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Business / Forex Price Action Indicator by instaforexngr(m): 12:47pm On Aug 26, 2014
Most forex traders find it difficult to setup a good technical analysis. A good number of traders don't understand the basic components of a price action, they cannot read the key information off the chart and hence they keep relying on ready made trading strategies without knowing the fundamentals.

This group of traders finds forex trading very difficult and grow tired of the market after a couple of losing trades. Being incapable to achieve success in their adventure in the market, they end up believing that making money from forex is an illusion. They fail to understand the concept forex price action.

The kernel of any accurate forex strategy or technical analysis is a good knowledge of price action. The main aim is to read the key price information from the chart. Price action applies to all kinds of trading strategies including day, swing and position trading strategies.

Price action is the process of using the price chart itself (or candlesticks), without any indicators, to assist in trading decisions. Price action allows traders understand important zones of supports and resistances, trends identification, good entry and exit signals. It applies to all currency charts and time frames, but larger time frames like daily or 4 hour chart bring more accuracy over lower time frames.

With an accurate understanding of how price action works, a trader can design any strategy that would suit his trading style and psychology.

Getting familiar with price action trading could be challenging for beginner traders especially those who do not have a proper understanding of daily technical analysis. This setback has been resolved by the Price Action indicator. The price action indicator is a simple custom indicator that was designed to assist traders with forex Price Action

With the Price Action indicator, traders can benefit the following:

Eliminate the difficulty in reading price off the chart

Find important support and resistance levels

Design simple and profitable strategies,

Make up to 80 pips daily,

Get good entry and exit signals with up to 90% accuracy.

Price Action indicator


By forextrading23.com
InstaForex Nigeria Official Introducing Broker

Find more interesting and educative Forex articles on our website.

Politics / Re: Nigerian Who May Become First Black British PM by instaforexngr(m): 7:00pm On Aug 21, 2014
I pray he wins in Jesus name
UK visa already in the pocket

1 Like

Religion / Which Nigerian TV Stations Shows Chris Okotie's Apokalupsis by instaforexngr(m): 6:51pm On Aug 17, 2014
Hello everyone.

Pls does anyone knows which Nigerian/Lagos TV channel shows
Chris Okotie's Apokalupsis programme.

I listen to it on Radio on Raypower Lagos every sunday morning
but i believe it also airs on TV

I would greatly appreciate useful responses.

Thanks
Business / Re: Today Is A Profitable Day In Forex See Signals by instaforexngr(m): 6:07pm On Aug 15, 2014
ok. following
Business / Re: The Best Forex Broker For Scalpers/news Traders?!! by instaforexngr(m): 4:06pm On Aug 10, 2014
try instaforex.com for scalping
Business / Re: Standardgoldng E-currency Exchanger: Nairaland Customer Service. by instaforexngr(m): 9:52pm On Aug 08, 2014
Today, I sold $318 Wm to standard gold.
I received bank alert within 30 minutes.
Good exchange rate and fast service.
Standardgold is my highly recommended e-currency exchanger.
Business / Re: Fxopen - One Of The Most Popular FX Brokers - Now In Nigeria by instaforexngr(m): 3:24pm On Aug 08, 2014
bosun11: ....is it possible to invest $500 and earn over $20000 after over 12 months....just asking and a bit curious.........................................#only serious minded individuals should reply this post please
Its possible to get such a return from the forex market.
But for me, such a return would be too risky to trade with a deposit balance of $500
Business / Re: Standardgoldng E-currency Exchanger: Nairaland Customer Service. by instaforexngr(m): 7:28am On Aug 08, 2014
goldng:

Payment has been sent. please confirm. Thank you.

great service. I sold $436 yesterday to sgn and received my Naira payment
almost immediately.
thanks.
Business / Re: Fxopen - One Of The Most Popular FX Brokers - Now In Nigeria by instaforexngr(m): 7:24am On Aug 08, 2014
instaforex also in Nigeria
forextrading23.com
Business / Re: Standardgoldng E-currency Exchanger: Nairaland Customer Service. by instaforexngr(m): 12:16pm On Aug 07, 2014
Good morning SGN,
I want to sell 400 WMZ.
how much are you buying from me and how soon
would i receive funds to my account once i transfer
to you
Business / Re: How Can I Fund My Perfect Money Ecurrency Account? by instaforexngr(m): 7:35pm On Aug 06, 2014
try sowget.com
very reliable
watch this tutorial on to fund your PM instantly

