The Authority’ on Price Action Trading. In 2016, Nial won the Million Dollar Trader Competition. To be clear, trend analysis is only one part of the overall trading strategy I employ to enter and exit trades. It is never a good idea is it possible to beat forex enter a trade based on one factor alone, which is why I look for as much evidence as possible to confirm a trade.
I am simply providing a set of filters and observations to identify the most obvious direction the market is likely to head. Also, the market may look like it’s trending in one direction, when in fact it’s actually trending in the other direction. This is because many markets experience short-term retracements, which tend to deceive traders. We will start with the simpler techniques and work our way to the more advanced techniques.