25
P P r r i i c c e e A A c c t t i i o o n n F F o o r r e e x x S S t t r r a a t t e e g g i i e e s s Y Y o o u u S S h h o o u u l l d d K K n n o o w w T T o o B B e e A A h h e e a a d d O O f f T T h h e e O O t t h h e e r r 9 9 5 5 % % ( ( L L o o s s i i n n g g T T r r a a d d e e r r s s ) ) ( Special Report..) 95% Of Frustrated Traders Lose Money “Consistently” Month After Month…Although They Are Relying Heavily On The So Called ( Recommended) Technical Indicators For Their Trading…..WHY IS THAT SO ?? Most Importantly…How Can YOU Avoid That ? ( Read on below….) www.ForexTradingEmpire.com

Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

  • Upload
    vuhanh

  • View
    220

  • Download
    5

Embed Size (px)

Citation preview

Page 1: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

PPrriiccee AAccttiioonn FFoorreexx SSttrraatteeggiieess

YYoouu SShhoouulldd KKnnooww TToo

BBee AAhheeaadd OOff TThhee OOtthheerr

9955%% (( LLoossiinngg TTrraaddeerrss ))……

( Special Report..)

9955%% OOff FFrruussttrraatteedd TTrraaddeerrss LLoossee MMoonneeyy ““CCoonnssiisstteennttllyy”” MMoonntthh AAfftteerr MMoonntthh……AAlltthhoouugghh TThheeyy AArree RReellyyiinngg

HHeeaavviillyy OOnn TThhee SSoo CCaalllleedd (( RReeccoommmmeennddeedd)) TTeecchhnniiccaall IInnddiiccaattoorrss FFoorr TThheeiirr TTrraaddiinngg……....WWHHYY IISS TTHHAATT SSOO ????

MMoosstt IImmppoorrttaannttllyy……HHooww CCaann YYOOUU AAvvooiidd TThhaatt ??

(( RReeaadd oonn bbeellooww……..))

www.ForexTradingEmpire.com

Page 2: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

Risk Disclosure Statement

The contents of this e-book are for informational purposes only. No part of this

publication is a solicitation or an offer to buy or sell any financial market.

Examples are provided for illustration purposes only and should not be

constructed as investment advice or strategy. All trade examples are

hypothetical. No representation is made that any account or trader will or likely

to achieve profits or loses similar to those discussed in this e-book. The

information found in this e-book is not intended for distribution to, or use by

any person or entity in any jurisdiction or country where such distribution or use

would be contrary to the law or regulation of which would subject us to any

registration requirement within such jurisdiction or country.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE

RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL

PERFORMANCE RECORD, IMULATED RESULTS DO NOT REPRESENT

ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN

EXECUTED, THE RESULTS MAYBE HAVE UNDER-OR-OVER

COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET

FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING

PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT

THEY ARE DESIGNED WITH THE BENEFIT OF HINGSIGHT. NO

REPRESENTAION IS BEING MADE THAT ANY ACCOUNT WILL OR IS

LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE

SHOWN.

Page 3: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

DDeeaarr VVaalluueedd SSuubbssccrriibbeerrss,, Whether You’re currently at the office getting ready for the challenges ahead or merely checking Your inbox just before You tuck into Your cozy blanket and rest for the day… I can assure You that this **Special Report would definitely raise the bar and enhance Your Forex Trading knowledge to a whole new level…. One level that the successful ( millionaire, elite bankers or even renown hedge fund managers ) traders would NOT want YOU to know…! It is a sad truth that of the many million & billion who are trading forex globally…..only 5% are “ Really “ making consistent profits month after month. The other 95% simply ONLY keep losing their hard earned money “ Consistently” and ultimately giving up this entire forex business having burst numerous trading accounts and have developed a painful FEAR for it in the process ! If You don’t know yet…..let me share with You this fact about forex trading : In a Forex Trading business…..it is exactly like a BATTLE GROUNDBATTLE GROUNDBATTLE GROUNDBATTLE GROUND - Cold, Ruthless & Extremely Dangerous for those in the unknown ! The fact is that this is a fierce battle between both the SELLERS & BUYERS… Whoever is on the right side of the “ Dominating “ force…..they win..( and of course make profits ) Let say in a Bullish Market ( Uptrend )……it’s natural that the Buyers are Dominating the current trend.. So if YOU’re the seller and You’re “ Selling Against “ the dominating BUYERS force….You’re in fact putting Yourself in a disadvantage…

