For some month now, i have been following price action base on post i see on forum on face book, posted by ahize chris, i thought working with pivot point was the best i will ever know. i did more research and realize that the market has memory, at time short memory when applying price action on 1hr chart and those level where we notice market reversal or price action has i have unlearn to learn....... what the term price action, or
“action price” actually means. Well, there is no true definition of
these terms, but in simple English, it is a trading technique that
allows you to read the market and make trading decisions based on the
actual price movements or action of prices as they undulate on a chart,
rather than relying on lagging indicators. Most indicators are derived
from past prices on the chart, so they are in fact, giving you
information on lagging price movements. Stop the madness of using
indicators and learn how to trade by understanding how to read a price
chart today!
Why would you want to base your trades on past information when the most important factor in trading is what prices are doing right now, and what they are most likely to do in the very near future? Using our strategies, we can help you to learn what prices are most likely going to do in the near term, rather than trying to guess using lagging and misleading indicators. There are some traders and some large institutions that actually fade the indicator movements for the sole reason that so many losing traders use them to base their trade decisions. That alone should tell you that they are a losing game in most cases.
One of the most common themes we hear in trading is that “the trend is your friend!” This is a very true statement, but the second most common theme to losing traders is that they are always looking for tops and bottoms and thus end up counter trend trading the majority of the time and this causes them to lose money. The million dollar problem to trading with the trend is knowing when the trend is in play, and when it is actually ending and a new trend is beginning.
The market can actually only do three things. It can trend up, it can trend down, or it can chop around in a trading range.
Why would you want to base your trades on past information when the most important factor in trading is what prices are doing right now, and what they are most likely to do in the very near future? Using our strategies, we can help you to learn what prices are most likely going to do in the near term, rather than trying to guess using lagging and misleading indicators. There are some traders and some large institutions that actually fade the indicator movements for the sole reason that so many losing traders use them to base their trade decisions. That alone should tell you that they are a losing game in most cases.
One of the most common themes we hear in trading is that “the trend is your friend!” This is a very true statement, but the second most common theme to losing traders is that they are always looking for tops and bottoms and thus end up counter trend trading the majority of the time and this causes them to lose money. The million dollar problem to trading with the trend is knowing when the trend is in play, and when it is actually ending and a new trend is beginning.
The market can actually only do three things. It can trend up, it can trend down, or it can chop around in a trading range.
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