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Price action trading is a technique based
on historical prices (open, high, low, and close) to help traders make
effective trading decisions. Every technical trader who makes his decisions based on price charts
and technical analysis without using indicators called price action. Simply
price action means your trading decisions behalf on the price movements of an asset.
·
Price action is a method of
trading which allows a trader to read the market behavior, momentum and make
trading decisions behalf on the recent and actual price movements.
·
In price action trading
no lagging indicators outside of maybe a couple moving averages to help identify
Support & Resistance areas and
trend.
·
Price
action help in the analysis of the basic movement of the price and generate
signals of entry and exit in trades.
·
Price
action is a form of technical analysis and it ignores the fundamental factors of
an asserts.
·
Price
action trader focus on the size, shape, position, growth, and volume of the bars
on the candlestick chart.
· Price action simply the combination of candlesticks chart patterns, technical analysis such as Moving Average, Trend Line or Trading Ranges.
Sajan Kumar
Trader, Equity Advisor
IFM TRADING ACADEMY