Now compare the above chart to the exact same chart below with nothing
but pure price action setups and support and resistance levels marked.
Now let's look at the same chart with no indicators at all, there is nothing
but pure price action and a couple of horizontal lines drawn in to show significant support and resistance levels.
Not exact matches
I suggest you stick with
pure price action trading strategies, like the ones I teach and trade,
but whatever method you end up using, you will trade it better by understanding the
price dynamics occurring on the chart below it.
But, what I am saying is that it should be viewed and used as a compliment to technical analysis and it should be used sparingly, when in doubt consult the charts and read the
price action, only use Fundamentals to support your Technical view or out of
pure curiosity, never rely solely on Fundamentals to predict or trade the markets.
Cool trading, looks the most
pure form of
price action, they traded with only
price and nothing else, not only no indicators
but also no charts.
I Have used it,
but what has proven more profitable for me and I talk in my professional trading course is a combination of
pure price action, support / resistance and a special method to increase returns while minimising the risk to lose.
I understand the appeal of
pure price action trading,
but I haven't had much success with it myself.
there are a billion and one different techniques out there on the Internet, even some advanced ones in this very course, which you are free to try on your own,
but to master the art of
price action in the first 2 volumes, is
pure gold.