Price Action Trading
What is Price Action ? Price action trading is a methodology that relies on historical prices (open, high, low, and close) to help you make better trading decisions. Now, this isn’t the Holy Grail. Dont Look for it!!!! There is nothing called as holy grail in Stock market. You'll fail if you look for it. But, if you devote time to learning price action trading, you’ll trade with cleaner charts, and can pinpoint your entries & exits with better precision. The truth about Support and Resistance nobody tells you First, let’s define what’s Support and Resistance so we’re all on the same page. Support – A horizontal area on your chart where you can expect buyers to push the price higher. Resistance – A horizontal area on your chart where you can expect sellers to push the price lower. “But how do I draw Support and Resistance on my charts?” That’s a good question. So, here are the guidelines I use… Zoom out your charts (at least 200 bars for me) Draw the mo...