Candlestick Trading 30 minute strategy video
Hello Mr. Long Hang Seng,
Thank you very much for your 30 minute strategy video.
Can you please record the video without the background music.
I’m not able to understand what you are saying in the video.
It makes it very difficult to understand your strategy, sorry.
Please caption on under YouTube Video.
Simple Tricks of Price Action Trading
Price action trading is one of the favorite trading options for the regular traders.
Price action trading deals with the price movement of the market and indicates through past prices trends.
Here are four simple ways that beginners can use to become better at reading, reacting, and analyzing price action.
Following the trends of the market is one of the best ways to get more information about price action trends.
Beginners need to know more, so they should try to follow the ups and downs of the markets and the trends.
The more traders know from the market, the more they can use this information to make the right trading move.
One of the first pillars of technical analysis is focusing on the trend.
The trends can predict many important things about the market.
The price action trader will use setups to determine entries and exits for positions.
Each setup has its optimal entry point.
Some traders also use price action signals to exit, simply entering at one setup and then exiting the whole position on the appearance of a negative setup.
Alternatively, the trader might simply exit instead at a profit target of a specific cash amount or at a predetermined level of loss.
This style of exit is often based on the previous support and resistance levels of the chart.
A more experienced trader will have their own well-defined entry and exit criteria, built from experience.
An experienced price action trader will be well trained at spotting multiple bars, patterns, formations and setups during real-time market observation.
The trader will have a subjective opinion on the strength of each of these and how strong a setup they can build them into.
A simple setup on its own is rarely enough to signal a trade.
There should be several favorable bars, patterns, formations and setups in combination, along with a clear absence of opposing signals.