Why Price Action?

The answer is pretty simple, because it works! There are not fancy indicators needed or any B.S. "holy grail" setup. Use what the chart is showing you and make it work in your favor.

Price action trading is all about trading what price is actually doing. We do this be first finding what the current trend is doing. Now we use multiple time frames ranging from a smaller tick chart all the way up to a monthly chart and everything in between. This allows us to see what the market is doing overall. Now there may be different trends on different time frames, it is important that you line up as many time frames as possible before making any trades.

Once we know what the trend is on our given time frames it is then up to us to find levels we can exploit in our favor. Now this is done a few different ways, we always look to see what Support & Resistance levels are showing us. These levels can be highs/lows or the open and close of the previous trading day(s). It is important to always look at these levels on all time frames because there will be different levels for each time frame. For example the weekly high could be much higher then the current daily high and price could act differently at each of these levels.

After finding these levels it is important to trade them correctly and this is where price action really comes in play. We look to see how price reacts to these levels before entering into a trade. For example if price is making Higher Highs and Higher Lows we we assume that the current trend is up, now that we know the trend we look for price to show us an entry near one of our selected levels. This normally comes in the form of 1 of three candle stick setups, the engulfing, the two candle rejection and the 3 point turn. You can learn all about these by becoming a gorilla futures member. By becoming a member you get access to 25+ chapters of price action content, with tons of real world examples!

We can do all this without any "special" indicators. The few indicators we do use are all very simple and available on almost every trading platform out there. By keeping your charts clean of messy indicators you give yourself the opportunity to observe raw price action and learn a technique that is useful in all types of trading. Regardless if you are trading Stocks,Futures,FX or Crypto , Price action will be a great tool to have in your arsenal.

Interested in learning more? Become a member today and join our fast growing community of traders helping each other reach there goals and become better traders!

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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 decision you make while trading. TESTIMONIAL DISCLOSURE: TESTIMONIALS APPEARING ON MAY NOT BE REPRESENTATIVE OF THE EXPERIENCE OF OTHER CLIENTS OR CUSTOMERS AND IS NOT A GUARANTEE OF FUTURE PERFORMANCE OR SUCCESS.

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