#forexstrategy

How to Make Money Consistently in Intraday Stocks Trading indicator

Learn to make consistent profits in intraday stock trading. Master key strategies, manage risk wisely, and spot daily opportunities. Build a disciplined approach for steady returns in fast-paced markets. Start growing your income today.

Reading price action is essentially learning to read the "footprints" of the big institutional players. Instead of relying on indicators (which are delayed), price action tells you what is happening right now.

Here is a 5-step framework to read price action like a professional.

Step 1: Identify the Market Structure (The "Big Picture")

Before looking at individual candles, zoom out. You need to know which way the "river" is flowing.

Uptrend: Price makes Higher Highs (HH) and Higher Lows (HL). You should only look for "Buy" setups.

Downtrend: Price makes Lower Highs (LH) and Lower Lows (LL). You should only look for "Sell" setups.

Ranging/Sideways: Price is trapped between two horizontal levels. You trade the "bounce" off the edges or wait for a breakout.

Step 2: Map Your Support & Resistance (The "Battlefield")

These are levels where the price has historically struggled to pass.

Resistance (The Ceiling): A level where sellers consistently enter the market, pushing the price back down.

Support (The Floor): A level where buyers consistently step in, preventing the price from falling further.

The Flip: Note that when a "Ceiling" is broken, it often becomes a new "Floor" (Resistance turns into Support).

Step 3: Analyze Candlestick Storytelling

Each candle tells a story of the battle between Bulls (Buyers) and Bears (Sellers).

The Body: Shows who won the session. A large body means one side completely dominated.

The Wicks (Shadows): These represent rejection.

A long upper wick means the price tried to go higher but was aggressively pushed back down by sellers.

A long lower wick means buyers "saved" the price from a fall.

Step 4: Look for "High Probability" Patterns

Don't trade every candle. Wait for these specific signals at your Support or Resistance levels:

Pin Bar (Hammer/Shooting Star): A small body with a very long wick. It signals a sharp rejection of a price level and a likely reversal.

Engulfing Bar: A candle that completely "swallows" the previous candle. It shows a sudden, powerful shift in momentum.

Inside Bar: A small candle that stays within the range of the previous large candle. It represents a "coiling spring" or consolidation before a big breakout.

Step 5: The "Confluence" Entry

Never trade a pattern in isolation. A signal is only strong when multiple factors align.

Bad Trade: Seeing a "Pin Bar" in the middle of nowhere.

Good Trade: Seeing a Bullish Pin Bar that touches a Major Support Level while in an Overall Uptrend.

Summary Checklist for Every Trade

ElementWhat to checkTrendIs the market trending Up, Down, or Sideways?LevelIs the price currently at a key Support or Resistance zone?SignalIs there a clear candlestick pattern (Pin Bar, Engulfing) at that level?SpaceIs there enough "room" for the price to move before hitting the next major obstacle?

The currency market has been anything but volatile in recent times. The most recent developments, such as the Moody’s downgrade of the United States’ credit rating, have shockwaves tearing through global currencies, and traders have been forced to re-strategize. The U.S. dollar, which was hitherto the banner of stability, is now facing headwinds due to fear of fiscal policies and increasing debt.

In Asia, the Japanese yen was also volatile, led by falling U.S.-Japan bond yield spreads. This action suggests further potential downside for the USD/JPY currency pair in the coming days.

At the same time, the British pound has been holding up, helped by a fresh UK-EU trade deal. This deal has provided a modest boost to sterling, but its lasting economic impact is yet to be seen.

As individual traders, it’s crucial to stay informed and adaptable. Understanding the broader economic landscape helps in making more informed decisions. While we don’t have the resources of large institutions, we can still learn from their approaches and apply those insights to our trading strategies.

That’s why I continue to value the kind of structure and insight I’ve gained from following ORION Wealth Academy. They don’t just teach patterns or strategies in isolation. What stands out is how they tie everything back to market sentiment, macro trends, and risk awareness. It’s that perspective that helps turn uncertainty into potential opportunity.

Gold Copy Trading: Real Trades, Real Gains (May 9~20)

🌟 6 Trades 📉 1 Loss (-4,646 USD) 📈 5 Wins = +17,847.05 USD 📅 From 2025.05.09 to 2025.05.20 💹 Strategy: Buy XAUUSD on rebounds and take quick profits

Outline your motivation.

Decide how much time you can commit to trading.

Define your goals.

Choose a risk-reward ratio.

Decide how much capital you have for trading.

Assess your market knowledge.

Start a trading diary.