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EURUSD Analysis - Sellers Storm the Market From a Significant Zone EURUSD sellers … Continue Reading. I was able to open a stock trading account under my own name legally and just have my father as a signatory — believe it or not! This allowed me to have full internet and phone trading access. I could then pull the trigger, as a 12 year old, on any trades I saw fit on the Australian stock exchange. The other thing that this allowed me to get was free education which drove my mum nuts I must say, because she was getting phone calls regularly from people trying to sell things because I had given them her number when getting the free education in the post , and because I was using a broker, I was seeing ads for free education.

I would call every single one of these to be sent in the mail for free tips and education. I was always very thankful for my parents that they were super supportive in my passion for trading, and that not only did they not get in the way of it, but they actively encouraged it by being signatory on my broking accounts. This is something that really excites me about Forex, along with having the ability to create an income anywhere, anytime, no matter what the world climate is.

No matter if everyone else is losing their jobs, there is still potential to create an income. This is also what excites me about the future and the future for my son, and also, you and my members. The education, tools, videos, and other projects I create on this website are all with the goal of making you a better and more profitable trader.

That is pretty much it! The best way for you to get our very best education that does not get released to the public or be the first to know when there are exciting new announcements is to sign up to our FREE VIP Only Trading Email Class below that includes a free PDF price action guide and other bonuses. Safe trading and all the success,.

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world. A great course with the kind of calm, steady and professional approach that will get rid of the trigger happy tendency of new traders so that they can become lower stress, long-term, and profitable.

Thanks Jonathon. Your email address will not be published. Forex Trading for Beginners. Price Action Trading. Forex Charts. Forex Trading Strategies. Money Management. Best Forex Trading Platforms. Trading Lessons. com helps individual traders learn how to trade the Forex market. It happens. No matter what method you use for trading in the world, knowing when to pull the trigger and when to sit and wait is the key.

The traders who know the times to sit and hold and more importantly have the control to not make trades in this time have a huge advantage over those traders that just have to keep making trades. You have to sit tight and learn to deal with this part of trading.

The worst thing you could do is start making trades when this happens because the market comes and goes in waves. It does not take long at all and the next wave comes and a bunch of good quality trades all come at once.

What happens is; the traders who lost the last set of trades now also play these good quality trades because they trade all trades. The other patient traders who have been waiting see that these are good quality trades and they pounce on these trades after sitting out during the quite time. The traders who lost on the other quiet time trades are now fighting just to get back to break even because they wasted their money on the other trades they should not have taken, whilst the traders who waited now clean up and make profit on every winning trade they make, even though the patient traders have traded a heck of a lot less and also been away from the computer and done other things.

As I mentioned above; trades will often come in waves and the job of the trader a lot of the time is to save up their money and keep it well stocked in their account, waiting for the times when they have an overwhelming edge in the market. Instead of doing what most traders do and just taking trades here, there and everywhere and spaying money all over the place, the best traders save their money and wait and watch whilst everyone else takes all kinds of trades and then when they see that they have their edge in the market they pounce.

They make their money , they take their profit and they then wait again for the next time the market produces their edge. Everyone has the same universal instincts when it comes to trading and I discuss this in-depth in my article; The Only Way to Win at Forex is to Swing Against the Tide. One of these instincts is peer pressure and the need to compare against others. We constantly need to look at others and feel we are doing the right thing.

We never want to feel we are the odd one out or that we are different, or that if the crowd is going one way, we are going another. It takes a very rare person to go against this and go against what others are doing, but when someone does it normally brings about great results.

To be a profitable, traders need to stop following the crowds of people and what the majority of people are doing. People like to follow others because it gives them comfort, but the truth is the crowd is not successful and to follow and repeat what the crowd is doing is going to bring about the exactly same results. The simple facts are a lot of traders are not reaching their full potential and some are being held back from becoming profitable because of their trading psychology.

There becomes a point where a trader has an edge in the market and understands the method they are trading with, such as price action trading, but they are not making money so they start looking for other tools and things to help them become profitable.

They start looking at things like the news and economic events or even starting to possibly tinker with how they enter and manage their trades. Before they know it, they are now miles away from where they were. Before, they were on the cusp of making a profit and now they are taking on loss after loss and are ready to scrap the method all together and look for a new one.

