All rights reserved worldwide. The content of this publication is copyrighted By Creative Commons Attribution 4.0 International License. Mudassir Siraj 2018 Although the contents cannot be changed or altered in any way, nor used in any manner not conferred by these stated rights without express written consent from the author. Rights Explanation: You are welcome to distribute this file, but you CANNOT EDIT IT IN ANY WAY. You may give this eBook away As long as the content and links Remain in their original unaltered state. No other rights are conveyed to distributor or end user. Thank you for your Purchase I AM Sure this guide will Change the way you Trade. P age | 1 LEGAL STATEMENTS General Terms of Use THE INFORMATION PROVIDED IN THIS DOCUMENT IS FOR EDUCATIONAL PURPOSES ONLY. IT IS PROVIDED AS GENERAL MARKET COMMENTARY, AND DOES NOT CONSTITUTE INVESTMENT ADVICE. 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NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. P age | 2 Welcome to the Price Action Trading Strategy. I will show you a price action trading strategy that will change the way you trade now the core of the strategy relies on the concept of momentum loss shown through candle sizes and shapes which is a very powerful price action technique. This strategy is aimed at simplicity as well as high probability trades. I have been in the FOREX market for almost Six years. I learned very early that Forex trading is not for the shaky ones. One must have a tested and definite trading strategy as well as well- organized discipline to follow the strategy and execute the plan as to the letter. One must be exact and precise. Therefore I paper traded for almost two years and read everything I could lay my hands on. I bought books and courses. I attend a 5 day live web seminar. All this did not help me at all as it did not fit my style of personality and I just did not seem to connect with all this different strategies. Over two years of watching the graphs with different indicators, moving averages etc. I started to get a feeling for the movement and motion of the market especially the Euro dollar around certain moving averages. It wasn’t till late last year that I discover that Price Action gives easy to read signals on a regular basis on a Daily timeframe. I like the daily timeframe as one are not glued to the screen full time. There P age | 3 are times when some signals does not produce positive results. I then had to work on a filter system to only let me take the best ones. I found that the “HEIKEN ASHI” in a certain way produces 95% accuracy. I will show you later how the high probability trades look like but here we will be focus on Price Action Strategy if your Beginner then uses Heiken Ashi for better result. Let’s get started. STEP 1: IDENTIFY A KEY LEVLE Here we have the Euro Dollar so we always want to identify key levels first and as you can see We have a level of support here where a price hit and reverse P age | 4 from and now we are back here again now here's a very key point you need to know in order to spot high probability reversal trades we want to see candles getting smaller and smaller as they approach a level of support or resistance because it shows that price is losing momentum very key point you want price to be losing momentum and slowing down as it approaches key levels now as price approaches this level of support look at how the candles behave as you can see we have a big candle followed by a smaller candle followed by an even smaller candle another smaller candle and then a smaller long wick candle rejecting support and then finally an even smaller green candle that is also a doji and also an inside bar which is a reversal candle and this results in a bounce upwards so I'll show you this again on another pair P age | 5 This is a key level of support as you can see from when price got here last it hit and reversed upwards so as price approaches this level again we have a big candle than a smaller candle an even smaller candle which is also rejecting support and then we have this beautiful green long wick candle rejecting support and then followed by P age | 6 another great inside bar candle rejecting support as well and as you can see price bounced to upwards which would have presented a great trade opportunity through the intraday timeframes. so when approaching support what these smaller and smaller candles show is that the sellers and people shorting the market are losing steam meaning some sellers might be taking profit as they notice this level of support which causes these smaller candles so let's jump to another example here's another example P age | 7 As you can see we have a double top here before price tanked down making this a key level of resistance now as price approaches this level of resistance again look at how the candles start acting we have a big candle followed by a smaller candle followed by P age | 8 a smaller red hanging candle another hanging candle and then a candle where the wick is rejecting this level of resistance before dropping down which was another great trade opportunity here's chart We have three rejections of this level before it reversed downwards which makes this a key level of resistance as price approaches this level again P age | 9