There are four basic principles of forex market price behavior which have held up over time. Confidence that a type of price action is a true principle is what allows a trader to develop a systematic approach. The following four principles can be modeled and quantified and hold true for all time frames, all markets.[…]
Successful traders who have demonstrated longevity in this business have one thing in common: a consistent methodology with a demonstrable edge. You cannot trade profitably over the long run without an edge. What is your edge? How are you going to have an advantage over everyone else?… Your edge will come from followinga methodology that[…]
The markets are a personal journey and every trader is destined to learn market truths for themselves. The learning curve is as much about figuring out what doesn’t work as it is discovering which things work best for you. Each individual has a different personality and thus a slightly different approach to the market. However,[…]
Understanding Price Action is a must read for both the aspiring and professional trader who seek to obtain a deeper understanding of what is commonly referred to as “trading from the naked chart“. With hundreds of examples commented on in great detail, Volman convincingly points out that only a handful of price action principles are[…]
