Today we are going to discuss how two legged corrections are used in price action trading. Â These corrections or pull backs in a trending market are just that, a temporary correction in a market that is trending. Â This single pattern or set up is one of the most reliable trading patterns that we use in
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Today I am going to talk about how we use price action to identify our key entry points when day trading. Â What most novice traders do when day trading is that they fail to understand the need for patience. Â Instead of waiting for the proper set ups and for prices to reach our key entry
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I am going to show you a secret today that will simplify your ability to use price action trading strategies in day trading the ES or any other market for that matter. What most traders fail to recognize is that you can actually simplify price action day trading strategies by using trend lines. I’m sure
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I get a lot of traders that ask me how our trading strategies do in back testing, so I thought I would write an article that discusses back testing results on price action trading strategies. My thoughts on back testing may be different than what you have heard in the past, but I’m fairly adamant
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Are you curious as to why most day traders lose money? Most traders lose money because they don’t truly know how to day trade or even how to read a price chart, but after losing money in the early stages, why do they continue to donate their hard earned money to the markets day after
I got a comment yesterday on one of our YouTube videos indicating that our chart lesson was “boring.” Â With only two entries during a 45 minute span, I would have to agree that it was indeed some very boring price action when it comes to the ES. Â Many people continue to ask: Why is the
Many people believe that all successful day traders are extremely wealthy, and while most do very well, not all day traders live the life style that one might think or expect. Â For those that are curious, I am going to try and answer the question of how much money can a price action day trader
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Have you ever wondered why it is so difficult to become a day trader and why so many day traders fail at achieving success in this business? Â Today I am going to share with you a completely open and honest account of what it takes to become a price action day trader, or any type
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I am asked a lot of questions about day trading, but the one question I get more than any revolves around the thought process of why I became a price action day trader. In this article I will specifically address my choice of why I wanted to become a day trader. I’ll follow up with
When trading any market, particularly the ES, we prefer to use tick charts over time based charts. Â For this reason, we want to share with you the facts about tick charts and how they help improve price action trading results. Â The most important reason we prefer tick charts is because they allows us another window
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