for trade forex market

yes the strategy is called

price action

the professional Forex trader

acknowledge that the price action is the

most honest forex trading strategy with

high accuracy

price action describe the

characteristics of a 4 x's price

movement this movement get quite often

analyzed with respect to price changes

in the recent past

in simple terms of price action is a

trading technique that allows a trader

to read the market and make subjective

trading decisions based on the recent

and actual price movements simply

ignores the fundamental analysis factors

and focuses more on recent and past

price movement the price action trading

strategy is dependent on technical

analysis tools

what to buy used for price action

trading

since price action trading relates to

recent historical data and passed price

movement or technical analysis to like

shirts trendlines price band high and

low swings technical levels of support

resistance and consolidation etc are

taken into account of the traders choice

and strategy fix the tools and patterns

observed by the trader can be simple

price bars price band play counts trend

lines or complex combinations involving

candlesticks volatility channels xxi

psychological and behavioral

interpretations and subsequent actions

as decided by the trader also make up an

important aspect of price action trades

for example

no matter what happens if a stock

hovering at 580 crosses the personally

set psychological level of 600 then the

trader may assume the further upward

news could take a long position other

traders may have an opposite view 1 600

it hit he or she assumed the price

reversal and hands takes a short

position no clue traders will interpret

a certain price action in the same way

as each will have his or her own

interpretation defined rules and

different behavioral understanding of it

on the other hand a technical analysis

an area like 15 BMA crossing over 50 PMA

will yield similar behavior and action

long position from multiple traders

innocence price action trading is a

systematic trading practice aided by

technical analysis to in recent price

history where traders are free could

take their own decisions within a given

scenario to take trading positions as

per their subjective behavioral and

psychological State