Swing Trading | Price Action Trading Commentary

Forex School Online'sWeekly Market Summary & Price Action Commentary

Swing Trading | Price Action Trading Commentary was last modified: June 22nd, 2016 by Johnathon Fox

CADCHF A+ Pin Bar & is Price Making Flip on Daily Chart of Coffee? | Weekly Charts in Focus | 24th Apr 17

Wow, a lot has been happening and is happening in the markets.

I have been flat out and if you are someone who wants to learn to trade, then over the next little while you are in luck because I have a ton of stuff for you.

 

CADCHF High Probability Pin Bar Reversal on 4 Hour Chart

Price action on the daily chart of this Forex pair has made a large move lower, straight down and through a strong daily support level after forming a Bearish Engulfing Bar = BEEB.

As we often discuss, we want to try to trade with or have in our favor as much as possible either the trend or the strong momentum when looking to make trades.

Sometimes this can be tricky, especially in situations such as these when we are taking a trade on an intraday chart using a daily marked level.

I explain this in the lesson that contains a video for you and how you should hunt high probability trend trade setups at;

High Probability Trend Trading

You will notice that whilst the daily chart has no momentum at all, on the 4 hour chart price is at the beginning of what could be a potentially strong move lower and whilst it is not a trend lower as yet, we are below the major daily level and trading at the major resistance, and ticking boxes in our favor.

 

Daily CADCHF Chart

Daily Forex School Online Instagram Chart

 

4 Hour CADCHF Chart

Pin Bar CADCHF FSO

 

Will Price Rotate Higher Back Into Major Resistance On Coffee Chart?

This is a market I do not normally discuss in the public charts in focus summary. However; it is becoming more and more stable as the weeks go by as you can see just by looking at the price action for yourself.

It is respecting its major levels, and the ‘gaps’ are becoming less frequent.

This is making it easier to trade, however; in saying all of that… it is still a highly speculative market and it will still gap regularly and spike when you do not expect above/below your stop.

We have spoken before about how to select the markets and Forex pairs you personally trade and which ones you add to your watch lists.

The things you need to take into account are factors such as government intervention, which whilst it has not happened as regularly as it was a few years ago when the Japanese government was intervening in their currency price and we were seeing major price spikes, it is still something to keep in the back of your mind for the future.

You need to consider gaps in price and the risk you are willing to take.

You need to consider open times because you do not want to be trading individual stocks for example with the wrong method/system.

You need to also be aware of the different minimum order. For example; a lot of the futures / CFD’s have a min 1 standard contract 100,000 entry, however FXchoice.com allow smaller lots for a lot of these such as gas and oil.

Any other questions post them below.

I also discuss these in The major factors you need to look for when picking your New York Close 5 Day Broker and what you need and don’t need.

Daily COFFEE Chart

Coffee Price Action Chart

 

 

To make sure you do not miss any of the upcoming cool stuff we have coming in the next months, join the VIP email list if you are not on it. You will get premium lessons, and cool videos – info off limits to the public!

JOIN THE VIP EMAIL LIST RIGHT HERE!

 

 

CADCHF A+ Pin Bar & is Price Making Flip on Daily Chart of Coffee? | Weekly Charts in Focus | 24th Apr 17 was last modified: April 25th, 2017 by Johnathon Fox

Previous Forex Price Action Trading Signals


Looking at Aussie 2 Day Charts Price Action Pin Bars | 11th April 2017

Wowee there is a lot of 2 day chart price action at the moment... and 8 hour price action for that matter. In this 'Charts in Focus' post I am going to take a look at the AUDSGD and EURAUD 2 day charts because in the video I posted most recently at Trick to Trading Multiple A+ Trades in Same Forex Pairs & Never Risking TOO MUCH… I looked at their charts and their … [Read more...]

Looking at Aussie 2 Day Charts Price Action Pin Bars | 11th April 2017 was last modified: April 12th, 2017 by Johnathon Fox

Trick to Trading Multiple A+ Trades in Same Forex Pairs & Never Risking TOO MUCH…

In today's 'video' charts in focus lesson I cover 3 main focus points for you; The Aussie markets - AUDSGD, EURAUD & AUS200 It looks at how you can create different time frames for your charts with MT4 charts because I look at a 2 day time frame in the lesson And, it looks at how you can hunt trade setups that are in the same markets or Forex pairs and … [Read more...]

