Status update!
Trading on my price action strategy is related to analyzing who is currently controlling the price — bulls or bears.
If my analysis shows that the market is under the control of bulls, i can buy. If the market is controlled by bears, I need to sell. How can i understand who controls the market now? To do this, I use two components of the price action:
1.Support and resistance levels
2.Candlestick analysis.
These two methods form the basis of my price action trading strategy. In fact, these are the only methods I use to find trading opportunities.
Also in my trading strategy:
There are no indicators.
There are no complicated techniques to find the entry point.
Stress is minimized.
The price action trading system works in all market conditions. During periods of low and high volatility, during periods of consolidation and trends, it can always bring you profit.
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