Free Price Action Trading Commentary - Forex Trading University

[lewisbarber]

Daily Forex Trading Commentary - Monday 21st April 2014

GBP/USD - Consolidating Below Key Resistance, Trend Remains Strong

This pair has consolidated below key resistance over the bank holiday weekend but the trend still remains strong to the upside. We expect to see this market push higher this week or produce a very obvious false-break - we will wait for either scenario to play out before looking to act here.



Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach
5. Pin Bar Forex Trading Strategy

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

 

[lewisbarber]

Daily Forex Trading Commentary - Wednesday 23rd April 2014

NZD/USD - Consolidating Above Support, Pop Higher To Come?

This pair is consolidating above support at 0.8555 this week and produced a small pin bar today - could we be about to see a pop higher and retest of 0.8745 resistance? The most logical play here would be a buy-stop order above the high of yesterday's bar to trade with momentum behind us.



Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach
5. Pin Bar Forex Trading Strategy

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

 

[lewisbarber]

Daily Forex Trading Commentary - Wednesday 30th April 2014

EUR/USD - Massive Rejection of Key Support, Look For Entry On Retracement

The EUR/USD produced a massive rejection of key support at 1.3785 today as price exploded higher into the close. From here we could see a move back to key resistance at 1.3965 before price begins to run out of momentum. The most logical entry here would be around the 50% retracement entry of today's bar with stop-losses below the low - this will leave lots of room for good risk / reward on this setup (for educational purposes only).



Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach
5. Pin Bar Forex Trading Strategy

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

 

[lewisbarber]

Daily Forex Trading Commentary - Sunday 18th May 2014

EUR/USD - Bullish Price Action Pin Bar From Key Support

The EUR/USD produced a bullish pin bar from key support on Thursday last week and dipped back to around the 50% retracement level in Friday's trading session. There has been a lot of selling in this market over the last week or so it is advisable to be cautious here. This setup is still very well defined and at a strong support level so has a good chance of success. If traders are able to monitor intra-day price movements it would be good to look for bullish confirmation on the 4-hour / 1-hour timeframe to give extra 'weight' to this setup.



Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach
5. Pin Bar Forex Trading Strategy

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

 

[lewisbarber]

Daily Forex Trading Commentary - Monday 19th May 2014

USD/JPY - Bullish Price Action Pin Bar From Key Support

This pair produced a really nice pin bar from strong support today and we could definitely see a move higher from here. The most logical entry would be around the 101.35 level with stops below today's low (for educational purposes only). I have published my live trade setup in the member's area for those that are interested.



Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach
5. Pin Bar Forex Trading Strategy

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

 

[lewisbarber]

Daily Forex Trading Commentary - Tuesday 20th May 2014

AUD/JPY - Price Breaks Down Below Key Support

Price broke down below key support at 9450 today and looks to be well positioned for a new downtrend. We will wait and see if we get a small retracement before looking to short this market inline with the recent selling pressure.



Dow Jones - Making Lower Highs, Sell Off To Continue This Week?

This market started to sell off from near 16800 last week and has produced a pattern of... Click here to keep reading this price action trading commentary.

Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach
5. Pin Bar Forex Trading Strategy

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

 

[lewisbarber]

Daily Forex Trading Commentary - Wednesday 21st May 2014

USD/JPY - Unfortunate Shake Out Here Too!

There was a nasty shake-out on this market too today, but the resulting pin bar is really quite nice. Sometimes this happens in trading, and you just have to take it on the chin. There is now another, much better signal, and therfore, it makes sense to consider trading an upside bounce from this setup. Unlike EUR/USD, this pin bar has closed much more bullish.



Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach
5. Pin Bar Forex Trading Strategy

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

 

[lewisbarber]

Daily Forex Trading Commentary - Monday 26th May 2014

AUD/USD - Consolidating Above Key Support, Looking For Price Action Buy Signal

This pair has been consolidating above key support for the last few days now and we are waiting for a good price action buy signal to join this market. There remains a high probability that this pair will start moving back to the top of it's trading range shortly and traders can wait for a price action signal on the daily or 4-hour timeframe to trigger an entry into this market over the next few days. If support at 92.00 breaks on the other hand, we will probably see a significant move lower.



EUR/JPY - Key Support Holding Strong, Price Action Pin Bar Could Play Out Nicely

The price action pin bar we discussed in our market commentary last week seems to be holding nicely at key support (despite being counter-trend). The fact that the market has... Click here to keep reading this price action trading commentary.

Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach
5. Pin Bar Forex Trading Strategy

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

 

[lewisbarber]

Daily Forex Trading Commentary - Tuesday 27th May 2014

Gold - Large Downside Breakout, Market Closes Below Key Support

The Gold market finally broke out of its consolidation range / triangle today and closed below key support at 1270. We will look for a good price action sell signal over the next few days to trade the new momentum in this market. This signal will either take the form of an inside bar or a pin bar that occurs after a retracement, keep tuned in to our commentary where we will be watching this market closely to see what happens!



Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach
5. Pin Bar Forex Trading Strategy

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

 

[lewisbarber]

Daily Forex Trading Commentary - Thursday 29th May 2014

Crude Oil - Second Chance Short Opportunity Coming Up?

The Crude Oil market popped higher today back towards key resistance, this may well provide traders with second chance to look for short opportunities here with a very good risk / reward opportunity.



Hang Seng Index - Price Rejects Key Resistance, Forms Price Action Inside Bar Today

We've been watching this market reject key resistance for a few days now. Today we got... Click here to keep reading this price action trading commentary.

Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach
5. Pin Bar Forex Trading Strategy
6. Forex Training

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.