indicators. It can trend up, it can trend down, or it can chop around in a trading range. This dead zone indicates that the price action is going nowhere. So with that being said, we recommend no indicators for this strategy. Scaling in and Scaling out in Forex. Your primary task is to find the best Forex price action strategy that will answer all of your needs.
This is our end goal. Also, please leave a comment below to give us some feedback, and we will do our best to answer your questions. The Popularity of Price Action Trading Price action trading is better suited for short-to-medium term limited profit trades, instead of long term investments. I like to draw the red zones anywhere from 10-20 pips wide, but you can adjust these accordingly. The Bottom Line A lot of theories and strategies are available on price action trading claiming high success rates, but traders should be aware of survivorship bias, as only success stories make news. However, if you are armed with the right tools, and if you put in the proper time to learn how to use them, you can make a good living trading the markets. Conclusion, this price action strategy is a great day trading price action strategy to use. Other traders may have an opposite view once 600 is hit, he or she assumes a price reversal and hence takes a short position. Day Trading is not easy, and it will not make you rich over night. This is a completely subjective choice and can vary from one trader to the other, even given the same identical scenario.
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