If you ask a group of price action traders about their favorite tool for trading pullbacks, one of their top answers will be trend lines. And there is a solid reason for that. Trend lines and their channels are simple but powerful tools for amplifying the value of price action. This article will show you […]
Support And Resistance: A Complete Price Action Trading Guide
The concept of support and resistance is a cornerstone of price action trading. A huge part of price action trading pertains to analyzing support and resistance levels of different degrees. The aim is to integrate them to form your market opinion and execute your trades. In this guide, you’ll learn everything you want to know […]
Inside Day NR4 (ID/NR4) Pattern Trading Guide
Toby Crabel, a pioneer in systematic trading, did some serious work on volatility patterns found in price action. In his splendid work, “Day Trading with Short Term Price Patterns and Opening Range Breakout,” he discussed his research of many volatility-based price patterns, including the Inside Day/NR4 (ID/NR4). What is the ID/NR4 Pattern? This bar pattern combines two […]
Pin Bar Context Trading Method
The Pin Bar is one of the most popular price patterns. It is easy to spot and trade. But any trader who has tried utilizing it will know that it’s not the pattern that works. It is the context you find it in that is critical to its performance. This is why the Pin Bar […]
How To Trade Candlestick Patterns With Trend Lines
Combining candlestick patterns with trend lines is a classic price action trading strategy. This approach bears great appeal for minimalists. Armed with the skills to draw reliable trend lines and spot candlestick patterns, you are ready to go. Candlestick traders often use indicators like Stochastics or moving averages to upgrade their trading. But with trend […]
How To Read Price Action With Bollinger Bands
Price action trading is more than just learning price patterns like the Engulfing candlestick and Head & Shoulders. We often overlook a crucial aspect of price action: its volatility. How much the market moves is as important as which direction the market moves. To integrate volatility into our analysis, Bollinger Bands offer a robust tool. […]
