How to trade the market states?
I was asked a question how to trade the market states from discretionary perspective. This turned out to be a very complex question. Every school of technical analysis (or price action) incorporates some kind of market state detection method. The basic market state classification comes from Cur...Tags: technical analysis, market state, price action
4237 days ago
Price action and technical indicators
The price bar is an indicator, it is wrong to separate the price bars from the indicators. A price bar is sampling the market action in a time period and is indicating:Open,High,Low,Close. This is an indicator per se. The Japanese candle sticks offer particularly goo...Tags: price action, analysis, technical analysis
4319 days ago
Tags: price action, analysis, technical analysis
4345 days ago
Price patterns detected by the PRS
Here I would share the pattern detected by the PRS and the trades I would do based on them. This is not real trading because I am evaluating the software. The hypothesis is that it can be a valuable tool for the pattern trader not in the sense that it will replave the discretionary analysis but...Tags: PRS, Pattern Recognition Scanner, Autochartist, pattern trading, price action
4701 days ago
Reading Price Charts Bar by Bar by Al Brooks: Forex course on price action?
What is the best forex course on price action? In this blog post I would like to mention the work of another important author regarding the price action trading. Its name is Al Brooks and the book is Reading Price Charts Bar by Bar by Al Brooks (Reading Price Charts Bar By Bar...Tags: forex course, forex trading, price action, book, forex price action course
4703 days ago
Traders Trick Entry by Joe Ross
This is the continuation of the Law ofthe Charts. Basically this is one of the best methodologies for price action analysis. The approach of Joe Ross can be historically tested because it offers more precision than any onther chart pattern method. It is funny that there are some softwares ...Tags: price action
4762 days ago
The law of the charts and the Trade risk
От 21 октомври 2011 От 21 октомври 2011 J.R. has a special course for only Forex (Day Trading Forex). It looks like for Forex he uses somewhat different rules. I agree with his idea to trade only the most volatile moments of the day. And it is very int...Tags: price action
4797 days ago
The Law of the charts and the market state analysis
I made my picture of the law of the charts. It is not very beautiful but I will use it, because the market is giving text books examples only occasionally. Here I notice the entry places according to the Law of the Charts. When I read for the first time I ...Tags: law of the charts, price action, market state analysis
4802 days ago
Tags: law of the charts, price action
4350 days ago