Window open gaps force downside price action
I think that it’s too unstable to trade now
Sent from my iPhone
Don’t be afraid
break #1 candlestick then price go down
#2 window open gaps force downside price action
Price action trading tips
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.
Since the disappearance of most pit-based financial exchanges, the financial markets have become anonymous.
This means the buyers do not meet sellers.
Thus the feasibility of verifying any proposed explanation for the other market participants’ actions during the occurrence of
a particular price action pattern is tiny.
Also, price action analysis can be subject to survivorship bias for failed traders who do not gain visibility.
The implementation of price action analysis is difficult and requires the gaining of experience under live market conditions.
There is every reason to assume that the percentage of price action speculators who fail, give up or lose their trading capital will be similar to
the percentage failure rate across all.
Some experts dismiss the financial success of individuals using technical analysis such as price action.
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.
The more traders know from the market, the more they can use this information to make the right trading move.
There should be several favorable bars, patterns, formations and setups in combination, along with a clear absence of opposing signals.