Trick to Trading Multiple A+ Trades in Same Forex Pairs & Never Risking TOO MUCH… was last modified: March 30th, 2017 by Johnathon Fox

Did the CHFJPY Daily Chart Pin Bar Pass or Fail? | 14th Mar 2017

Price on the daily chart of CHFJPY formed a Bearish Pin Bar reversal that was up at the high by itself and looked a fairly solid pin bar reversal. When looking to identify the market type and the overall price action story - keeping in mind that the price action story is KING and the trigger is used as confirmation or as a way to simply enter the trade, we can see that in … [Read more...]

Did the CHFJPY Daily Chart Pin Bar Pass or Fail? | 14th Mar 2017 was last modified: March 21st, 2017 by Johnathon Fox

Platinum Pushes Lower After Forming a Swing High Pin Bar on the 2 Day Chart | 3rd Mar 2017

The Platinum market has been forming solid setup, after solid setup in recent times, and now price has moved back lower after forming yet another quality pin bar reversal. Quite a few traders are cautious of these 'other' markets and will stick to Forex and Gold / Silver only. However; we all start out cautious... First we are cautious of trading major Forex pairs … [Read more...]

Platinum Pushes Lower After Forming a Swing High Pin Bar on the 2 Day Chart | 3rd Mar 2017 was last modified: March 3rd, 2017 by Johnathon Fox

Price Action ‘Stepping’ Lower With a Double Inside Bar Setup on EURNOK | 21 Feb 2017

Price on the daily chart of the EURNOK chart has formed back-to-back Inside Bars = IB's sitting right on-top of a major support level that was also a key price flip for this market. These Double Inside Bars have acted as price clues and footprints for price to make a breakout attempt that is in progress as I make this 'charts in focus' post for you now. Whilst I make … [Read more...]

Price Action ‘Stepping’ Lower With a Double Inside Bar Setup on EURNOK | 21 Feb 2017 was last modified: February 21st, 2017 by Johnathon Fox

Where Will AUDCAD 4 Hour Chart Inside Bars Go? | 8th Feb 2017

The Daily price action chart of the AUDCAD is a heaven of trigger signals of late, forming rejection price action setups rejecting the major price flip level. As my first chart below highlights for you; price has rejected this level and also formed solid price action triggers such as Bearish Engulfing Bar setups = BEEB's. What is super interesting however is that; … [Read more...]

Where Will AUDCAD 4 Hour Chart Inside Bars Go? | 8th Feb 2017 was last modified: February 8th, 2017 by Johnathon Fox

Germany Week / Day / Intraday Price Action Potential Test Key Price Flip… | 30 Jan 2017

As I have shown on my charts below, price action is moving lower on the Germany 30 (GER30) at a rapid pace. This could be a crucial support level for both price in the coming sessions for determining where it goes, but also for keen price action traders who will be watching this like a hawk... As you can see below I have attached three charts below; 1: Weekly Time … [Read more...]

Germany Week / Day / Intraday Price Action Potential Test Key Price Flip… | 30 Jan 2017 was last modified: January 31st, 2017 by Johnathon Fox

GBPJPY Breaks Lower After Inside Bar Price Action Daily Trigger | 16th Jan 2017

Hey guys and welcome back to Forex School Online's Charts in Focus! Today I am looking at the GBPJPY price action chart and in particular how price has now broken below the daily inside bar trigger, after price formed a large gap lower at the start of play on opening. If you take a look at my daily chart below I have highlighted a bearish pin bar for you that started … [Read more...]

GBPJPY Breaks Lower After Inside Bar Price Action Daily Trigger | 16th Jan 2017 was last modified: January 17th, 2017 by Johnathon Fox

How You Can Cherry Pick Setups From Quick ‘Price Action Flips’

Knowing how and when to pick the best trade setups obviously goes a very long way to becoming a high probability and profitable trader. However; there is something that a lot of traders often leave out and something that a lot of traders just don't even think about in their trading. I grew up around Orchard and fruit farms where the farmers grow all of the fruit for … [Read more...]

How You Can Cherry Pick Setups From Quick ‘Price Action Flips’ was last modified: December 13th, 2016 by Johnathon Fox