Let me tell you all that I realize the truth about price action and its amazement after losing my valuable time, money and frustration in my starting days of my trading career.
But as we know that even after failure we learn a lesson from it , in the same way I learned the good lesson about how to trade.
I realized that trading can be done purely with the help of price or price action of the market and not with the help of any types of indicators.
Because it’s always that price moves first and then indicators just follow it due to which sometimes indicators movement get delayed causing an individual to trade wrongly.
So to trade with the help of natural movements of the price in the market is much better, comfortable and easy to trade comparing with that to indicators or others advice.
The different in my way of trading is because I have spent my large amount of time in analyzing the market and its patterns or designs for trading.
Trading is a process which has many different types of method , that are little bit changed according to person in order to get developed its own method.
The market is constantly changing every second , so it completely depends on an individual’s mind how to understand , so the best method to understand the market is with the help of price action.
Why to trade with price action.
The price action is a very fast moving market which continuously changes its price constantly due to which variations in the price patterns are observed greatly in this market which provides a great opportunity to a trader to trade effectively.
It also boosts goods trend in the market which are some of the advantages of price action trading.
In price action you need to just focus on 2-3 setups where you find that , your trading strategy works properly and has given you profit again and again in the trades.
So accordingly in need to identify your strategy , which works effectively in the market and just become a master in using that, then you can become a successful price action trader.
Another mistake which most of the traders make is that , they jump from one strategy to another due to which they themselves are confused about the market and it’s basic and thus can’t trade properly.
Why to trade price action without using indicators.
The number of indicators in the price action chart is not going to give you any profit because it’s not that the more indicators more profits , it just complicate the charts.
The another important thing I would say you need to fix in your mind is that never ever use indicators because from my point of view indicators are highly problematic in trading.
The indicators just make price action charts more and more confusing, does not give a clear idea of trading. The price moves first and indicators are later comers, as they just follow the price lagging behind in showing the actual position of the price.
Due to which misconception is created in the traders mind regarding trading , what he thinks about market position according to indicator , that market has already finished and move ahead from that.
So if according to it if trader trades then the trade goes opposite to the traders move causing a great loss to the trader.
The another drawback of using indicators is that , it gives a buying and selling signals after crossing a line and does not think on the things , which a trader must think before trading.
So traders must only focus on clean price action charts without any indicators. Learning only with price action will make you a successful price action trader.
Lastly learning of price action is not dependent on any of the price action strategy or system used in trading , it simply depends on knowing how to interpret the markets moves according to its past moves.
The movements of indicator based trading method or any software dependent trading method are purely dependent on price action movements only.
So it’s better to know and study about price action movements itself instead of depending on any kind of systems.
I am not saying that you will be able to understand the market at one shot itself because I know that’s not possible at all , you need to invest your few daily hours in understanding the market.
So once when you will completely understand and start applying and see the results then you will wonder that it’s really easy and why did I wasted my time looking for indicators.
So if you want really understand the market and want to know how to interpret it in detail you can join my price action course.
Learn Jayant’s LIFE CHANGING PRICE ACTION TRADING COURSE and find HIGH Probability trade setups in COMMODITY , NIFTY , BANKNIFTY and CURRENCY . Check Jayant’s PRICE ACTION COURSE . Take your Trading to the NEXT LEVEL using PRICE ACTION STRATEGY.