Sentences with phrase «pure price action trading»

I understand the appeal of pure price action trading, but I haven't had much success with it myself.

I have personally found that pure price action trading is the best way for me to trade, and many of my member's have as well.

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.

Here is an example of pure price action trading in the GBPUSD with some of my favorite price action setups:

Pure price action trading excludes the use of any trading indicator.

I do not recommend pure price action trading.

This, just like also false breaks trading, is a great add to pure price action trading.

As I mentioned earlier, I do not recommend pure price action trading with the hanging man as an entry signal.

Note: I do not recommend pure price action trading with these signals, although some traders are very successful with this approach.

Here is an example of pure price action trading in the GBPUSD with some of my favorite price action setups:

Not exact matches

You can click the previous link to learn why indicators are a waste of time; I've discussed this a lot so I won't get into it much here except to say that if you want to truly simplify your trading you need to learn how to trade off of pure price action.

I am a pure price action trader and I also use trend analysis in my trading.

This one is much stronger, so it can be traded more successfully via pure naked price action trading, although I still recommend combining other indicators (even if you only use the RSI at extremes) to filter out bad trades.

You can click the previous link to learn why indicators are a waste of time; I've discussed this a lot so I won't get into it much here except to say that if you want to truly simplify your trading you need to learn how to trade off of pure price action.

As you probably know by now, I am a huge proponent of «pure» price action trading, and I really feel that it's the best way to trade the Forex market.

Pure price action is the only constant in trading.

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.

Steve Nison recommends trading candlestick patterns using western technical indicators, although many price action traders do well with pure naked charts.

Obviously not, they are reading tape, or price, they are basically just trading based off pure price action, and we can do that my taking off the forex indicators on our charts and learning to trade the natural price action of the market.

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 am really taking my time to practice it, and i can see what you mean when you say price action trading strategy is a pure and accurate trading strategy... i am really happy to know you..

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.

Let's actually dissect two of the more popular indicators out there; Stochastic and MACD, and then compare them to trading with pure price action.

Instead, I teach my students to trade off of a plain vanilla price chart by learning to read the pure price action that occurs each day in the Forex market.

So, forget about the confusing haphazard mess that indicators leave all over your charts and let this article open your eyes to the power and simplicity of trading with pure price action.

As we can see in the above two images, the clarity that you get when trading off indicator - free, pure price action charts, is very obvious and significant.

Eventually your brain and subconscious will sync up together and trading off pure price action setups will be like riding a bike; once you adapt to it you will be able to ride it very well and it will become like second nature.

The retrace day trading setup uses pure price action to identify a trend, to enter the trade, and to exit the position.

When you trade off trend lines you are trading off pure price action.

The purest form of trading is price action trading, using a clean price chart, no indicators, no mess, just pure price action.

I chucked all indicators, trading pure price action, on a clean chart.

The basis of any successful trading business is understanding price dynamics and how to read and trade from pure price action.

It is a solid forex trading strategy, using pure price action analysis — enjoy

When I say «naked price chart» I mean trading off the pure price movement or price action of the market; in other words, you are trading primarily off the natural price dynamics of a market and not off of indicators, robots or expert advisors.

If you've been following me for a while now you know that I focus primarily on trading off pure price action, with a couple of moving averages sprinkled in sometimes.