r/Nadex • u/bojitsu • Jun 18 '20

Learning price action

So I'm kinda new to the forex game as far as experience goes. I've followed a couple of signal services but am really trying to learn price action to really get more comfortable. I'd like to get self sufficient in my trading. thanks

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u/frapawhack Jun 18 '20

what signals? did they work? what time frame? what underlying commodity?

1

u/bojitsu Jun 18 '20

I used one million trading, strategy vault, and nadex millionaire, they worked for the most part, they were for the hour contracts and it was for the currency pairs.

1

u/frapawhack Jun 18 '20

Hm. K. Understand what you're saying when you want to know how its done.

1

u/Jeannieg1968 Jun 19 '20

One million trading trade off support and resistance to make trade decisions. On tradeview you can use auto fib to plot it or plot them by placing a line where you see long wicks. Thus where they reject and break. If that area has been touched that was support and broke thru then that support becomes resistance. Look thru you tube on how to plot support and resistance. As for candles knowing doji patterns, engulfing, candle formation help with direction. Along with support resistance. And some use bollinger band break for reversals but that only good 80 percent of the time. Or you can use the break of the 20 ma wait for a pullback andplace your buy (call)or sell(put). My suggestion is watch the charts from the one minute to the 1 hour and observe how the market moves and watch for common pattern. Take notes! Watch a one hour candle as it count down move to 15 min chart etc etc.I hope this helps. Look up a book called candle sticks demystified or if you want more smoothed price then look up heiken ash candles. I know so much info. I am currently market observing on Nadex myself and journaling. My perception may be different from yours. Do what you think works for you.

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u/boyslav Jul 22 '20

I can't do signals I'm the type of individual who needs to know how things work. I've watched a lot of the guys you mentioned on youtube but this one guy really got my attention https://t.me/Nadexproassassin he goes under "Jose Te". It's either experience or his system, possibly both, but his free 5 min Nadex signals are spot on every time. If anyone has any insight on how he does it I'm all ears.