The example above is showing what
I mean by a price action confirmation of a major level.
I would like to learn mor about your price action strategy, but before putting up more $ for something I don't really understand, can you kindly point me towards some succinct videos on your website that really DEFINE what
you mean by Price Action?
Not exact matches
After years of buying up companies then raising the
prices of their drugs — a strategy that rapidly amplified Valeant's revenue and stock
price — Valeant is now struggling to grow
by other
means, while dealing with the consequences of its previous
actions.
While its contents are put together in a piecemeal manner and it is
by no
means «ultimate», there are many hidden gems within this
price action trading book.
Here's an example of this... Notice how there was a powerful directional (down) move followed
by a period of choppy
price action or very tight consolidation / back and filling (all
mean the same thing)...
So you need to remove hesitation and indecision from your mind, and the way you do that is
by mastering one trade setup at a time, and in the case of my methods, that
means one
price action setup at a time.
By that I
mean, just as a
price action signal needs to form in the proper chart condition, i.e., with confluence, your mental state needs to be in the proper condition before you can trade profitably.
In layman's terms, that just
means by learning to spot
price action patterns you can get «clues» as to where the
price of a market will go next.
Now, I'm
by no
means saying that
price action doesn't give false positives.
If you do obtain and learn a
price action method, you then have to commit to it as I said above, and part of committing to it
means actually FOLLOWING it
by WAITING for the signals to appear.
It is still wise to try and value a stock based on the financial information given but that
by no
means price action will follow suit.
In his speech, Chairman Bernanke further clarified that «the
actions taken
by the FOMC to put downward pressure on longer - term interest rates was
meant to inspire greater confidence for individuals, families, businesses, and financial markets» and he reiterated the commitment of the Federal Reserve to «promoting a sustainable recovery within the context of
price stability until the job market improves substantially.»