Mastering in 3 Positive Price Action Trading Strategies

Price action trading strategies kind of Technical Analysis that focus on making decisions based on the price movements of an asset, without relying heavily on indicators. Here are some popular price action trading strategies:

1. Support and Resistance Levels with Price action trading strategies.

   • Support: A price level where a downtrend can be expected to pause due to a concentration of demand and in this course of price action trading strategies you will learn how to find out Support for buying trade.
   • Resistance: A price level where an uptrend can be expected to pause due to a concentration of supply.
   • Strategy: Buy at support levels and sell at resistance levels but without knowing you will lose all of your assets and you must learn forex trading before doing it otherwise no one safe you from this dangerous market.

2. Trendlines and Channels:

   • Trendlines: Lines drawn to connect consecutive highs (downtrend) or lows (uptrend).
   • Channels: Parallel lines drawn around the trendline to form a channel.
   • Strategy: Trade within the channel, buying at the lower trendline and selling at the upper trendline but how ??  you must learn in this price action trading strategies course.

1. Candlestick Patterns:

   • Pin Bar: A candlestick with a small body and a long wick, indicating a potential reversal and again check to to trade with pin Bar in course of price action trading strategies.
   • Engulfing Pattern: A larger candlestick that engulfs the previous one, indicating a reversal and you must know how to candle engulfing previous candle and indicating a reversal trend in market.
   • Strategy: Trade based on the signals given by these patterns.

2. Breakout Trading:

   • Breakout: When the price moves outside a defined support or resistance level.
   • Strategy: Enter a trade in the direction of the breakout, with a stop loss just outside the breakout level and sometime breakout level become fake and false directions towards breakout and move opposite of breakout so you will learn how to understand such action this course of  price action trading strategies course.

3. Reversal Patterns:

   • Head and Shoulders: A reversal pattern indicating a change in trend direction from upward to downward or if there there is inverted Head and Shoulders then it move to downward to upward.
   • Double Tops and Bottoms: Patterns indicating that the price has hit a level it cannot break and will reverse.
   • Strategy: Trade in the direction of the reversal indicated by these patterns.

4. Inside Bars:

   • Inside Bar: A bar that is completely within the range of the previous bar.
   • Strategy: Trade the breakout from the inside bar, entering in the direction of the breakout.

5. Fibonacci Retracement Levels:

   • Fibonacci Levels: Key levels derived from the Fibonacci sequence used to identify potential reversal levels.
   • Strategy: Buy at Fibonacci retracement levels during an uptrend and sell during a downtrend but keep in mind that you must know this in course.

6. Price Action Scalping:

   • Scalping: Making small, quick trades to capture small price movements.
   • Strategy: Use very short time frames (e.g., 1-minute or 5-minute charts) to enter and exit trades quickly based on price action.

7. Price Action Trend Trading:

   • Trend Trading: Trading in the direction of the prevailing trend.
   • Strategy: Enter trades in the direction of the trend when price action confirms the continuation of the trend.

8. False Breakout (Fakey) Patterns:

   • False Breakout: When the price briefly breaks through a level but then reverses direction.
   • Strategy: Enter a trade in the opposite direction of the breakout when a false breakout is identified.

Key Concepts to Remember:

• Patience and Discipline: Wait for clear signals before entering trades.
• Risk Management: Always use stop losses to protect against large losses.
• Market Context: Understand the broader market context and avoid trading against the prevailing trend.