Welcome to Forex mpany! Here we hope to provide you with the tools, tips and strategies you need to learn to trade forex. We don't have a full tutorial yet, but we've collected some of the best strategies, such as fundamental and technical analysis, guides to major forex indicators and reviews of the best forex brokers to help you start profiting from the currency markets. Forex Factory is for professional foreign-exchange traders. Its mission is to keep traders connected to the markets, and to each other, in ways that positively influence their trading results.
Your actual trading may result in losses as no trading system is guaranteed. Saving Sessions Live Sydney 1:09am local Tokyo 11:09pm local London 2:09pm local New York 9:09am local. Risk is defined just beyond the trading range high or low from the boundary you are entering near, and reward is defined near the opposite end of the trading range. Saving News Block Settings Show Category All News Breaking News Fundamental Analysis Technical Analysis Entertainment News Forex Industry News Educational News Display Format Headlines Stories Large Stories Comments Display Items Sort By Latest Hottest Last Commented Most Commented Most Viewed Latest Liked Best Liked Sort. About Nial Fuller Nial Fuller is a Professional Trader Author who is considered The Authority on Price Action Trading. I have been a disciplined trader of levels combined with price action for years; probably about 80 of my trades involve an obvious core horizontal level combined with a price action signal. Trading horizontal lines in range-bound markets with price action. 1 note the trading range that the eurusd was in for about 3 months earlier this year. Finally, I wanted to show you guys a real chart of the eurusd and analyze its recent price action and horizontal levels to show how you could have used simple horizontal levels with price action to trade the market. This is a good example of being patient in the trade as our price came back and we closed out all 4 trades Option. Event areas are horizontal lines that can be very high-probability areas to watch for price action setups forming near.
Any veteran trader will tell you that, and if youve been trading for a while, you know it to be true. Real-life examples of trading price action at horizontal levels. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Look at the illustration below, note how the market is trending higher and as it makes new highs it also creates resistance when it falls away from these highs, then as it pulls back the previous high / resistance actually turns into support (swing point).