04/04/ · Exit rule is Simple, as Renko chart form first Red candle exit trade on closing of candle. Short Entry Rule: Renko Chart create a Red Candle Which is crossing Below 20 period Moving Average then take Short on closing of candle. - EMA shape points Downside and MACD crossing down for Short blogger.com: Dsforexpro The Simplest Forex Trading Strategy in the World - If someone asked me to describe my trading strategy in as few words as possible, it would be this; horizontal levels and price blogger.comted Reading Time: 8 mins 07/09/ · Simple Forex Strategy That Works. We’ve been working on this simple forex strategy over the last three months. It relies on two forex robots that help you find solid forex trades. We’ll use them to attack USD pairs on all fronts for some easy pips. Let’s get started. You’ll need the two forex robots below for this simple forex blogger.comted Reading Time: 3 mins
Simple Forex Strategy - The Forex Geek
He has taught over 25, students via his Price Action Trading Course since InNial won the Million Dollar Trader Competition. If someone asked me to describe my trading strategy in a s few words as possible, it would be this; horizontal levels and price a ction.
After you finish reading this lesson, leave a comment, like it on facebook, tweet it on twitter and share it with others. Everything in the market starts with a horizontal line; this is the back-bone of my trading approach as well simplest winning strategy for forex the trading approach of many other great traders. Indeed, traders like George Soros, Warren Buffet, Jesse Livermore and others, all pay paid close attention to the key levels in the market, because they know that these levels are significant and can thus have a strong impact on the direction of price.
Horizontal levels provide us with a confluent area to trade from, but they are not the only factor of confluence that I look for; the more factors of confluence you have lining up with a price action signal the better.
My favorite way to trade with horizontal lines is to trade them in trending markets from swing points. Thus, old resistance becomes new support in an uptrend, and in a down trend old support becomes new resistance, also known as swing points.
The way that we take advantage of these horizontal level swing points, is to watch for price action strategies forming near them as the market pulls back. Another excellent way to trade horizontal lines in the market is to simply watch for price action setups forming near the boundaries of a range-bound market. Unfortunately, markets do not always trend like we want them to, instead, they often swing between support and resistance in a trading range.
Fortunately, trading with simple price action setups allows us to trade in any market condition, so we can still find high-probability trade setups even in range-bound market conditions. In the illustration below we can see an example of what a range-bound market might look like. When price is obviously bouncing back and forth between a horizontal support and resistance level, simplest winning strategy for forex, we can wait for price to hit one of the boundaries of the range and then watch for price action signals forming there.
This provides us with a very high-probability entry scenario and a very simple trading strategy. It also gives us obvious levels to define our risk and reward.
Risk is defined just beyond the trading range high or low from the boundary you are entering near, and reward is defined near the opposite end of the trading range. Event areas are horizontal lines that can be very high-probability areas to watch for price action setups forming near.
You will notice that these event areas are significant most of the time because price will often stall or reverse as it re-tests them. In the illustration below we can see an example of the creation of an event area as well as how it could subsequently be traded.
As price re-tests the event area we would watch closely for price action signals, as the formation of a price action signal at an event area is a very high-probability event. However, event areas also provide us with the ability to enter without confirmation from price action.
Finally, I wanted to show you guys a real chart of the EURUSD and analyze its recent price action and horizontal levels to show how you could have used simple horizontal levels with price action to trade the market. Price was bouncing back and forth between resistance near 1. As price began to move lower from the top of the trading range before it broke out, it formed a long-tailed pin bar and then an inside bar right at this event area.
Thus, a break of the pin bar low meant a break of the event area and we can see a significant move followed. 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 simplest winning strategy for forex the market. It is obvious that horizontal levels are very simplest winning strategy for forex in the market, and by combining them with my price action strategies you have a very effective and simple trading strategy.
If you want to learn more about how I use horizontal lines and price action, as well as my other trading strategies, check out my price action trading course here. I read the article about two years ago.