Page 4: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

Which normally leads to either the Stop-Loss being hit…….. Or if You do not usually use a Stop-Loss….You would need to cut the loss manually or worst – Dare not cut but only hoping that the trend would reverse and go Your way….! ( And I really hope You do not land in this category!) End of the day….it means You’re at the losing end…and eventually burning away the capital in Your trading account. That is why the conventional saying of …: “ Just Follow The Major Trend “ always hold true… In the Forex Trading business…..when You win….there bound to have another person on the other side who’s Losing.. It is indeed a “ Zero-Sum” game end of the day… Meaning when Buyers win…..Sellers Would Lose… Can’t possibly both win at the Same Time… That’s because when You’re selling Your position….there must be another party buying it… Or else Your position would not get filled.. But because Forex trading is a 24 hours market and with 3 Trillions $$ exchange daily… You do not need to worry about Not Getting Filled because the liquidity is very good.…. However….since You’re in this Forex Trading business to make some nice profits as additional income..

Page 5: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

Then what You need to know is definitely about how to beat the “ others “ in this entire game & Put All Odds On Your Side… And You NEED to beat them on a “ Consistent” basis….( In order to rake in Consistent income …..perhaps for the new house…that new sports car …or just to give more financial security to your love ones…) The bottom line is……You need POSITIVE “ Consistent “ profits month after month in order to enjoy the benefits of Forex Trading…… ( I’m sure You would agree with me on this….because You can’t possible stay in this trading business for long if You keep losing and bursting accounts…) However…..in such a highly competitive trading business where million or even billion of dollars are involved daily… It is really a common sense that anyone who’s into this business would want a fair share of this super lucrative fat pie… And that’s including those major banks, big institutions and even hedge funds company with at least million or even billion of capital to trade against You.. Furthermore….they are employing very experienced and sought after professional traders to trade the funds for them on a daily basis.. So in a way….You’re in fact trading against these highly skilled and professional traders too! So upon knowing these facts….did You ever wonder how You can enter a position earlier and much more accurately than these big organizations with at least million of dollars to burn ? Instead of Always Getting The Stop-Loss Hit …..or Deceived By The False Breakout Only To See The Direction Changed Straight After..? Read on as I share more about this below… ( having learnt it the HARD way myself..! )

Page 6: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

Like any newbies and even most struggling traders whom have been in this business for years…I have “ Also “ had my fair share of losing trades after trades… Bursting more than 3 accounts with a few thousands in it……in just a matter of days too~! ( I truly know how miserable and painful it is to keep losing ) I am not afraid of confessing this ( though I do have a huge Ego too..LOL ) because what matter most is that if I am willing to share it openly here in this report… I am sure anyone ( including Yourself ) who is willing to read every single words in it would definitely learn from these common mistakes and naturally know what’s best for you and how to avoid this FATAL Trap.. A Fatal Trap that 95% of struggling and frustrated traders are still fighting real hard to get out….( provided they are aware that they are in it ! )

““ MMyy SSttoorryy OOnn HHooww PPrriiccee AAccttiioonnss FFoorreexx SSttrraatteeggiieess HHaavvee SSuuppeerrcchhaarrggeedd MMyy TTrraaddiinngg

SSuucccceessss AAnndd MMaaddee MMee AAnn AAccccuurraattee && PPrrooffiittaabbllee TTrraaddeerr TThhaatt MMaakkee MMiilllliioonnss EEnnvvyy!! ““

( Note: Before You proceed…..You really have to discard everything You Knew About the so called “ Conventional Textbook Indicators “ & Technical Analysis ….because what I revealed might be super contradicting to You ! ) As a newbie to Forex trading with no knowledge in any financial tool at all… I started my journey about 4 years back learning the conventional methods of trading from the so called “Technical Analysis Textbooks” I can lay my hands on… If You have been exploring this forex trading business for sometime, You would also notice that up till date…

