Candlesticks Fibonacci and Chart Pattern Trading Tools. The 10 Essentials of Forex Trading -free-ebook-download. Technical Analysis. finance knowledge. The Art of Japanese Candlestick Charting. The information contained in this guide is for informational purposes only.

I am not a financial advisor. Any legal or financial advice I give is my opinion based on my own experience. You should always seek the advice of a professional before acting on something I have published or recommended.

Please understand that there are some links contained in this guide that I may benefit from financially. No part of this publication shall be reproduced, transmitted or sold in whole or in part, or any form, without the prior written consent of the author. Users of this guide are advised to do their own due diligence when it comes to making business decisions and all information, products, and services that have been provided should be independently verified by your own qualified professionals.

By reading this guide, you agree that myself and my company is not responsible for the success or failure of your business decisions relating to any information presented in this guide. I created this guide because I feel that every trader should learn how to read price action of the markets.

By learning how to read price action, you can better time your entries, reduce your risk, and improve your trading performance. Tradingwithrayner and this guide are my way of giving back for all the fortunate things that have happened to me. This guide lays the foundation to price action trading. To all my subscribers, followers and friends out there, old and new, thank you for the gift of support.

Rayner Teo 5 www. Imagine: I want to sell 1 million shares of "Apple. In total, their buying pressure is 1, shares. Now, compare this with the selling pressure of 1 million shares from me. Where do you think price is headed? In this case, there is one seller which is me against 10 buyers, but the price is still heading lower.

The takeaway is this Role reversal 3. Resistance - An area on the chart with potential selling pressure to push the price lower. Here are a few examples: 8 www. Role reversal Simply put If the price breaks below support, previous support becomes resistance. If the price breaks above resistance, previous resistance becomes support.

Here's what I mean But wait, that's not all… 10 www. Dynamic support occurs in an uptrend, and dynamic resistance in a downtrend. This is what I mean The answer is no. I use it because it fits my trading style. Ultimately you need to find something that suits you. Indicators are simply trading tools.

There's an ebb and flow to it. Wait, what's that? Impulse move - "Longer leg" on the chart, which points towards the direction of the trend. Candlestick size is usually larger, signaling momentum behind the move. Corrective move - "Shorter" leg on the chart, which is against the current trend. Candlestick size is usually smaller because of traders taking profits, without strong pressure.

You can trade pullback on a corrective move, and breakout on the impulse move. Depending on your trading style, both approaches let you get on board with the trend. Now, let's move onto to the next section It moves from a period of trend to range, and range to trend. This is the stage where traders who do not cut their losses become long term investors. So, you've learned what the 4 stages of the market are, and the key characteristics to look out for.

Now, let's move onto the next section Question: What is the trend of the market? Answer: What is your time frame? You're wondering: What does this mean? This means there are trends on different time frames. You can have a downtrend on a 5 minute chart and an uptrend on a daily chart. Here's an example let's learn how to define a trend objectively. If ma is pointing higher, and the price is above it, then the medium term trend is up. If ma is pointing higher, and the price is above it, then the long term trend is up.

Now, let's learn how to identify a range market A textbook example looks something like this: Now, before the light bulb in your head goes off with "buy low and sell high," I want you to see the reality of trading range markets.

Selling at resistance would get you stopped out as the price breaks above the resistance only to trade back into the range. Looking to "buy low sell high" would put you on the sidelines, as the markets go into a tighter consolidation.

Here's what I mean: 25 www. Now, let's move onto something interesting Example 1: a - Impulse move heading higher. This looks normal in an uptrend. This is something unusual. A possible complex pullback setting up. A ranging market means that price is moving between 2 areas of the market and is moving in a general sideways direction.

This sideways direction can also be referred to as market indecision or market consolidation. The next video in my price action trading course will teach you how price behaves when it is ranging. Japanese candlesticks are used by the majority of price action traders. They may look daunting at first but they are relatively easy to understand. Being able to read Japanese candlesticks can help a Forex trader understand where future price may be. They can show potential continuation of direction and also potential price reversal.

Each candlestick has a candle body and candle wicks. This will all be explained in the video below. Specific Japanese Candlesticks and certain formations formed by candlesticks can act as signals to buy or sell a currency pair. These candlesticks are referred to as price action setups. Engulfing candles are one of the most simple and commonly used price action setups. The next lesson in this free Forex trading course will teach you what an engulfing candle is and how it is used in price action trading.

Pin bars are another simple yet effective price action setup. Sometimes they are referred to as hammer candles or kangaroo tails. The video below will teach you what a pin bar is and how it is used in price action trading. Price action creates areas or levels within markets that are referred to as support and resistance. Support and resistance is formed from historical price reversals - where price has reversed in the past, can indicate where price may reverse in future.

