As traders we know that we can't predict how far the market will move. So traders who buy because the market is oversold and sell because the market is overbought are trying to play the game of predicting how far price will move. These traders will ...

Pure Price Action Trading

Taken the two trades posted earlier, long usdcad and short eurusd...i also managed to catch gbpusd short, 1st and 2nd target reached. Usdcad will be moved to BE quickly because i didn't like the quick move down...shows that sellers were more ...

Pure Price Action Trading

BB TREND FOLLOWING STRATEGY I am looking at eurusd and usdcad, hourly bars closing above and below BB respectively. We have been short eurusd and now there is an opportunity to add more positions, already we have made about 3% on the eurusd short, ...

Pure Price Action Trading

CATCHING THE BIG TRENDS No new trades yet, but we still continue to track those 3 open trades we had from last week. As you see from the charts below, we are now placed in a very good position, we are now taking advantage of the trend, we have no ...

Pure Price Action Trading

HOLDING LONG & SHORT POSITION ON SAME PAIR Trend following means finding a trend and following it, it sounds simple, but its a difficult philosophy to follow especially for new and some inexperienced traders. One of my followers on the blog asked me ...

Pure Price Action Trading

The two shorts on eurusd and eurjpy followed through after NFP, so we are still good, both have reached 2nd targets...aussie short now looking good, SL at BE...usdjpy short has been stopped out at a minor loss of 0.5%...so total gain. Total Gain ...

Pure Price Action Trading

Trade updates before NFP, short eurjpy, eurusd looking good, 2nd target on eurusd was finally reached….long cadjpy not doing much still at BE…short aussie and usdjpy still not in our favour. Profits taken so far on the trades is 3%….SL for these ...

Pure Price Action Trading

I have 5 trades open as shown by the charts posted previously...short eurjpy looking good, 2nd target has been reached ...short aussie still not looking good, but SL hasn't been hit...short usdjpy still in the negative, but Sl hasn't been hit...long ...

Pure Price Action Trading

First target has been reached on short eurusd, gbpjpy has been stopped out at BE, short usdjpy and Aussie are still open, price hasn't moved in my favour to manage the trades. So currently I have 4 trades open..the new trade (eurjpy) has been moved ...

Pure Price Action Trading

Trade trigger this morning, price a few pips away from the first target Reason for trade: Using the BB trend following strategy, recent momentum has been down as shown by green arrow, Price retraced and a bullish bar closed above the upper BB, sell ...

Pure Price Action Trading

selling eurjpy at 134.30, trigger bar closed at 9am UKtime, recent momentum is down thats why I am selling...first target is just around the recent lows

Pure Price Action Trading

Bought Cadjpy using the trend following BB strategy, green arrow shows the recent momentum was up, so i will only be looking to buy when a bearish bar closes below the BB or buying when bullish bar closes above the BB. Red arrow shows the trigger ...

Pure Price Action Trading

Took a short trade on eurusd, bearish bar broke out of the range, showing some momentum, the bar closed below the lower BB, sold below the trigger bar, waiting for targets, will manage trade accordingly. image Short usdjpy, bullish bar broke out ...

Pure Price Action Trading

Remember its a trend following strategy, so buy in an uptrend and sell in a down trend.Avoid trading in a sideways market, trade only when price has moved out of a range.

Pure Price Action Trading

Two opened trades using the simple trend following strategy, targets and stop loss set. We know what percentage we will lose, but the upside is un limited, thats the recipe to trend following. We will have a lot of losing trades and a very few ...

Pure Price Action Trading

I had a couple of emails from some followers of my blog, requesting me to show them my trading strategy. I trade price action and it is not easy to teach someone how to trade as i do, a lot of it is experience. But I have decided to show a simple ...

Pure Price Action Trading

RECIPE TO TREND FOLLOWING Noticing some pullbacks on gbpaud, euraud, gbpjpy and eurjpy, watching the lower timeframes to add some more positions.A lot of traders try to be trend followers, but they tend to follow some rules and ignore the ...

Pure Price Action Trading

RISK MANAGEMENT Spreading your accounts among several brokers should be part of your risk management as a professional trader. I have heard some traders who had accounts with Alpari and they had all their money with that broker. Now that Alpari is ...

Pure Price Action Trading

TESTING TRENDS As a trend follower, I always test if its a start of a new trend by placing trades using half my position, and then when the trend is confirmed, I load the full positions and begin to add more on pullbacks (up trend) or rallies ...

Pure Price Action Trading

remember the buy signal posted on 27 march, there is no visible trend on this pair, but we are trading a trend within a range, watch how we set targets within the range and then the final is set outside the range just in case price breaks out. ...

Pure Price Action Trading