Price Action Trading Was Hard, Until I Discovered This Easy 3-Step Trick...

"my prediction is that we will continue lower based on the fact that i've identified my trend as a downtrend and that structure wise we are in an area that is likely to push the market lower"

"my prediction is that we're going to fall from this song"

"after getting into this area as you just saw this was a trade we actually placed and since then if i click the play button here on market replay mode you can see that price has tumbled down dramatically"

"i can point out examples of losing trades as well and i will do that right now for instance let's keep this on the screen let's go right here and right now let's go ahead and identify prepare predict we know what price is going to do because it's already on the screen pretend you don't so if you didn't what would your preparation be identify the trend right now very obvious uptrend on the pound dollar we're in an uptrend what's our latest level of resistance that was broken"

"if price goes down we're expecting price to have a bounce from this level because of the fact that it is a solid level of resistance that could turn into support and it's been tested multiple times"

"i risked wait this should have been three 000 my position i risked way too little so i'm it's a happy mistake it was a mistake this should be about a thou about a 1900 loss"

"another trade i'm probably about to lose just to be completely transparent with you guys is here on the dollar and i don't know we're back at break even here on the dollar canada we'll see how this trade plays out"

"so here's a trade that we're currently in on the new zealand dollar sorry to blind you with the white charts but that's just where i have all this analysis done let's go ahead and go through step one step one is what identify trend and structure let's identify the trend here it's it's not that it's not that hard on this one right definitely a downtrend we've had a waterfall on the new zealand versus the dollar lately so we have a downtrend we know that trend check it off structure levels we want to pay attention to now looking at this the structure level i would normally pay attention to would be at least up here because that's a bit more of a bounce up than this was but let me explain why i used this level instead i did look left this is technically the latest support level that was broken in this downtrend so with that being the case i do have a reason to see it as a recent level of support"

"if we do push up to this level what's our next step we've now prepared we've made our prediction that this should become resistance if this downtrend is going to continue because it's the next major level of resistance price will hit"

"price started to push down right and eventually after today's news on the nfb we did hit our targets today for a one-to-one move or stop to break even and we're still trailing the second part of that position"