How much do you really know

about price action trading?

Price action traders

analyze price movements

to decipher the probability

of one thing happening

over another.

PRICE IS WHERE

IT ALL STARTS.

6E

Jan 8 2016 – NFP

Volatility

Measured move

target reached

Target

Projection

Nothing solid to

base a trade on

Several trading

strategies in one

Heavy hits

Acts as support & resistance

Keep in mind that multiple hits don’t equal

strength but quite the opposite especially

with horizontal lines.

When you find zones that are used for

both support and resistance, that is a

zone you want to take notice of.

Look inside the extremes

Resolution

Symmetry on next pullback?

Symmetry overlay

Initial support line

Push the button

Keep in mind what you are trading into.

Previous range.

May or may not be significant.

Confluence of target factors

Price stalls. Finds support

Price action and structure are

not the holy grail that many

marketers say they are.

Price action will not tell

you what will happen next.

Using a trading indicator

does not discount price

action trading.

Support and resistance

(potential) are also used in

addition to price action as

reaction points in the

market.

There is always a distance

between understanding

and execution.

YOUR NEXT STEP

How does price react?

Can you spot recurring patterns?

I will admit that this takes a

lot of time to learn and

implement.