#price action

A mental model that fundamentally changed how I read candlesticks: think of every candle as a story, not a signal. A candle with a large bullish body and small wicks tells this story: "Buyers were completely in control from open to close. Sellers tried to pus…

This is one of the most debated topics in trading — can pure price action outperform strategies that include indicators, or are indicators genuinely useful additions? The price action camp argues: indicators add lag; they tell you what already happened. Multi…

Weekly price action pattern review — what the charts are telling us: EUR/USD (Daily): Morning star forming at 1.0790 support. If today closes as a strong bullish candle, the pattern is confirmed. Bullish bias next week toward 1.0880. GBP/USD (Daily): Inside…

One of the most important price action risk management decisions is where to place your stop loss. The naive answer: "just beyond the candle." The correct answer is more nuanced. The problem with candle-based stops: If you enter on a pin bar and place your st…

Price action journal — my best trade of the week. Watched GBP/USD for 3 days as it approached the 1.2620 weekly support level. At 3 PM on Thursday, the daily candle printed a clean bullish pin bar — wick down to 1.2598, closed at 1.2655. Textbook pin at weekl…

Price action traders typically settle on 2–3 patterns they trade with high conviction. I'm curious what the JustWolves community finds most reliable. The main candidates: Pin Bar (rejection candle): High probability at clear levels; requires patience for the…

EUR/USD printed an interesting daily candlestick pattern today worth analyzing: The daily candle formed a near-perfect "morning star" pattern over the past three sessions: - Day 1 (Tuesday): Large bearish candle closing at 1.0792 - Day 2 (Wednesday): Small do…

The pin bar (pinocchio bar) is arguably the highest-probability single candlestick reversal signal. Here's how to trade it systematically: What makes a quality pin bar: 1. Long wick (at least 2/3 of total candle length) on the rejection side 2. Small body wit…

Gold printed a textbook bearish engulfing candle on the 4H chart at the $2,400–$2,410 resistance zone today — a classic price action exhaustion signal. The bearish engulfing fully engulfs the prior bullish candle (which attempted a breakout above $2,395) — th…

Price action trading is the practice of making trading decisions based solely on price movement — no indicators, no oscillators, just the raw candlestick data. Why trade price action? 1. Indicators are derived from price. Every indicator (RSI, MACD, Bollinge…

My trade checklist before every entry: 1) HTF trend direction ✓ 2) At a key level ✓ 3) Entry pattern formed ✓ 4) R:R minimum 1:2 ✓ 5) Not within 30 mins of a news event ✓. If any box is unchecked, I skip the trade. Saved me from many bad entries.

USD/JPY CRT setup playing out beautifully. C1 range formed during the Tokyo session, C2 swept the London lows, and C3 is distributing northward into the NY session high. Already +85 pips from the 5M TBS entry at 151.20. Trail SL to breakeven.

Price action traders seem to place stops at specific levels. What is the logic behind stop placement?

I have been studying CRT and saw references to turtle soup patterns. Can someone explain this concept?

How do experienced price action traders time their exact entry? What triggers do they look for?