What is price action Trading ??
Updated
One of these days i see that retail traders get an advertisement of Price action trading trainer , well most of them even dont know what is going on with in the
Market , i asked many of them to take up Live Trading challenge if they are so sure of the price action trading , Most never replied to my message
but what they are doing is they continue to collect fees form innocent retail to tune of 30000 Per training , and retail after losing the money in stock market they end up
paying the heavy fees yet the success is not even close to their investments
My point is Price action is not candlestick trading , it requires meaningful understanding of trend/ Momentum and the direction of the trend ,
Many time the trend is making an Continuation pattern but the so called these pandits suggest to book profits or go short sell
They even dont know where to begin and where the trend is end ,
Let me tell you what is price action in short message
Its an Movement of price based on market participants interpretation , its theme of moves in trend and counter trend moves , its an indication of progressive moves in the direction of least resistance , overall its an tool that gives you the past data in order to asses future direction ,
its easy to be fooled by these people who try to teach you in the name of price action but they them self dont have a complete knowledge
I love to post about it but it takes lots of time ,
One can Ping me in case you want to know more after Friday i will reply
Goodluck
Market , i asked many of them to take up Live Trading challenge if they are so sure of the price action trading , Most never replied to my message
but what they are doing is they continue to collect fees form innocent retail to tune of 30000 Per training , and retail after losing the money in stock market they end up
paying the heavy fees yet the success is not even close to their investments
My point is Price action is not candlestick trading , it requires meaningful understanding of trend/ Momentum and the direction of the trend ,
Many time the trend is making an Continuation pattern but the so called these pandits suggest to book profits or go short sell
They even dont know where to begin and where the trend is end ,
Let me tell you what is price action in short message
Its an Movement of price based on market participants interpretation , its theme of moves in trend and counter trend moves , its an indication of progressive moves in the direction of least resistance , overall its an tool that gives you the past data in order to asses future direction ,
its easy to be fooled by these people who try to teach you in the name of price action but they them self dont have a complete knowledge
I love to post about it but it takes lots of time ,
One can Ping me in case you want to know more after Friday i will reply
Goodluck
Note
ha ha , Amazing to see how it works , I told you 3 moves theme , it did move three wave themeNote
Well it paused it drop , I was really not sure about its pausing , but it did , one can wait for daily bullish candle brake or strong 2 hour candle clsoe before entering for long position , Up side move will be immediate high and then slow extension is possible , Look to exit with your comforts
Note
when its over its over , still need bullish candle then its end of current down moveTrade closed manually
We are covering our shorts by trailing stop on 1 hour candle so far form 489 to 396 , in futures short selling
93 Points per lot
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