Price action
Updated
To be a price action trader you must read and understand the price, and all of the chart.
. Remember that and use it in your trading. Not patterns and not signals or triggers. The signals and the entries are super important, but it is the overall price action story that is the king of the jungle.
To make the story you need to read the whole chart. A really common question I get when traders are marking their support and resistance levels is “how far back do I go on my chart to mark my level?”. The answer is that you should read the WHOLE chart and go as far back as the chart allows.
. Remember that and use it in your trading. Not patterns and not signals or triggers. The signals and the entries are super important, but it is the overall price action story that is the king of the jungle.
To make the story you need to read the whole chart. A really common question I get when traders are marking their support and resistance levels is “how far back do I go on my chart to mark my level?”. The answer is that you should read the WHOLE chart and go as far back as the chart allows.
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