In the beginning I would like to ask you to analyse clean chart.
We do it using Price Action method. What is it? We try to organize data about past with tools like:
- Price Action patterns (pin bar, doji, engulfing bar etc.)
- Support and resistance levels
- Space between important levels
We resign from trend lines, moving averages, volume, indicators, oscillators etc. It is the effect of used method.
Then I want to get an answer to this question: do you see price cation on the screen to open position? If so – you know what to do. Another slides show further price behaviour and you can verify your position.
It can happen that you will assume that there is no signal. In this case you should anticipate. How does this work? If there is no signal to open position we can set conditions which price has to do to open position. Remember that it works both for longs and shorts. Rest of information you will find in the video.
Remember that training is really important, so let’s train together to know Price Action better.