Support and resistance are the basis of price action trading. Part of any technical analysis 101 course, every trader goes through them. Moreover, throughout a trader’s life, both price action and support and resistance levels will follow his/her analysis. And, for a good reason. They’re reliable, rarely give false signals, and keep the trader on […]
Price action trend reversal strategies are old as technical analysis. Before trading theories and indicators appeared, traders used naked charts to spot the best trade. Technical analysis using price action is the purest approach to markets. Because there’s no indicator to blur the charts, trades become apparent. Moreover, when applying money management rules, trend reversal […]
One of the oldest principles in technical analysis, the Dow Theory guides traders to this day. For almost a hundred years, the Dow Theory technical analysis principles fascinated traders. Those still wondering what is Dow Theory, will find this article useful for Forex trading too. Traditionally, there are two ways to look at a market. […]
Price action trading is a form of technical analysis. But, a special one. A price action trading strategy focuses on current price levels derived from previous ones. That’s what differentiates the price action of a currency pair from trading with indicators. Moreover, Forex price action works on all time frames. When it comes to price […]
