Newly launched charting capabilities on the Metatrader 4 for forex price action trading. Traders who use line break, renko, kagi, point and figure charts will be able to take advantage of this mt4 software bundle for technical analysis and trade entry and exit automation.

1. Forex Price Action Trading on
Metatrader 4 Platform

2. • Forex price action trading is an approach where
important trading decisions has to be made from a
stripped down currency chart.
• In this approach, there is no lagging indicator other
than application of trendline studies of support and
resistance levels which can assist in identifying dynamic
trends , resistance and support zones. It's also in the
price charts where traders will have to forecast and
make clever predictions of how the market is headed in
the next few days.

3. • Forex price action trading shows the variables
affecting the markets at a given period, using
price indicators such as stochastics, RSI and
MACD may not be of any benefit. Reading price
movements enables the trader to calculate and
make high probability winning trades.
• Generally, this step is what formulates the price
action strategies and they offer an approach to
how traders make forex trades daily in and out of
the market.

4. Using Forex Price Action Trading to
Determine the Market Trend

5. • One of the most crucial aspects when learning to trade
forex is learning about trending and consolidating
markets. Trend trading is pretty common and offers the
best strategy for beginning forex traders to learn to
trade. It's one of the basics where traders learn how
market moves.
• There are two types of trends in forex trading: Uptrend
and downtrend. The markets are said to be in uptrend
when higher lows and higher highs are made and in a
lower trend when lower lows and lower highs are
experienced.

6. When the Forex Trading Market Does
not have a Trend

7. • When there isn't an underlying trend in the forex trading
market, the market is said to be consolidating. This is
characterized by the absence of high highs, high lows, low
lows and low highs.
• No matter how hard you check, you will not discover any of
suchpattern. The reasons for the existence of consolidating
price action are bouncing between resistance level and
horizontal support.
• Market consolidation will see the market trading between
support and resistance levels, bouncing off these levels
without any sign of a clear trend direction.

8. Profiting With Price Action Strategies

9. • Forex traders can profit if they learn to make use of price
action analysis to predict market trends. It all boils down to
knowing what's happening in the market according to the
prevailing trend or non trending environment.
• The patterns you will see in the price chart are a reflection
of the market's reaction to what's happening in the real
world. Market trends are recurrent and will tend to repeat
itself after certain period of time.
• By learning the behavior of technical price patterns, you
can learn where the trend will be heading next thus making
profitable investment trades.

10. • Newly release forex price action charts on the
Metatrader 4 platform allows price action
traders to benefit from fully automated forex
trading. Mt4 traders will also gain access to
many price action charts such as line
break, renko, kagi, point and figure charting
capability in their own Mt4.

11. • Head on to this url for more information:
• http://www.ForexChartistry.com

12. • To make full use of forex price action strategies, avoid
relying on expert opinions, indicators and taking off
anything other than the price bars or candlesticks indicated
in the charts.
• The data and price movements displayed on the price
charts convey what's happening in the market in the most
actual and dynamic manner.
• It is the skill of the forex trader using his experience of price
action analysis to make clear of the future market direction
so that he can increase his overall winning trades.

13. • This newly launched ForexChartistry package
will allow price action traders to trade on full
automation. For more information, click on
this link now forex price action trading