Louis Jnr Book

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Trading counter trends is very profitable as well, but without the top down analysis, you will put yourself in troubles. Let me give you another example to show how you can trade counter trends using your price action trading setups in combination with the top down analysis concept. As you can see in the chart above, price are at a weekly resistance level, buyers were rejected twice PAGE 106 OF 226
from this level which indicates that the market is at a hot a point and it is likely to reverse. What you can do as a price action trader is to switch to the daily time frame to look for a selling opportunity. If you can find a price action setup near the weekly resistance level on the daily time frame, this is going to be a high probability setup to take into consideration. See the example below: PAGE 107 OF 226
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DTFX MARKETING PRODUCTIONS, SOUTH A
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First Published: January 2019 For m
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PREFACE FOREX MILLIONAIRE IN 365 DA
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hearts desires and perpetual needs
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own resurrection. As best as I can,
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DIFFERENT WAYS TO TRADE FX Over the
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We use fundamental analysis in the
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3. PRACTICE The best way to get a f
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your leverage ratio in accordance w
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8. KEEP IT SLOW AND STEADY One key
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TECHNICAL ANALYSIS WHY CANDLESTICKS
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Using candlestick patterns will hel
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Long bodies refer to strong buying
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CANDLESTICK PATTERNS Candlestick pa
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find in the market, in this chapter
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When this pattern occurs at the end
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The bullish engulfing bar pattern T
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The example above shows us clearly
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Remember always that a Doji indicat
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In the chart above, the market was
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The image above illustrates a perfe
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As a trader, you will need addition
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The chart above helps us identify t
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But here, the Doji candle indicated
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Right now, everything is going all
Page 55 and 56: characterized by a long lower shado
Page 57 and 58: created, you will be able to predic
Page 59 and 60: When this candlestick forms near a
Page 61 and 62: In the next chapters, i will talk a
Page 63 and 64: As you see the smaller body is tota
Page 65 and 66: ottom of a downtrend, sellers were
Page 67 and 68: The tweezers top formation consists
Page 69 and 70: The chart above shows us a tweezers
Page 71 and 72: Let’s try to answer the questions
Page 73 and 74: 4: Bullish engulfing bar Please, i
Page 75 and 76: What the crowds are doing? Who is i
Page 77 and 78: The example above shows a bearish m
Page 79 and 80: But the question is what is the rig
Page 81 and 82: The illustration above shows a down
Page 83 and 84: Support and resistance are proven a
Page 85 and 86: By drawing a support level in an up
Page 87 and 88: Don’t use smaller time frame to d
Page 89 and 90: The Ranging Market Ranging markets
Page 91 and 92: But ranging markets tend to move ho
Page 93 and 94: As you can see, the market is movin
Page 95 and 96: The pullback is another chance to j
Page 97 and 98: find a lot of noise, you can’t ev
Page 99 and 100: Time frames and top down analysis A
Page 101 and 102: try to find a way to follow them on
Page 103 and 104: The second information is the rejec
Page 105: Look at what happened next: As you
Page 109 and 110: The example above shows that counte
Page 111 and 112: The second aspect is the level: you
Page 113 and 114: The area between the open and close
Page 115 and 116: How to identify pin bar candlestick
Page 117 and 118: trying to put the probabilities of
Page 119 and 120: -The anatomy of a pin bar is import
Page 121 and 122: If you understand the psychology be
Page 123 and 124: The formation of the pin bar indica
Page 125 and 126: The 4-hour chart above illustrates
Page 127 and 128: The chart above shows how an aggres
Page 129 and 130: entry method helps us decrease our
Page 131 and 132: The trend: it is one of the most im
Page 133 and 134: 1- The Trend: the market is trading
Page 135 and 136: trading setups to come to you, inst
Page 137 and 138: The second reason is the formation
Page 139 and 140: The same thing happens with the sec
Page 141 and 142: closes, or you wait for the market
Page 143 and 144: This is how professional traders tr
Page 145 and 146: What you have to do in this case is
Page 147 and 148: This reversal candlestick pattern c
Page 149 and 150: According to Steve Nison, the fathe
Page 151 and 152: The illustration above shows a clea
Page 153 and 154: Conversely, if prices test a resist
Page 155 and 156: Your ability to identify an engulfi
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Because you will get lot of false s
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How to trade the engulfing bar with
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In the example above, the engulfing
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By connecting the extreme highs, we
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One of the most difficult markets t
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ecause not all sideways markets are
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False breakouts are one of the most
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Pay more attention to the way the p
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If you can combine trading supply a
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As you can see all the conditions w
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When you set your protective stop a
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which is the opposite of the engulf
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The inside bar can be traded succes
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mother candle. Your profit target i
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chart, you will notice that the sup
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you will know that the safest entry
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i recommend you to stick with tradi
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Banks and financial institutions kn
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This setup can be considered as a c
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As illustrated above, big players h
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how to use it in a simple and effic
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Fibonacci tool can be used to trade
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But if the market is ranging, you h
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interesting about it, is that the r
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The second signal was an engulfing
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As you can see in the chart above,
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trading 3 mini lots of CAD/USA, thi
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The importance of a Stop loss All g
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Because trading is all about emotio
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You have everything you need here,
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involved. I would make several chan
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ABOUT THE AUTHOR Have you ever wond
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youth from the previously disadvant
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