Hey everyone, welcome back to another episode! If you’re still confused about how to do price action trading easily and accurately across all markets and time frames, this tutorial is for you.
- DOWNLOAD these NON-REPAINT Tools For Making The Perfect Trade Entry (the best trading tools all traders MUST HAVE)
- Use a demo account or a small live account first to practice this trading system
By the end of this tutorial, you’ll have a solid grasp of price action trading analysis and strategies that nobody else has shared. We’ll give you a clear, step-by-step guide on how to successfully trade in Forex, stocks, or any financial market and make consistent profits.
Price action trading is a method of trading that relies on the analysis of historical price movements and patterns to make trading decisions, rather than using technical indicators or other external tools. Here’s a simple breakdown:
- Focus on Price Movements: Price action trading looks at how price moves over time. Traders analyze price charts to identify patterns, trends, and key levels of support and resistance.
- Patterns and Trends: Traders look for specific patterns in price movements, such as trends, reversal patterns (like head and shoulders), and continuation patterns (like flags and pennants). These patterns can help predict future price movements.
- Support and Resistance: Key concepts in price action trading are support (where the price tends to stop falling and might rise) and resistance (where the price tends to stop rising and might fall). Identifying these levels helps traders make informed decisions about when to enter or exit trades.
These are the 3 main aspects of price action trading. While they seem straightforward, their simplicity can make price action trading seem a bit abstract or confusing for beginners.
That’s why we need tools to help analyze price action more easily, whether you’re trading forex, stocks, or crypto.
Let’s talk about how to identify high-probability market trends using the Moving Average and Commodity Channel Index (CCI) indicators.
As I mentioned at the start of this tutorial the right settings for the Moving Average and CCI make it much easier for traders to spot high-probability trends. Once you identify a strong trend, you just need to wait for price action signals that align with that trend.
For example, in this chart you can see how candles move above the 50-period Moving Average.
This is an early sign of a bullish market. The next confirmation is when the 25-period CCI and the 50-period CCI are both above the 0 level.
On the other hand, in a bearish trend, candles move below the 50-period Moving Average, indicating an early sign of a bearish market. The confirmation here is when both the 25-period CCI and the 50-period CCI are below the 0 level.
These are the initial conditions you need to meet before entering the market. The trend must be clearly established before you start trading in that direction.
Next, I’ll show you the best price action signals to use with this strategy. These trading signals have a high probability of leading to profits.
- Download “TraderVersity-MACCIsystem” (Zip/RAR File).
- Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
- Copy the “TraderVersity-MACCIsystem.tpl” file (template) to your Metatrader Directory …/templates /
- Start or restart your Metatrader Client.
- Select Chart and Timeframe where you want to test your forex system.
- Right-click on your trading chart and hover on “Template”.
- Move right to select “TraderVersity-MACCIsystem” trading system and strategy.
- You will see the “TraderVersity-MACCIsystem” is available on your Chart.
Let’s start by finding a BUY signal with the ‘TraderVersity-MACCIsystem’.
Here are the rules for entering a BUY trade.
First, let’s find a bullish trend in the market. Here’s what to look for:
- 1. The price is above the 50-period Moving Average.
- 2. Both the 25-period CCI and the 50-period CCI are above the 0 level.
If both of these conditions are met, the market is in a bullish trend. Next, wait for a price action signal to enter a BUY trade. You’ll get the best results if the BUY signal shows up during a trend correction.
In this example, look for the Bullish Engulfing and Bullish Pin Bar patterns, which are both strong BUY signals.
On the chart, when you spot a Bullish Engulfing pattern during a trend correction or consolidation, it’s a great time to enter a BUY trade on the next candle.
Stop Loss
Set your stop loss just below the nearest swing low.
Profit Target
Move your stop loss below the dotted lines as the trade progresses, or aim for a 1 to 3 risk-reward ratio.
Here are the rules for entering a SELL trade.
First, identify a bearish trend in the market. Here’s what to look for:
- 1. The price is below the 50-period Moving Average.
- 2. Both the 25-period CCI and the 50-period CCI are below the 0 level.
When both of these conditions are met, the market is in a bearish trend. Next, wait for a price action signal to enter a SELL trade.
For example, spotting a Bearish Engulfing pattern is a strong SELL signal. This is the ideal time to enter a SELL trade on the next candle.
Stop Loss
Set your stop loss just above the nearest swing high.
Profit Target
Adjust your stop loss above the dotted lines as the trade moves, or use a 1 to 3 risk-reward ratio.
As you can see, this strategy is very straightforward. Keeping things simple is key to success in forex, stocks, or crypto trading. You can easily set up the Moving Average and CCI indicators just like I’ve shown in this tutorial.
The BEST “MACD, Stochastic and RSI” Trading Strategy Nobody Told You About. In this tutorial will teach you a clear and precise step by step on, “How to trade successfully in Forex, Stocks and Commodities or any financial market and make consistent profits with absolutely minimal risk of stop losses”.
The Best Way to Combine EMA and Trendline for Scalping and Swing Trading.
This strategy is straightforward yet remarkably accurate. Our focus today is on the 50-period EMA trading strategy, which combines the Exponential Moving Average indicator with trend lines to enhance its reliability.
By combining these customized settings for the RSI and CCI, traders can gain a better understanding of market conditions and make more informed trading decisions.
Simple and high accuracy “Forex Cynthia Signal Trading System” – Of course, not every trade will be profitable, there is no holy grail in Forex.
- Cynthia’s Signal Entry Stop: Magenta color
- Cynthia’s Signal Hot Dots: Red color
- Cynthia’s Trend Bars: Magenta color
- Trend Slope: Magenta color
- BBand Stop: Magenta color
- Cynthia’s i Trend: Green line < Purple line
- RSI: Below the level 45 line