it is just chill was treated by the problem with thank you for checking out my video today before we get started with today's free forex trading video i want to give you a chance to pause this video right now go to our website TripAdvisor Pro offers you free forex trading 34 training videos and trade alerts and folks you do not want to miss our trailers we send out a bunch of trailers every month and our top-rated in the industry we send you our exact rates right to your inbox pause the video now go to trade advisor product I'm forward slash free and all you do is register and then come back to this video and we'll be sending a lot more goodies to help you with your forex trading enjoy today's training video alright we're going to today's trains here we have six trains coming up here on the show exactly what we're doing here and one things always you know here's when we trade if you've seen and show these pictures before you've seen charged with 101 different indicators trying to figure out which way the markets going folks pro trainers not trade like that all ok they focus on Pierre price action trading that is where is price moving in the direction you find a good entry find the trend whether its uptrend downtrend or sideways trend and you choose to most of the time ninety percent of time you sure you want to trade with the trend you wait for a pullback to the right opportunity you take an entry you find a a good opportunity for stop you make sure you have most the time at least a two-to-one rich to risk reward ratio so if you have a 100 pips stop-loss you want to make sure that most of the time that you have a to a 200 pip potential move alright so at that point when you have a a 122 risk-reward ratio you only you can actually lose half more than half your trades and still come out very profitable came so we're gonna get in here again disappear price action when you're looking at charts we're not going to be showing a bunch of crazy indicators and all this we're showing trendlines supporters is since entrance ok so here we're looking at the cad swistak a dollar against you this whistling and this is on the daily chart is all I trades daily charge sometimes I look at weekly charts but I focus on higher timeframes it is a lot less volatile it is going to help you sleep longer if you're trading off of a five-minute or 15-minute church and you wonder why you're stressed out go to one are charged and simplifier trading ok so here we can see I can show you some different things here but you can see here and start closing out some of these lines here that i have drugs i'm going to draw something out so i can show you why I've taken some of these trades and I'm going to keep these this channel trend trend lines to this channel line you can see how this thing was channeling up-and-down up-and-down up-and-down for a period of let's see here middle mineral third week in October other through so we're talking about what three months so for three months you can see how this is saying is pretty much right on beat man has come up and down up and down up and down up and down right off this trendline there's a lot of opportunities to buy sell buy sell these were longer term trades are going to be in here for weeks at a time but when this currency pair goes sideways it's a lot easier to visually see so let's draw some lines very easy and I talked about this before that you want to think about support and resistance as ceilings and floors okay and so here we are we have a floor you can see here the price came down here to this point right here at 90 100 and bounced off right and similarly came down pretty close to it bounced off it broke through but eventually broke back up a couple days later but in this area there is some level of support so i can bring brings out if you look across for almost the last six months 8 once you can see that there's a little bit stronger support in there not the most perfect support but it's a decent support level ok but recently you can see right here okay there's a really strong support / resistance point so i will show you this eventually as you can see right here for a couple of days price was coming pretty damn close to this area in rejecting right rejected and finally broke past alright so imagine this is the ceiling you finally were able to walk up the steps and once you walk up the steps that ceiling now becomes your floor that you're standing on so now you can see the prices are having a difficult time breaking back to the floor eventually breaks the floor see it now becomes the ceiling right so support I mean your resistance now becomes your support is it broke three years what was your support now becomes resistance to understand so look for those and you can see here all across your even a few weeks later boom it had it rejected off the boom rejected off that difficult time here broke through struggle a little bit and now we broke through so here's what we're going to do we're going to look at a some good potential trade opportunities and we're seeing that this thing and we talked about this in other videos but i want to say this again that eighty percent of the time a currency pair trades in a channel ok and a lot of times in the years this is the channel here just going to find the child this is a channel it's actually a small wedge channel here this is a channel hit in here had a small period of breakout small period breakout but what I believe now is pairs coming right back down into its previous channel so what I'm looking for since i'm seeing this thing that going to be dropping down here okay and fact we're going to sit two different trade so what is going to be a little bit more aggressive than the other actually know what we're not going to not going to take that long position until i