CFD Australia 200 Candlestick
There are black white pattern in the Australia index
what is black white pattern?
black white after price go down
black white price go down
Price action trading and intuition
Everything you need to know about where prices are headed can be found directly in the price action.
Unfortunately most people will never get to that point, as most traders are looking for, the easy way out.
They try to find trading systems that solely rely on lagging indicators.
They would rather let the indicators make their trading decisions for them.
However, when it comes to this trading technique, it involves more intuitive thinking.
Price action strategies don’t rely on stochastic crosses, price divergence on oscillators like an MACD.
If traders learn to read and understand the language of price action, there is no need for fancy indicators.
They will soon learn to trade profitably using nothing more than a single, uncluttered chart.
It is the kind of trading strategy that requires knowledge of support and resistance lines, breakout points, and most importantly repeated patterns in price.
Instead of using indicators to base trading decisions on, traders become the indicator.
The only difference is that it takes some time to get used to this style as 99% of traders are used to covering their charts with needless indicators.
They don’t need a fancy trading station with stacks of monitors, nor do they need any expensive and over used indicators that will simply confuse them.
With price action trading, all traders need is a single chart, a simple moving average and a few trend lines.
Anything more than this and you will only make trading more difficult.
Using this type of trading method as your main trading tool will clean up traders’ charts and remove the clutter that normally creates confusion and indecision for traders.
Basing on trades on price action aids traders in finding reliable reasons to enter a trade, while also giving them clear and precise trading information.