The Forex intraday chart’ on Price Action Trading. In 2016, Nial won the Million Dollar Trader Competition.
Key market levels are the core foundation of all technical analysis and price action trading. By focusing on the raw price dynamics and key levels in a market, we can remove the clutter and confusion that so many trading systems and strategies are full of, and instead trade from a clear and objective mindset. Note: All charts in this lesson reflect the daily time frame. Trading with the dominant daily trend is the primary technique I use to trade the markets. Much of my course is dedicated to trend analysis and teaching traders to trade simple price action strategies in the context of a trending market. We can look for price action signals forming near levels of support and resistance that develop as a result of the natural ebb and flow of a trending market. In the example chart below we have the daily GBPUSD showing about the last 4 months of data.