Forex Price Action System For The Daily Timeframe By Rahul Gupta

This Forex Price Action System has been developed for trading on the daily timeframe. Rahul Gupta is the developer of this Forex Price Action System (FPA). Price action is the best indicator in the arsenal of a trader. Most indicators are lagging meaning they tell you about a trend change only when it has happened. There are very few leading indicators. Price action is considered to the best leading indicator. That’s why many traders love to trade naked. With this simple Price Action System, you will be opening a single trade daily. At the close of each daily candle, you will use the rules of this system to decide whether you want to open a trade or not. When there is a trade setup, you just enter  a pending order and that’s it. Next day, you will check for the new signal plus see what happened to your yesterday’s trade. It is as simple as that. Take a look at the following screenshot.

Forex Price Action System

As you can see from the above screenshot, this price action based system made 390 pips in just 3 trades. Now take a look at some more trading examples using this price action system.

Forex Price Action System

Forex Price Action System

Forex Price Action System

The beauty of this system lies in the fact that you don’t need to monitor the charts all day. Just open the chart at the end of day, check for the signal and place the pending order. You can first test this Forex Price Action System on your demo account. Make at least 20-30 trades on the demo account and check yourself how effective this Forex Price Action System is.

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