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Price Action Trading Strategies

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  • Price Action Trading Strategies

    Trading based strictly off of price action is one of the most intriguing strategies I have come across in my years as a trader. It's basically a bare-bones approach to technical analysis.

    What you the trader would do is examine a bar chart free of moving averages, stochastics, MACD, and any other technical indicators.

    For this strategy to work, you have to be proficient in the art of candlestick chart reading.

    The best book to read to familiarize yourself with candlestick reading is Candlestick Charting Explained.

    I personally don't like the idea of trading with no indicators at all. I need a bit more information before buying a stock.

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    "Step into the arena and hold on to your hat. Don't get discouraged if you don't make 8 trillion dollars in your first month. Trading is not a get rich quick scheme. Realize that trading is a skill and just like any other skill it takes time to learn. Have convictions in your decisions in life and trading. Ignore the comments and "advice" of those that have never traded a day in their life."

    Good KARMA and positive energy abound.

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