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In this video, Jyoti Budhia Mam discusses how to trade using price action. She explains, from the basics of what price action is to showing the charts, how to take trades using price action. Price action is the most important factor in trading, and all the trades that traders make mostly depend on price action analysis. It also helps traders know when to exit the trade. So, if you are a new trading learn this strategy as soon as possible.
Price Action Trading (P.A.T.) 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 trends. I hope you get all the knowledge you require regarding price action from this video.
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Timestamp:
0:00 Introduction
1;29 What is price action?
2:50 Importance of price action analysis
3:30 Explaining price action
7:37 Example of trade executed based on price action
21:12 Conclusion
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