Not exact matches
Nial is promoting raw
price action, keeping it
simple with a raw
price chart, no indicators.
Trading in a
simple de-cluttered manner like this is critical not only to accurately see what the
price action on the
chart is doing, but also to develop the correct trading mindset and attitude that we talked about earlier.
It's critical that you trade with a
simple strategy like
price action so that you aren't unnecessarily confusing yourself and so that you can see clearly what's happening on the
chart.
Nial is promoting raw
price action, keeping it
simple with a raw
price chart, no indicators.
In this video I discuss
price action on the EURUSD daily
chart, I keep my
charts very
simple, a moving average is the only indicator I use, I believe that
price action and modern day technical
price analysis is what makes serious money in the forex market.
It always amazes me how so many traders tend to look at every trading method and trading system under the sun and it's only later, after perhaps years of lost money and frustration that they finally «wake up» and see the proverbial forest for the trees and realize that the raw
price action on the
charts has been the best and
simplest way to trade all along.
If you want to fast - forward your learning curve and learn to trade effectively as quickly as possible, check out my
price action trading course here and learn more about daily
chart trading with
simple yet effective
price action strategies.
Finally, I wanted to show you guys a real
chart of the EURUSD and analyze its recent
price action and horizontal levels to show how you could have used
simple horizontal levels with
price action to trade the market.
Nial, all I can say is thank you.You're a great mentor, your trading style is
simple, but highly effective, if one chooses to follow and apply your rules.My trading got off to a very slow start, I've been following you for about a year now and slowly but steadily I'm beginning to see an improvement in my trading with more winning trades than losing ones.This is simply because I'm following your «naked
chart» trading
price action only method.
Participants will be able to submit stocks for review as the instructor shows how to scan the
charts for support, resistance and
price action relative to the 20 - day
simple moving average (SMA).
So the remedy to this problem is to just accept the fact that it is almost always better to employ a
simple forex trading method that makes use out of a clean
price action chart than to spend hours combining different indicators and trying to understand their mathematical foundations or trying to program expert advisors and the like.
The levels on the
chart above were identified by using
simple price action.
I try to keep it as
simple as possible and I start off by just visually observing a bare
price action chart, with no indicators.
thanks for the email, learn alot with your keep it
simple charts,
price action really help make profits, keep on teaching sifu
This is the power of using a
simple price action pattern in combination with a higher time frame such as the 4 - hour
chart.
The markets are a lot
simpler than most people think; they are really just reflections of human behavior as plotted by the
price action on the
charts.