can see that this train is going to hold but I'm looking at this thing coming back down here a little bit so what I'm looking now is we looked at friday at this pair and today's Saturday when i'm doing this markets pretty much closed but i can start looking at positions now for the week ahead on where I want to start getting in this and these these principles so we look at here you can see here on march 16th 2012 at the high of this currency pair went up to 9311 ok so and then the low at night so it's moved almost a hundred pips what I'm hoping is that monday when actually sunday evening eastern time when the asian market hits that the asian market is going to try to force a spare backup since it did go on this little mini uptrend in here for the last couple weeks have been brutal moving up here ok so I'm hoping that this currency pair will move up up into this range here let me see 91 92 93 actually 9300 i'm hoping to come up around nine 300 range because you can see here that this thing likes to come up and touch this thing ahead has the over the last few days and because fridays it was is actually below the funnies hi there's a shape is a chance on Monday this thing could go up there so what I like to do is not set my my cell price that 9300 but a few pics below around 93 the same 92 ok so it 9292 I'm sorry but I'm so we're gonna make this green this is just the way I like to do it this is for me to visually see where i'm looking at my entries I'm hoping price pulls back up here to this 9292 mark ok now what about my stop loss i'm going to my stop loss on the nearest swing high that we had at where price was was rejected so where would that be the nearest swing high was right here at 9400 if you look across here back in December and in January this pair actually is it is both of these are both January in January and then here in March price came up to 9400 23 times that's what you call a confluence of events ok this is where the confluence of i guess you can say of resistance we're right here right here and right here prices come up to 90 400h time in it in and what you need to understand is there is a constant battle between two forces all right think about Star Wars okay we've got the jedis against the fifth the good guys against the bad guys this isn't good against bad but you have buyers and sellers the bears against the Bulls ok the bowls are the buyers and the Bears of the seller's we have is constant buying and selling pressure and if you have more buyers willing to push sell a currency pair then you do I'm sorry more sellers selling the currency pair the new buyers then you have more selling pressure in the currency pairs going to go down if you have more buyers by an occurrence appear that you do seller selling then you're going to then you have more buying pressure in the currency pairs going to go up so right here three times one two three the the buyers the Bulls ran out of gas and the Bears took over and dominated ok and so you can see that if if this price is already shown three times over the last several months that it will not allow the market to break past 9400 does that mean you can't of corsicana can we can do anything we haven't we don't hold a crystal ball so what I want to do is set my stop loss above this recent swing high and what I like about the swing high is head is gonna have a very difficult time it's already proven in the past breaking through there so I like to keep this thing right above here little ways maybe 20 pips ok so we're going to say at 9420 i can get this thing to stay on 20 okay this is what we're going to put our stop loss i'm going to call that read this way when I color my charts like this i can visually see where i got in where my profit target is and wear my sunglasses at now since we're in this channel what I'm looking for price to do is to come down to this range in here but this has happened a lot of times guys you can't squeeze this is the same that i always say it is pigs get fed and hogs get slaughtered what that means is you want to be a pig in the forex market take some pips but a hog is the guy who's waiting out the squeeze every last pimp out of a trade and here's the problem like for instance if you were like let's say that we took this train it the price comes up on monday or tuesday and it spikes up to this range and it takes herself position in and we have our profit targets set here ok write down of this 90 100 mark which is some decent level of support but it's it's not perfect alright we're going to label the screen and you can see over here that price came down close to the line a whole bunch of times ok so when in dec instance when if we sell this pair and it drops all the way down to right here is a rightness rage it didn't take our profit target then the next day some big news announcement came out and boom this thing is shot up to the roof to canadian dollar knows whatever is some wonderful thing that's going to help the cut the country's economy blow through the roof that this the canadian dollar against we see shoots up in one or two days get stopped out and we were that close man i mean we're talking about we were up almost 200 pips in profit and instead of taking our profit we wait to the last minute i'll try to squeeze every less people that trade and we we missed it so here's what I'm gonna suggest you see this range in here there's a lot more support on that range to visit the 9100 this line right here is 90-120 i'm going to even go higher and say that you would want to go up to 9130 why because our goal is to pull the pips out early close this trade at that point you're 170 of pips you know if you're leveraging two percent of your account balance your risk reward ratio you've got a risk of about a hundred and thirty pics you make a hundreds