2022-2023 Price Action Trading Guide for Beginners in 45 Minutes

By Ronnie Jenkins

Are you looking to learn about successful trading methods, trading tools, and trading approaches that can help you become a consistently profitable trader? Or do you need a suitable guide to perfect your trading techniques? If your answers are yes, then this guide is the right choice for you.

Price Action Trading is a kind of trading in which a trader "reads" the market and makes subjective trading choices based on the price movements, as opposed to depending on technical indicators or other criteria. This method of trading has been more popular in recent years.

Additionally, price action trading is a way that allows you to understand the "hidden language" of the markets without depending on indicators, news, or signal services. This allows you to better time the points at which you enter and exit positions in the market.

This guide, Price Action Trading, will reveal the best trading strategies, entry signals, using stop losses, the different simple price action trend trading strategies, chart patterns, candlestick patterns, where to buy the dip, trading risk events, and so much more.

At the end of this guide, there is every assurance that you will become a better trader whose profits will always surpass their losses.

Here is a snippet of what you stand to learn from this guide:

Trading Price Action

Price Action Indicators

Pure Price Trading Action

Entry Signal

Observe the Signal Bar

Using Bullish Engulfing Pattern

Applying for Stop Orders

Useful Price Action Entry Signals

Stop Losses

Positive aspects of the Stop-Loss Order

Disadvantages of Stop-Loss Orders

Types of Stop Loss Orders

Adjust your Stop Loss

Stop Loss Positioning Rules

Trailing Stops

How should the trailing stop loss be used?

Differences between trailing stop and stop-loss

The benefits of the trailing stop and Negative aspects of the trailing stop

Trailing stop trading techniques

Chart Patterns

Candlestick Patterns

Where to Buy the Dip

Trading Gaps

Trading Breakouts

Volatile Price Action

Markets are always changing

Combining volume with Price Action

Using Volume

Trading Risk Events

Creating a Price Action Trading System

And Lots More

Buy this book and get started with all the tips, tricks and strategies

• Language: English
• Publisher: Ronnie Jenkins
• Release date: Jul 7, 2022
• ISBN: 9798201049355

Book preview

2022-2023

Price Action Trading

Guide for Beginners in 45 Minutes

An Insider’s Simplified Profitable Forex and Stock Trading Strategies

Ronnie Jenkins

Copyright

Copyright © 2022 Ronnie Jenkins  

We reserve all of our rights. No portion of this publication may be recreated, distributed, or conveyed in any form or medium, which includes photocopying, documenting, or other mechanical or electronic procedures, without the written consent of the owner, except for brief quotation marks imbedded in critical reviews and certain other non-commercial uses that are permitted by copyright law. 

To get consent to republish this book, write a letter to the author with the subject line Attention: Permissions Department, Gilob Tech. Solutions LLC, and provide the following address in the body of the mail:

30 N Gould ST STE R, Sheridan, WY 82801

Printed by Gilob Tech. Publishers

Printed in the U.S.A

Disclaimer

The purpose of this book is to provide knowledge about the subject and the problem it addresses. The publication is offered with the understanding that the publisher is not obligated to provide investment advice officially authorized, or other qualifying services. Perhaps, if counsel is required. Whether a legal or investment professional is needed, an expert in the field must be requested.

Table of Contents

Copyright

Table of Contents

Introduction

Chapter One

Trading Price Action

What is pure or naked price action?

Price Action Signals

Price Action Trading (Keeping it Simple)

Chapter Two

Pure Price Trading Action

Entry Signal

Observe the Signal Bar

Using Bullish Engulfing Pattern

Applying Stop Orders

Useful Price Action Entry Signals

How to filter good and bad price action entry signals

Chapter Three

Stop Losses

What is a Stop Loss Order?

Positive aspects of the Stop-Loss Order

Disadvantages of Stop-Loss Orders

Types of Stop Loss Orders

How to Place a Stop Loss Order on the MetaTrader 4 Platform

Stop Loss Order Illustration

Adjust your Stop Loss

Stop Loss Positioning Rules

Risk Involved in Ignoring Stop Loss Orders

Trailing Stops

What is the meaning of a trailing stop?

How should the trailing stop loss be used?

Trailing Stop Illustrations

Sell order

Differences between trailing stop and stop-loss

Benefits of the trailing stop

Negative aspects of trailing stop

How to set a trailing stop in MT4

Trailing stop trading techniques

Where should the trailing stop loss be placed?

Using the ATR indicator to set the trailing stop

Placing the trailing stop loss using the Fibonacci sequence

Chapter Four

Price Target

Advantages and Disadvantages of Using Price Targets

Price Targets Advantages

Disadvantages of Price Targets

How to Interpret a Stock Target Price

How Price Targets are Determined/Calculated

Price target techniques

Nothing is certain

How to understand pricing targets

Horizontal Trend Line

How to Understand a Horizontal Trend Line

Fundamental Horizontal Analysis

Horizontal Line Relating to the Supply and Demand Curves

The Distinction Between Horizontal and Trendlines

Technical Analysis Restrictions When Employing Horizontal Lines

Vertical Trend Lines

What Do Vertical Line Graphs/Charts Reveal?

