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Simplify your trading with Price Action

Stop making trading harder then it should be, use Price Action!

K.I.S.S keep it simple stupid , if this doesn't describe trading to the T then nothing else does. Too many times new traders and even seasoned traders try to over complicate trading by adding lagging indicators and too many trend lines trying to determine every tick of the market.

There is a much simpler way of trading, using price action. Having the skills and ability to read bare charts is priceless. Using price action you will be able to determine the trend and find areas to exploit . By using support and resistance you will not be relying on lagging indicators you will get real time information and know exactly what you should or shouldn't be doing.


How to use price action? Price action is simply defining what price is currently doing. If price is moving up, we say this is a bullish move/trend. During a bullish move we look for resistance to turn into support. Think of support and resistance as the room you are currently in, the resistance is the ceiling keeping you in the room and the floor is the support allowing you to stand.


For a downward move of a bearish move/trend we look for the opposite. Bears like to see support turn into resistance. Think if you are walking down the stairs and go into the apartment below you. All of a sudden the support in your room is not acting as resistance to the neighbor below you.


Once we determine these levels of support and resistance then we can begin to look at when we want to enter. Now there a numerous types of entries and exits that we talk about in the price action course that covers this topic from top to bottom! When we do enter trades off these level we want to see a bounce and a reject before entering this signifies to us that price is willing to continue with the current trend.


All of this can be done without any fancy indicators, now a trend line could help but keep it to 1 or 2 . Many of our students can and do trade without any trend lines due to the fact it keeps the charts nice and clean. Once you start adding tons of lines and indicator your eyes are going to be drawn to them more than the actual price action. Remember K.I.S.S


Want to learn how to trade using price action? Follow the link!

Questions?

Contact us at gorillafutures@gmail.com


Thank you!



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Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results. Gorilla Futures and those associated with Gorilla Futures are not liable for any decesion you make while trading.

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