User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday December 14, 2016 - 17:03:03 GMT
. - .

Share This Story:
| | Email

How to master the art of price action trading strategy

There are many different ways of trading the financial instrument in the forex market. One of the most popular way trading the live currency rates in the market is by using the price action trading strategy. Due to its extreme level of reliability, the number of price action trader is increasing day by day.

If you truly want to become a professional forex trader then the price action trading strategy will be the best pick for you. There are many novice traders in the financial industry who mess up their trading chart by too many indicators. But if you are professional price action trader then you will always have a clean chart.

Bearish pin bar price action trading

Figure: Trading the trend line resistance with bearish pin bar

In the above figure, the professional traders used the bearish pin bar trading strategy to execute their short order in the market. The chart is extremely clean and very easy to interpret. Always remember that in order to draw a valid trend line you must have to connect three points with a sloping line. Professional price action first has drawn the trend line first and then executed their short order right after the formation of the bearish pin at the trend line resistance.

In order to master the art of price action trading strategy, you must know the highly reliable candlestick pattern in the forex industry. The engulfing pattern and the bullish morning star and the bearish evening star is considered to be the most powerful price action candlestick pattern in the forex industry. However, in the eyes of trained profession, the pin bar is also a great price action signal to trade the important support and resistance level in the market.

As a professional price action trader, you must know how to draw the support and resistance zone in the market. In order to execute perfect price action signal in the market, you must consider support and resistance level as a zone. Since price tends to respect a specific are rather than a level in the higher time frame chart. Make sure you always use higher timeframe price action confirmation signal before you execute any order in the market.

Trend line trading technique is another great way of executing high probability trade in the market. Most of the professional price action traders use the trend line support and resistance level as trade execution zone. Once the price hit the specific support or resistance level in the market expert wait cautiously for the price action signal to execute their orders in the market.

There are many novice traders who often forces the trend line to join with the higher highs or higher low in the market. But forcing a trend line to join the higher highs or higher lows in the market always create false support and resistance level for the traders. As a professional price action trader, you should never force the trend line to join with the connecting points. If you can’t manage three connecting points in the higher time frame then there is no possible trend line formed in that specific time frame.

In the eyes of trained professional trading along the long term prevailing trend always generate high-quality trades in the market. If you truly want to become a professional price action trader then you should always trade in favor of the long-term prevailing trend. Make sure that you are taking your price action trading signal in the higher time frame.

One of the most common mistakes that every price action traders makes in the early part of their trading career is not following the risk management factors properly. They are so biased with a price action trading strategy that they think every single trade in the market is going to hit their take profit level. But in reality trading is all about probability and it can never become a certainty.

Execution of 1:2 Risk reward ratio


Figure: Perfect example of money management


Though the price action trading strategy is extremely reliable and profitable but yet you should always follow proper risk management factors in your trading.


Trading the forex market successfully combination approach of fundamental and technical analysis. You might master the art of price action trading strategy but you must know how to do the fundamental analysis in the market. Fundamental news releases are considered to be the price driving catalyst in the market. As a professional price action trader, you must be well aware of the major news in the market and size your trade accordingly. Always remember the most of the major support and resistance levels are breached on the eve of major news releases in the market.


If you truly want to become a professional price action trader then you must have a solid trading foundation. Most of the price action traders are all aware of all different types of trading techniques and strategies in the forex market. After going through all the different stuff they have come to a conclusion that price action trading strategy is the best trading strategy. So, as professional price action trader, you must develop a strong learning tendency and you should always remain up to date with the major financial decisions in the market.


The price action trading strategy is extremely simple and profitable. Those who are trading the financial market for a long period of time with price action signal knows very precisely the power of this trading strategy. As professional price action trader, you must always trade the key support and resistance level in the market. And always make sure that you are executing your trade in favor of the long-term prevailing trend with proper risk management factors.




Article was written by Dwayne Buzzell


An economist, Forex trader and Forex writer.  I have a keen eye for spotting international trading trends. My Forex experience as an individual trader has been thoroughly enjoyable and has brought significant returns for myself and my clients. More on my website: Forex Trader





Forex Trading News

Forex Research

Daily Forex Market News
Forex news reports can be found on the forex research headlines page below. Here you will find real-time forex market news reports provided by respected contributors of currency trading information. Daily forex market news, weekly forex research and monthly forex news features can be found here.

Forex News
Real-time forex market news reports and features providing other currency trading information can be accessed by clicking on any of the headlines below. At the top of the forex blog page you will find the latest forex trading information. Scroll down the page if you are looking for less recent currency trading information. Scroll to the bottom of fx blog headlines and click on the link for past reports on forex. Currency world news reports from previous years can be found on the left sidebar under "FX Archives."

Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan

Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

Start trading with forex broker Markets Cube


Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map

Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
Managed Forex Accounts
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.



By using this website, you are agreeing to our Privacy Policy and Terms of Use, and Cookie Policy

Copyright ©1996-2019 Global-View. All Rights Reserved.
Hosting and Development by Blue 105