Power of Trading
Learn five powerful full price action signals that can improve your trading and make it more profitable, including acceleration and deceleration, rejection candles, M pattern with Divergence, breakout with buildup, and trend continuation. It’s important to use multiple indicators and factors for confidence trading, and always check for key levels on larger time frames before entering a trade. False breaks can often occur, so patience and waiting for the right confirmation is key.
5 Powerful Price Action Signals for Profitable Trading
Introduction
– Overview of video content
Technique 1: Acceleration and Deceleration
– Using Long Wick Candle to Mark Resistance Level
– Observing Momentum and Price Movement
– Identifying Deceleration and Reversal
– Importance of Rejection Candles and Confirmation Candles
– Case Example: Support and Resistance Levels
Technique 2: M Pattern with Divergence
– Identifying Support and Resistance Levels
– Examining Relative Strength Index (RSI) and Price Movement
– Confirming Bullish or Bearish Trends
– Importance of Multiple Indicators
Technique 3: Breakout with Buildup
– Identifying False Breakouts
– Examining Smart Money and Accumulation Positions
– Importance of Trading with Other Tools and Indicators
Technique 4: Post Buildup Scenarios
– Identifying Strong Signals for Trading
– Checking Key Levels on Larger Time Frames Before Entry
– Importance of Change in Polarity
Technique 5: Trading with Confidence
– Importance of Multiple Indicators
– Identifying Area of Confluence
– Drawing Mini Trend Lines for Short-Term Trends
– Case Example: Confirming Short-Term Uptrend
Conclusion
– Recap of Techniques for Profitable Trading.
