Sentences with phrase «trading price action only»

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.

Friday i traded gbp - usd, eur - jpy and gbp - jpy too because if u check the daily chart u can se one more price action set up in the main trend direction (i trade price action only with trend, never counter trend).

Not exact matches

All indicators are derived from price movement anyways, so if we have a solid method to trade based only on price movement (price action analysis), it only makes sense that we would use that instead of trying to analyze messy secondary data.

It is possible to make consistent profits by only trading the pin bar formation, and you can learn more about it in my price action trading course.

Nial, i learn from you because i know you are a professional trader and i also want to be.your price action strategy does nt only improve my trading but also reduces the stress i gone through while trading.thanks so much Nial, to me you are the greatest mentor and the greatest techer of simplicity trading.love all your articles.

If you take my Forex trading course and join my members» community, not only will I share with you all of my professional trading knowledge and strategies, but in my opinion you are getting taught the most relevant and consistently effective way to trade the markets, which is without doubt, Price action analysis.

The only time I manually exit a trade before my predetermined stop gets hit is if the market shows me some convincing price action against my position.

I now only trade off the higher time frames, using simple price action, set and forget, with no lagging indicators allows me to trade what i see and not what i don't see, with yoda like clarity.

Thanks Nial, I can honestly say that since trading your price action stategy, it has turned my trading around.Gone are the stochastics and macds, just clean charts now, and I'm able to read the price action much better.I just have to now discipline myself to use longer timeframes for set ups, and 5 minute only for entry and exits.

If you only trade on a raw price action chart, then these lines are essential

If you don't understand why you are in a trade, you won't understand when it is the right time to sell, which means you will only sell when the price action scares you.

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Keep It Simple Stupid (K.I.S.S) Since I started following your Price Action trading technique I have learnt that following those secondary tools can only cause me base my action on a tertiary «tools» that usually cause failures in trAction trading technique I have learnt that following those secondary tools can only cause me base my action on a tertiary «tools» that usually cause failures in traction on a tertiary «tools» that usually cause failures in trading.

Nial, i learn from you because i know you are a professional trader and i also want to be.your price action strategy does nt only improve my trading but also reduces the stress i gone through while trading.thanks so much Nial, to me you are the greatest mentor and the greatest techer of simplicity trading.love all your articles.

But, fear can work against us too, by causing us to not enter a good price action trade setup only because we are «afraid» of losing money, perhaps because we've just had a series of losing trades.

Trading Execution Zone A pattern is only as good as the price action that follows it.

I quite agree, I do have mobile trading aps, but I only use them when I am away from my usual trading lap top to check if any price action has occurred on the daily time - frame, at my pre — identified SR levels

This is why I trade the forex market with only a few core candlestick forex price action trading strategies that I feel do an excellent job at providing me with a profitable forex trading strategy that doesn't require that I memorize a hundred different candlestick patterns.

Only trade one to three open positions at a time, so even big whipsaws in price action do not damage your account too much.

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 eTrading 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 etrading mindset and attitude that we talked about earlier.

This is true, not only for price action trading, but for any style of trading.

can we take Price Action only & trade?

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.

Price action trading is the only true leading indicator in trading.

Purists: Many traders believe that price action trading alone is the only way to trade.

My trading method is price action and it is the only method I trade and teach to my students.

The «secret» is keeping ALL your losers at 1R or less and ONLY trading when our price action trading edge is truly present.

I now only trade off the higher time frames, using simple price action, set and forget, with no lagging indicators allows me to trade what i see and not what i don't see, with yoda like clarity.

Although only trading with a dummy account, I made a profit in the last 5 months by only following your basic price action strategies.

Thanks Nial, I can honestly say that since trading your price action stategy, it has turned my trading around.Gone are the stochastics and macds, just clean charts now, and I'm able to read the price action much better.I just have to now discipline myself to use longer timeframes for set ups, and 5 minute only for entry and exits.

All successful Forex traders have a solid understanding of price action and how to trade it, it's a very effective stand - alone trading strategy and will only make any other strategy or system you may use in the future that much more effective.

3) Look for price action signals that have formed at confluent levels in the market, make sure to trade only very obvious and confluent setups: — You have to know exactly what price action strategies you are looking for before you build your trading plan.

Then, if the market reaches the areas you've predefined and forms a price action signal there ideally, you only need to execute the trade, not think.

sir, your blog, trading simplicity / idea, means price action trading article had given me new view towards trading that it is only about be simplified, money management, No Technical charting (fishing for intelligent idiot).

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.

I'm not only saying this because I teach price action trading, but also because you really do need to know how to read the raw price action of a market, no matter what trading method you eventually end up using.

I became a member and started trading only two pairs, using only two Price Action methods, and looking for the confluences for each method.

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.

Being patient and waiting for only the «best» price action setups will greatly improve not only your win rate but also your confidence, because when you are trading with a high accuracy you are naturally going to boost your confidence.

If you will just slow down and focus on trading like a sniper and not a machine gunner by learning to trade only the most obvious and confluent price action setups, you will be able to trade much more relaxed and care - free, this will help you greatly in your money management.

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.

Instead, understand that if you maintain a consistent risk amount that you're comfortable with, and only trade high - probability price action strategies, over a series of trades you should come out profitable, even if you lose the majority of the time.

I have gone through the indicators stage myself, i think most people do or we all do, however as you said above, i have cut back to only a couple (macd cross and stochastic) and trade totally based on price action now..

price action trading off confluence levels in the direction of the trend is the ONLY way to trade successfully.

If you actually do this with discipline, by only taking obvious price action setups and rigidly implementing a risk reward of at last 1 to 2, you will become profitable over a series of trades.

I've been trading for the last 5 years, and in only the last 2 3 years I have gone to higher timeframes with great success and just price action!.

However, one price action pattern that I ONLY trade on the daily chart time frame, is the inside bar pattern.

Indeed, trading price action setups from horizontal levels is the «core» component of my trading theory and strategy, and if you were to take away only one thing from my website it would be that you can learn to trade the market effectively by simply drawing the core levels on your charts and waiting for obvious price action signals to form around them.

By only focusing on key levels you'll be in a much better place to actually trade a price action signal when one shows up.