Email Support Line – Click Here. This forex price action candlesticks patterns no lagging indicators outside of maybe a couple moving averages to help identify dynamic support and resistance areas and trend.
Whilst economic data and other global news events are the catalysts for price movement in a market, we don’t need to analyze them to trade the market successfully. Price movement provides all the signals you will ever need to develop a profitable and high-probability trading system. Indicator-laden Charts Next, to demonstrate the stark contrast between a pure P. I have shown two charts in the examples below. The chart on the top has no indicators on it, there’s nothing but the raw P.
It’s worth pointing out how in the indicator-laden chart you actually have to give up some room on the chart to have the indicators at the bottom, this forces you to make the P. So, not only do you have less screen area to view the P. If you really look at both of those charts and think about which one is easier to analyze and trade from, the answer should be pretty clear. All of the indicators on the chart below, and indeed almost all indicators, are derived from the underlying P. Examples of some of my favorite price action trading strategies: Next, let’s take a look at some of the price action trading strategies that I teach.