In my first public webinar of I go over what you can expect in the trading year ahead and how best to take advantage of it with the best forex setups in This was one of my biggest live sessions yet, in which we covered volatility, trends, ranges, breakouts, continuations, and a bunch more.

So read on to learn what the best price action trade setups are for , and how you can trade them even if you are short on time! Every year I layout a game plan for the coming 12 months so that I have a clear set of goals that I can work towards. If you are familiar with my content, you know that I emphasise the importance of goals. It gives you something tangible to work towards and that direction serves to progress your trading, instead of going in circles encountering the same problems, just on different days.

Simple yet effective. The U. We also saw the continuing impact of Brexit on GBP and EUR pairs that undoubtedly impacted the market consistently, with spikes occurring regularly throughout the year. On top of that, we have also seen new highs and new lows across a lot of pairs that by itself causes uncertainty. ADR is useful for traders when you want to assess market conditions for past, present, and future forecasts.

Well, the daily range is the difference between the highest and lowest points that price reached in a day. So you can see that ADR is a way for us to visualize market volatility over an entire year — this informs us in an important way that helps us tailor our trading approach to the market conditions. This is why I love Price Action — it is flexible and can be used in pretty much all market conditions! ADR has been on the lower side for the previous 3 years which means market volatility is low at the moment.

Previous low volatile periods were from and the latter not shown in the image. This factor, combined with the resolution of the trade war and Brexit, leads me to the conclusion that will see an increase in volatility, requiring an adjustment in our trading approach from previous years.

We have marked the trend bars in the charts. Bull trend bars with green arrows and bear trend bars with red arrows. This is because the best trades happen quickly like a knee-jerk reaction. By canceling orders that are not triggered swiftly, we are avoiding inferior trades and taking only the very best trades.

You can use this price action trading setup for swing trading as well. Price action trading setups work well in the forex market. This simple price action trading setup is robust enough for long-term analysis as well.

The Trend Bar Failure trading setup is straightforward and versatile. It is the ideal starting point for price action trading. The basic premise is the trapping of counter-trend traders. However, it manifests in different forms like inside bar failure and the pipe pattern. As shown in the many examples above, you can use this price action trading setup in time-frames ranging from intraday trading to longer-term monthly analysis.

Want to learn more price patterns like the Trend Bar Failure? Check out my price action trading course and start learning right away. Two days ago I put the lens of this setup on the charts and picked up signals on AUDNZD and USDSGD. Questions: 1. Have you got any backtest stats on this like you did for the inside bar setup. How much of a trend should exist before you trade? Must the 20EMA be sloping for most of the visible screen? Would you consider setups where the slope recently changed direction with price having made a new HH or LL?

Your reviews come across as very professional and objective. This makes me quite receptive to this setup that is your own. Attached are my two charts mentioned above the additional indicators are just bar range and body range calculations. To answer your question, I would consider trades where the slope of EMA recently turned.

Hello Galen great site, the strategy is awesome I use it on the daily time frame and use three emas of the 10,20 and 30 to establish my trend.

I also noticed that when the emas indicate a uptrend and a bearish pin bar forms the following day would invalidate the pin bar and force those sellers out often leading to explosive moves in the direction of the trend vice versa for a downtrend. Galen, Many thanks for sharing this and all the other strategies posted here.

I have learned that new prop traders get buying power and technology from their firms but, depend on other traders when it comes to technique and strategy. I greatly-appreciate your willingness to share and help shorten the learning curve. Profit Target? Stop Loss? I always place a stop-loss just below the setup bar for long setups and above for shorts.

I like measured moves and volatility measures like a multiple of the average range. The methods you mentioned are reasonable choices too. In other words, they were trapped out of their positions and had to re-enter.

Ideally, their re-entries would help to push the market in our favor. For simplicity, we will focus on a single price pattern, the Pin Bar, as our basis for re-entries for ease of discussion. While the Pin Bar is a popular price action pattern among forex traders, feel free to replace it with any other price action pattern. The re-entry method is a trading approach and not a mechanical strategy.

The Pin Bars shown are marked out with our Price Action Pattern Indicator. It was a hint that the market bias has changed and was no longer bullish. Second, in the 6J example, the original entry and the re-entry formed much further apart compared to the 6E example.

This lack of proximity was a sign that our original trading premise Pin Bar with support was no longer valid. Third, the market hit a target projected from a triangle chart pattern orange lines. Since the original setup coincided with the break-out of the triangle pattern, the projected target held sway.

It follows that when the market fell, fewer traders were stopped out and trapped out. Hence, the re-entry approach was not ideal in this case.

The re-entry approach is especially handy when you have a trading idea that requires further confirmation. Re-entry setups tend to work well when the original setup was barely stopped out, like in this example. If the market has changed so much that your original premise is no longer intact, avoid the re-entry.

Most importantly, understand that the re-entry approach does not remove the need for sound market analysis in the first place. It merely helps with finding a more reliable entry timing.

