Price Action versus Indicators has been a common question among technical traders. Some speak in favor of Price Action while some speak in favor of technical Indicators.
Are you also stuck in this dilemma and find it difficult to choose one particular style of trading? If yes, then you have come to the right place.
The concept of support and resistance is very well known in trading and almost every trader uses this to trade the markets and hopes for profits.
But, do you what is the rationale behind this concept of support and resistance and why does it seem to work?
In this blog post, I am going to tell you why and how support and resistance works and how you can find high quality trades to capitalize on.
If you have even the slightest of experience in this space of trading then I am sure that you will have heard about technical analysis.
You even would have read several blog posts or watched videos on this topic but do you know the different types of technical analysis or do you even why technical analysis works in the first place?
In this blog post, I am going to discuss...
You would have heard people saying buy the lows and sell the highs, but how to do this exactly? The answer is pullbacks.
But when it comes to pullback trading traders do not really know till where pullback will take place, where to take entry, where to place stop loss, and where to place take profit orders.
Breakout trading is easy and could be highly lucrative. Every new trader ponders over breakout strategies and this is bread and butter for many experienced traders too. Catching a breakout and riding it all the way sounds very exciting, but how to do it?
You will have heard traders saying that the current price movement of a currency is in the correction phase and that the impulsive move is over.
This is one very commonly used method by traders that look to measure and define price movements of currency pairs and to capitalize on them.
We are not a big fan of indicator trading, and we prefer using price action over indicators. But, divergence is one single indicator based setup which we always consider using. We have used a lot of indicators and learned a lot of indicators based strategies, but divergence still has a different level of importance...
What are Trend lines? How to Draw trend lines? In the previous article, we studied the different types of markets. We learned about the ranging markets and trending markets. In this article, I will tell what a trendline is and...
Gold has surged around 15%, 2100 pips to be exact, from the last time we posted a blogpost on it. 3 months back we posted an article on how to make 4000+ pips by trading gold. Each and every student of ours and...