The average daily volume for the stock indexes continues to be extremely low, and this low volume continues to plague day trading efforts if you don’t understand how to properly read a price chart. The average daily volume for stocks in August is the lowest since 2007, so we are seeing a five year low […]
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We have talked about how markets are often correlated and how you can use one market to possibly help judge the direction of a different market in previous articles, but today we want to take this idea one step further. We are often asked if the price action in one market can provide clues to
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Today’s electronic trading is dominated by what we now know as High Frequency Trading. We know this computerized order entry technique has changed the day trading landscape, but does high frequency trading really affect the price action for day traders? For simplicity, we will call our high frequency trading “HFT” for short during the rest
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The markets have been very choppy and ranging quite a bit lately as they slowly move higher, but along with the choppy ranges have also been short bursts of price movement that has been very bullish or very bearish, so what is the cause of the short bursts of price action in the indexes? These
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Is market sentiment more important than the price action, or is price action king? We have studied and pondered this quite a bit ourselves, and we think the answer might surprise you, particularly if you are not price action trading already. Our guess is that if you are not a price action trader, your trading
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While we want to start off by making it abundantly clear that you should not enter trades based solely off of these facts, it is important that you understand that commodities can affect the price action of the stock indexes. While this may seem impossible or strange to someone that is not familiar with how
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While we tend to be a bit prejudiced about our thoughts on price action trading, we still try and keep an open mind as to how others are using price action in their day trading. Following that line of thinking, here is another traders introduction to price action analysis. It’s doubtful you will get
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Have you ever considered day trading crude oil with price action? If not, then you are missing out on one of the best trading techniques around, but more than that, you are missing out on a market that moves extremely well when it is trending. Today crude oil jumped more than $7.00 and had the
If you follow us here at price action trading system, then it should be no secret to you as to how we suggest you trade, and that’s with high probability price action trading patterns. It’s true that you can use price action to improve your Forex trading results. The problem with most traders is that
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As a trader that believes in trading price action only, I am often asked if you can use price action to trade gold and silver, and the answer is emphatically a yes! Anyone that is consistently making money as a day trader is more than likely able to read a chart and understand what prices
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