Amazing Forex Price Action Teaching That You Need to Watch Now | My Personal Day Trading Guide

okay hi so you don't know me I'm straight to the point the right liking my videos short so you guys can watch it in its entirety so right now what excuse me guys my price action strategy and the strategy I use to take money from the market and able to trade this whole time the first thing I would say to you guys is try to only keep your pairs to a few try to match that a few pairs that you had a lot of people like to trade a million different pairs they go from your SD the usd/cad all you see the GPS in a Bitcoin world and yes live so GP j qi it's like the trending so P pairs the goal of trading is to know what's going on with your peers you got to understand what quanta mental announces will push you know I mean that pair gonna understand the historical price pattern where the key levels let understand that off the top of your head as opposed to having 30 pairs and then seeing which one has the best set up you don't know what moves that that pair you don't know they're their key levels you don't know where the banks and the government want to push those levels you don't know that and then boats having a select few or the probe is that you know that so for me I only say go to UGA and a you and you can be swapped out sometimes with EU but my 3:9 negotiables are gold which is a commodity in the metal obviously very fast very volatile GA very fast very balanced out and GU which is a major which is more slow more relaxed ring so I'm gonna see one of these pairs really quick let's go to you actually very volatile blank chart I'm going to show you guys um on just um just my strategy to trading and what I would do in certain situation like if something keeps a bit of really short but um we can go to this little four hour time frame and let's start a carbon play over here alright so in this scenario I think number two a lot of you we all have problems with support resistance the key levels y'all think someone with this is what's the anywhere y'all would do this back up boom boom boom boom boom boom boom boom right now you're gonna get nowhere with that you're gonna have a cluttered chart and you think you think you're doing something like get it because like I said I've been here before but like it's not gonna go nowhere price is not gonna spray any of these levels at all so we're gonna do it do I understand where the government and the banks like their levels to be at and where they trade based on their levels and they like even in round numbers like it's much easier for them to say the currency rate is one point nine zero zero or one point eight zero zero one point eight five zero as opposed to one point eight three two to five like this is too much so right now I'm going to keep our key levels at right here these even number so one nine zero flat one nine zero flat now usually have another one at it was above one nine five but it's way up here so we don't need to put it right now and then I have one at 192 five hundred we don't need it right now because price is way down here so we're gonna keep this level and we draw a nice thin box around it I'm over here so nice to me bucks so price and respected obviously cuz I'm just for me the resistance is not a number like obviously one point nine zero is the number but it can go to one point eight nine nine to five and still go back up like so you draw a box because it's that area a key area so we have this I'm gonna make it black quick and with a quick so what I would do right here I don't go down to the two hour one hour I will look at this s consolidation draw a box around it for consolidation I'll probably make that blue more so and then I will look at it see what priceless to break it up or down we see what's to do okay now at this level I'll be looking solely for sales solely for sales because right now price went up down up down up down up down up down once again so right here what's going to it just still lows little candlesticks it's not breaking above the moving average that I had what does that tell me that song in price wants to break down so I would have my take profit act as one point nine zero zero level I will scale down to a 15-minute time frame I'm not gonna do oil because I want to know video really short look over here and I would saw another I'm gonna one hour to make it easier another mini consolidation area so you can like try and distinguish it black area boom and now wait for a breakout here and now sell it to one nine zero simple as that I'm not going to tell you like a sniper entry that's another video for another day but right here my side would be boom right right there simple as that like you waited for that breakdown you got it he was scaled down to a 50 meter or 5 min time for me doctor sniper entry now I'm gonna do on that later but the reason I got this this trade and I want to make money in the trades because I drew a bus on consolidation look at the candlesticks and saw what I wanted to do they did it started getting a little more a little more in littler that means it wants to go down and that's in there it didn't go back up I stayed within this area what does that mean it wants to go down so I want to sold it wouldn't make money how to have my stop-loss above this area so whenever you stop going to do got in this position would have been like somewhere if you must kill them to fix him in time range somewhere around here or stop with some milk here sit properly done here made money cool won't get out so once it does that you have to trade you see those to do at that point cuz I want to bring down and if it breaks down our next area wouldn't be that 1.87 500 area I'm the iron but let's just see what wants to do right now we watch me watch me watch it watch it obviously price ones to retest the box so whenever price breaks through a level of consolidation anywhere it will come back to be tested always so price is doing this simple due diligence are we testing it right now okay boom so first of all out now listen for sales again only because I see a mini evening star I would like this very Canada come down a little bit more before obviously a full evening star pattern but that could show me the price wants to go down again so I'm just waiting for it you got in some time like I'm looking for sales right now not my Swiper entries but in Sonya I would boo supercells right now I'm not looking for it to go back up here at all and if he does go back up here it would invalidate the trade boom price goes down still goes back up but still looks weird to go down looking further go down exactly so once I saw this little mini evening star I would have look for entries and