This would be a real shame because the trader is so close to being a super profitable trader and by starting a new method they would be about to start the whole long drawn out process of learning a whole new method and until they work out that it is their trading psychology that is holding them back, the long process is going to equate to at best the trader getting to break even and at worst making more losses. The mindset of a trader and how they handle their emotions when making decisions is critical to their success.

Most traders understand this and yet only a rare few will spend time to study it and work at making sure they have a proficient mindset. It is those rare few spend time getting their mindset better equipped to thinking in probabilities and making better decisions that will reap the vast rewards. Obviously there are many steps to becoming a successful trader and there are many different aspects that traders have to work on to become successful long-term profitable traders, however, these five steps are super important for traders on their path to becoming both confident and profitable.

Leave comments and questions in section below;. Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world. Hi Johnathon, is that any possible that trading by using pin bar being "hacked" by big player by manipulating the market in order to hit our stop loss point just below the pin bar?

Hi Kok, I would suggest to you that you need to check whether your broker using New York close 5 day charts. this is just my opinion. Very enlightening article johno. Keep it up, it really shows you are a very experienced and resourceful coach. One of the best article ever written on trading the market that one hardly come across.

Two common questions I get asked are; what does my daily routine consist of and do I sit at the computer screen all day long. To give you guys an insight into what a typical trading day really looks like and answer these questions and am going to give you a run through my routine. Right at the this point of the year it is the earliest I have to wake up to make the New York close for the daily candle close. A major part of my trading is made up of trading the daily charts and this involves trading the New York close daily candles.

The closing time for these for me at the moment is I live in Australia and travel each week in between South Australia and Victoria which has a difference in time zones of half an hour. Because of daylight savings setting around the world the New York close settings change throughout the year, so whilst at the moment I have to get up for the close at at one point in the year the New York close gets out to as late as I like to be fully charged before going into my office and going to my charts.

Some people just do not give their trading the respect it deserves. They treat it is as though it is all a bit of a joke or as if it is all just going to happen for them and, then wonder why it is not coming together.

I try not to leave anything to chance. I make sure I am fully awake and alert before switching any computers on. I am already on my computers and checking my charts by at least. I need to be because if I spot a setup that I want to play on the daily charts I will need to be able to work out the orders and have them ready to go by the time comes around the market closes.

As soon as the market closes I can then place the entry orders. If the market, then shoots of I will have my entry orders placed in the market. After I have placed any trades, there is still a lot to do. First, I must as a priority place stop orders and first targets on the trades I have placed.

Then, I go through the market taking notes. I keep these notes on my computer in a diary and they are like my own running market commentary. They type of notes that I am writing down are thing such as;.

I only have two support and resistance levels on each of my charts as explained in my tutorial that the link can be found below. After marking my kills and flips, I also mark my general support and resistance levels. At each New York close most of these support and resistance levels are still valid. I do not need to go through each chart and change each level, I just need to reassess and see what levels price has held and which levels price has burst through.

At the New York close I go through each chart and I assess if price has held a level or if price had moved through one of my levels. If price has moved through a level I will delete it and put a new one up or look for a new kill, flip or support or resistance level.

If you are not sure how to mark price flips or kill zones please read here: HERE. You can read how to mark support and resistance correctly HERE. This is when I normally jump in the members Forum and reply to members who normally have questions.

This is the time in the morning when the Asian session is roaring. During the Asian session it is very rare that I will watch my charts and I highly encourage others to do the same. The Asian session is very slow and boring and for the trading I do on the higher time frames it is not what I need.

This is not the Asian session and so I prefer to do other things during the Asian session and this is my down time and it is rare that I will do any trading or even watch my charts during this time. This is when I pick my son up from school and now this is mine and his time.

From until after dinner I spend this time with him having dinner and going through the night routine and also having some fun. I will then get him ready for bed and by the time comes around we have had out dinner and I am ready to flick the charts back on and see what is happening with the open of the UK session. The open of the UK session is when the market starts to heat up and the volatility begins to spike after the quieter period of the Asian session.

