Trading Setups
Trading Setups
Trading Setups
I was doing some odd posts in EU thread as I was waiting for trades set-ups. Red himself pointed out his Price Action thread.
Im extremely grateful he did. What I discovered there was pure Gold in terms of trading.
Ive started to read from the page 1 and was saving the charts and words, I thought will help me learning Price Action trading
properly.
I decided to share my learning experience with anybody who is interested in PA trading. As Red says, in the spirit of Traders
helping Traders. So I put all the collected charts and words in a PDF file for everybody to drive some benefit from it.
PDF file mostly, in fact about 98% of it contains charts of Red and other traders in Reds thread. Reds Army of Traders.
However, these are not ordinary charts. Everything you need to know about Supply and Demand PA are on charts. Whats
more they are not for some theoretical teaching, but they show the actual trades, meaning they are posted shortly after
entering to trade so that you can see how Reds concept of Price Action (PA) trading performs in real life.
I have put reference to identify charts to traders who posted them by putting their user name and page links/numbers on the
chars. Non referenced charts are belongs to Red. If I miss anybody in this respect, I sincerely apologies.
http://www.forexfactory.com/showthread.php?t=230888
Ill try to update/improve this messy PDF file as and when I get time to do so...
ken.
1
Price is Everything
Table of Contents
This is not a conventional Table of Contents. As mentioned on previous page this PDF file contains charts mainly. Ill just list
few pages here that you may want to refer as and when you need to.
Good indicator...................................................................................................................................................................page: 27
Fundamentals ..................................................................................................................................................................page: 54
How do you distinguish between test vs. consumption in a s/d zone?.............................................................................page: 373
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Price is Everything
I am more or less a swing trader or range trader. They are essential engulfing whipsaw patterns at key levels and and work
well in my trading plan. I also reduce all noise from my charts as its just a distraction to me. Hope you see these too and take
advantage. They occur on all time frames and any pair. - Red
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Price is Everything
4
Price is Everything
To see the patterns l find the minimum details on the charts works best. Once identified l switch to other templates to view
wicks and pivots etc. Got an example below that l traded
Pattern identified, switch to other template for stop placement and view other tech
How come your candles have no wicks on them?
I simply change the wick color to the same as the background, they are still there. The reason for doing this is so that l see the
pattern without any distractions then l switch templates that include wicks, pivots and all the rest. But the patterns l trade are
based on the candle close, the body which really represents the momentum, the wicks do matter and l do take them into
consideration once l spot the pattern
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Price is Everything
Giving it a go, resistance turned into support with an engulfing candle, might hold for an intra scalp north
cable tech