and perhaps if you wish two percent of your account balance you just made about a 3.2 percent return on your training listen listen folks I'm going to take a little bit about making money and compound interest anybody who can make three percent month under money solid long-term is gonna be very wealthy and this is you did this on one trade so don't be creating take some tips early in there and there we go so that's what we're gonna do that's trade number one alright we're going to sell the the cad swissy at 9292 alright let's go to the next chart that I have here is the the pound dollar locate know one thing i like about the pan darkness discourage prepares a little bit more aggressive did some so if you're brand-new unless you if you're using our signals wonderful you can you can take these pound dollar trades but if you're trading on your own you've never traded before i would suggest train this perry it can move pretty aggressive pretty pretty quick but you can see again currency pair moves eighty percent of time in a channel ok so let's start looking at where are super simple support resistance so you can see in here we have a solid support right right here you have to see along here right in this area here technically back to prepare a little bit i'll look at here this beautiful is that line here that is about 5,700 seems like a really solid support ok right here great support boom great support support resistance resistance resistance support support broke through a little bit but had a real struggle see this have rejected these upset these pins boom-boom rejected rejected now we are at 1539 alright so that is one level of support and then to get some resistance levels right around in this range years back in here is a long-term want to look at long-term how that help ah yeah okay now long-term you can see that this mark here which is 1500 has been a difficult point to break boom boom right this is also back in the early 2000s summer 2011 fall 2011 you know city you see that back here in january and we've had and it broke through for a few days and then rejected so I'm gonna look at that oops wrong thing as a pretty solid support level so here's what we're going to do we are going to take two pairs no commitment again these currency prayers trade eighty percent of the time in a channel so this is a sideways channel this is a perfect opportunity when you see trains going like this are so many buying and selling opportunities in hear something funny right here buy sell buy now usually a seller last away before the line okay when i phi by near this line of cell early because lot of times you see this out it never quite made it up to that point if i sell here i'll usually pull up profit here okay and sometimes it depends if i see the momentum really pushing this pair could break through and keep going then at times we may close like seventy percent of our trade that are at a profit target and allow the rest to run because sometimes you can get three four hundred extra picks out of that and those extra that thirty percent of your trade balance can make you a higher return than your original piece the original 70-percent inclusion profit so what we're going to do i'm looking at this 1500 is solid support line but right around this range here is even is even better opportunity to sell so 5878 effective let's go a little bit more 5876 and get to 1676 ok I can't get in it in it so that ok so I'm going to 65 but 76 5876 ok so at 5876 we're going to sell this pair now we have two pairs to trades on this on this pear we're gonna set up both in advance okay this is probably going to take here monday because we had a strong candle and have a feeling on monday its momentum going to pushing a little bit more aggressively and we're going to so we're going to sell their that had 21 points 56 I'm sorry one point 5876 and we're going to close our profit right in want to make sure we yeah you know 3700 pretty solid is this thing will come down to that farm so let's say 5702 ok for profit target is 5702 and we're going to stop now where do we put a stop on the train this pizza place the first stop is above this swing high that came up recently so right around here was to swing high let's take a little bit further around c60 14 this is going to your step for sell ok so close again so we're gonna sell here to close out a profit here first up lesson here ok now our risk reward ratio on that is about 12 1 1 to 1.5 is so pretty good but this is when your rates when you're trading these ranges we have 10 trains we may late lose to your trading on this range so i don't have to necessarily your 1.12 to but we're also going to take a by opportunity okay and here's what we want to do because price keeps one to break down into this area here i would love for this pair to come all the way down to 5672 for a by opportunity so we would come down and price come all the way down to 5672 we're going to take a by ok and then put a stop loss really tight so it's going to be a little bit down to the past is Marcus a55 92 first stop i'm going to put we put the buying here i need to come up with a different color coding system i think because i realize that a lot of times i will i will put a limit entry order in short and long depending where the market moves so either way I catch a catch a trade show 5672 right up in here ok we're going to come on that green this is just for me visually and a profit target on this is going to be here and I'm not going to draw all of them all in here but we're going to keep our profit target it's ok let me look I'm gonna say 5858 15 you see how prices come up with this point even last few days it hasn't really push hard past app so let's say 5815 as our profit target okay so there we go get to trades here going to sell here