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• shares • • • • In my last post, I said that if you want to be a consistently profitable trader, you need to stay away from trading indicators, fundamental news, and black-box systems. If you missed it, here’s the lesson: Now you’re probably wondering: “So what should I focus on?” My answer is Price action trading. Wait, what’s that? I’ll explain Price action trading is a methodology that relies on historical prices (open, high, low, and close) to help you make better trading decisions. Unlike indicators, fundamentals, or algorithms price action tells you what the market is doing — and not what you think it should do. And as the saying goes “Trade what you see, not what you think”. Do you want to see the power of price action trading?

Then read on You can “predict” what the markets will do with heightened accuracy Let me tell you a secret: The price can predict the future better than anyone of us. If you don’t believe me, take a look for yourself EUR/USD is in a downtrend before the ECB cuts interest rate: NZD/USD is in a downtrend before the NZ central bank cuts interest rate: Clearly, it’s obvious that price leads the news. Free forex signals live. So, if you’re always trying to predict where the market is going, then look no further. Because all you need to do is just follow price and you’ll be more accurate than 90% of the analysts out there. You trade what you SEE, not what you think Here’s the thing: The majority of trading indicators (like Moving Average, RSI, Stochastic, ADX, ATR, Bollinger Bands, and etc.) are a derivative of price. This means the line (or value) you’re seeing on your indicator is derived by applying a mathematical formula to the price.

Now What if your RSI indicator is overbought and the Stochastic indicator is oversold, at the same time? Binary options free practice account. Won’t you have conflicting signal?

But no worries! You can adjust the settings of your RSI indicator and make it oversold, so now, both your RSI and Stochastic indicator are sending out the same “signal”. /binary-option-strategies-for-beginners.html.

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