How to trade on Price action:
Day trading on price action
See news of importance.... if any trade news , if not following steps for day trading.
firstly Look for Market structure.
look for major support and resistance in 1hr chart
market move between major support and resistance
If once support or resistance is broken ,market can move next, in that case look for strength of breakout/fade out.
Secondly trend analysis
Look for trend in 1 hr chart
look for strength(along the trend) and weakness(against trend) of trend
look for volatility
Third step price analysis for suitable entry
Day trading on price action
See news of importance.... if any trade news , if not following steps for day trading.
firstly Look for Market structure.
look for major support and resistance in 1hr chart
market move between major support and resistance
If once support or resistance is broken ,market can move next, in that case look for strength of breakout/fade out.
Secondly trend analysis
Look for trend in 1 hr chart
look for strength(along the trend) and weakness(against trend) of trend
look for volatility
Third step price analysis for suitable entry
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