The UK are the biggest Forex traders in the world and move through the biggest amounts of money through the markets every day and this creates the large volatility that I need to make my trades.

The first 4hr candle I am looking at for price action setups closes at The UK market has been trading for 2hrs by the time this 4hr price action candle closes. I am going through my charts and looking mainly for if price has moved into my key levels or kill zones. If price has moved into these zones it is, then that I will check for price action setups.

I will check for price action setups first on the 4hr time frame, the 8hr time frame and possibly on the 12hr and depending on what the level and setup smaller time frames such as 1hr and 2hr charts. This is the optimum time for price action traders. This is when the UK and US markets are overlapping and the two biggest Forex countries are both open for trade and are trading. To put it basically; The big guys are awake and the Forex market is rocking!

This is the best time to be trading because the big guys are pushing their money in the market which makes the market move and the market moving is what we need to make money. If the market does not move, then we cannot make money. This is when I will firstly check any trades I am in and adjust any stops and or targets.

I will move any trades to break even accordingly to what my plan says to do and then set about hunting for new setups. I will then run through the same routine as the routine to look for price action setups. I will move through my charts one by one and looking to see if price has moved to any of my key levels of kill zones. If price has moved through a support or resistance level, then I will remark that level with a new support or resistance level.

If price has moved into a key level or a kill zone it is, then I will begin the hunt for a price action setup. This routine is something I have been using for many years. Because of this I make sure I am refreshed and ready to trade when the UK and US markets are open and have my down time when the market has its quite time during the Asian session.

Early on in my career I did not have a routine and just tried to go with the flow and I was quick to find out that this it is simply not sustainable.

Having a set routine keeps everything in check and flowing like a well-oiled machine. It now takes me literally 30 minutes to 1hr each day to carry out my trading at the most. I am not sitting at a computer and staring at charts all day long and wasting my life in front of a computer screen.

I like most people came to Forex for two main reasons and that was for money and the lifestyle and I think people quickly lose sight of this and fall into the trap of thinking they need to sit and stare and charts all day long and to be honest they do it for no reason! Spending more time in front of charts is not making then any more money. I really hope you have enjoyed this insight into how I go about my trading day and hope it can inspire you in your trading.

I also hope it can show you that you do not have to sit at your computer screen all day to make money trading. There is simply no need to sit at your computer staring at your screen all day long. The best traders stalk their trades and then they either pull the trigger or they walk away, they do not sit and stare all day getting headaches! If you want to learn more about how I trade and how I can help you become a better and more confident and trader, check out the Price Action Trading Guide Here.

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world. What would be your advise to someone living in the UK and working full-time I await your response. first of all. your information is very usefull and obviously very beneficial for us. due to your article many peoples increasing knowledge. keep it up God bless you. Regarads, julie jakeline.

you can use a VPS like you would an EA or indicator. You can find the lessons we have on trade and risk management by using the search below each page.

The reason I say that is because it depends on the strategy you are using to find your trades. If using a breakout and quick retest strategy, then it can happen very quickly and if you miss it, you miss it.

Many thanks. I think price alerts work when connected to internet. Or is there a way around it? And again, pls sir do not forget my earlier request asking you for a step by step guide on trade management. Pls help me with it. Many thanks again. Great stuff about your daily routine. I have a question though: From your experience, how long does price take to form a signal in lower timeframe like the H1 after it had pulled back to value in the daily chart?

I ask this because I noticed that you check your charts only twice a day for possible trade setups in lower timeframe. Yes you can use price action to trade other markets and bitcoins. Like this blog. Thank you so much for your valuable suggestions. It gives us more confidence. will wait for Next Post. thank you for this useful information but please hold my hand am a beginner who would like to join classes and understand trading as business as well. Just to clarify. which is when the UK and the US sessions overlap.

what if you see a setup during the UK session? do you enter?

Etc, etc. There is a lot more to trading than just finding a candlestick pattern on a chart and as this article is about to go through; if you can start to learn to do these five steps well, your trading will reap the benefits. The best traders stalk their trades and then they either pull the trigger or they walk away, they do not sit and stare all day getting headaches! Examples of these are the pin bar and engulfing bar. Load More.

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