For price action traders, the movement of price itself is their primary signal for taking entries and exits. They let momentum, the trend, and movement filter their trading decisions. A price action trading strategy is a process for using new incoming and evolving price action data to make buy and sell decisions on a watch list […]
5 Price Action Rules EVERY Trader NEEDS To Know Read More »
Here are five things to quantify before entering any trades. These areas should be based on the parameters of your own time frame and trading system. Path of Least Resistance The first filter for any trade entry is the question: “Is the chart your trading in an uptrend, downtrend, range, or highly volatile?” “The answer
5 Things To Look For Before You Place A Trade (Price Action Trading Strategy) Read More »
Here are ten of the best tips I believe can make you a better price action trader starting today. Trading Price Action The first step to becoming a better trader is abandoning you own opinions, predictions, and emotions in favor of trading the price action itself. Uptrends, downtrends, and trading ranges on charts become more
10 Price Action Trading Tips That Will Help You Become a Better Trader Read More »
Volume is like votes on the price of a stock as each trade is an agreement between a buyer and a seller to exchange shares. The volume is the amount of trades that occur during each time period on a chart. Technical traders look for correlations between price action trends and the increasing and decreasing
Volume Price Analysis Read More »
Price action patterns are the visual moves that happen on the chart from the interaction between buyers and sellers at different price levels. At the candle level, a trader can see the micro price action and when the trader zooms out on the chart to a higher time frame they can see the full context
Price Action Patterns Read More »
A gap in price on a chart shows that there were no buyers and sellers connecting at price levels from a closing level to the next opening level. Gaps happen when sudden news comes out that changes prices to higher or lower degree than expected. New information can be priced in by buyers and sellers
Fill the Gap Stock Read More »
A price action trading system is a process for using price data to make buy and sell decisions on a watch list of charts. Price action trading attempts to use entry and exit signals that have an edge by creating good risk/reward ratios that lead to profitable trading with wins that add up to more
Price Action Trading Explained Read More »
Here are ten of the best price action trading books that I have read, written, or based on Amazon reviews. The primary strategies and systems found in these books focus on letting price action itself be the trader’s guide for entering and exiting trades. Whether buying breakouts of ranges, using trendlines to determine a trend,
Best Price Action Trading Books Read More »
Reading price action is the art and science of trading by understanding the interaction of buyers and sellers as measured by prices on a chart. Many pure price action traders remove all technical indicators from their charts and trade price alone. Some consider price action trading the purest form of technical trading and technical indicators
Reading Price Action Read More »
Munehisa Honma (本間 宗久) 1724-1803 is known as the father of the candlestick chart. He is believed to have been a rice merchant in 18th century Japan who traded the Dojima Rice market in Osaka. . In 1710, a Japanese rice spot market was transformed into a futures market for rice. This market used coupons
Munehisa Homma: Legendary Price Action Trader Read More »