Support and resistance is used by many professional Forex traders. There are different types of support and resistance, namely; horizontal support and resistance, diagonal support and resistance and dynamic support and resistance. When support is broken, it can become resistance. When resistance is broken, it can become support. The video below will teach you the basics of support and resistance Price action forms patterns that appear over and over again within the Forex markets.

These patterns can show where future price will be. Just like support and resistance, price patterns are used by many professional traders and are a must for any price action trader.

Just as price action forms swings when trading, price action can also form patterns to signal a trend or consolidation. The most common trend continuation patterns are consolidation patterns; wedges, triangles and breakouts. Please take the next step in this price action course by watching the video below Because traders are leaving their positions and selling out, all of a sudden there is more supply around.

What happens when there is more supply and not as much demand? Price starts to fall back lower again. Whilst there are many complicated ways you can start to use supply and demand levels in your trading, the easiest and often the best is with a clean price action chart. What does a clean price action chart mean? No indicators or any other distractions.

Just raw price action. See the example chart below. First you notice that price is in a trend higher. You then want to find long trades inline with the current trend. As this example chart shows, you get two potential trading signals to make a long entry.

Price first pulls back into a clear demand support area where you could enter long. Price then makes a second pulback into the same demand zone before making another large move higher.

Once you have learned how to spot obvious supply and demand zones on your charts, you can then start using them to find both high probability trades and also manage your trades.

You can use these levels to make very high reward trades and also to set your stop loss and profit targets. The next two examples of supply and demand trades are setups you will see and be able to use in your trading over and over again.

They form on all time frames and repeat themselves time and again. In the first example you identify a clear demand level. Price has clearly found demand at this level multiple times. If you are very aggressive you could just enter a long trade right from this level. If you are more conservative you could look to increase the odds of your trade by using a bullish Japanese candlestick to confirm your trade.

Price Action Trading SecretsTrading Strategies, Tools, and Techniques to Help You Become a Consistently Profitable Trader: Discover proven trading strategies, tools, and techniques to help you become a consistently profitable trader.

You can apply price action trading across different markets. If you want to learn how to become a consistently profitable trader, then go to tradingwithrayner. When I was 20 years old, I read a book on investing called: Buffettology.

I was fascinated by how a man could become so wealthy simply by picking the right stocks to hold for the long run. After reading Buffettology, I was hooked. I began looking for anything I could find to make myself a great investor. I read books on value investing and fundamental analysis. After a while, I noticed the authors kept repeating the same three elements:.

Now, armed with my newfound knowledge, I was ready to pounce on any opportunities that appeared on the markets. The first stock I bought was Sembcorp Marine in because it had solid fundamentals and the markets were recovering from the financial crisis. Then, after some reflection, I realized my emotions had triggered this action. So, unwilling to give up just yet, and with the markets making a bull run, I knew I had to get back in the game.

But being a fundamentalist who was trying to emulate Warren Buffet, I held on. At this point, I felt like a champion with a knack for picking stocks. Even my broker commented that everything I touched turned to gold. The euro debt crisis had hit the markets.

Because I was new to forex trading, I looked to the oTI Internet for help. I browsed forums, books, and DUC whatever I could get my hands on. He had a huge following and many traders worshipped him like a god. He taught us to use Bollinger Bands, to buy at the lows and sell at the highs.

I traded this strategy for a while and made money at the start, only to lose it all later. Focus on price instead. This led me to the world of price action trading. I learned about support and resistance, trendlines, candlestick patterns, and many other things. Again, I had a few winning trades at the start, but slowly, the losses came and eroded all my profits.

I need to find something more complex so the chances of it working will be higher. This brought me to the world of harmonic patterns where I learned about stuff like the Gartley, the Crab, the Shark, the Cypher, etc.

Those were the actual names of the patterns. At that point, I was frustrated and confused. After years of trial and error, I finally realized my DUC mistake. Rather, my mistakes were rooted in my lack of understanding of the natural laws of trading. I fought against these laws and paid the price.

But when I finally embraced them, my trading changed forever. Today, I manage a seven-figure portfolio, trade across forex, stocks, and ETFs, and have more than , traders following my TradingwithRayner blog each month.

What a ride! Also, price action trading is subjective. The way you interpret a chart will naturally be different from the way another trader sees it.

This means that even if something is a secret, the subjective nature of price action trading will affect the way people interpret that secret. And this brings me to the question: If there are no secrets in price action trading, then why write a book about it? Well, there are three reasons. Writing a book will make me more money and diversify my sources of income.

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Price charts show a Forex trader a historical record of price movement and behaviour. d - Strong corrective move going higher with large bodied candles. Hint: They went against the down trend. Price action trading is about analysing who currently controls price, bulls or bears and if they are likely to stay in control. The key is consis- tency and do not keep changing the period or type of your moving average. If you were nimble and alert, you might have re-entered the position.

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