What is your Trading Strategy?

[m0mo~]

avoid trend changing situation..
there is certain point when i am trying to follow the trend it is already trend changing situation..so i am losing big here

 

[Luke Hansen]

Price Action trading Strategy

Price action trading strategy is one of the widely used trading strategies in the forex market. In this strategy, traders give focus on recent and actual price movements available in the forex market. However the name “price action” is telling many features of it. Traders try to analyze the changes in the present price in order to predict the future price and thereby they are trying to read the market and give their confirmation of trading currency pairs from the price information.

 

[forexfactory]

Price action is a very simple and yet technical trading method to use. The best way to use this method is to have a clean price chart. Your chart must be clean and free from lagging indicators. Indicators bring more variables and this will create too much noise and distract you from seeing the real prices. A clean chart without indicators is the best way to trade with Price Action.

 

[abu85]

Trading with price action can be as simple or as complicated as you make it.

 

[Electric Rainbow]

In simple terms and from a trader’s perspective, price action refers to any change in prices, that is viewed on any type of price chart and on any time frame.

 

[Frigo]

Of course, any respectful trader should track the price on the market. It's a key factor in selling and buying.

 

[Josesv]

Is the discipline of making all of your trading decisions from a stripped down or “naked” price chart. This means no lagging indicators outside of maybe a couple moving averages to help identify dynamic support and resistance areas and trend. All financial markets generate data about the movement of the price of a market over varying periods of time; this data is displayed on price charts. Price charts reflect the beliefs and actions of all participants (human or computer) trading a market during a specified period of time

 

[Luke Hansen]

Trading is somehow becoming trickier than ever before. We can’t ignore the riskiness of forex market while adopting and designing our trading action plans here. due to volatile market nature of the market, right now I am trying to trade as a scalper and obviously with smaller trading lots. A few months ago, I used day trading and tried to make profits from over the day strategy. But somehow, I think scalping is less risky than day trading.

 

[Halt]

The movement of the price is the best indicator itself as future price level is dependent on the current level. Many experienced and huge investors only believe in the price action for their predictions and investments. Am I right in this regard?

 

[Luke Hansen]

copying strategy of others

There is no hesitation that we all traders are in the forex market to gain profit. But copying the methods of other traders can’t help a trader fully. Various traders use different types of strategies and try to conduct various analyses to earn money from this competitive market. Nevertheless, it is seeing that each trader market is comparable and adopt different forms of trading. It is worth enough we tell that a trader should not follow other traders randomly.