Hey Guys!
Just wanted to put up a quick Price Action Lesson on How to Read Price.
I demonstrate this foundational element of reading price with a current eurjpy short trade I'm currently in.
The Key point of the lesson is simply: Directional movement of price is irrelevant when it comes to reading price. What's important is "How Price Gets from Point A to Point B".
So even if price moves up, if there is no signs of strength in the same direction, that move up will be unsustainable.
Moreover, this foundational way of looking at price movement is what allows a trader to always be one step ahead of the market and thus not chase the market.
Ok! I hope this helps guys!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
Just wanted to put up a quick Price Action Lesson on How to Read Price.
I demonstrate this foundational element of reading price with a current eurjpy short trade I'm currently in.
The Key point of the lesson is simply: Directional movement of price is irrelevant when it comes to reading price. What's important is "How Price Gets from Point A to Point B".
So even if price moves up, if there is no signs of strength in the same direction, that move up will be unsustainable.
Moreover, this foundational way of looking at price movement is what allows a trader to always be one step ahead of the market and thus not chase the market.
Ok! I hope this helps guys!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.