TRICK & Level Key of Price Action

Level level key meant here is the level of support and resistance, both in the form of a horizontal line, static or dynamic form aluran line moving average. Fibonacci retracement level also includes key level because it shows
support and resistance. As it has never been reviewed on several articles before, trading with price action does not rely on technical indicators are complicated and complex but only on observation of the formation the formation of bar-bar at candlestick could be, fakey (false) the bar and inside the bar (the term in the price action). Supporting indicators are often used to confirm is the exponential moving average (ema), because the moving average shows the level of support/resistance

dynamic. In this article reviewed how the formation of price action formed at key levels will affect significantly to the direction of price movements, so that we can appropriately determine the points
entry. The following examples use the daily time frame, which is highly recommended for use when we are trading with price action.
method of
Price action and levels of support/resistance on trending market conditions



Note the formation of bar formed at level-the level of support and resistance (a horizontal red line) that surely we can use to nenetapkan level entry (after the formation of the bar was formed) and exit level target (line support/resistance).

Price action and levels of support/resistance on ranging market conditions (sideway)



It appears that the formation of the bar formed at the level of support and resistance (inside the bar and pin bar) is quite valid for our entry. It's just for the market that is being
or being
ranging group we should be careful in determining the exit target because we must anticipate if market conditions suddenly turned contrary to our entry positions and turned into strong trending. This is where the importance of the risk/reward ratio in trading

plan. When the support level has been impregnable with the formation of long tailed pin bar, then the next two days the price fell sharply and market conditions become a downtrend. At the time it was formed and the pin bar support level to break down the actual conditions, ranging above is finished and changed into a downtrend. We can sell entry on two the next day.

Price action and ' swing ' point on trending market conditions

When a price movement occurs at the points of the new highest or lowest, and then undergo a correction before returning to the original trend, the lowest price and the highest peak or Valley on the correction is called swing point. Swing point important to note because at those points will be established the levels of support or resistance. Swing point at that point in the Valley when the uptrend forming a new support level, and at the cusp point swing when the downtrend will form a new resistance level.

Look at the price action which occurred near at points swing point for example EUR/USD daily above. Swing point forming the level key (key level) the new support level, and confirmed the validitasnya on the bars in a row as the next resistance, support and resistance again. Price action that occurs is represented by two pin bar formed at the level of the key, and we can analyze its validity after the entry pin the bar correctly. In this case the key level is formed on the swing point becomes the second major factor supporting the bar pin .

Price action and the exponential moving average indicator on trending market conditions

  

An indicator of the exponential moving average (ema) mainly ema8 daily ema21 and daily is often used as a confirmation of the price action that is occurring, especially in a trending market conditions. The moving average formed a level of support or resistance. Look at the examples on the EUR/USD daily above, price action which occurred near ema8 and ema21 in trending market conditions (when an uptrend or downtrend), namely in the form of a pin bar and the bar pretty fakey valid for our entry guidelines.

Price action and event area on the level of support and resistance.
 

Event area yaitu area disekitar level support atau resistance yang tertembus (break) akibat event tertentu yang terjadi pada pergerakan harga pasar. Selanjutnya jika pergerakan harga tetap mengacu pada level support atau resistance tersebut, maka event area pada level itu akan sangat signifikan, dan price action yang terbentuk disekitarnya sangat penting untuk dicermati.
Pada contoh XAU/USD (spot gold) diatas, event area disekitar level 1,700.00 adalah sangat signifikan dimana price action yang terjadi dengan terbentuknya beberapa pin bar yang cukup valid untuk patokan entry.
Dari contoh-contoh diatas bisa disimpulkan bahwa price action yang terjadi pada suatu kondisi pasar dengan level-level kuncinya sebagai faktor pendukung utama, baik itu level support / resistance statis (garis horisontal) atau dinamis (exponential moving average), swing point ataupun event area, akan bisa menjadi pedoman yang cukup valid untuk entry market.