDUSD | Forex Price Action Trading | Scoop.it
GBPAUD had one of its largest one-week declines since the start of the year. The decline began as the pair found resistance from a trend line that dates...
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How to Trade Forex "Blind" Using Daily Average Range

How to Trade Forex "Blind" Using Daily Average Range | Forex Price Action Trading | Scoop.it
Trading Forex blind without the need for confirming price action can be a great addition to your trading toolbox. But just like any strategy that we use...
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5 Forex Trading Mistakes You Can't Afford to Make

5 Forex Trading Mistakes You Can't Afford to Make | Forex Price Action Trading | Scoop.it
When it comes to Forex trading, there are literally a thousand different ways to make money. Everything from algorithmic trading to using simple price...
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How to Trade the Inside Bar Pin Bar Combination

How to Trade the Inside Bar Pin Bar Combination | Forex Price Action Trading | Scoop.it
By the end of this lesson you will know what the inside bar pin bar combination looks like, how and why it forms as well as how to profit from it over...
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Forex Trading is Not for the Faint of Heart | Daily Price Action

Forex Trading is Not for the Faint of Heart | Daily Price Action | Forex Price Action Trading | Scoop.it
Why is it that 90% of Forex traders fail? Is Forex trading really that difficult? It can be at times. Not because it's incredibly hard to discern...
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DPA Member Gets Hired as a Prop Trader - Case Study

DPA Member Gets Hired as a Prop Trader - Case Study | Forex Price Action Trading | Scoop.it
Ever wonder what it would be like to trade for a Forex prop trading firm? One of Daily Price Action's very own is about to live that dream.
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9 Things You Didn't Know About Successful Forex Traders

9 Things You Didn't Know About Successful Forex Traders | Forex Price Action Trading | Scoop.it
What is it about successful Forex traders that sets them apart? Here are 9 characteristics of highly successful Forex traders that I bet you didn't know...
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The Definitive Guide to Choosing a Forex Stop Loss Strategy

The Definitive Guide to Choosing a Forex Stop Loss Strategy | Forex Price Action Trading | Scoop.it
In this lesson we're going to cover a very simple Forex stop loss strategy that will help you sleep better at night. We'll also discuss why market...
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Forget Searching for Forex Trading Strategies, Do This Instead

Forget Searching for Forex Trading Strategies, Do This Instead | Forex Price Action Trading | Scoop.it
Want to become a consistently profitable Forex trader? Of course you do, otherwise you wouldn't be here reading this. But unfortunately most Forex...
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Weekly Forex Forecast: EURUSD, GBPUSD, NZDUSD

Weekly Forex Forecast: EURUSD, GBPUSD, NZDUSD | Forex Price Action Trading | Scoop.it
A quick glance at the docket hints at a slow start to the new trading week. Continue reading down the page and it becomes apparent that the second half...
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5 Keys to Successful Forex Demo Trading | Daily Price Action

5 Keys to Successful Forex Demo Trading | Daily Price Action | Forex Price Action Trading | Scoop.it
Demo trading isn't just for practice. It's the training ground for the challenging journey you have embarked on to become a successful Forex trader...
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AUDCAD on the Brink of a Major Collapse? | Daily Price Action

AUDCAD on the Brink of a Major Collapse? | Daily Price Action | Forex Price Action Trading | Scoop.it
AUDCAD is a pair that I rarely talk about and trade even less. This is mostly due to the choppy behavior the pair often exhibits. However the price...
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NZDJPY Breaks Rising Wedge - 85.85 in Sight?

NZDJPY Breaks Rising Wedge - 85.85 in Sight? | Forex Price Action Trading | Scoop.it
Since that time the pair has gradually risen higher, carving out a rising wedge that is best seen on the 4 hour chart. Today's price action has broken...
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Understanding Forex Supply and Demand | Daily Price Action

Understanding Forex Supply and Demand | Daily Price Action | Forex Price Action Trading | Scoop.it
Perhaps one of the most important aspects of Forex trading is understanding supply and demand. These two terms will become your foundation as you begin...
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EURGBP Potential Double Top - All Eyes on .7225

EURGBP Potential Double Top - All Eyes on .7225 | Forex Price Action Trading | Scoop.it
The potential double top that is best viewed on the 4 hour time frame sticks out like a sore thumb as does the break of trend line support on April 8th...
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Weekly Forex Forecast: EURAUD, AUDJPY, NZDUSD

Weekly Forex Forecast: EURAUD, AUDJPY, NZDUSD | Forex Price Action Trading | Scoop.it
Making money in the Forex market is all about finding strength imbalances between currencies. In other words, pitting a stronger currency against a weaker..
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How to Use the Forex Factory Calendar: The Definitive Guide

How to Use the Forex Factory Calendar: The Definitive Guide | Forex Price Action Trading | Scoop.it
The very first thing you will want to do is navigate to Forex Factory's calendar. You should now see a screen similar to the one below.
Justin Bennett's insight:

The Forex Factory Calendar is by far the most user-friendly and accurate calendar to keep track of Forex-related news events. By the end of this tutorial, you will know how to use the calendar as well as how to read it in a way that is beneficial to your trading.

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Weekly Forex Forecast: GBPAUD, GBPCAD, USDCAD

Weekly Forex Forecast: GBPAUD, GBPCAD, USDCAD | Forex Price Action Trading | Scoop.it
We're going to start off today's weekly Forex forecast with GBPAUD, a pair I mentioned last Monday as one to watch. We didn't get anything on the daily...
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Price Action Setups - GBPNZD Looking Higher? - Daily Price Action

Price Action Setups - GBPNZD Looking Higher? - Daily Price Action | Forex Price Action Trading | Scoop.it
I like GBPNZD higher from here. As you can see below, the pair is resting on the bottom of this short-term channel. The two consecutive bullish pin bars...
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Price Action Setups - GBPAUD, GBPCAD and AUDUSD

Price Action Setups - GBPAUD, GBPCAD and AUDUSD | Forex Price Action Trading | Scoop.it
Based on price action on the 4 hour chart, the EURCAD is starting to look fairly constructive for another push higher. The question becomes, how high?
Justin Bennett's insight:

We finally saw some markets start to move today. Among them was GBPAUD putting in a 200 pip day.

As I type this, price is hovering around the 1.8222 level which we’ve discussed before. The level has previously acted as resistance forming the bearish pin bar on May 2nd (highlighted in blue below).

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