Price Action Trading, What is it?
Price Action Trading is a trading technique that uses price information from the past and present to determine future price movements. Traders who use Price Action are looking for patterns in price movements that can be used to identify potential trading opportunities.
Price Action Traders use price, chart patterns, and support/resistance levels to identify potential trades. They often look for trends in the price data that may indicate an entry or exit point. Price Action Trading is popular among forex traders because of its simplicity and low-risk level compared to other forms of trading.
It requires less analysis and fewer indicators, making it easier to implement than some other strategies.
Price Action Traders focus on understanding what the market tells them rather than relying on technical indicators or economic data, making it a great tool for traders looking for a simpler approach to trading.
Micro E-minis – MES – How to Trade the Mini Contracts
Typically, you can open a Micro trading account with as little as $400, though a larger account size is recommended as a buffer against losses. We recommend having a discussion with an authorized brokerage representative to determine the best option for you.
A 50-Point Move Worth $2,500? Here’s My Opinion…
Here’s my ongoing market analysis as of today, Tuesday, Sep. 6… As I’ve established in my other videos, I have been correct in predicting the large move down that has occurred. And indeed, the market is continuing to go lower. My current prediction is that the market “needs” to go another 100+ to 200 points […]
Summer rally may turn into a bear trap, proceed with caution
Yesterday, Aug. 22, U.S. financial market analysts were warning of a “bear trap”. Should you be concerned? Yes, they said that U.S. stocks could slip away from this summer’s big rally… “The 17% rally off the June 16th low seems consistent with historical bear market rallies, on average returning over 17.8% before reversing course and […]