stop losses is here and we hope will currency prepare to come down in this range 5700 and we close out a price profit or if price would dip down to this 58 I'm sorry 5672 then we want to put a tighter stop and see here now this is a good thing the risk-reward on this one is much greater you can see let me calculate how many peeps were buying at 5672 stop is we're talking about a whatsit than 80 pips top but we're looking at a hundred and fifty pimp game almost so almost ate almost a 12 to risk reward ratio okay so you got it alright alright let's go to the next part of the euro we're gonna do the same thing with the euro euro has been kind of in channel not as pretty of one but we're gonna do the same thing as well alright so here we go so we're going to have to take a cell in the x position on this currency pair so what I've seen here is around 3267 there's a great opportunity to sell so 32 because it actually let me come down here draw some see the support here line is really close to about right there right so let's delete this out and what I'm looking at here is a list of talk about our x position first this 3 we get a couple days ago actually took we box right here in the price came all the way down it came up to this shit right here weeks old i think it's 75 or and it anyway we was a hundred seven tips on understanding for peace we closed the price came a little further we close out the rest of our trade so we're going to want to take the same level so that at one point 30-35 ok I get to stay on that line close enough we're going to be taking a by now where we put our step this one we're gonna take a little bit deeper stopped because actually know what know where that we're not we're going to take our stop at 3180 i'm here i'm talking about how about that 2152 I got notes taking down here 21 52 notes here of what trains are going to take and i'm looking at two different things sorry but they're nowhere stops gonna be here so we're gonna have a tight stopped because we're looking at this thing has been channeling and right here you're gonna affect him fucking do it in little bit because he's been kind of channeling in here so we want this thing to swing down to this level here which it seems to keep been doing over this is end of january for set several time and we want price to come down at this point and we want to keep this top type but we're looking at the profit rate target on this thing right in here ok so 3180 is we're going to your profit target now this horrible estro by position now to sell I wouldn't want to sell even though this is a little channel this thing is broken out way too many times okay this is a cell by opportunity these things wonderful a Cell opportunity i want to go a little bit deeper in here and they may not even take the cell opportunity I've got to really look here listen let's back out here this discharge a little bit if you pull it in a little bit closer we can see this range right in here 32 it to 3276 3 2 76 yeah i would sell this parrot 3276 then we want to put our stop here because this thing broke up we don't know if it's gonna do it again i want to keep our stopped up in this range to keep us protected so 3512 ok want to make sure it's way past at that point right there which is a pretty solid 3500 levels a pretty solid support level of resistance point and then we want to take a profit around 30 32 although down here so if this trade was all the way up to this level in here okay then we're looking at a really good opportunity to sell ok for a nice swing down several hundred hipster so that's our cell position and we have one more trade that we want to put in here on the aussie yen now on the aussie n because of the aspects of overwrite overnight in straight differentials and how the bank's trade this pair i only go along this pair i only buy dolls again I do not sell take short positions ok ultimately this pair will drop like a rock and mineral adjust and that's when we start hitting boom-boom-boom-boom-boom but how would be accumulating by positions for months right now is it is training up pretty strong but you can see long-term it's going to have a very difficult time and it's hard to see those charts gonna make it we're at a point right now is gonna have a very difficult time going up any further alright so i would be interested in another x position right here around 86 15 ok so if we can get in a trade 86 15 186 15 then we will further stop Iran 8460 one right here okay bill lower than the swing low so b2c right now trades training uprights on a drop trend you wait for a pullback because prices always been just simply wait for a pullback second here see how it went up up pull bag goodbye an opportunity to up up up up pull back about pullback really nice ok we actually get data entry here it was really good but what prices see price especially since we're a hundred over 200 pips above this to pull back and we could work out pretty nice so it's probably going to pull back to hear about I would say 28615 markets going to it will pull back and put a stop loss bit below the swing lows below that below that and we want our profit target to be around right around where the various that now a few pics blower so right here talking about 8,800 being a major point so I was a few pics below 80 792 ok so that's where we're going to take a profit 80-72 we're going to trader 18650 to put a stop loss at 84 61 alrighty folks i hope you enjoyed today's training video if you have not done so already stopped this video now going to trade advisor procomp forward slash free and register absolutely free for free Forex training free forex trading videos and free forex trading alerts directly to your inbox go to the website right now and register for free all kinds of goodies for you thanks a lot