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Trading Consecutive Up/Down Days With Lower Risk

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When a market closes up for consecutive days, traders get excited. They start speculating that the market cannot continue its upwards streak. Somehow, we are wired to think that what goes up must come down, and vice versa. (See: Gambler’s Fallacy) This is why consecutive up/down days form the basis of many stock scans and […]

How to Create a Price Action Day Trading Plan

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The market is a wild creature that no trader can control. For the intraday trader, the market is even more uncontrollable. Trying to control the market is impossible. In this wilderness where we face overwhelming market forces, how can a trader achieve consistent performance? The trick lies with controlling the only thing a trader can […]

3 Useful Tips for Intraday Price Action Trading

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Price action trading is especially useful for day traders. This is because in day trading, timing is crucial. By timing your entries with market tipping points, it is possible to profit from swift trades. Price action offers the natural tool for timing market entries. Even when we are wrong, well-timed entries help to limit our […]

How to Enter the Market as a Price Action Trader

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Imagine that the market just formed a bullish two-bar reversal at a support area. Your assessment of the market is bullish. You decide to enter the market. You click on your trading platform to enter the market with a __________ . a. Market order b. Stop order c. Limit order d. Is there a difference? […]

Forex Price Action Re-Entry Trading Strategy

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Re-entry trading is a high probability trading concept in my course – “Day Trading with Price Action“. It is a simple but powerful concept that works in all markets. In this article, I will explain it with price action patterns in the forex futures markets. Does the following experience sound familiar? After carefully studying the market bias, […]