From a layman’s perspective, Price action may seem like an indirect strategy without boundaries or proper steps. This is due to the fact, Price action is a methodological mindset and relies on trader’s intuitive analysis, instead of Lagging indicators and their useless signals. Price action trader is a master in chart reading. But for beginners, […]
Simplifying Price Action Analysis Step by Step Read More »
All right, its time to tackle some important questions and controversies. Do cycles exist in financial markets? Even if they exist, can we trade them profitably? Perhaps it’s often debated only on first scale and completely ignored on second scale basis. Let me take a dip into the topic and some insights alongside. Do cycles
WHY CYCLICAL TECHNIQUES SUCH AS ELLIOT WAVES ARE USELESS? Read More »
As most of us know There are TWO TYPES of trading: 1.Discretionary trading 2.Systematic Trading As with every field in finance there is a large amount of misconception about discretionary trading, which is highly profitable and led some to believe such a type of trading is purely subjective-No! People have misunderstood the concept and definition
Discretionary Trading vs Systematic Trading – Which is Best ? Read More »
Today let me stir a bit on Chart patterns and why the so-called “Chart Patterns” are useless to make money. Before doing so I would like to warn the average reader that chart patterns are useful only if you’re making money out of it or else throw them away.. Actual evidence is against trading chart
Why Chart Patterns are not profitable to trade ? Read More »
My clients frequently question me-“Hey do you use any indicator”? Most probably my reply will be no-because majority of you guys know, I am a pure Price action trader! But certain time, I feel that there is some credit to the conventional methods and Indicators. I use some with clear statistical evidence. One of them
Bollinger Band and Price action Trading strategy Read More »