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I get this question quite often – why do you use moving averages as dynamic support and resistance? After all, if you’re trading price action why would you need them? They look pretty useless. My answer is always twofold. I use moving averages for more than just dynamic support and resistance Because it works! In […]Continue Reading
To answer the question, is Forex trading gambling, we have to break it down by the very definition of what it is to gamble. But before we do that, I want to share a brief outline of the way I used to think about trading and gambling. I remember when I first started trading Forex […]Continue Reading
The most powerful combination a Forex trader can use is price action and confluence. That might sound bold, and it is, but for good reason. You may be thinking I’m a little biased because I’m a price action trader. But I’m here to tell you that confluence is the most powerful tool a trader can […]Continue Reading
If you’ve just come from the lesson Forex Pin Bar Trading Strategy, welcome! If not, I strongly urge you to read that lesson and then come right back. It will help set the foundation for what we’re about to cover. Before we get into all the juicy details about pin bar entry and exit strategies, we […]Continue Reading
The Forex pin bar trading strategy is by far my favorite price action pattern. In this lesson we’re going to cover what makes a pin bar a pin bar, how to know if a pin bar is worth trading as well as entry and exit strategies. As always, the term ‘bar’ is interchangeable with ‘candlestick’, […]Continue Reading