Basic Price Action Course

August 27, 2015

Over recent weeks I have received a number of requests to upload a Basic Price Action Course. I thought that a basic course could act as a good predecessor to my Advanced Price Action Course and also help those that are new to price action.

 

You should be aware that this is a basic price action course, I had no intention to go through support and resistance, price action setups and other price action principles in great detail, nor did I intend to teach all the price action setups that traders use and analyse - perhaps there will be time for this sometime in the future!

 

Lesson #1 - Trending Markets

 

In all financial markets, price has behaviour. Though price may seem random to the novice, for the trained eye price is usually ranging or trending. In my first video for this course, I teach about price trends - downtrends and up-trends - and the characteristics of those trends.

 

 

Lesson #2 - Ranging Markets

 

If price is not trending, it can be ranging - moving between an upper and lower area in the market with a general sideways direction. Ranges can be as important to recognise and analyse as trends. Later on in this course I will demonstrate how ranges can be traded and the importance of identifying ranging markets.

 

 

Lesson #3 - Website Features

 

Time for a little break and to display the features of my Forex Price Action Website

 

 

Lesson #4 - Japanese Candlesticks

 

Now that you have a basic understanding of price behaviour, you are now ready to learn about Japanese Candlesticks. Japanese Candlesticks are used by most price action traders, they help the trader recognise buying and selling momentum with relative ease. Japanese Candles consist of a Candle Body and a Candle Wick, the body is formed by the opening and closing price of the candle, the wick is formed by where price was throughout the duration of the candle. Am I speaking gibberish? The video may help...

 

 

Lesson #5 - Engulfing Candles

 

Engulfing candles are the most basic of price action setups. Just like all candle setups, they display the shift between buying and selling momentum. The engulfing candle (and pin bar) can form the foundation of many price action strategies and systems.

 

 

Lesson #6 - Pin Bars

 

Pin bars are widely used amongst traders. They are a great setup for price reversals. To learn more about Pin Bars and trading reliable pin bars, please consider my Advanced Price Action Trading Course

 

 

Lesson #7 - Support and Resistance

 

Support and resistance is a must for price action traders, the evidence that support and resistance works and is respected continually can be seen on any financial market and on any time-frame. In this video I teach about horizontal support and resistance, trend support and resistance and dynamic support and resistance.

 

 

Lesson #8 - Price Patterns

 

Japanese Candlesticks can display the shift of momentum between buyers and sellers, price patterns can do the same. In this video I teach the 2 most common price patterns, head and shoulder patterns and double top and double bottom patterns. Both can be used to identify price reversals.

 

 

 

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