Price action helps you develop this trading instinct because learning to spot and trade high - probability
price action setups allows you to recognize and anticipate market patterns and movements with a high degree of accuracy.
Fortunately, trading with simple
price action setups allows us to trade in any market condition, so we can still find high - probability trade setups even in range - bound market conditions.
A high quality
price action setup allows you to set and forget your trading while still giving you a higher than 50 % chance of winning any given setup.
Not exact matches
Basically, what I want to really drive - home today is the point that focusing on one
price action setup on one time frame and in one market, will
allow you to become a master of that «strategy».
Price action allows you to filter the «good» trades
setups from the «not so good» trade
setups with immense clarity and confidence.
As a
price action trader you should be especially excited about volatility, because
price action strategies thrive in volatile market conditions due to the fact that they simply reflect the dynamics of
price movement and provide you with easy to identify
setups which
allow you take advantage of volatility.