Price Action Trading is simply looking at how prices change on the chart.
Price is the key to all movements in the markets and being able to read “Raw Price” will give us the edge we need to profit in the markets.
With Price Action Trading strategy, I committed myself to keep my charts as clean as possible. The only thing I place on my candlestick charts are a few Support and Resistance lines. The past history and the Price Action signal on candlestick chart should have all the information that we need to identify trading opportunities. This past history includes previous swing highs and swing lows, and support and resistance levels.
Generally, I don’t use any indicators for trading. I used to trade with indicators such as moving averages, MACD etc in the past. However, my experience told me black box systems and lagging indicators simply do not work!
Now, I gave up all the indicators on my charts and just use “Raw” Price Action Trading.
Price Action patterns tends to repeat themselves again and again over time.
The main task of price action traders is to recognise and spot these Price Action patterns on the chart, creating a ‘setup’ which results in a signal to buy (long) or sell (short).
Keeping everything simple doesn’t mean easy. It takes continual practice and commitment to perfecting the skills in order to become a professional price action trader.
If You Are Interested to know more about How To Trade Successfully with Price Action Trading Strategy. Please visit my website.
http://forextosuccess.com
2. Price Action Trading
Price Action Trading is simply looking at how prices
change on the chart.
Price is the key to all movements in the markets and
being able to read “Raw Price” will give us the edge we
need to profit in the markets.
3. Price Action Trading
With Price Action Trading strategy, I committed myself to
keep my charts as CLEAN as possible. The only thing I
place on my candlestick charts are a few Support and
Resistance lines. The past history and the Price Action
signal on candlestick chart should have all the information
that we need to identify trading opportunities. This past
history includes previous swing highs and swing lows, and
support and resistance levels.
5. Price Action Trading
Generally, I don’t use any indicators for trading. I used to
trade with indicators such as moving averages, MACD etc
in the past. However, my experience told me black box
systems and lagging Indicators simply DO NOT WORK!
Now, I gave up all the indicators on my charts and just use
“Raw” Price Action Trading.
6. Price Action Trading
Price Action patterns tends to repeat themselves again
and again over time.
The main task of price action traders is to recognise
and spot these Price Action patterns on the chart,
creating a ‘setup’ which results in a signal to buy (long)
or sell (short).
7. Price Action Trading
“Everything should be made as simple as possible, and
no simpler.” – Albert Einstein
Keeping everything simple doesn’t mean it's easy. It
takes continual practice and commitment to perfecting
the skills in order to become a Professional Price
Action Trader.
8. Thanks for your time reading this
presentation. I hope you enjoy it!
If You Are Interested to know more about
How To Trade Successfully with Price Action
Trading Strategy.
Please Visit my Website below.