once I seen this confirmation candle right here break a break below the moving average then I would have gotten in watching One Nights zero still our take profit because you don't want to get crazy and have it way down there because it does still respect this level once it fully breaks below then we can look for a trade below right now if we got enough up here take Papua live in the same 1.90 would have to trade the same take profit cool boom now breaks below now looking for a break below this area since this break it is slowly breaking below one nine zero goes before a full break below this low and to buy because the wick is just where I went to put the bodies wear clothes that pants into the bodies so we're looking for a nice break below here red freaking it a brick below here we are entering another sort position to our take profit now is versus we're looking at it looking at if anyone wants to do look at what on my charts is not a bunch of cans candle not Henderson's not a bunch of trend lines on a bunch of you know key levels it's just one key level into the mini consolidation area you phony so we watch it we're looking for say looking for a wait for a break below here once it breaks below here would have sold it imagine every single time we're not trading off the one hour for our I'm just doing it so it can be you know faster so you can watch the video in its entirety but I will just be scaling down to a 15-minute time from any time I'm about to trade and I'm about to execute I scaled down to a 50 minute time frame I'm just I'm doing it right now it's on you guys but I'm just getting down the victim in to see if I can find the sale boom so I'm scaling down somewhere would it got any somewhere around here I would have gotten somewhere around here stopped off something but this last hi always made sure about the last I went to if it's down to the last high or if it's a UPS end-of-life low to give your room the most you know accurate reasonable me needs now might a possibly be the one 875 area because like I said the round number so 1 9 0 and then 185 would be the next monthly support or weekly support and then the midpoint of that is 1.8 on 500 so I look at it but I also see that this was the last point when we go play about here this is the last place it was at before shooting up for skyrocketing so if I'm gonna except for our time frame we look up from here this is all cables this is a last place of winter before shooting up so - stop what - a pocket would be here even though my 1 8 7 5 level B there just adjust it so it would be here right from the body to the bottom a little bit because it's showing you the full range of of where it went and that's why our girlfriend body - wait it's showing you the full range of where it went to this might say pump not 185 I just adjusted about 40 pips above just because it's in the last area it went before pushing up and we would you're see now if priced at any point in time it gives you a reason that it won't go out there or go that low and get out but we like to keep our exceed profits at a a good distance we can maximize profits so you watching we want you to see we got to do the plan are we gonna play enough Oh boom and got you got exactly there always have to do this down but dissect some I take proper level boom okay cool once again stare get out that's it move get out the trading phones in so got out um we can keep this on right now just for now and now I'm right now we're just waiting to see what prices do next I'm gonna break below like I said we would have to wait to see price or the Brit below a full break below a close the panel stochastic load below here for us to trade and go even further 25 I said I have my key levels big I said you can have your key that was big like over here but this is my key level this is just a mini daily for hours of support this would be a mini daily you know resistance that you're gonna have your day me but you delete them as they come along and run it your chart to be clean where I have the digital levels right here there's weekly resistance now stays on forever because it's a weekly level so right now we're just looking to see what to do with once a go up or down put a one hour time frame now access that far just make it quick so you guys watch the video um I look at it look at it look at it super dude Christ start to break up I can see right now with this candlestick price wants to break up for some reason because it's one two three next to the bottom that show does not want to break that down low I see a confirmation Kendall right here now I'm not getting in a buy right here at all I'm with more confirmation but the candidates has shown me that is slowly going up like this is a mini level of consolidation in here of course I wouldn't keep it there but just understand that it's consolidating right now and I'm looking for a little bit of a buy maybe right now because one two three hits to the low so me does not want to break down there but we'll see you click the wrong nope is heading up heading up okay so I see right now pricing saw dating up here I would talk to him and I see right here use your tool and I did a video right all the tools to use to man action right here my plate properly be one eight nine 500 right here I can delete this and delete this what I mean no more so you can delete your your old patterns nothing your old you know boxes of consolidation to make your chart fully as clean as possible as time goes along but um I someone keep those to me just for now um but now we have some Adachi now I'm waiting for like I said something is so many that it's going to bounce off and then head back up if I see this alone until our tenth hour time frame maybe draw a mini box right here I just think if somewhere around here just a mur somewhere within this box because top of the body to bottom I put it to up here what price is already bouncing so let me just wait to see back to the flower the goal is you see how prices bouncing off because I want to break below looking for by for a 59 watch it slow-mo priceless right - 1.27 exactly boom so that's another trait we would have won based on our our strategy of waiting but when price gives us the the you know the components of the signs get in the strategy is is just to have confidence - psychology on a level and pay attention to a price of doing it's purely price action there's nothing else there's no indicator exactly moving average but there's no indicator there's no fancy scan there's nothing it's just looking purely at price for what he wants to do seeing the fundamental announcement and see if it wants to put some nut but looking purely at price and I'm looking purely at price and it