Wow! eBook
Price Action Strategy: The Fastest Trading Signals
Author(s): Minal Yerramshetty (Author), Himanshu Raval (Author), Kamal Hyder (Author)
- Publication Date: May 10, 2021
- Edition: 1st
- Language: English
- Print length: 44 pages
- ISBN-10: B094NTF94J
Book Description
Understanding how Price Action unfolds visually on the charts provides the fastest trading signals. A lot of us have very crowded charts where we also display many different indicators. As humans we tend to favor multiple confirmations because we think that more indicators will give us a sounder signal. We also tend to believe that we are being more cautious.
But, multiple indicators very often give us conflicting signals. While one indicator is telling us to buy, the other two are telling us to sell shorts and often, we end up doing nothing because we are confused.
However, Price Action is the basis of ALL indicators anyway and all indicators are created from Price Action. Because they are derived from price action, they will, by default, always lag behind the actual action of the price itself. So, using straight naked Price Action (without any trading indicators) will also prevent lagging signals, thus allowing you to enter the markets faster on ALL time frames and on any tradeable instruments with a much higher probability of success. Thus, we can use Price Action on stocks, currencies (Forex), futures like the e-minis and also commodity futures (like Gold, Crude Oil etc.) and cryptocurrencies like Bitcoin and others.
Moreover, these patterns are incredibly easy to identify on any chart and on any timeframe. These are also high probability signals and have been used by very successful traders over the last 50 years. This is a proven way to build wealth in any market.
This book provides you with a complete trading system including the entry point (buy or sell) and the exit point in a way that minimizes your risk.
But, multiple indicators very often give us conflicting signals. While one indicator is telling us to buy, the other two are telling us to sell shorts and often, we end up doing nothing because we are confused.
However, Price Action is the basis of ALL indicators anyway and all indicators are created from Price Action. Because they are derived from price action, they will, by default, always lag behind the actual action of the price itself. So, using straight naked Price Action (without any trading indicators) will also prevent lagging signals, thus allowing you to enter the markets faster on ALL time frames and on any tradeable instruments with a much higher probability of success. Thus, we can use Price Action on stocks, currencies (Forex), futures like the e-minis and also commodity futures (like Gold, Crude Oil etc.) and cryptocurrencies like Bitcoin and others.
Moreover, these patterns are incredibly easy to identify on any chart and on any timeframe. These are also high probability signals and have been used by very successful traders over the last 50 years. This is a proven way to build wealth in any market.
This book provides you with a complete trading system including the entry point (buy or sell) and the exit point in a way that minimizes your risk.