Page 7: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

There’re still thousands of textbooks in almost any major bookstores teaching technical analysis for forex trading using at least 3 , 4 or even 5 technical indicators plotted onto a currency chart – In order to get a Buy or Sell signal! Yes….just like the many millions who started off exploring forex trading in this manner – I mean relying heavily on the so called textbook technical indicators for my trading decision. I do make some profits by relying on such technical indicators but the thing is that they are often very lagging and not really accurate enough. Very often when there’s a trend starting…..these indicators would NOT show me the signal to enter until at least halfway or ¾ mark… When I finally get the signal to enter based on these indicators….it is somehow too late and if I could get out with a profit instead of getting my stop-loss hit….it could be considered a bonus in fact! Worst thing is ….during a ranging market ( also called sideway market ), these indicators give a lot of false signals because the price is having a whipsaw bouncing up and down….back and fro. Many a times…I spotted a good trading opportunity based on the Price Patterns but because these technical indicators are in conflict with the current patterns…I choose to believe the indicators instead… And resulted in seeing the trade go the way of the price patterns and makes me lose a good opportunity time and time again.. Soon…I begin jumping from one technical indicator to the next hoping to find “ The One Ideal Combination” that truly works consistently …..instead of only giving late and lagging signals. Sad thing is….after months of jumping around and testing out almost any technical indicators I can find….. It really makes me very tired……..and extremely disappointed in the process.

Page 8: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

Because the root of the problem keeps going in circle no matter which technical indicators I choose to plot on my chart today, this week ……or for this month.. It doesn’t give me consistent profits at all although I am strictly following the set-up accordingly….buying and selling when I see the signal from these indicators. I was always back to square one….either with :

1) Entering the trend too late… 2) Missing on good trading opportunities because indicators in conflict

with price patterns 3) Whipsaws giving me too many false signals and always getting my

Stop-Loss hit 4) When indicators give me signal to exit…it is always too late!

As a matter of truth……if You’re also wondering how many different technical indicators I have tested so far… You name it….I would have probably tested them all..

Indicators available like Simple moving averages, Exponential, MACD, Stochastic, Bill Williams, RSI, oscillators, Fibonnaci, Bollinger Bands, CCI, ADX, Parabolic SAR and such…

Hoping to find the perfect combination for Technical Analysis in order to spot that “ Magic Set – Up “ with 100% Accuracy Success…

…And literally testing out more than 30+ different forex strategies whether it is based on Technical or Fundamental Analysis….

I finally realize one single most Important & Powerful indicator which has never failed me till now…..

Page 9: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

And it is none other than the ” Price Actions & the Patterns ” it form.

“ Wait Aaron……so do you mean that using technical indicators are truly a waste of time after all ? “

IF……You’re also thinking about that at this moment….then let me clear your doubts on this because it is really crucial that You understand it too..( Once and for all…)

Technical Indicators are basically derived from “ Past Price History “ …..

That’s why most people notice and complain that they are Lagging in a way – Traders unable to rely on the signal from these indicators to get in early on a trend….as well as could not get out earlier before the price reverse..

Technical Indicators do work in someway…..that’s why they are being invented by some genius traders…

However….in order to really rely on these technical indicators for BUY & SELL signal, he/she really needs to understand how these indicators derive the signal as well as what are the LIMITATIONS they have….

Most ( 99% ) of people using these technical indicators only rely signal such as this : “ Green Line crossing over Red Line…OK – That’s a SELL Signal “…

Or maybe looking for divergence or convergence on MACD or other oscillators…etc

Or perhaps Bollinger Band contracting and expanding according to the volatility of the market…?

Page 10: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

After all…like I said…they are based on “ Past Price History “….

What YOU need most is the CURRENT Price……to tell you what’s going to happen in the short term price movements…

Current Price is much more important and accurate than Past Price….agree ?

That is why I personally do use technical indicator for my trading decision too…..BUT…..I give the priority to the Price Actions!

Because of the simple fact – Price Is The Current….Price Is Now….* Smile*

Combining Technical Indicator + Price Actions for the market analysis….it is indeed a Very Powerful Weapon You can use to bring your trading accuracy to a whole new level – Proven !

But do note that Simplicity works wonder……and I mean make the chart as simple as it can be ( No point plotting 5-7 technical indicators making it so messy and clouding your sound judgments ….)

** Only use the technical indicator IF You really understand how it is being derived and what are the Strengths & Limitations….

( Read on below as I would be showing You how I trade with at least 70% accuracy “ consistently” month after month – Using just ONE simple indicator + Price Actions analysis..)

