Trading Pure Price Action in Forex

"Trading well means making decisions against every instinct in your mind. That's why traders have such a hard time making money." Derek, the full-time currency trader I spoke with for this interview, became enormously successful because he's learned to trade simple price action. In this discussion, we talk about how Derek uses specific pip charts but also why timeframes don't matter much when it comes to watching charts. He explains how he views trading like art and how his strategy is entirely based on identifying the flow of the currency pairs he is trading. We discuss the simple chart patterns he looks for and the two things he always checks before entering every trade. Derek explains his "hunting and gathering" steps he goes through each day and why he feels so strongly that the only indicator that doesn't lag is price.

35 minutes in length, this insightful interview will be delivered as an MP3 file and printable transcript.