Most price action trading strategies revolve around price patterns like Pin Bar, Inside Bar, and Engulfing Pattern. As a result, many traders equate price action trading strategies with price patterns. But the truth is that price patterns form only a part of these trading strategies. Let’s take the Pin Bar pattern as an example. A […]
7 Price Action Trading Myths Debunked
The barriers to financial trading have been falling. With discount brokers and improved market access through the Internet. There are more independent traders now than ever before. And together with it, a market approach rapidly rising in popularity is price action trading. Studying price action is illuminating. However, many myths and misconceptions have emerged about […]
Price Action Trading Primer
New to price action trading? This primer will introduce you to this fascinating analytical approach. Besides gaining a crystal clear overview, you’ll also find links to many resources to bring you to the next level. Primer Overview This list shows the topics we will cover in this primer. Definition of Price Action Trading Origin of […]
5 Skills All Price Action Traders Must Have In Their Trading Toolbox
There’s no professional qualification or academic courses for price action trading. Yet, you’re expected to know what’s going on in a market with just one input: price. Not only that, you must have a plan to trade your interpretation of price action. Price action is simple, but being a price action trader is tough. Memorizing […]
How To Find and Profit From Trapped Traders
One of the best ways to time your market entry is to locate trapped traders. When these traders realize they are wrong, they will try to get out of the market and reverse their positions. In doing so, they offer us an advantage in our entry timing. An example is the Hikkake pattern, which takes […]
The Floor Trader Trading System
The Floor Trader Trading System is an interesting retracement strategy discussed on the defunct website Trading-Naked. It employs a simple recipe. First, it uses two moving averages to determine the trend. Then, it takes advantage of a price pullback to enter the market. But don’t let its simplicity deceive you; there are subtle factors you […]
