Price Action Trading Strategy Basics — Transcript

Full transcript

1. 0:00what I would really like for you to do
2. 0:01is not be a noob in day trading and have
3. 0:04your charts look like this instead what
4. 0:06I really want you to do is learn the
5. 0:08things in this video Welcome Back to the
6. 0:10channel everybody my name is Artie and
7. 0:12this is the moving average shall we
8. 0:14discuss everything day trading to keep
9. 0:16you profitable now the this in this
10. 0:18video is price action trading price
11. 0:21action trading also known as naked
12. 0:24trading involves you learning how price
13. 0:27moves as price moves it tells a story
14. 0:29you are learning the language of price
15. 0:33so let's get into the charts and I'm
16. 0:35going to show you these Concepts in
17. 0:36price action price is constantly moving
18. 0:39and telling you a story and it does one
19. 0:42of three things it either goes up it
20. 0:44goes down or it stays flat that's it
21. 0:47that's what it always does that's what
22. 0:48it always will do so as you can see here
23. 0:50we have a low a higher high higher low a
24. 0:53higher high higher low and a high then
25. 0:55when price stops wanting to go up what
26. 0:57it does is it reverses and it makes a
27. 0:59lower low a lower high a lower low a
28. 1:01lower high and a low and then price
29. 1:03reverses again but if there's indecision
30. 1:05in the market and price doesn't want to
31. 1:07go up or it doesn't want to go down what
32. 1:09it does is it stays flat flat price is
33. 1:11known as consolidation consolidation is
34. 1:14a period when the markets just do this
35. 1:16this is a horrible time to trade in
36. 1:18general I avoid this like the plague so
37. 1:20the main question you're probably having
38. 1:21right now is how do I trade this how do
39. 1:24I know if the price is going to be going
40. 1:25up or if it's going to be going down or
41. 1:27if it's just going to stay flat that's
42. 1:28where the other concept of price action
43. 1:30come into play you need to learn how to
44. 1:32recognize price patterns Candlestick
45. 1:36formations a small cluster of candles
46. 1:38together make an indication on which
47. 1:41direction price is going to go as you
48. 1:43can see right here we had a huge bearish
49. 1:45candle up indecision in the market and
50. 1:48then a huge bearish candle down these
51. 1:50three candles together tell you an exact
52. 1:52story of what happened this is why it's
53. 1:54important to understand every single
54. 1:56Candlestick pattern when price is
55. 1:58consolidating like this when price can't
56. 2:00go above a specific level this is known
57. 2:03as resistance price is resisting to go
58. 2:05through the top also known as the
59. 2:07ceiling resistance ceiling on the lower
60. 2:09end here we have an area of support
61. 2:11prices being supported held up by a
62. 2:15floor support floor when price no longer
63. 2:17wants to consolidate it goes in a
64. 2:19direction price breaks out of this range
65. 2:22this is known as breakout trading now if
66. 2:25you really learn all of these Concepts
67. 2:27in depth you can do things like this
68. 2:29where price is going up and you get a
69. 2:32continuation trade which is the best
70. 2:34type of trade that you could possibly
71. 2:35get but in order to know where and when
72. 2:38it's going to continue you need to
73. 2:39understand a lot of the price action
74. 2:41Concepts like a Fibonacci retracement at
75. 2:43a gold zone now naked trading in itself
76. 2:46is a great thing to have in your brain
77. 2:48and it's dramatically going to help you
78. 2:50improve your trading but with naked
79. 2:52trading and understanding the concepts
80. 2:54behind it then incorporating some
81. 2:57indicators some not a million is going
82. 3:01to help you find those amazing entries
83. 3:03one of the best things that you can do
84. 3:05with price action trading is using
85. 3:08divergences as well as understanding
86. 3:11volume and how it affects the market at
87. 3:14given times now price action trading Is
88. 3:17Not A New Concept this is not something
89. 3:19I invented and it is everywhere on the
90. 3:22internet I just gave you the absolute
91. 3:24basics of it so that you have a general
92. 3:26understanding of why your trades aren't
93. 3:28playing out what the markets are doing
94. 3:30and how you can improve now for the last
95. 3:33I don't even want to think about how
96. 3:34long I've been breaking down each one of
97. 3:37these Concepts to like it's finite
98. 3:40electrons and making the most in-depth
99. 3:43easily explained lesson on price action
100. 3:47that I could possibly imagine we go over
101. 3:49all of these Topics in depth plus like
102. 3:5215 other ones including top-down
103. 3:54analysis where you go from an extremely
104. 3:56high time frame all the way down to a
105. 3:58one minute time frame the this entire 15
106. 4:01part video that I made is exclusively
107. 4:04going to be on the trading floor website
108. 4:05we are releasing it right now so if
109. 4:08you're watching this video right now
110. 4:09that course just got released on the
111. 4:12website it goes into such extreme detail
112. 4:14and yet it's explained in such an
113. 4:17understandable manner I actually
114. 4:19impressed myself with it so if you're
115. 4:21struggling to understand how price moves
116. 4:22you have to understand price action and
117. 4:25this is going to be the best way to
118. 4:26learn it in depth when you do watch it I
119. 4:29suggest you watch it over again a few
120. 4:31times and once these things are
121. 4:33solidified in your brain it will unlock
122. 4:35some insane potential in your day
123. 4:37trading the link for the trading floor
124. 4:39membership is in the description it's
125. 4:41the first link watch those 15 price
126. 4:43action lessons give me your feedback in
127. 4:45the Discord community and then you can
128. 4:47join my hour-long q a sessions and ask
129. 4:49any specific details about any one of
130. 4:51these things an hour before London
131. 4:53session opens also a side note if you
132. 4:55don't join or you don't have the money
133. 4:56for it that's completely fine spend all
134. 4:59of your time I'm learning this stuff on
135. 5:01the internet all of the information is
136. 5:03spread out everywhere you just gotta do
137. 5:04some digging if you want to save
138. 5:06yourself some time get yourself a
139. 5:08membership to the trading floor