This is another guest post by Big Swiss! I would have to say I totally agree with the first quote below. I’m too humble to ever say something like that, but there are times I have wanted to. Enjoy! For those who have learned how to be consistent, the money is not only within their […]
Recently I seem to be getting the same question often, and while I have heard it previously from time to time over the years, it seems the question is coming more often in recent weeks. I am not sure why, but I can only assume that it must be a hot topic on some forum
One of the main reasons most traders lose money when day trading is because they are constantly trading against the trend, or counter trend trading. You have probably heard it many times, that the trend is your friend, but what does this really mean? Today we are going to discuss how to reliably predict trend
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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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You can actually limit trading mistakes with price action trading strategies if you are disciplined enough to follow the rules properly. The reason this is possible is because if you are following the price action, then you are not trying to pick tops and bottoms, and instead, you are waiting on the proper set ups
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The first thing a trader must do each day before entering a trade is to determine the type of day it is and what is happening with the current price action in that market at the moment. Understanding how the type of day affects the way you read the price action is important. When I
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While most day traders have heard about price action trading, most don’t really understand the full meaning of the term. Many people think that price action trading involves watching for certain chart patterns only, but that is far from the truth. While we are interested in certain chart patterns, we do follow a list of
One of the keys to becoming a profitable trader is to learn how to find resting orders when trading price action strategies. Knowing where to find large number of resting orders will give you a huge advantage over those traders that do not understand price action and where to find resting orders. Learning how to
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The article is going to discuss how we use an EMA in our price action trading strategies. When using price action strategies, our objective is to follow prices as they print to our trading chart and then to enter trades based on what the price action is telling us, versus what some indicator or other
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Occasionally I will get an email asking if a trader can use price action trading strategies to trade futures options. The answer is obviously yes, as you can definitely use price action trading strategies to trade futures options. In fact, you can use price action trading strategies to chart and trade any market, and it
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