Jay Petit -Find Great Trading Ideas Through Price Action Confluence and Risk Management (Total size: 111.6 MB Contains: 6 files)

The most powerful combination a Forex trader can use is price action and confluence. That might sound bold, and it is, but for good reason.

You may be thinking I’m a little biased because I’m a price action trader. But I’m here to tell you that confluence is the most powerful tool a trader can use, regardless of how he/she trades.

It’s also one of the more overlooked methods of trading which is why, in my opinion, so many retail Forex traders struggle. In order to appreciate the power of this combination, we need to first define each term.

Price Action: the study of what past price has done in the market, and more importantly, how current price is reacting to it

Confluence: the coming together of two of more “things”. In our case as Forex traders, these things are factors which can influence future price action.

See how that works? We’re studying how current price reacts to past price action, and simultaneously looking for factors which can influence future price action. I’m not going to focus on price action too much in this lesson because I’ve written separate lessons on it and I really want the focus to be on confluence this time around.

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Jay Petit -Find Great Trading Ideas Through Price Action Confluence and Risk Management (Total size: 111.6 MB Contains: 6 files)

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