Most people over complicate their trading ideas, in my opinion the basic concepts of price and momentum are all that is needed to become profitable in Forex. If you enter a trade and price moves in your direction you stay with the trade, if it doesn’t you exit.
Part of the attraction of this method is its simplicity. I am firm believer that methods with one to two rules are far superior to trading systems that have so many exceptions and filters that either trades are never found and executed or the method is so over optimized it fails.
Another attraction and benefit of this method is that it encourages the trader to make the decisions him/herself rather than waiting for pre-defined targets.
Please take a look at my site www.exacttrading.com for further details of my price action trading methods and sign up for some great information on price and how to trade Forex using just that.
More at www.exacttrading.com In this video I revisit my Big Candle Forex trading strategy and update you with the latest trades on the EURO/GBP. This is a simple Forex trading system easily tradeable but anyone who has access to live charts and can be traded by those who are working.