Simple Price Action Trend Trading Strategies

Chart Patterns

Reversal Chart Patterns

Head & Shoulders

Double Top / Double Bottom

Triple Top / Triple Bottom

Island Reversal

Rectangle Pattern

Wedge

Triangle Pattern

Cup & Handle

Candlestick Patterns

Doji

Marubozu

Harami Candlestick

Engulfing Candlestick

Dark Cloud Cover

Hammer/Hanging Man Candlesticks

Inverted Hammer/Shooting Star Candlesticks

Evening Star and Morning Star

Inside Bars

Buy the Dip

Central bank stimulus

Market stimulation

Mean regression

How to effectively manage risk while buying the dip

Practical Examples

Indicators of Buy the Dips strategy

CHAPTER FIVE

Trading Gaps

The four primary categories of gaps

The gap-fill

How to Play the Gaps

Trading Gap Example

Trading Breakouts

3 Pointers to Keep in Mind When Trading Breakouts

Finding a Competent Candidate in Trading Breakouts

Entry Points

Preparing Exits

Volatile Price Action

Why is Volatility Necessary?

How Should Volatility Be Measured?

Methods for Dealing with Market Volatility

Straddle Strategy Using Pending Orders

How Traders Can Benefit from Markets that are Frequently Volatile

Chapter Six

Markets are always changing

Combining volume with Price Action

Standard Operating Procedures for Using Volume

List of Three Different Volume Indicators

Using Volume

Trading Risk Events

What Exactly Is Risk Management When It Comes to Trading?

Recognition of Potential Risks

Analysis of the Risks Involved in Trading

Common Risk Management Strategies and Elements

Creating a Price Action Trading System

Trading Tools Used For Price Action

Who Engages in Trading Based on Price Action?

Price Action Trading Steps

Introduction

Some traders base their judgments on the price fluctuations of an asset. This is the concept of price action trading: watching the movement of prices and trading due to the actions that traders believe to be the most successful.

If you employ technical indicators, such as moving averages and Bollinger bands, in your trading decisions, you should give them little weight. A price action trader thinks that the price and its fluctuations are the sole reliable source of information.

If the price of a stock starts to rise, it indicates that investors are purchasing. Then, they evaluate the price movement based on the purchasing vigor, historical charts, and real-time price data including bids, offers, volume, velocity, and magnitude. Therefore, price action trading is a type of day trading in which traders focus their trade choices on price movements rather than indications established by technical analysis.

Explore what price action trading is all about, including learning about entry signals, stop losses, trailing stops, and so much more.

Chapter One

Trading Price Action

Price action trading is a strategy for speculating on the financial markets based on the examination of fundamental price movement over time. Numerous individual traders, including institutional traders and hedge fund managers, use it to anticipate the future price direction of a security or financial market.

Simply put, price action is how prices fluctuate, or the activity of prices. Price movement is most obvious in markets with high liquidity and volatility.

Price action trading disregards the underlying variables that drive a market's movement, focusing instead on the market's price history, that is, its price movement over time. Thus, price action differs from the majority of technical analyses in that its primary emphasis is on the link between a market's current price and its previous or recent prices, as opposed to second-hand values generated from price history.

Learning price action trading entails observing patterns and locating the important indications that may affect your investments. This can be done by looking at charts. Numerous traders rely on a variety of price action strategies to forecast the direction of the market and generate profits in the near term.

What is pure or naked price action?

When you trade based purely on the prices that are in front of you, you are engaging in naked price action. It is also another name for pure price action. It's kind of like driving without using your navigation system at all. You make your trades based on your own knowledge of the market rather than relying on complicated equations and in-depth study that takes a lot of time.

Price Action Signals

Price action signals are recognizable patterns in a market that are used to forecast how the market will behave in the future. These patterns also mean price action triggers and price action patterns. Traders with experience are sometimes able to observe these signs by far-seeing certain patterns regarding how the market is.

Price Action Trading (Keeping it Simple)

Keep It Simple Stupid is a common expression among price action traders. It refers to the fact that many traders overcomplicate trading by cluttering their charts with various technical indicators and overanalyzing the market.

●  Price action trading is occasionally referred to as 'clean chart trading,' 'naked trading,' and 'raw or natural trading.'

Price action trading is characterized by the absence of indications on a trader's charts and the disregard of economic events and news while making trading choices. Price action traders believe that a market's price movement represents all the elements (economic data, news events) that impact and move a market. Therefore, the conclusion is that it is far easier to simply

Reviews for 2022-2023 Price Action Trading Guide for Beginners in 45 Minutes

[رىةوز رىةوز · Rating: 5 out of 5 stars]

Thank you very much for this document here in my country ??? it's gold I thank you it's helping many people, hugs God bless you trader ?

[Ye Myint Oo · Rating: 3 out of 5 stars]

it would be better to come up with more chart diagrams