Having understand that combined with ” Right Mindset ” + ” Good Money Managements“…

Page 11: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

I begin to see real consistent profits from forex trading every single month since… Growing an account with a small start up capital of USD $2,000 to over $50,000 in just 1.5 years using the power of compounding by merely aiming for 20% return every month on that. And up till date… this account has grown to high 6 figures now and by achieving a realistic 20% return every month… It is already a nice income of at least 5 figures income for me …. This amount is good enough for me to provide for my family and comfortably live my life I would say.

And that Success continues till today…..

“ Ok Aaron…..Price Actions are such powerful and accurate BUT what is it about actually ? ”

What Is Price Action & Why Is It So Powerful & Accurate…

( When You Know How To Use Them ) Basically Price Actions is the study and analysis of the Price’s behavior in the forex market. It can be considered a close study of the market responses…. The truth is that the price moves because of human sentiment which are driven by purely “ Fear & Greed “….. Panic Selling …..( Fear )

Page 12: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

Buying Frenzy ….( Greed ) When one side of this force is greater…..the market would move. It’s that simple. And when the price moves…..You and I know there’re Profits to be made! ( A stagnant market is a dead market definitely because the price still remain at the same spot and not moving ) The amazing thing about using Price is that it is FASTER than any derivative… It is NOT lagging like any textbook indicators… And the ONLY TRUTH is the CURRENT PRICE! By trading purely based on Price Actions, I can ignore news, opinions and any personal biases… And it can be confidently use by any trader ( including yourself ) to predict the near future response of the market accurately… Allowing You to enter at the “ Start Of A Trend “ EARLIER and exit with more Profits too…

Here’s some illustrations on how I use Price Actions ( and just ONE technical indicator ) to trade the Forex market accurately :

( This is an actual trade I took during April 20th…)

Page 13: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

( Screen – Shot 1 : USD/JPY Down-Trend )

As You can also see on this screen-shot 1 above…

1) The price has plunged previously and it is now reaching a bottom.

2) The price start to climb back up now ( What goes down must go up !)

3) Since it is a Bearish sentiment as shown by the Down-trend previously and the Price is BELOW simple 100MA…( GREEN )

4) I would only look to “ Short “ or “ Sell “ again when there’s a good set-up….

( Read on below as I show you how to use purely Price Actions to spot such set-up accurately…)

Page 14: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

( Screen – Shot 2 )

As shown in Screen – Shot 2….. The price climb to a point then Stopped Climbing and showing signs of “ STALLING “ ( also near to the Simple MA …very strong HINT !) The Price is “ Hesitating & Failed To Close Above The Green MA “….which gives us a strong hint that the bearish sentiment is still dominating….. When You are getting more familiar with using Price Actions to trade, You would be more confident with spotting such STALLING too… Upon spotting the signs of such Stalling…..I do not enter to SELL straight away…. But rather….I wait for another confirmation from the market itself…..& I mean the Price Actions ( very important ) After a few hours ( as I am trading the hourly chart )…..the price started to show another hint of a bearish sentiment… It is basically a NEW “ Lower Peak “ …..to confirm my prediction of the bearish trend starting again.

Page 15: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

( Note: Feel free to scroll up again to screen-shot 2 …if you need to refer again for the “ Lower Peak “ set-up…) For all of my trades ( regardless of which currency pairs ), I would stick to very good money management and would not risk 3% of my total capital. At the same time, I would be aiming for a realistic Risk/Reward ratio of at least 1: 1.6 or more…. Use this trade for example… My “ Sell “ entry is at the price : 98.51 My Stop – Loss is just above that lower peak at the price : 98.83 ( Which is exactly 32 Pips for my Stop-Loss ) My Take- Profit ( TP ) is a realistic : 64 Pips ( Twice my Stop-Loss ) = Take- Profit Price @ 97.87 The reason why I can aim 64 Pips of profit target is because this profit range is WITHIN the lowest support level for the day. So it means the price has reached there before and it is a realistic target. ( This gives me a good Risk/Reward ratio of 1 : 2 ) It means everytime I win….I would win twice more than my Stop-Loss And if I am wrong and lose….I would lose much lesser.. Combined with a “Good Trading Strategy + Proper Trading Mindset”… As long as I stay “ Consistent “….my account always end up with nice profits month after month.

