Price Action By Mobirao
This Book Includes:
What you can expect to learn from our Price Action book
We’re going to teach you how to trade simple, easy-to-understand setups, which require very little of your time in front of the charts. No need to stare at the screen and monitor the markets for hours on end; you can set your levels and walk away. No need to use complicated indicators, all you need is a price chart. No need for any special charting software, you can use any charting software that you like.
This book covers six simple, powerful Price Action setups, which will show you how to trade the bounces and breakouts! These setups will be able to get you in on the moves before they happen. You will be shown how to tweak entry points & stop losses so that you can increase the return of your trades greatly! You will learn money management techniques that will allow you to make money even if you’re losing over ½ of your trades! And also be shown the bad thinking habits that will destroy your trading, and how to avoid them. After mastering the content in this course, you will see the markets like you never have before and be able to enter positions will full confidence!
The beautiful thing about price action is that you are able to trade off simple price charts, free from any clutter from indicators. I operate exclusively off the Daily chart and only use a broker whose Daily candle closes when the New York Market Closes (GMT 22:00).
Why New York Close candles?
These New York Close (NYC) candles give 1 true 24-hour session’s worth of data. NYC candles open
when Sydney markets open at the beginning of the week and close when New York Closes. So one
daily candle is a true representation of what happened during that entire session. This gives 5 daily
bars per week, with no weekend/Sunday candles.
You can still trade through whatever broker you
like, the important thing is to make all of your trading decisions based on an analysis of NYC candles. I
personally have a New York Close broker terminal open for charting, and then I switch over to my
main broker’s terminal for placing orders. Easy!
How to Trade with Price Action Strategies
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