The only difference is that
you use price action techniques now.
Im starting to
use some price action techniques with Fib Levels which have been working well on the long term chart.
Not exact matches
In my
price action forex trading course I teach my students the same swing trading
techniques I have
used to trade with for the past decade... methods which have stood the test of time across a range of different markets and conditions.
As a
price action trader, this is a HUGE clue for us and we can
use it to develop several high - probability entry
techniques:
This group of traders
use all of the
techniques of the first school of
price action traders, yet they often combine
price action with indicators like the stochastic oscillator, RSI, MACD, bollinger bands, etc... and many combinations of western indicators.
First, I wanted to explain the proprietary
techniques that I've been
using to trade this
price action signal for the past few years, while still including the basic, standard shooting star
techniques for those who aren't interested in trading it the way I personally do.
I've gone through several of them, and have learned a lot of
price action trading
techniques that I still
use regularly.
I'm a beginner trader and have been
using Nial's
price action techniques for around 5 months now and have turned a 300 $ trading account into 850 $ in that 6 months.
Obviously, I prefer to trade off
price action alone, and I teach my member's how to trade off the same simple
price action strategies that I
use, but some of you will inevitably go on to incorporate other methods and
techniques into your trading.
So, since trading success is mainly dependent on discipline and mind - set this rules out the emphasis on method, it only makes sense to trade forex
using a simple trading
technique like
price action analysis so that we can
use our trading method to help maintain discipline and emotional reaction.
By
using this
technique, you're letting the
price action do the talking.
Always
use the Fibonacci tool in combination with other
price action strategies and
techniques.
This
technique is trend following, it
uses two tools aside from
price action, including a thirty day shifting average.
If you can't
use these
price action patterns as entry triggers in an already profitable trading system, combining them with the
techniques below is the next best thing.
Infinite Prosperity's Reversal
technique uses a few particular
price action patterns to catch reversals.
While
price action analysis works on all time frames, there are different
techniques that you can
use in trading intraday, daily, weekly and monthly charts.
Trading bots is a
technique that
uses pre-programmed software that analyzes market
actions, such as volume, orders,
price, and time, and they are rather common in the bitcoin world, because very few traders have time to stare at the charts all day.