https://www.youtube.com/watch?v=w4IdpIYbesI&t=72s
Adverts / Fund Your account by instaforexngr(m): 3:53pm On Aug 06, 2014
WE are here
Adverts / Re: Buy & Sell Exchange Bitcoin|Perfect Money |Neteller |Skrill |Payoneer -TopUpGold by instaforexngr(m): 11:46am On Aug 06, 2014
i have alot of WM to sell to you but i do not trust some of these exchangers as i have suffered alot in their hands.
Do you have an office in Lagos where we can meet physically to complete the transaction?
Business / Re: Free: Forex Robot Made 13842.93% better than Investor Password Available. by instaforexngr(m): 11:42am On Aug 06, 2014
why don't you show us the past trading history of your robot so we know you are really serious
about its profitability
Business / Re: The Pretty Girl Seeking A Rich Husband & The Reply She Got From A Banker. by instaforexngr(m): 11:38am On Aug 06, 2014
My wife is prettier than her sef
Business / Re: I Need Advice On Where To Invest 200000 Naira by instaforexngr(m): 5:21am On Aug 05, 2014
Though forex is a risky business, if you have a good and experienced trader who make consistent returns monthly,
i would suggest you invest your funds in the forex market.
Health / Re: Nigerian Doctor Who Treated Victim Infected With Ebola by instaforexngr(m): 4:58pm On Aug 04, 2014
It is as i feared.
Now its confirmed Ebola is in Nigeria
Business / Re: Free Daily Forex Signals From Servicefxng by instaforexngr(m): 12:29pm On Aug 04, 2014
ok.
am interested.
may the pips be with us
Health / Re: Ebola Virus Scare in Ogun State by instaforexngr(m): 11:28am On Aug 04, 2014
The Ebola virus scare is getting alarming these days
Business / Re: Free Accurate Forex Signals by instaforexngr(m): 2:39pm On Jan 09, 2014
you are really doing a great work sir..i have been monitoring your signal and you seem to be an actual genuine trader with great analysis

your strategy is really similar to mine as i get my entries at market open as well..i had entries on buy GBPUSD and sell AUDUSD

i just had my take profit for GBPUSD(40pips tp and 20sl) but my AUDUSD is still floating in profit of 17pips

i also took your trade on buy EURAUD and surprisingly your take profit just got hit(95 pips)...Kudos to you sir

is there a way i could learn from you? how you analyse to get your signals? I have read your article on how you analyse using daily charts with price action to pin point your entries but i would really like us to discuss and expound on how you really do it..

God bless you and may you continue to excel
Business / Re: What Have You Achieved Ever Since You've Been Trading Forex? by instaforexngr(m): 10:35pm On Jan 06, 2014
forex traders in the house,
the ball is now in your court?

2 Likes

Business / Re: Free Accurate Forex Signals by instaforexngr(m): 10:25pm On Jan 06, 2014
wizeboy11: Please anybody here knw if i can withdraw from instaforex that is not verified
yes you can withdraw your funds from an Instaforex account that is not yet verified.
http://forextrading23.com/withdraw-from-instaforex-account/
Adverts / Re: Free Forex Seminar by instaforexngr(m): 2:03pm On Jan 06, 2014
gud morning
Adverts / Re: Free Forex Seminar by instaforexngr(m): 2:56pm On Jan 02, 2014
free forex seminar
Adverts / Re: Free Forex Seminar by instaforexngr(m): 9:22am On Jan 01, 2014
gud morning
Business / Re: Forex Trading - Season 14 by instaforexngr(m): 1:28am On Jan 01, 2014
Happy new year to all forex traders.
May the positive pips and profits rain upon us this new year, amen
Business / Re: Does Anyone Know About Forex Pamm System by instaforexngr(m): 1:25am On Jan 01, 2014
Sir, since you are interested in knowing more about Instaforex PAMM system, i would suggest you read through their FAQs on the website.
https://www.instaforex.com/faq.php#pamm
Adverts / Re: Dstv Decoder With Free To Air Channels 4life by instaforexngr(m): 1:20am On Jan 01, 2014
how much is it
is the one for gotv available
Adverts / Re: Free Forex Seminar by instaforexngr(m): 1:19am On Jan 01, 2014
happy new year everyone

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