One of the biggest issues I see with new traders is an inability to be patient while navigating the day trading learning curve. Most think that they can study our price action manual for a few weeks, then start trading and make money right away. This is simply not the case for 95% of all
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We are often asked why we take counter trend trades when our price action trading rules warn against counter trend trading. While this answer is fairly straight forward, we think it will help to better explain our thinking and why we warn against taking counter trend trades. There are actually a few occasions where a
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In this post we are going to discuss how we set up our trades to manage themselves automatically with the use of automated strategies and why you should use automated strategies with your price action trading as well. There are several benefits to using an automated strategy, and we will try and discuss what we
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If you have studied the price action tendencies at the open of any market for a consistent period of time, you should be well aware of the fact that there is a regular tendency or bias that occurs often. This is common knowledge for most experienced day traders, but a single questions still remains. Is
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My goal today is to show you how I evaluate my price action trading chart at the start of each trading day. This is a very important step and many price action students simply do not understand how important this part of your trading day is really, so hopefully this post will help you to
If you are even slightly interested in day trading or investing, then it is almost certain that you have heard the term “buy low and sell high,” but what does this really mean? Also, how does price action trading relate to buy low and sell high strategies? Are they one and the same or is
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It happened again on Wednesday when an automated stock trading algorithm flooded the market with millions of trades instantaneously, creating some large and exaggerated moves in several stocks, and thus also affecting the futures indexes to some degree as well. With the flash crash that occurred on May 6, 2010, many traders are starting to
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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Can you use price action to scalp the ES? There are many styles to trading, and we believe that each trader’s style of trading should be based on their own personality, which will be dominated by the emotional and mental aspects that trading has on their overall psyche. Many people think that scalping is dead,
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
Commodites Can Affect The Price Action Of the Stock Indexes Read More »