Price Action

Lesson Last - Rules, Principles of System

1. Never put take profit. We can never know when a trade ends. 2. SL must be put 1/3, or 2/3 when its broke from a range zone, or must be put below/above + 10 pips the candle which breaks a trendline. 3. Enter only on breaks, use only STOP orders (no limit orders) 4. Before entering, check the trend direction. Primary, Secondary, Minor. 5. Everything is reflected in the price. Don't watch live economical programs, and don't even read news, or read news ...

Lesson Last - Rules, Principles Of The Strategy

Lesson 5 - Tools of Strategy, BRN's and PPZ's

Lesson 5 - Tools of Strategy, 's and PPZ's Introduction So we almost reached the last element of the strategy, now it's 's and PPZ's turn. Firstly, let's see what do they mean. BRN: Big Round Numbers. BRN's have a big influence on the price movement. We are humans, and we like using round numbers because it's just easier. It will be seen on next charts. PPZ: Price Pivot Zones. Dynamic support/resistance, which can help really when placing an SL. How to draw a ...

Lesson 4 - Tools of Strategy, FIBONACCI

Introduction Fibonacci is a really basic tool of technical analysis just like trendlines. Basically, Fibonacci numbers are resultant from adding the previous together to find the next. For example 1+1=2, 2+1=3, 3+2=5, 5+3=8 and so on. The Fibonacci string would look like this: 0,1,1,2,3,5,8,13,21.. Everytime we would like to see the correction in % of a trend, then we use Fibonacci Retracements. Strong correction levels are: 23,6% ; 38,2% ; 50% ; 61,8%. There are also other levels, 161,8 ; ...

Lesson 3 - Tools of Strategy, TRENDLINES

Lesson 3 - Tools of Strategy, TRENDLINES Introduction Trendlines are probably the very first tool of technical analysis. Almost every trader use trendlines as a basic method of predicting rebounces and reverse points. The best thing in it this is really simple and can give you really nice and accurate signals if used properly, but also have to tell that trendlines are really subjective, every trader draws his\her trendline at a different place. A trend line is formed when you can ...

Lesson 2 – Tools of Strategy, MOVING AVERAGES

Introduction The first technical tool which we will review and study is the Moving Average (MA), which is widely used amongst trend traders. Using Moving Averages is a great way to get more information about the „Big Picture” with leaving the noise of the market behind, no wonder, it's really popular. Easy to use, easy to integrate to any trading system. IMPORTANT! Every tool of this strategy can be combined, which means you don't have to use all the tools ...

Lesson 1 – Introduction, Trading Naked

Introducion Welcome everyone to the blog Trading Naked! My name is Richard D., I am a full-time trend and price action trader for a longer time. At the blog I am going to introduce my strategy with a full description and help you to know how to trade forex profitable. Later, when everything have been discussed it's possible setting up a section where free realtime price action trade opportunities would come with a chart, so it will be more easier to ...

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