Page 16: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

That’s why I am very particular about a good Risk/Reward ratio for any trades I decide to enter. How about Yourself ? Do you already follow a very good Risk/Reward ratio for all the trades you are taking ? If You Don’t…..it is NOT Too Late to implement this into your trading strategy definitely ! * smile * Ok…let’s go back to our “ Sell “ trade on the USD/JPY again.. The Take-Profits of 64 Pips was triggered and “ automatically “ closed after 8hrs + of trading. Here’s the screen-shot to share :

This trade closed with a 64 Pips profit after 8 hours of “ Short selling “ the USD/JPY. I got into the position with 2 standard lots which netted me a nice profit of about Usd $ 1200 +

Page 17: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

Not too bad considering it only took me less than 10 minutes to spot such set-up most of the time. So having profited these 64 Pips from this trade…..do I pack up and call it a day for the rest of the week..? Of cause not….. The rule is NEVER to over-trade or else might end up losing more than you win initially…because by over-trading, one tend to make more mistakes especially when “ Greed “ is involved during decision making. But my belief is always this : “ When there’s a nice set-up according to my Price Actions rule….I will enter position ! “ * Smile * Here’s what happen to the price movement ( over a day or so ) after our last trade…. Let me illustrate with screen-shot to you again below :

As can be seen from the screen shot above again.. After I hit my profit target of 64 Pips for previous trade :

Page 18: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

1) The price continue to plunge further & hit a bottom at about 97.58

2) The price then started to climb/retrace back up again ( reaching our 1st “ Selling “ opportunity as indicated above ) PS: But I miss this opportunity as it happen past midnight for asian time zone and I am soundly asleep then. * smile *…..but it’s perfectly alright as I know there would be another boat for me again soon….no problem!

3) The price then plunge nicely to the previous support level and “ Bounce” off again which started to climb…( I can then smell more opportunities coming of cause…LOL )

4) As expected….the price climb and start to “ STALL “ at a level which coincide with the GREEN 100 Moving Average plotted…

5) When I finally spotted the “ MUCH LONGER “ White Bearish Candle…

6) I enter position to “ SELL “ ….( I know there always a boat for me - The market always reward the patience ones….* smile *)

Here’s how I place my “ Sell Order, Stop-Loss & Take-Profit “ :

1) I got into the “ Sell” position at price 98.24

2) Setting a very tight Stop-Loss at 98.52 ( 28 pips ) just above the resistance

3) And aiming for a 28 x 2 = 56 Pips Profit Target for this trade.

4) Which would “ automatically “ trigger at 97.76 This gives me a good Risk/Reward ratio of 1 : 2 again…

Page 19: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

So how did the trade went this time ? Here it is :

Profit target of 56 Pips hit after about 6 hours of trading… And this trade closed with a nice profit of over Usd $1,100+ ( trading 2 standard lots again ) If these kind of profits are somehow just “ too little “ for you…. Just imagine when You can also trade “ confidently “ over 2 -3 different currency pairs grabbing these kind of small profits each time - Accurately & Early At The Start Of The Trend… I am sure You can do the math for yourself how it would all add up for You.. …..These small profits would eventually accumulate into really BIG and nice profits week after week….month after month… That is why intra-day trading or rather known as Day Trading can really get You very nice return ( Profits ) every month…..if you want too.

Page 20: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

Especially in Forex Trading where You can choose to profit from either “ Up-trend, Down-Trend or Even A Ranging ( Sideway ) Market….” And there’re NO restrictions to do that at all ! That’s the power of grabbing small profits each time and multiplying them over a few currency pairs…over and over again! And this is exactly how I confidently achieve a good ROI every single month – Merely by grabbing a portion of “ Realistic “ Pips from the Price Movement each time… When You’re being realistic about the profit target…..it is less likely to see all the Pips You had previously given back to the market ……..( that’s painful…ouch ! ) …..As well as making the entire trading business……very enjoyable, exciting and providing You with a very nice additional income each month too. * Smile * I really love this Forex Trading Business as it has given me both financial security that I can only once dream of…..and also MORE time to spend with my love ones now. And best…..I can trade anywhere in the world too. Indeed a dream come true for me I must say ! This is especially so when You also master the power of Price Actions combined with simple technical indicator – To Help You Make An Even Better, Earlier & Faster trading decision.. Therefore putting You way ahead of the other several million traders who are playing against you too. Total Pips I shown you for these 2 trades netted me about 120 Pips so far… If You trade ONLY one currency pair ( USD/JPY as in this example )….and using Price Actions strategy like how I did previously…

