The Harsh Truth About Price Action Trading Strategies.

What all new beginning traders should know. Part 2 of 4.

Welcome to Savage Forex. We’re gonna do some training today. How is everybody out there?

The first step in this forex strategy building process is you want to use Price Action, period. So you can just do one step alone. How do you just use straight up Price Action to do these trades? This is going to create the strategy. The first step in Savage Forex Strategy Builder is to see the directions of the chart movement, also known as Price Action.

So, we ask ourselves what is the trend direction of the price action? There’s an easy three step way to get into even more detail on that, but Price Action at it simplest form. So we’re gonna go into pocket options real quick. Cause it’s Saturday, it’s the only market open. So as we look at these candle sticks, it depends on your focus, but in general, you look at the chart whether it’s, let’s say one hour, three hour, daily, whatever. The first thing you want to do is look at the price action. It doesn’t matter which currency pair we’re using. You know what I’m saying? Whatever this number is on the right, that’s your price. So as you look at the price, what is it doing?

It’s either going down or up… It’s not complicated. So that’s your first step in your strategy building, is to find a way to identify price action. You can just look at it visually and you can see that it’s going down or up, but maybe it’s a little confusing. Maybe it looks a little choppy. So then what is it doing? It’s going up and down, lol. Really, it’s not complicated. All you’re trying to do is get you a single baseline and then you build on top of that, right? It’s really that easy. If the Price Action is upward that is your first queue or element in the trifecta of Price Action, Support & Resistance, and Indicator Strategy Builder building blocks.

Yes, trading is not that simple, but it is. Can you be successful just using a single indication of future price movement? Well, honestly speaking … The answer is yes! There are a few extra steps that would be needed to take as far as emotional control while trading and risk management, but the answer is yes. I wouldn’t advice that but it could be done. That’s why we use a 3 prong approach to strategy building at its simpliest form. The Savage Forex Strategy Building Template is the best! It’s very simple, but it came from nearly 20 years of thousands of strategies and well over 1 Million live trades. Some professional sports players make their jobs “look” easy but it took a lot of bumps and bruises to gt there. No I could never dunk, but I’m sure a seasoned NBA player could show me an easy way to make free throws. I’m no Michael Jordan, but I can make few free throws.

So, with that said this is the first step in The Savage Forex Strategy Builder Template. Easy peasy. You know what I’m saying? Hot comb and greasy. You feel me? That’s it. That’s a basic Price Action step in the strategy. Then I can show you a way to track your strategy. Then I can show you the best way to implement your strategy. You’ll find the best times to use that particular strategy of yours, not somebody else’s. You can track it, then I can get it to trade for you. Then I can get your strategy to trade 24 hours a day for you, and be able to track it and know when the best time you want to show up and trade live.

Using this easy 3 step system you can build strategies for Spot Forex, MT4, MT5, Forex Binary Options, Crypto Currencies, Bitcoin, Funded Trading Accounts, E-Mini, or any other tradable Digital Asset. Next we’re gonna get into how to break down the support and resistance. And then next we’ll be moving into what we call the Goldilocks. Papa Bear, Mama Bear, and Baby bear. So you can find that sweet spot. All right, let’s go. Joseph Savage Forex. One. I got you. Joseph Hopkins Forex.