Reversal trading is pretty simple when you see a picture perfect set up. Check out the trade to the left. The trade is a EUR/AUD 12 hour chart I took on June 25th, 2014. That set up is pretty much flawless.
Most reversal trades do not look perfect. In fact, price action rarely ever looks perfect. Usually it is tougher to spot, and enter reversal trades.
So, are you struggling with learning how to trade price action?
Last week I held The 3 Day Price Action Challenge. A series of three webinars in which I shared some of my Price Action secrets, so you can start taking Price Action trades too. In the webinars I covered candlestick analysis, support and resistance, and how to trade reversals. Below you will find a recording of each of these webinars. Watch them all and feel free to ask any questions you have in the comment form below.
On Wednesday I held the last webinar in the 3 Day Price Action Challenge. In the webinar I explained how to use Candlestick Analysis and Support and Resistance together to trade reversals. In case you missed the first two webinars you can watch the first one here and the second one here.
In this webinar we ran out of time, so I was not able to explain how you can use Price Action to close bad trades out early.
Unfortunately, during the webinar I was not able to cover everything I wanted to cover. I got a little distracted and sidetracked as I had to stop to answer questions. I feel like I didn’t do the best job at explaining how to place support and resistance on AUD/USD….
…So I added an extra video at the end of the webinar in which I place support and resistance on USD/CAD.
Last night I held the first webinar in the 3 Day Price Action Challenge. In this webinar I shared my Price Action techniques for reading and understanding candlesticks. You can watch the webinar below.
In the next webinar I will cover Support and Resistance areas.