get lucky. So, if you enter a long reversal from support, make sure that your target is before the next resistance area. These would be the only types of setups you would be looking for until you feel you mastered them: In the example chart below, we can see a good example of a pin bar on the daily chart of the usdjpy that formed rejecting. It really can be as simple as that. This means that my target has to be a minimum.5 times the size of my stop. Lets get into the meat of the process of mastering one price action setup at a time. You have to decide if a pin bar is obvious and if a level is keybut these things are easy to get better at through training, time and practice. The Story of Price Every single candle on your chart is telling you a story. Submit your strategies, indicators, e-book at please, do not send commercial forex strategies we like the forex strategies of the traders who sweat on the monitor with real trading. If you dont know the basics, thats fine, I got you covered!
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Learn My Forex Scalping Strategy While the strategy above is an awesome day trading strategy and even a swing trading strategy, for scalping you will need a different approach. A lot of people fail and give up when trying to jump in forex trading. I do not need to directly open a real account. After a preceding trend stalls at support, and indecision forms, you often see a reversal trend. Reversals are one of the strongest price action setups, and one of the easiest to trade. With all the different trading systems and strategies out there, how can you really know if what youre doing is right or if it will work if you cant focus on it enough? Preceding trends are pretty simple. They place their entry orders at significant price levels. The image below shows indecision forming between support and resistance. Prioritise recent bounces over older bounces. Lets discuss that in the next chapter.
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