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DAY 23 - PRICE ACTION TRADERS

Here are some important points to consider, if you are a Price Action Trader:
1) Preserving win rate at the expense of risk/reward is foolish and a sign of a lack of confidence.
2) Very rarely taking a full loss on your losing trades is not something to be proud about. It very likely means your initial Stop Loss was too wide.
3) Those who consider themselves price action trader. If you can't find multiple setups per week, even as a part time trader then you really can't call yourself a good p…
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sonjatrader avatar

Very good recommendations!!

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DAY 26 - PRICE ACTION AFTER FOMC

Price action remain choppy on majority of pairs as traders awaiting for FOMC Statement and Interest Rate Decision tomorrow.
While analysts expect no change in interest rate and dovish tone from FOMC mainly due to stagnant global growth and its to early to gauge effect of Brexit and how it would effect future growth in UK and other countries in Europe.
In times of risk aversion, US Dollar & Japanese Yen is mostly in demand, as such I would be looking to buy these currencies in near future.
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DAY 12 - Price Action Trading

Over the years my trading have changed from using tons of indicators to absolutely no indicators. At present my analysis includes combination of support & resistance and supply & demand zones and observing price action at key areas.
In my opinion, price action trading is not just trading pinbars or engulfing patterns. Rather, it’s reading the sentiment of market participants, identifying areas of value, and trading along the path of least resistance. Moreover, there is no hard and fast rule and …
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EURUSD Analysis before FOMC News Event

Fundamental View

We are seeing lot of buying interest at 1.3880 on EURUSD as every dip into this level is being bought heavily. The fundamentals certainly doesn't look favorable to this buying spree because Eurozone CPI number came out as 0.7% which was weaker than expected and Germany ZEW Economic Sentiment fell from 52.8 last month to 46.6 this month, which is the lowest number since September 2013. Perhaps traders are more confident in Eurozone economic growth compare to US economic growth, …
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