Daily Price Action
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Category Archives for Justin Bennett’s Forex Lessons

How the 10 Pips a Day Forex Strategy Can Blow Your Trading Account

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There is a lot of talk in the world of Forex, and has been for some time, about the 10 pips a day strategy. It’s a strategy that claims to “make you rich quickly” by accumulating just 10 pips each day. Well, I’m here to tell you that not only will it not make you […]

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Too Much Screen Time Can Kill Your Forex Profits

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Sabotaging Forex profits

Everyone wants to talk about money management when it comes to trading Forex. But what about time management? How you spend your time as a Forex trader is essential to your success. It can mean the difference between finding consistent profits and struggling. Where do you spend most of your time as a Forex trader? I’m not talking […]

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How to Trade the Bearish Engulfing Pattern

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bearish engulfing pattern at swing high

Your success as a Forex trader depends on your ability to identify reversals in the market. The better you become at doing this, the closer you are to experiencing consistent profits. One pattern that can greatly assist you in doing just that is the bearish engulfing pattern. I’ve written before that, as price action traders, our job […]

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Pyramid Trading Strategy (Double Your Profit Potential)

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the mechanics behind pyramid trading

The Forex pyramid trading strategy you’re about to learn will greatly increase your chances of making consistent returns as a Forex trader. It can literally double or even triple your profits on a single trade. But as profitable as pyramid trading can be, it can be just as damaging if used improperly. Which is why I […]

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A Unique Way to Use Average Daily Range to Your Advantage

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GBPNZD daily forex chart

Average True Range (ATR) and Average Daily Range (ADR) are two of the most common measurements used by traders in the financial markets. You may know them as the ATR and ADR indicators. Wait, this is a lesson about an indicator? On Daily Price Action?… Absolutely not. 😉 This is a lesson about the concept of average range, rather than a […]

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