Price Action Trading
Topic: Price Action Trading
Price is king and your P&L is directly affected not by your indicators, however value alone. this is often trading virtually naked and mistreatment value patterns only to see entry and exit. PA traders use value as a number one indicator. the premise of this mercantilism is that value patterns repeat itself as a result of there ar continual human behaviors. For PA traders, something that hinders the read of the worth itself on the chart is prejudicial to their mercantilism. this is often why they might ne'er use indicators like heiken ashi, three line break, or anything that lay the worth read. To PA traders, value is that the solely manner you'll perceive the market movement.