Many of aspirants constantly ask me about my Price Action Strategy. Read this post till the end to know it in a nutshell:
1. Search for a moving market, in the best case a starting trend! Avoid markets with no movement and avoid sideway markets for the beginning! Always trade in trend direction. In this video I trade against the trend, but I recommend to only trade in trend direction for the beginnin. Read more about how to choose the best market here:
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2. Draw trendlines and the fibonacci retracement to determine good entry levels. Also keep the bigger picture in mind! Ensure to trade in trend direction and better enter a trade a bit to late with this strategy.
3. When a line is touched by the price, take a look at the RSI and Stochastic! The stochastic and the RSI should be in the oppsite extreme in relation to the trend.
4. Wait for a cross in the stochastic to enter the trade.
Watch this video till the end and don’t forget to subscribe to my Channel.
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