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MASTER-CLASS on PRICE ACTION Introduction to Principles of Price Action.
A Thread.
Please share and Let's Go
We will learn the introduction and rules to price action in this thread.
It will establish a BASE on how to use PA in it's best form and what to Expect from it.
Introduction Part 1.
It will establish a BASE on how to use PA in it's best form and what to Expect from it.
Introduction Part 1.
1. Price Action trader relies on a simple rule, if a trade can't be spotted easily, it doesn't exist.
There are no riddles to solve, no conflicts to evade. There is nothing cluttered.
Trade should be obvious. Easily Visible.
There are no riddles to solve, no conflicts to evade. There is nothing cluttered.
Trade should be obvious. Easily Visible.
2. Low understanding of market mechanics will lead to higher tuition fees in form of losses.
Understand Market mechanics like it's an auction and a living thing.
Understand Market mechanics like it's an auction and a living thing.
3. You can't enter a trade without preparing and waiting for it.
Impulsive trades are losing trades, almost always.
Entering a trade doesn't take time, preparing and waiting for it SHOULD take time.
Impulsive trades are losing trades, almost always.
Entering a trade doesn't take time, preparing and waiting for it SHOULD take time.
4. Having clear concepts and techniques won't make you a trader. Charting is theory.
The first 1000 trades after you've studied is also just studying.
Trade more, live, a lot.
Study price action live.
The first 1000 trades after you've studied is also just studying.
Trade more, live, a lot.
Study price action live.
5. Adopting methods of a successful third party is a common method, which will only lead to failure.
This is a shortcut to education and won't hold on the market.
Don't copy methods or strategies. Gain insight and experience from other traders, not their strategies.
This is a shortcut to education and won't hold on the market.
Don't copy methods or strategies. Gain insight and experience from other traders, not their strategies.
6. You have to find your own Edge, your own system.
Build your own method, this is of utmost importance.
If you've not taken the time to Build your own personal method, you'll fail.
You can't have a successful restaurant business on a stolen recipe.
Build your own method, this is of utmost importance.
If you've not taken the time to Build your own personal method, you'll fail.
You can't have a successful restaurant business on a stolen recipe.
7. Price Action techniques can't be haphazard.
You make money by just one thing, playing the pattern repetition.
Same patterns occur, you employ the same methods and take the bet.
Make is made on pattern repetition. There's nothing new to do.
You make money by just one thing, playing the pattern repetition.
Same patterns occur, you employ the same methods and take the bet.
Make is made on pattern repetition. There's nothing new to do.
This has introduced Price Action Principles.
We will begin to understand movements in advanced manner in the next threads.
I will only be concentrating on price action for some time.
Please make sure to Read all the Other Lesson on here to be ready.
https://t.me/EmperorbtcTA/404
We will begin to understand movements in advanced manner in the next threads.
I will only be concentrating on price action for some time.
Please make sure to Read all the Other Lesson on here to be ready.
https://t.me/EmperorbtcTA/404
