Balaji As a trader,speculator and Investor- Balaji have more than a decade of experience trading commodities, stocks and Fixed income securities including as a senior trader with Vexes capital.He also mentors or teaches investors, traders about Financial markets and provide professional training for individuals combining Institutional experience with a technical grasp of seizing market opportunity. Since leaving the Vexes capital and Newyork city,Balaji has been working as Trading coach along with presenting seminars and writing for a number of publications.

Winning with Price Action Strategy

2 min read

We know the famous statement,95% of retail traders are losers and I don’t know if this is true! because there is no clear evidence or statistics about that.But regardless,the question you must be asking yourself is “What are those 5% of traders doing that set them aside from the losers”..The internet is filled with clever marketers that know how to target those emotions of yours in fancy sales pages.They promise you the world and build up your hopes high, only to disappoint you with a crappy low quality product that doesn’t work. StockBrokers,Financial Advisors,Basic Technical courses all fits into this category.If you ever managed to step aside and thought this,I appreciate your awareness.

The Most simple fact with any analysis whether it is fundamental or Technical is that we are tying to make money by anticipating the Future market Movements.Technical analysis looks at this by using lagging indicators and chart patterns.Fundamental analysis uses all those fancy balance sheets,statements etc. As long as a trader is profitable with these techniques its absolutely fine.But the darker truth is anyone I came across in my corporate circles or any successful traders, I spoke with never uses any of these fancy conventional stuffs.Again,I am not criticising anyone who is successful,Using conventional techniques.If you’re not able to profit from using these sources,Then it’s time to reconsider your methods and look at the other side of the picture

Let’s talk more about price action based trading and how you as a professional trader can really start to turn your trading around by making the switch to price action.

Price Action keeps trading simple
When you’ve got a chart filled with indicators , Fibonacci retracement levels drawn out everywhere, and pivot points all over the screen you may think you’re doing yourself a favour by taking on some ‘advanced analysis’, but all you’re doing is shooting yourself in the foot.

Confused Indicators

 
This type of complicated technical over analysing of the charts will burn out a trader’s stamina quickly, induce stress and eventually cause the trader to start making emotional mistakes. We all know as traders that there is no place for emotions in the trading profession, so the best thing to do is create an environment that is free of stress inducing factors.

This is where price action comes in.

Price action simple

When you’re working with just the candlestick chart you will actually start to see what is really going on in the market. It brings out the clarity and all of a sudden using simple analysis you are able to make more confident trading decision and lose less sleep at night.

We prefer the larger timeframes such as the daily timeframe, as we find them to be more reliable. There is more price action data within a daily candle than say a 15 min candle. This means the signals that form on the daily chart are more reliable and have a greater chance of working out than signals that form on the lower time-frames.Using higher time frames, you won’t have to be tied up in front of the charts for hours waiting for an intraday trade signal. Trading the daily charts is a nice relaxing way to make money from the markets, and you can even trade daily charts and keep your day job while you build up your trading capital.

You don’t need a degree in physics or be an economics master to trade with price action, that’s the beauty of it. Price action trading strategies can be learned by anyone.
Once you clean up those charts and make the switch to price action, you are never going to look back. You’ll wish you discovered price action trading a long time ago.

Cheers to your trading future!

Balaji As a trader,speculator and Investor- Balaji have more than a decade of experience trading commodities, stocks and Fixed income securities including as a senior trader with Vexes capital.He also mentors or teaches investors, traders about Financial markets and provide professional training for individuals combining Institutional experience with a technical grasp of seizing market opportunity. Since leaving the Vexes capital and Newyork city,Balaji has been working as Trading coach along with presenting seminars and writing for a number of publications.

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9 Replies to “Winning with Price Action Strategy”

  1. Hi!
    This is Hrushikesh from Ahmedabad.

    I m interested in learning purely price action strategies applicable to Nifty Future and option market.
    I am having basic knowledge only.

    Kindly mail me the detail.
    Is it possible to take online classes.If yes,will it provide the same benefit as compared to off line?
    Plz reply ASAP.
    Thanx.

  2. Very good information . I want more details on this subject and training materials and courses.

    Thanks

    Rajesh

  3. hi,

    i want to learn market strategies in futures and options. pls let me know about details.

    warm regards
    venkatesh

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