However, event areas also provide us with the ability to enter without confirmation from price action.
Trading Strategies Headlines
Wow you got a good following , and you have me aswell good job. Thank you, Nial for this best free lesson — excellent and full of wisdom in it. I am very much impressed with your simple style of teaching. No doubt about it. I was watching a review on the eurusd the other day and noted how many horizontal lines she used. Thanks for sharing this lesson which has enriched and added value to my trading.
Thank you so much Nial for these weekly articles, I look forward to receiving them as they are always so informative and inspirational, with no BS, just honest, raw knowledge.
Thank you so much and please keep them coming! Thank you for sharing your valuable experience. It is really simple and most effective strategy. Hope you are well. Thank you very much for another fantastic and superb lesson where in which you have shared your priceless insight. Thanks for spending the effort to put up an enriching article like this.
Once again, I have learnt something new and it has reinforced the concept on resistance support together with price action. Please continue to provide us with great article like this to help us to do better in this trading business.
Hi Nial, You have expanded it for me. I found this horizontal out by self discovery. It was making money for me, but indisciplined emotion made me not to continue using it to mastery.
Thank you for getting me out of my slumber as my mentor. Thanks mr nial for another wonderful insight,the combination of this methods with patience and discipline will guarantee success. Thanx Nial That would have to be one of your best lessons so far. You make it sound so simple. Thanks a million pips. I was thrilled, not many understand. I am a stock day trader using all your price action set ups and getting success day by day. I have some query for you about support and resistance levels and i.
Awaiting your response anxiously. Having a pro back me up is the icing on the cake. I think, especially last few months is very hard for everyone trade intraday because of confuse and very volatile movements of the market and is necessary to use daily charts. Your articles are my most favorite. Great stuff as always. Sometimes being reminded of the basics and making sure I adhering to them is more important and valuable a trading lesson than learning about more sophisticated pattern recognition.
Thanks to your articles. Excellent lesson Nial, really insightful and simple. But beneath the simplicity we really need to develop our skill at spotting event areas combined with price action confirmations. Many thanks and all the best for you Nial, and please keep enlighten us. I wonder if you ever use Fibonacci retracement levels as further weight and confirmation for these horizontal levels? Your explanation is always clear and simple. Your email address will not be published.
Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Learn To Trade The Market Pty Ltd, it's employees, directors or fellow members.
Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website.
The past performance of any trading system or methodology is not necessarily indicative of future results. Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors.
Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice.
We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results. Why are horizontal levels so important? These setups both formed at horizontal levels and we can see they resulted in large moves to the downside that provided good risk reward ratios for savvy price action traders In closing, trading horizontal levels with price action signals is the primary technique that I use to analyze and trade the market.
Checkout Nial's Professional Trading Course here. Jon P January 1, at 5: Taseen September 17, at 6: Pavel July 26, at Best blog that i ever read. Mohd Zhafran March 7, at Bashir February 12, at Kanz December 10, at 6: Jotex December 10, at 3: This article is mind blowing. Lee August 7, at Sanjay July 2, at 2: Thank you so much. Karen June 13, at 1: Nial, thankyou for todays lesson. TasosK May 28, at 6: You make the whole issue look so simple and easy…!!
Cezary May 23, at Dean May 8, at 5: GlobalTrader March 11, at 6: To provide the best trading experience for our clients, PaxForex offers traders competitive low spreads for any trade size with no restrictions or commissions. To provide the most advantageous trading environment for all account types PaxForex gives variable leverage; from 1: Please remember that highest leverage increases your initial deposit as well as possible trading risks.
Do you want to know how to start trading or how to withdraw your first forex million? Or even not the first one? Well, we really can help you with that! Around the clock 5 days a week! You are unlikely to find a more comfortable Forex broker than PaxForex. Our company provides Forex customers the best possible conditions for successful Forex trading. We have offers for both beginners and experienced traders. There are also many different bonuses, which are designed to help any Forex trader in his profitable trading.
The main engines of our progress at the financial trading Forex market are spotless reputation; focus on customers and innovative approach to business development. Our achievements have been confirmed by the successes of every one of our Forex traders. Today we are a well-known lowest spread Forex broker trusted by hundreds of thousands of customers worldwide. We assure you that working with PaxForex ensures the highest level of service, strict compliance with all the terms of trading, and reliability provided by the most advanced Forex technologies.
The Elliott Wave forecast for crude oil prices show a maturing up trend. The Elliott wave forecast for natural gas show resistance just above current levels.
The Australian Dollar is plummeting into the monthly open with price threatening fresh yearly lows. Take a free trading course with IG Academy. Our interactive online courses help you develop the skills of trading from the ground up. Develop your trading knowledge with our expert-led webinars and in-person seminars on a huge range of topics. By clicking this button, you submit your information to the webinar organiser, who will use it to communicate with you regarding this event and their other services.
A demo account is intended to familiarize you with the tools and features of our trading platforms and to facilitate the testing of trading strategies in a risk-free environment. Results achieved on the demo account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the demo account.
Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment. Alignment of Forces Keeps Yen Weak. Trading Forecasts Find out where key markets might be headed next.