Price action swing trading (past) strategy

I'd have been happy with that, or even a bit more. If you really look at both of those charts and think about which one is easier to analyze sstrategy trade from, the answer should be pretty clear. Mid Week Gift - Link Fixed. Have a good trading week! In the below images we can see the price action pattern variation and compare them to the outlined price action pattern above.

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Hello and welcome to this thread. I am going to show here price action swing trading (past) strategy style of trading that I use called Price Action Swing Trading, or PAST for short. In very simple terms, price action swing trading (past) strategy just combines two very simple price action setups, one on a larger timeframe and one on a lower timeframe. I use these two price action set ups as tools to implement a simple trading objective, which for me is of paramount importance — to keep losing trades as small as possible and allow winning trades to grow as large workplace diversity strategy report possible.

I will start to post some charts here this week to give you a greater insight into the price action signals that I use. Hopefully they will be of some use to anyone who is interested in price action trading. P rice A ction S wing T rading - The PAST Strategy. I'll explain why in a later post. But as it is happening right now, I thought I would show the trade I opened just this morning.

I love this type of price action set up because it allows me to get into the market with a very tight stop, so I can keep my risk to a minimum. In the above example I get interested when price is approaching the underside of the trendline drawn in orange in the above example. I like to enter my sell trade when price is as close as possible to the trendline.

I have very clear expectations - price should not manage to establish itself above the trendline, because this would signal that the buyers have regained control of the market. If price manages to to this, I quickly acknowledge that I am wrong on this occasion. I close my trade and take my loss. I want to see price fail at the underside of the trendline and then quickly fall away. When this happens my sell trade will move into profit, and as it does so, I will tighten my risk by bringing my stop to break-even.

I now have a risk-free trade. I like to control risk very tightly, so I must be prepared to take a lot of losing trades. It is important therefore that when the winning trades come along I make the most out of them. My stop is at break-even, so I am risking nothing on the trade now. There is an Aussie rate decision due out tonight, so the volatility might take me out.

But if it does, I won't lose anything. If it moves in my favour, I might gain a lot. This is the most important thing in trading in my view - always put yourself in a position that if you lose you only lose a little, but when you win, you win a lot. Big wins pay for lots of little losers. Anyway - here is the chart. As I said earlier, I will do a post later in the week explaining why. You might draw a different trendline to me, there is no right or wrong.

As long as it joins two or more points on a chart, it's a trendline. I just happen to like the one below because it has quite a few touches. I might enter on a break of this trendline if and when it occurs, or I might wait for a retest. When you enter is not what it important. What is important is that when you do enter you control your risk as tightly as possible, and if your trade turns out to be a winner, you give it and indicator forex opportunity price action swing trading (past) strategy grow into a large one.

I'll update on this later in the day. During the course of the Asian session my trendline was briefly broken, driven by some volatility after some Australian economic data was released. I was in my bed so I didn't trade this, but it's worth taking a look at to see how it might have panned out. When price moves into profit quickly you then have to think about reducing your risk, bringing your stop as close to breakeven as possible. At this stage of the process we are totally focused on controlling risk, so we take as much of it off the table as we can.

We should be alarmed by this. If we are correct, price should continue to move away briskly from the trendline. If it doesn't, we must consider how best to control risk. Perhaps price is considering retesting the trendline from the underneath, as we have looked at in earlier posts. If it does, we can always think about getting back into the trade then. We should never keep a trade open that is showing a loss unless we have a very good reason.

We should always keep losing trades as small as possible. I'd have been happy with that, or even a bit more. My trendline is still on my chart, and I'll be keeping an eye on it price action swing trading (past) strategy during the cara forex yang betul of today. Hope these posts are of some help.

Thanks for the posts - Hows it going with EURAUD?. As we move through each week, the look of the market changes and price sets new highs and lows. The market is dynamic and so our analysis needs to be dynamic to reflect that. I'll be looking for short opportunities around the trendlines below over the course of the remainder of the week. I will be continuing to short - if the market does fall I will be aggressive, if the market rises and it has been strong so far this week I will keep any losses under strict control.

Be careful though, because the NFP is out later today. I have a couple of short positions open already from earlier in the week with their stops at breakeven, so if this breaks I will probably sit it out. Maybe if it breaks today we could get a retest sometime next week. There will always be another trade!. Really appreciate these updates, thank you. Hi Nigel, Been following your strategy for a while, its good to know you are here now.

This would make it easier to understand the Nitty gritty of your strategy. But However, get ready for some inquisitive questions bro. All the best and thanks for this. Here is my chart from the analysis I did over the weekend. After today's price action we are just sitting on the trendline, at the end of the first red arrow. Have a good trading week! All the best and thanks for this P rice A ction S wing T rading - The PAST Strategy. As I said earlier, I have one sell position on the break but I was keeping an eye out for a retrace.

Price made a feeble attempt to rally mid-morning but it couldn't muster the strength to tag the trendline from underneath and once it became apparent that the bulls were under sustained pressure, price fell away sharply for the rest of the session. The bulls don't look very lively right now, so a retest may not occur at all. But no-one knows what is going to happen tomorrow - if we see ourselves back underneath the purple line again I might consider re-shorting.

My primary focus, as always, is to control what I know I can control, and that is my risk. My stop is at breakeven now so my risk is zero. I intend to hold through any rallies that may occur tomorrow or later on in the week, with a view to price falling further. If I am wrong, I get stopped out and I lose nothing.

If I am correct my position will grow even bigger. Let's see what happens. The updated chart is below. All the best for now. I also watched the trade today, the bears were very aggressive as you rightly said. Do you manage your trades on the TF with which you placed the order or is it discretionary? Have a good Night rest. Great trade and a great update, thank you Nigel. You must log in or sign up to reply here. Your name or email address:. Do you already have an account?

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Jul 10, 2013  · I am going to show here a style of trading that I use called Price Action Swing Trading, or PAST for short. price action forex; swing trading strategy ;.
But how can a new trader learn Price Action? Menu Four Simple Ways to Become a Better of looking at previous price action. So, regardless of the strategy.