tools of price action There are lots of ways to trade the market but the only indicator that will help you in all types of market is Price action
first tool is horizontal lines go to different timeframes based on your trading time if you do intraday trading go to 1hour
and 15 minute for swing trading go higher time frame and draw a horizontal line on important levels where market took support
or resistance how it works is you buy at support and sell at resistance because it has a higher chances of reversal than breakout
second tool is trend line make sure that your trendline touch no less than three point and that is a valid trendline with the
help of trend line you can trade high and low of the stock you're trading
although price action and chart pattern technical analysis will help you find a trade and give you entry points none the less it is not
gonna help you with the psychological issues you have and you will become a profitable trade unless you get your psychology of successful
profitable trader
poor grammar
Action
GC1! as i said gold is down as i said to you there was a huge probability of going down and thats what happened tog gold
it went from 1712 to 1700 and we can go out from the trade or we can wait until we see a strong candle tell us to close the trade and go out
i'm so happy to show you my analyses !
you can check my previous analyse
XAUUSD 1D ScenariosPreferably suitable for scalping and accurate as long as you enter carefully the price behavior with the drawn areas.
With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis.
And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message..
Enjoy Trading... ;)
Bitcoin Single Print and Buying Tail I'm looking at these trading points here to long from the Buying Tail and take it from there.
Ideally if we enter the upper single print area i would be interested in closing my long at the top of that single print and looking for a possible price reversal at that point.
Will GBPUSD RETRACE THAT WHOLE DAILY TF CANDLE IMBALANCE????????Price moves for TWO reasons
1. Liquidity
2. Imbalance
On the daily TF there is over a 200 pip IMBALANCE. (pull it p and see for yourself lol)
A retrace is due.
GBP should LONG to fill 45-50% of that imbalance.
My 1st TA is 45-50% of retrace into Daily Imbalance candle.
After that monitor the DXY closely to identify if she will continue the trend UP or CONSOLIDATE and break to the down side.
Never over leverage.
Trust your trade set up.
Have fun!
#TradingMadeSimple