Price Action Trading Master Course (Forex and Crypto) - 2024

Learn how trendlines define support and resistance, the rule of at least three touches, and that trading relies on subjective lines around critical areas.

Keep charts simple and draw two to three trendlines to identify support and resistance, using trial and error on charts like EURUSD, GBPUSD, and USDCAD to guide entries.

Identify three breakout trade patterns: slowly power gain movement, retest, and formation after the breakout, and begin by analyzing power gain movements.

Track power gain movement by buyers gaining power and sellers losing power within price structures of resistance and support, then expect breakouts and place long or short orders accordingly.

Learn the retest concept: wait for a retest after breakout to avoid fake breaks, then enter. Use trendlines and optional moving average to confirm signals across forex and crypto.

Focus on formation after the breakout by waiting for price to calm, avoid fomo, and trade on breaks using trendlines for long or short positions.

Explore pullback trades in price action trading, building on candlestick formations. Identify rapid movement and fake breaks as the two pullback types.

Identify fake breaks where price tests resistance or support and returns to the channel, creating bull and bear traps. Wait for retest or formation before entering long or short positions.

Apply take profit with a minimum 2.5 risk-reward ratio to secure sustainable profits, setting entry, stop loss, and take profit, then stay patient as gains unfold.

Use the higher time frame to validate trendlines by drawing support and resistance on weekly charts, then apply them on daily charts to time pullbacks or breakouts.

Explore how the intersection of two or more trendlines creates a high-probability area for rapid price moves, using swing highs, swing lows, and real-time examples.

Apply fibonacci retracements to identify intersections with trendlines, using low and high points to find key levels for pullback or breakout trades.

Identify the nearest defense lines by drawing support and resistance trendlines, and choose pullback or breakout trades based on line strength on daily and weekly charts.

Identify break of structure to detect trend shifts, noting higher highs and higher lows, or lower highs and lower lows, and use support lines to spot long or short opportunities.

Plan two to four scenarios before entering trades, using support and resistance to guide pullback and breakout opportunities. Anticipate retests and fake breaks to refine professional decisions.

Learn to use trailing stop loss in price action trading, updating stops to the nearest swing high or low as retracements move, to lock profits and improve trade management.