The most important element traders pay attention to while reading charts is price action. Price action provides valuable information about market trends, support and resistance levels, and potential entry and exit pointshi to everybody!
I wouldn't say that I'm new at trading, but there is still a lot I don't know about it. I'm curious, though, how other people analyze charts. While reading the charts, what element do you pay attention to?
Yes two popular concepts are momentum and mean reversion in price action, I use various technical indicators to determine them and build trading systems based on those principles.The most important element traders pay attention to while reading charts is price action. Price action provides valuable information about market trends, support and resistance levels, and potential entry and exit points
What frame time will you check while you have open trades?The most important element traders pay attention to while reading charts is price action. Price action provides valuable information about market trends, support and resistance levels, and potential entry and exit points
That's great to hear! can you explain about reversion more. I know using technical indicators to identify these patterns and incorporating them into your trading systems can be an effective approach.thanksYes two popular concepts are momentum and mean reversion in price action, I use various technical indicators to determine them and build trading systems based on those principles.
I also prefer to focus on chart patterns despite in my chart attached indicator but the main decision is often based on price action, just make trading simple.I mainly focus on chart patterns and key price levels to make my analysis
yeah, Price action can provide valuable insights into market sentiment. By relying on these aspects, you're able to cut through the noise and make more informed and streamlined trading choices. Thanks.I also prefer to focus on chart patterns despite in my chart attached indicator but the main decision is often based on price action, just make trading simple.