How Price Action Trading Tapped The Euro Futures
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Transcript of How Price Action Trading Tapped The Euro Futures
How much do you really know
about price action trading?
Price action traders
analyze price movements
to decipher the probability
of one thing happening
over another.
PRICE IS WHERE
IT ALL STARTS.
6E
Jan 8 2016 – NFP
Volatility
Measured move
target reached
Target
Projection
Nothing solid to
base a trade on
Several trading
strategies in one
Heavy hits
Acts as support & resistance
Keep in mind that multiple hits don’t equal
strength but quite the opposite especially
with horizontal lines.
When you find zones that are used for
both support and resistance, that is a
zone you want to take notice of.
Look inside the extremes
Resolution
Symmetry on next pullback?
Symmetry overlay
Initial support line
Push the button
Keep in mind what you are trading into.
Previous range.
May or may not be significant.
Confluence of target factors
Price stalls. Finds support
Price action and structure are
not the holy grail that many
marketers say they are.
Price action will not tell
you what will happen next.
Using a trading indicator
does not discount price
action trading.
Support and resistance
(potential) are also used in
addition to price action as
reaction points in the
market.
There is always a distance
between understanding
and execution.
YOUR NEXT STEP
How does price react?
Can you spot recurring patterns?
I will admit that this takes a
lot of time to learn and
implement.