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.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.