In this post I will be reviewing the Price Action 5 manual forex trading strategy. This is a forex trading eBook that explains to you in easy to understand details a forex trading strategy that you can implement into your own existing trading system as an additional technical analysis or you can choose to use it stand-alone. It is suitable for any level of trader and is very easy to learn.
Price Action 5 Trading Strategy
The forex strategy outlined within the Price Action 5 eBook is flexible and can be used on any currency pair and time frame. As the guide mentions and is something I can understand is that higher time frames can filter out noise from the lower time frames. I find it easier to spot trends and general currency pair direction when looking at the bigger picture.
The Price Action 5 Trading Strategy does not tell you when to buy and when to sell nor does it provide you with lots of fancy trading indicators to over load your platform with. What it does do however is give you something that is easy to understand and implement into your trading.
In a nutshell, there are 5 rules provided in this manual forex trading guide which when followed and when they all agree can give trading signals.
Price Action 5 Trading Strategy Summary
Overall, the Price Action 5 Trading Strategy covers some good ideas and manual trading principles that could be incorporated into the day to day trading of manual forex traders. Some traders will not like the fact there are no custom indicators made for the MetaTrader 4 trading platform that would make it easier to trade and see the signals.