Page 21: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

Do You know how much more Pips You can capture further after profiting from these 2 trades previously…? Let me show you how the price movements went with screen-shots again :

As You can also see that although I have profited about 120 Pips from the 2 trades previously….. The price still remain bearish and continue to move “ Southwards”…. When there’re price movements….it means there’re definitely good trading opportunities for You and me to grab… So are ‘ We “ going to miss grabbing these profits ? Well……if “ WE “ can spot nice set-ups with trading opportunity which would give us good Risk/Reward ratio…….. Why should we give them a miss right ? * smile *…. In fact…..based on this screen-shot…there’re already a few really GOOD trading opportunities for anyone to enter and capture some nice profits…

Page 22: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

( Provided one know how of course…..) Refer back to the screen-shot above again and see whether can You also spot a few good set-ups ( like I do ) … However….if You’re plain lazy to do it or simply don’t know how to do it… Then read on below…..as I have prepared an illustrations showing You the few good trading opportunities based on Price Action again.. Study this screen-shot to find out :

Let me explain abit on why I define these individual “ Selling “ opportunity to help you understand better :

1) If You have missed the 2nd previous trade I took…..then this “ 1st Opportunity To SELL “ is where You can get in again…

2) After a few hours…..the Price broke the previous support forming a VERY LONG White Candle ( Bearish )……When this thing happens, it shows that there are a lot of sellers on the market and more would jump onto this selling frenzy soon after….So it is definitely a good “ Selling “ position for You to enter again.

The possibilities are in fact a lot here…..although I only stated a few above..

Page 23: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

The key factor is to identify a Price “ Pull-back “ after the LONG Candle to enter again…..so that You can use a relatively tight Stop-Loss…which gives You a much better Risk/Reward ratio for Your trades.. Learning how to identify Price “ Retracement or Pullback “ confidently would definitely do You very well in the long run…..If You’re also serious about succeeding in this forex trading business. It is really simple to achieve so……it is just a matter of some efforts and learning from some proven systems. Even if You can spare 30 minutes or so watching how does Price Retracement works during the “ More Active Trading Hours “…… You would probably be able to identify them with ease as You progress over time.. That’s how I train myself too years back ! *smile *… Most importantly…..never stop learning as knowledge is really POWER – Especially in such a volatile trading tool where only 5% actually survive. But the efforts do pay off over time when You’re also consistently profiting nice Pips trade after trade……raking in a 5 or even 6 figure income every single month ! It is really possible…….because I have been there and done that ! * smile * And I do not hold any doctorate, master degree….post graduate …and not even a normal university degree….to achieve such success in forex trading. So I believe anyone ( as long as they are serious about the entire business )…can also achieve great success as well as obtain financial freedom out of this Forex Trading Business too… Alright , so much for this report.

Page 24: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

I have shared almost everything I wish to …..and although it is not the “ Know – All “ information related to forex trading… But knowing that Price Action + Simple Technical Indicator can really work wonder and put You way ahead of the other million traders….has already put You in an UNFAIR ADVANTAGE over them…. Frankly speaking…..up till now, I have not seen any forex website/blog sharing such report revealing what I taught here… So it means You’re already in the “ Known” now…...and having read this far….You have already taken the first step into the world of success forex trading that not many know about. So the next thing You would want to do is to practice and try spotting such set-up that I have shared above in a demo account… Practice makes perfect …..and although trading “ Live “ involve a totally different feeling where Psychology is concerned because You would be trading with REAL Money then… But by being familiar with HOW Price Action and Price Movement “ roughly” behave in the market.. It is good enough to give Your trading confidence a boost definitely.. Don’t believe so ? Try it……! I shall not bored You with a long winded report today…..as I personally don’t like to read long report too… If You like what I have shared here today…..then do stay tune for my emails as I would be sharing even more proven forex trading tips as well as good resources to help You succeed too. Thanks for reading this far…..Happy Learning & Trading ! Till then….

Page 25: Price Action - forextradingempire.com · The bottom line is… ... Breakout Only To See The Direction Changed Straight After..? ... oscillators, Fibonnaci, Bollinger Bands, CCI, ADX,

To Your Forex Success,

Aaron TanAaron TanAaron TanAaron Tan ( your trading friend ) http://www.forextradingempire.com

The End…..