Hello , I am Tang Daqian.
Because of the influence of the leader of foreign exchange trading, I have a strong interest in Price Action (called Naked K in China).
So what is PA? What's so great about it?
And how can I learn Price Action?
Introduction to Price Action
Price Action price action analysis method originated in Australia, the method is simple and effective, and it is the system adopted by foreign professional trading rooms. Beginners enter from the bank trading position and trade along the route of least resistance. Advanced to judge the strength of long and short positions and identify capital flow transactions. Finally, gain insight into the trading techniques of market makers, familiarize yourself with the trading strategies and psychology of the public, use the weakness of human nature to reverse thinking, fight against the weak, and achieve a casual advanced trading strategy.
AL Brooks has published 3 books, which can also be bought in domestic bookstores. If you need a Chinese electronic version, Daqian can send it to you for free.
But many Chinese readers report that the book is very difficult to understand. Later, the author published a video version of the teaching, and Daqian signed up for this course at that time to learn this system. During the learning process, many overseas Chinese have also been strengthened, and they have a very high evaluation of this system. I have also seen several friends achieve stable profits by learning this system. If you are also interested in PA, you can buy the author's books, or continue to pay attention to this official account.
Because Daqian plans to use his own understanding of this system to fully share this system in a few months. We can learn and discuss together.
What is Price Action?
The Chinese translation of Price Action is: Price Action. Price lines can be price movements on any financial instrument, on any chart and on any timeframe.
al believes that any price fluctuation is price action. Any K line on the chart is very important. You should not ignore anything. Many times you may think that some price actions are unimportant. Down is a very good deal.
Many people say that there are many chaotic market conditions in the small cycle, and they think it is noise, and they think it is easy to do in the big cycle. AL believes that only ignorant traders think this is noise because they have no idea what the market is doing at the moment.
There is a reason for any candlestick.
AL believes that price behavior is determined by human genes. Price action is a reflection of human behavior. Our behavior is determined by our genes. This has been the case since the market existed, unless we evolved into a new species, price action would not work.
Why do you say this way?
Some people say that with the passage of so many years, the emergence of high-frequency trading and quantitative trading, the market has changed, and price behavior will lose its effect in the future. Is this really the case?
Please look at the above picture, so which one is the previous market, which one is the big cycle, and which one is the small cycle?
One of them is a daily chart, another is a 5-minute chart, and the third is a 1-minute chart. Also, one is stocks during the 1987 stock market crash, another is recent stock index futures, and a third is the euro.
Can you tell which is which? Of course not, so as long as human beings continue to exist, the price behavior will not change, it is determined by human genes
So how to become a profitable trader?
The key point is that you need to understand the price action of the market, what the market is doing, and what the market makers are doing. You get an advantage.
In addition, you need to be able to identify support and resistance, you need to understand what a breakthrough is, what is a trading range, and understand the laws of market operation. This will be discussed slowly later.
What to share in the next few months
1. Chart analysis, including K-line analysis, trading structure, entry signals, buying pressure, etc.
2. The law of market operation
3. Support and resistance
4. Several commonly used trading forms
5. How to actually use PA to trade
What I will share today is not very detailed, because this system is different from many things on the market, including some technical terms. If you share today, you can get a general impression.
Hope today's sharing can help you. See you next article. If you are interested in Price Action, you can follow Daqian's personal official account (same name). 3 free PA e-books from tutor AL.
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