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Simplified Price Action Trading
Price is the only truth in the stock market. Every indicator is a derivative of the price. Hence price action trading is one of the most precise and accurate trading methods adopted by traders worldwide. Institutions never see charts to take positions. They create the charts. Retailers follow those charts. However, price leaves a lot of traces during its journey. If you can understand those critical levels, you can have precise entry and exits.
We do not believe in indicators. Most of the moving average / RSI based strategies don’t work. We can prove it wrong with a simple program which can do a quick 1000 trades trial backtest. They only work in trending markets and fail miserably in sideways markets.
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Topics covered in Simplified Price Action
Introduction to Price Action
Support, Resistance, SR Flip & Supply & Demand Theory
Steve Nison Candlesticks Theory
The Price action zones
Trend lines and rules
Enhance the winning chances
Detailed PA trading process
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