6 best price action indicator trading strategies

     

In my last post, I said that if you want lớn be a consistently profitable trader, you need lớn stay away from trading indicators, fundamental news, and signal services.

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Now you’re probably wondering:

“So what should I focus on?”

Price action.

Wait, what’s that?

I’ll explain…

Price action trading is a methodology that relies on historical prices (open, high, low, & close) lớn help you make better trading decisions.

Unlượt thích indicators, fundamentals, or algorithms… price action tells you what the market is doing — và not what you think it should vị.

And as the saying goes…

“Trade what you see, not what you think”.

Do you want to see the power of price action trading?

Then read on…

You can “predict” what the markets will vị with heightened accuracy…

Let me tell you a secret:

The price can predict the future better than anyone of us.

If you don’t believe sầu me, take a look for yourself…

EUR/USD is in a downtrkết thúc before the ECB cuts interest rate:

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NZD/USD is in a downtrkết thúc before the NZ central bank cuts interest rate:

*

Clearly, it’s obvious that price leads the news.

So, if you’re always trying lớn predict where the market is going, then look no further.

Because all you need khổng lồ vị is just follow price và you’ll be more accurate than 90% of the analysts out there.

You trade what you SEE, not what you think

Here’s the thing:

The majority of trading indicators (like Moving Average, RSI, Stochastic, ADX, ATR, Bollinger Bands, and etc.) are a derivative of price.

This means the line (or value) you’re seeing on your indicator is derived by applying a mathematical formula lớn the price.

Now…

What if your RSI indicator is overbought and the Stochastic indicator is oversold, at the same time?

Won’t you have conflicting signal?

Indeed.

But no worries!

You can adjust the settings of your RSI indicator & make it oversold, so now, both your RSI and Stochastic indicator are sending out the same “signal”.

But let me ask you…

Does it make sense?

Heck no!

Why would you want to lớn manipulate an indicator lớn fit your bias?

It doesn’t make sense.

Rethành viên, you’re supposed khổng lồ trade what you see, not what you think.

But hey, the good news is…

You won’t have sầu this problem if you choose to lớn focus solely on price.

No bias. No agendas. No manipulation.

You have sầu absolute control over your trading results without relying on anyone

Here’s the deal:

Someone who relies on a black-box algorithm, magic systems, or signal service, isn’t a trader.

Why?

Because they are just “blindly” following orders. And the worst thing is…

They GIVE UP.. the power to lớn be in control.

But no, that’s not you.

Because as a price action trader, you have sầu absolute CONTROL over your trading results.

You make decisions like:

Where you’ll enter the tradeWhere you’ll phối your stop lossWhere you’ll exit your winnersHow much to lớn risk on each tradeWhat are the market conditions you’ll tradeHow khổng lồ manage your trade from start lớn finish

And here’s the beauty of it…

When you have sầu total control of your actions, you can make tweaks và improvements lớn your trading.

The outcome?

You make more profits in the long run (that no systems, robots, or algorithms can match).

Now, I’ll admit.

This isn’t for everyone.

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Because not everyone is meant to be a trader.

But if this sound lượt thích what you’re looking for and you’re prepared to lớn put in hard work and reap the benefits of what trading can offer… then read on.

You can better time your entries và exits

Now…

You know that indicators are a derivative sầu of price (after applying a formula to lớn it), so naturally, you can expect it lớn “lag” the markets.

This means if you rely on indicators for your entries, you’ll be slower compared lớn someone who trades based on price action.

Here’s an entry based on moving average crossover:

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And here’s an entry based on price action:

*

Can you see the difference?

Imagine…

How far ahead you’ll be if you can better time your entries using price action?

Unlike trading systems, you can apply Price kích hoạt to lớn any markets — and it works

Now, unlượt thích other trading systems that only work in certain markets, price action trading can be applied khổng lồ all markets.

Why is that?

Because price action is not a trading system that “spits” buy and sell signals.

Instead…

It’s a methodology that helps you identify the different market conditions, so you know which strategy khổng lồ use under different circumstance.

This means if the market changes, so vị your trading strategy!

The outcome?

You’ll learn how lớn constantly adapt khổng lồ the ever-changing market conditions and you can be confident your trading approach will work for years khổng lồ come.

You can be a consistently profitable trader without paying attention to lớn the news

Now…

I’ll honestly say that fundamental news is NOISE lớn your trading.

I’m sure you’ve seen the market rallies on bad news and collapse on good news. And you’re probably wondering:

“What the heck is happening?”

Well, I’ve no idea too.

The only thing I know is… price is king.

This means you don’t know anything about fundamentals like the price to book value, financial ratquả táo, interest rates, GDP, assets, liabilities, and etc.

And… you still can be a consistently profitable trader — if you follow price.

Here’s the proof:

*

AMD had 3 years of negative sầu earnings but the stock rallied 700% in 12 months. If you shorted AMD based on fundamentals, then this would really hurt.

But what if you followed price?

Then there is money to lớn be made by being on the RIGHT side of the market.

Or how about the US Presidential election?

If you recall:

The news and media were extremely bearish if Donald Trump gets elected as president because of his policies, his character, the Trans-Pacific Partnership (TPP), & etc.

But look what happened…

*

The S&Phường. 500 broke to lớn all-time highs.

If you shorted this market based on the truyền thông media & analyst reports, then you’re probably toasted right now.

So my point is this…

The market doesn’t care about you, me, fundamental reports, news, media, analysts, and etc.

The only thing that matters is Price.

At this point…

You’ve learned what is price action trading & the difference it can make lớn your trading.

Now you’re probably wondering:

“How bởi vì I apply price action khổng lồ my trading?”

“Where can I learn more about price action trading?

“Do you have any price action techniques I can use?”

Don’t worry.

I’ve sầu got another lesson coming where you’ll discover price action trading techniques that work—so you can get results, fast.

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Then I’ll open up my premium training program, The Ultimate Price kích hoạt Trader (UPAT) if you want khổng lồ take things a step further.


Chuyên mục: Tài chính