- Strategy Details
- Chart Patterns
- Channel Breakouts
- Tick Charts
- Market Profile
Welcome! Are you excited about trading naked?…not literally, I am referring to trading without indicators. This strategy is your first step in learning how to trade without indicators and develop skills that you can apply in any market, not just Forex.
My aim is to show you a simpler picture of the market, a picture that doesn’t have magical indicators and hidden secrets. Almost every trader starts his/her journey in pretty much the same way; we all learn to setup basic charts, then we move on to drawing Support and Resistance lines; all the good stuff. Then as soon as we are introduced to first indicator, we get hooked, literally. All we see after that is a new indicator which will magically predict the market for us. When one indicator fails we then move on to a new one, hoping this one will show us the path to the bank. Guess what !
After trying few indicators on their own , we start to think may be one indicator is not enough. Let’s try two or maybe even three. The more the merrier, right !
Traders who are keen on mathematics behind the indicators go to the next level of writing codes and create elaborate back testing models and look for that one perfect indicator’s setting that will reduce the drawdown, increase the win ratio and create a perfect rising equity curve. Both time and effort goes down to chasing a phantom successful strategy.
The goal of the this Price Action strategy is to show and teach you in how one can trade successfully without indicators; and also why the things we learned in the first month of our trading career was all we ever needed.
Let me clear this right from the beginning, reading all this alone is not going to make you successful. Your discipline and participation will be the key to your success. Needless to say, the more you practice the better you will become.
Without further ado, I introduce to you Price Action Strategy.
No TIME!! That was always my problem. This Trade Copier has been long time coming, glad it is finally here.
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