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INDICATOR BASED TRADING

VS

PRICE ACTION BASED TRADING

INDICATOR BASED TRADING IS SUCH A TRADING TECHNIQUE IN WHICH A TRADER MAKE DECISION BASED ON INDICATORS INSTEAD OF ACTUAL PRICE BEHAVIOR.

PRICE ACTION TRADING IS ONE OF THE MOST EFFECTIVE AND WELL-KNOWN TRADING TECHNIQUE IN WHICH A TRADER MAKE DECISION BASED ON THE MARKET PRICE BEHAVIOUR INSTEAD OF DEPENDING ON INDICATORS.

INDICATORS ARE LAGGING METHOD BUT PRICE ACTION IS A SIMPLE AND LEADING METHOD. PRICE ACTION KEEPS YOU ON THE RIGHT TRACK AND PREVENTS YOU FROM FEELING LOST.

INDICATOR CHARTS ARE MESSY AND DAUNTING APPROACH BUT PRICE ACTION LOOKS SIMPLE, CLEAN,  AND ACCURATE.

INDICATORS CAN DRAW LINES ON YOUR CHART, CREATE GRAPHS, AND EVEN PLACE MARKERS ON THE SCREEN TELLING YOU WHEN TO BUY AND SELL. THIS ALL SOUNDS GREAT, BUT UNFORTUNATELY, THESE INDICATORS WON’T LIVE UP TO YOUR EXPECTATIONS. PRICE ACTION IS A HIGH-ACCURACY TRADING TECHNIQUE WHICH TELLS YOU WHAT THE MARKET IS DOING CURRENTLY.

INDICATOR BASED TRADERS WILL ONLY ANALYZE THE PAST MARKET MOVEMENTS TO FIND OUT WHERE THE MARKET IS HEADING NEXT. PRICE ACTION BASED TRADERS ANALYZE THE CURRENT MARKET PRICE LIKE WHAT’S HAPPENING IN THE PRESENT BY COMBINING WHAT HAPPENED IN THE PAST TO PREDICT THE FUTURE PARTICULAR DIRECTION THE MARKET IS LIKELY TO MOVE IN.

INDICATORS GIVE LATE SIGN OR WE CAN SAY WE GET THE SIGNAL AT THE POINT OF SATURATION WHEN MARKET WOULD HAVE ALREADY REVERSED THAT’S WHY PRICE ACTION CALLED AS A LEADING INDICATOR. PRICE ACTION BASED TRADERS CAN CATCH EARLY REVERSALS USING RECENT PRICE BEHAVIOR.

INDICATORS FOLLOW PRICE IT REDUCES ACCURACY, PRICE IS SUPREME. PRICE MAKES INDICATORS BUT INDICATORS DON’T MAKE UP PRICE.

IF YOU WANT TO BECOME A GREAT PRICE ACTION TRADER, A CLEAN CHART IS A MUST. OTHERWISE, YOU’LL END UP SPENDING YOUR TIME SIFTING THROUGH USELESS TECHNICAL INDICATORS RATHER THAN LEARNING TO READ THE ACTIVITY ON YOUR CHART MASTER ONE OR TWO PRICE ACTION STRATEGIES AT A TIME. INCORPORATE INDICATORS IF YOU’D LIKE, BUT REMEMBER THAT PRICE ACTION IS ALL YOU NEED TO BECOME CONSISTENTLY PROFITABLE.

WANT TO LEARN HOW TO READ THE PRICE ACTION ON YOUR CHARTS?

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