Welcome guest, why not register to get access to more of price action forex trading software site? Additionally, you can now get access to what I consider to be the best stock options trading alert service. Of course I am biased and with a success rate fluctuating between 68. This Price Action tutorial and video outlines how I determine what phase of movement that price action is trading in which helps me to deploy my propriety trading strategies.
This is probably the easiest part of price action and bar counting although the whole process gets easier with practice. This may sound like child’s play and a statement of the obvious but you will be surprised at how often people will forget these simple facts. One of the biggest questions I get asked is, which way is it a market going? By doing a simple exercise you can see which way that price is going and decide on your trading plan and more importantly timing of a trade. What do I mean by timing? A Short or Bearish Bias Change occurs when the following sequence develops. LH The bias change is confirmed when price moves below the las lower low made as highlighted on the chart.