I then did not understand the concept behind it. Now I again read it and realize this is the golden rule of forex trading. Thank you Neil. What a big a moment I have here! I am beginning to enjoy trading more i can imagine. Future is here please. This is simple strategy that has great potential of making forex traders profitable. This is killing! Hej Nial, Excellent and honest explanation. But we need more to write about the horizontal levels greediness.
Enjoyed your article thoroughly!!! Just had my ah ha moment just before reading this article. I came to some of the exact same conclusions. Good to see that you are in agreement.
I finally understand your simple price action strategy using the 4 hour and daily simplest winning strategy for forex. Thanks for the lesson but i need a video or article on how to setup a trade in 4H and Daily chart, Really like your KISS strategy.
You make it easy to understand, support ,resistance and price action. Great stuff. Appreciate your efforts. thanks so much dude for your blog seriously it make significant changes of my trade. god bless u. I believe in all you said.
Price action is a confirmation of trends. Simplest winning strategy for forex they say, the trend is your friend eventaully. This simple trading strategy also works in smaller timeframes and other instruments as well, simplest winning strategy for forex.
Simple yet great stuff. Someone in this forum said thanks for the free advice. Yes, it is free, simplest winning strategy for forex, but God knows how potent this methodology is. Well and good, you inspire me too understand the formations of price action all that much more. Home work on the various set ups, will dig into the comprehension of the inside bar and pin bar signals. Thank-you for providing such pertinent material. Feel fortunate to have found this site after some five diligent months of forex study.
Repeatedly I see that the more confident traders rely staunchly on price action, your emphasis of this yet again echoes the necessity to understand simplest winning strategy for forex element especially coupled with support and resistance, simplest winning strategy for forex. Very good stuff, Nial, simplest winning strategy for forex.
I cannot thank you simplest winning strategy for forex for sharing your vast knowledge and experience. I only wish I had found your site before paying thousands to attend a local trading school to learn nearly the exact same things. Great info as usual. Nice article.! Had my all-time. Love you, simplest winning strategy for forex, your site and set-ups!
Thanks again! Best strategy EVER. Best strategy EXPOSED! Simple but POWERFUL. I wonder wht ur price action course would be like? Mind blowing i guess, simplest winning strategy for forex. I will definitely enroll. God bless you! DIS IS MIND BLOWING. CAN I ASK IF KEYLEVELS ARE ALSO PIVOT POINTS? I HAVE AN AUTO PIVOT LINE SFTWR DAT DRAWS ON MY CHAT PIVOT.
PLS COMMENT…. Good to know that simple things DO Work. Yes, your fine article has greatly reinforced the concept of Horizontle simplest winning strategy for forex and their importance in Trading.
I do presume that it would work equally well on 8 and 4 hour charts. Thanx Nial n God bless. great stuff. refreshing approach. good to see someone thinking for themselves and also not spruiking expensive programs. Wow you got a good followingsimplest winning strategy for forex, and you have me aswell good job.
thanks nial this is one of the greatest lesson i have received from you,i thank God that i met you,lesson from you have change my trade drastically……God bless you. 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. Thanks Nial. 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.
Forex trading Strategy 100% winning trades!! WIN every trade you take!!!
, time: 17:51The Simplest Forex Trading Strategy in the World » Learn To Trade The Market
The Simplest Forex Trading Strategy in the World - If someone asked me to describe my trading strategy in as few words as possible, it would be this; horizontal levels and price blogger.comted Reading Time: 8 mins 07/09/ · Simple Forex Strategy That Works. We’ve been working on this simple forex strategy over the last three months. It relies on two forex robots that help you find solid forex trades. We’ll use them to attack USD pairs on all fronts for some easy pips. Let’s get started. You’ll need the two forex robots below for this simple forex blogger.comted Reading Time: 3 mins 04/04/ · Exit rule is Simple, as Renko chart form first Red candle exit trade on closing of candle. Short Entry Rule: Renko Chart create a Red Candle Which is crossing Below 20 period Moving Average then take Short on closing of candle. - EMA shape points Downside and MACD crossing down for Short blogger.com: Dsforexpro
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