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The Ultimate Price Action Trading Guide: Discover Everything You Need to Become an Incredibly Powerful & Profitable Price Action Trader
Cuwen FynnTo really understand price action means you need to study what happened in the past. Then observe what is happening in the present and then predict where the market will go next. The weatherman knows where the wind is blowing from, sees the high and low pressure systems forming over the land, knows the temperature variation, cold front, hot front…you know what I’m talking about, right? Then what does he do? He will say something like “tomorrow, the weather in Edinburg will be mostly cloudy, slight chance of shower and possibly sunny in the afternoon.” How does he know that? Well, from studying the past data and seeing what the current weather situation is at the moment (and these days, their prediction is more reliable due advanced computer models and weather satellites in space).
So traders are like that…
If we get the direction wrong, we lose money, we get it right, we make money.
Simple as that. So everything you are going to read here is about trying to get that direction right before you place a trade.
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