Sentences with phrase «with pure price action»

You might not be comfortable with pure price action analysis.

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.

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.

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.

Not exact matches

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

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

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

I would also not recommending pure price action with this signal, because it just doesn't work out often enough on its own.

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

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

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.

Now let's look at the same chart with no indicators at all, there is nothing but pure price action and a couple of horizontal lines drawn in to show significant support and resistance levels.

Now compare the above chart to the exact same chart below with nothing but pure price action setups and support and resistance levels marked.

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

A chart with just pure price action and the key support and The same chart full of some popular indicators: resistance levels drawn in:

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.