Copyright 2014 © www.swing-trading-strategies.com
Page 1
,TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION (Page 4)
CHAPTER 2: WHAT IS PRICE ACTION? (Page 6)
CHAPTER 3: MASS PSYCHOLOGY IN TRADING (Page 15)
CHAPTER 4: PRICE CHART (Page 18)
CHAPTER 5: TRENDS (Page 32)
CHAPTER 6: REVERSALS AND CONTINUATION (Page 37)
CHAPTER 7: UNDERSTANDING MARKET SWINGS (Page 40)
CHAPTER 8: HOW TO TRADE SUPPORT AND RESISTANCE LEVELS (Page 44)
CHAPTER 9: HOW TO TRADE CHANNELS (Page 49)
CHAPTER 10: NINE (9) CHART PATTERNS EVERY TRADER NEEDS TO KNOW (Page 52)
CHAPTER 11: NINE (9) CANDLESTICK PATTERNS EVERY TRADER NEEDS TO KNOW (Page 81)
CHAPTER 12: HOW TO TRADE FIBONACCI WITH PRICE ACTION (Page 93)
CHAPTER 13: HOW TO TRADE TRENDLINES WITH PRICE ACTION (Page 98)
CHAPTER14: HOW TO TRADE MOVING AVERAGES WITH PRICE ACTION (Page 103)
CHAPTER 15: HOW TO TRADE CONFLUENCE WITH PRICE ACTION ( Page 110)
CHAPTER 16: WHY YOU SHOULD USE MULTI-TIMEFRAME ANALYSIS (Page 116)
CHAPTER 17: TRADE THE OBVIOUS (Page 124)
CHAPTER 18: CLOSING REMARKS (Page 127)
Page 1
,Disclaimer
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high
degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should
carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you
could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you
cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek
advice from an independent financial advisor if you have any doubts.
Opinions
Any opinions, news, research, analyses, prices or other information contained on this ebook is provided as general
market commentary and does not constitute investment advice. www.swing-trading-strategies.com will not accept
liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or
indirectly from use of or reliance on such information.
Accuracy of Information
The content on this ebook is subject to change at any time without notice, and is provided for the sole purpose of
assisting traders to make independent investment decisions. www.swing-trading-strategies.com has taken
reasonable measures to ensure the accuracy of the information on the ebook; however, it does not guarantee
accuracy and will not accept liability for any loss or damage which may arise directly or indirectly from the content
of this ebook.
Page 3
, CHAPTER 1: INTRODUCTION
To really understand price action means you need to study what happened in the
past. Then observe what is happening in the present and then predict where the
market will go next.
“Regardless of what you may think, all traders are forecasters, just like the
weatherman.”
The weatherman knows where the wind is blowing from, sees the high and low
pressure systems forming over the land, knows the temperature variation, cold
front, hot front…you know what I’m talking about, right? Then what does he do?
He will say something like “tomorrow, the weather in Edinburg will be mostly
cloudy, slight chance of shower and possibly sunny in the afternoon.”
How does he know that?
Copyright 2014 © www.swing-trading-strategies.com
Page 4
Page 1
,TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION (Page 4)
CHAPTER 2: WHAT IS PRICE ACTION? (Page 6)
CHAPTER 3: MASS PSYCHOLOGY IN TRADING (Page 15)
CHAPTER 4: PRICE CHART (Page 18)
CHAPTER 5: TRENDS (Page 32)
CHAPTER 6: REVERSALS AND CONTINUATION (Page 37)
CHAPTER 7: UNDERSTANDING MARKET SWINGS (Page 40)
CHAPTER 8: HOW TO TRADE SUPPORT AND RESISTANCE LEVELS (Page 44)
CHAPTER 9: HOW TO TRADE CHANNELS (Page 49)
CHAPTER 10: NINE (9) CHART PATTERNS EVERY TRADER NEEDS TO KNOW (Page 52)
CHAPTER 11: NINE (9) CANDLESTICK PATTERNS EVERY TRADER NEEDS TO KNOW (Page 81)
CHAPTER 12: HOW TO TRADE FIBONACCI WITH PRICE ACTION (Page 93)
CHAPTER 13: HOW TO TRADE TRENDLINES WITH PRICE ACTION (Page 98)
CHAPTER14: HOW TO TRADE MOVING AVERAGES WITH PRICE ACTION (Page 103)
CHAPTER 15: HOW TO TRADE CONFLUENCE WITH PRICE ACTION ( Page 110)
CHAPTER 16: WHY YOU SHOULD USE MULTI-TIMEFRAME ANALYSIS (Page 116)
CHAPTER 17: TRADE THE OBVIOUS (Page 124)
CHAPTER 18: CLOSING REMARKS (Page 127)
Page 1
,Disclaimer
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high
degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should
carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you
could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you
cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek
advice from an independent financial advisor if you have any doubts.
Opinions
Any opinions, news, research, analyses, prices or other information contained on this ebook is provided as general
market commentary and does not constitute investment advice. www.swing-trading-strategies.com will not accept
liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or
indirectly from use of or reliance on such information.
Accuracy of Information
The content on this ebook is subject to change at any time without notice, and is provided for the sole purpose of
assisting traders to make independent investment decisions. www.swing-trading-strategies.com has taken
reasonable measures to ensure the accuracy of the information on the ebook; however, it does not guarantee
accuracy and will not accept liability for any loss or damage which may arise directly or indirectly from the content
of this ebook.
Page 3
, CHAPTER 1: INTRODUCTION
To really understand price action means you need to study what happened in the
past. Then observe what is happening in the present and then predict where the
market will go next.
“Regardless of what you may think, all traders are forecasters, just like the
weatherman.”
The weatherman knows where the wind is blowing from, sees the high and low
pressure systems forming over the land, knows the temperature variation, cold
front, hot front…you know what I’m talking about, right? Then what does he do?
He will say something like “tomorrow, the weather in Edinburg will be mostly
cloudy, slight chance of shower and possibly sunny in the afternoon.”
How does he know that?
Copyright 2014 © www.swing-trading-strategies.com
Page 4
