Expected messages in this Thread: 25

[Gauzesnogi]

I have been using this trading strategy based on price action for several years.The approach focuses on identifying key supports and resistances in daily graphics and then look for candles patterns that confirm a reversal or continuation.Unlike many other strategies, I do not use indicators, only the graph and price patterns.

[waady19]

Finally!A strategy without a thousand indicators that only confuse.The price action is what really matters, but the problem is to know when to trust a support or resistance.Any advice to validate those levels?

[vesSoncesynoto]

I like the idea of ??simplifying the analysis only with price action.How long do you usually expect between the identification of a support/resistance and the appearance of a clear input signal?

[JakunSai]

Time is relative, but if you identify the key level well, no matter how long it in enter.Patience is the key, do not throw yourself blind just because the price touches the level once.

[brinaT9889]

It sounds like a solid strategy, but are you not worried that supports and resistances can be broken with sudden market movements?I have taken some unpleasant surprises in those cases.

[SoSivesxxo]

The ruptures are inevitable.The important thing is to have a well-adjusted stop-to know when a break is real or just a false break.Do not obsess with protecting every penny, sometimes losing is part of the game.

[Gauzesnogi]

The ideal is not to hurry.Once I identify a support or resistance, I hope the price has those areas several times.When I see a confirmation, such as an enveloping candle or a hammer, that is when I consider entering.Regarding the breaks, it is true that they can happen, so I always use a tight stop-the adjusted to limit losses.

[CARSEsSAX6]

Well said.The patterns such as the hammer or the envelope are among the most reliable, but if you do not use an adjusted stop-loss, any news or spike can erase you from the market in seconds.

[jiesnstesnSoyg]

I agree that the price action is more reliable than most indicators.What time frames do you prefer for this strategy?

[SiusGesrcesyRoCa]

Daily and 4 -hour graphics are the most reliable for price action.If you go down to minor time frames, you will find a lot of noise and false signs.