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…

1. Zoom out your charts (at least 200 bars for me)
2. Draw the most obvious levels (if you need to second guess, then it’s not an important level)
3. Adjust your levels to get the most number of “touches” (it can be body or wick).

But Now, if you want a full training on how to draw Support and Resistance and wanna know more about Price action then Conact me. 

Pro Tip:

Dynamic Support & Resistance can also be in the form of Trendline or Trend Channel.

Market behaviour secrets: How the market really moves…

Here’s the deal:

The markets are always changing (I’m sure you’d realize this by now).

It can be an uptrend, downtrend, range, low volatility, high volatility, etc.

There are 4 Stages in trend.

1. Accumulation
2. Advancing
3. Distribution
4. Declining.

This is a Basic descrption about Price action, will continue about this in the future.