Overall, the re-entry trading method presents a simple way to enhance the probability of any price action pattern. Generally, good re-entries occur soon after the original setup. The re-entry trading strategy is also versatile as you can use any price pattern as its basis. For instance, in my trading course , I discussed the concept of re-entries with the patterns taught in the course, including the Trend Bar Failure and the Anti-Climax pattern.

Want to become a profitable Forex trader in using Price Action? Look no further than this completely free and live webinar where I show you the best setups for the coming year that will get you the results you want.

In my first public webinar of I go over what you can expect in the trading year ahead and how best to take advantage of it with the best forex setups in This was one of my biggest live sessions yet, in which we covered volatility, trends, ranges, breakouts, continuations, and a bunch more.

So read on to learn what the best price action trade setups are for , and how you can trade them even if you are short on time! Every year I layout a game plan for the coming 12 months so that I have a clear set of goals that I can work towards. If you are familiar with my content, you know that I emphasise the importance of goals. It gives you something tangible to work towards and that direction serves to progress your trading, instead of going in circles encountering the same problems, just on different days.

Simple yet effective. The U. We also saw the continuing impact of Brexit on GBP and EUR pairs that undoubtedly impacted the market consistently, with spikes occurring regularly throughout the year. On top of that, we have also seen new highs and new lows across a lot of pairs that by itself causes uncertainty. ADR is useful for traders when you want to assess market conditions for past, present, and future forecasts. Well, the daily range is the difference between the highest and lowest points that price reached in a day.

So you can see that ADR is a way for us to visualize market volatility over an entire year — this informs us in an important way that helps us tailor our trading approach to the market conditions.

This is why I love Price Action — it is flexible and can be used in pretty much all market conditions! ADR has been on the lower side for the previous 3 years which means market volatility is low at the moment. Previous low volatile periods were from and the latter not shown in the image. This factor, combined with the resolution of the trade war and Brexit, leads me to the conclusion that will see an increase in volatility, requiring an adjustment in our trading approach from previous years.

Depending on your style, you may not prefer this though. Higher volatility means there are more spikes in price and price is therefore much less predictable — something that risk averse traders will not fancy. You usually hit your targets much quicker, freeing up your margin for the next trade ultimately resulting in more trades which, if you are trading well, means more profits!

This is why I always stress the importance of preparing for the year ahead. It means you can adjust to the pros and cons of the market and take advantage of it so you make the most profit.

The other market condition that is worth noting is that a lot of the major pairs are seeing some significant lows being hit. When there is consolidation of lows across multiple pairs, that usually signals that there will be a turn around. Nevertheless, predicting the end of a major trend carries some risk so you should not assume that they are over. Yet, the possibility is still there that we could see some pretty massive bullish pushes on a lot of the major pairs this year, trends that will be extremely lucrative if you can ride them.

At the end of the day, you can never be certain so you need to keep your eyes on the chart, note down significant levels that you want to be notified when broken, and be prepared to take some longer term trend trades. So, we have an idea of what to expect now that we have identified the market conditions for the coming year — how do I plan on trading in these conditions? These conditions should be placed in your trading plan if you have one, or in a document you look at frequently.

Do not underestimate the impact simply being aware of these conditions can have. Alright — we know the conditions, how about the setups that we are going to use to execute our plan?

Our first and most important tool for trading in these market conditions are continuation trades. These are setups that go with the major trend and take advantage of strong runs. They are perfect for target extension and are often quick to reach targets. I go over these in depth from in the webinar. However, they are popping up more frequently at the moment and can get you a great run of profit. There are a few ways to approach these in regards to rules for entry among some other parameters.

I go over all of it in-depth at in the video. These setups take advantage of pulbacks within a trend. A natural property of trends is that there will be pull backs. In order to take advantage of this, you should look toward lower time frames. I go over these in-depth at in the webinar. And there you have it — forex trading for the year, its market conditions, a plan to execute on and setups to focus on. Ultimately, you need to be flexible to market conditions as they unravel so whilst this plan can serve as a guideline, you still need to exercise some adaptability to what you see.

Afterall, the power of Price Action trading is its flexibility and adaptability, something that you should always be aware of and use to its fullest. The coming year looks to be an exciting one for forex trading and I personally am pretty excited for it. If you have any questions, comments, suggestions, please feel free to leave me a message in the comments below and I will respond to all of you. Open main menu. Strategies Basics Strategy Forex Mastermind Funding Articles Clock Chatroom. Log in.

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So you can see that ADR is a way for us to visualize market volatility over an entire year — this informs us in an important way that helps us tailor our trading approach to the market conditions. The re-entry trading strategy is also versatile as you can use any price pattern as its basis. For instance, in my trading course , I discussed the concept of re-entries with the patterns taught in the course, including the Trend Bar Failure and the Anti-Climax pattern. You guys are awesome. Always consider the market bias before using the re-entry trading strategy.

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