showed me but you know I said look at price like I didn't see a million channels right here I saw one two three it's still low i saw confident she came to the outside that showed me and inbound it's a downtrend it wants to go back up now so now I can do a Fibonacci on here one point two seventy attention we get out now we got our money cool boom get out let me see what price let's do next I want to come back down from that compass come back down again okay cool great coming back down again so you can draw you can see what wants to do wants to return right now we're just sitting on here we don't know really what it really wants to do so how are you training it I kind of see maybe cocked I steal something from here to here I don't know if it'll work or not it may depending see yeah I wouldn't talk to me touch with me to here in that case for our question for our time frame I can delete all of this right now delete action goes list is still remains clear chart who knocks from here you see it bounced off of there and now we're waiting for a price to go like I said now the same profit is this one nine zero level the one to some extension stop bossing people upload low and we see what I want to do go right there so it came down we went to the 15 min time we know the one I would've saw what prize wanted to do but if you'd gotten right here somewhere around here saw this little wick whatever on a slow X let's go down to speed ourselves so price doesn't goes up comes down once I've seen this can of this dhoti you could have gotten right there that showed price was indecisive the sellers weren't really there and it pushes up long position from their right to to some extension this one have been profit Kahuna got out act as one nine zero level hold it for two minutes one fifty minute ya see so I'm fixing minute time frame even Lord which is where I would have executed which I've said in my video be a sniper entry video later good game like I said after this one to do this candle right here would have got us in right here why because it broke above the moving average if we or the rejected the sixty one point eight I believe and then it puts up so back to the day before our bone constantly move when it delete it and you hit our take profit delete it delete it delete it students to do now at this point price is still pushing up within this area again I wouldn't drag it over still but they're still pushing up I just over a little bit and so we go we play by ear and see what price wants to do cuz price goes way up here mines one nine zeros of the level one nine two five there's a next little mid-level this evening Starwood and validated everything so it's coming back down down we just watching you just watch them use Washington's Washington's watching we can see price actually here actually so price that's it this is a high point waiting to before coming down to retrace a little bit then go back up we draw a box from the top to the top of the wake to the top of the body price a week census off it perfectly even up here we just offer the top of the wink to the bottom on top of the body exactly so now we have prices in between two areas price those are the ones that bounce off here one two three four five different times that Tony that Sonia does not want to break below so we've got in again right here somewhere exactly exactly I just said once it 1 2 3 4 5 it's low pay attention to the price just look at price boom we've got in right here and now waiting for price too many weeks hence this and then push that couple games we don't want to do essentially yep prices come out here and now it's bouncing off of it because look this is our this is the last level it went to hold on back down boom boom boom coming up a little bit and push it back up so like I said price bounce over here we looked at it look at a Fibonacci some of some way of some form six one point eight balance we've gotten out right here priced out of a solid up here like you've got played by ear look at this just slowly look at when price rejects it area and it starting to go up in this little little little little candlesticks right here get in like pay attention like I said pay attention to the candlesticks get anything boom and that's all it really is like so I'm gonna have like a little infographic at the end of this video to show you guys exactly what strategy and like what I do but overall it's basically looking at the price action solely price action that's all it is and praying off of that you look at it you use all your tools I kind of all I use is I didn't use the trend line not one time in this video like I don't eat trend line like that looks I concealed on my eyes all of you this is Tim Adachi knowing the key levels off the top of my head and giving the market back but it gives me if it gives me a doji and it's supposed to go up gets run noon I'm buying if it gives me an evening star and a validation that I want to go down I'm selling like I'm constantly getting out this is all it really is like understand what you got to do understand what what price action is telling you and give the market what does he mean you all you gonna do so because I hope this video was very helpful in terms of like helping you understand how to get in how to get out how to trade and my friend specifically at the video I have like an infographic on all the tools I used and like basically what I use for my strategy my trading plan but I said I hope that helps you guys cuz it's very simple to me it's a bit a little bit going I'd like to be 20 minutes but usually my videos are like five to eight minutes but this one I had to show you guys my strategy and um yeah I hope you guys I hope helped you got a soul okay I'll holla - in a few days another video and uh let me up in the comments and let me know what video you guys want to see next where there's another strategy or sniper entry or how to do this how to do that like I got you guys like comment subscribe all the time oh let you guys know like my real terms I was talking TV prompts and this market yourself okay you

Channel: The Swag Academy

Views: 629,481

Rating: 4.9200001 out of 5

Keywords: FOREX, how to trade forex, fx, how to trade fx, easy ways to trade forex, easy ways to make money, price action strategy, forex trading strategy, best trading strategy, profit trading strategy, how to make money in forex, how to day trade, best price action strategy, how to change my trading career in forex, forex market trading, is forex real, how much money can I make in forex, ways to leave my 9-5, forex for beginners, support and resistance forex, making money in forex

Id: pfoK9v7j7hY

Length: 19min 16sec (1156 seconds)

Published: Mon Feb 10 2020