Is price action a good day trading strategy?

This price action strategy is a great day trading price action strategy to use. There may not be hundreds of price action setups a day, but when you find a trade that follows the Price Action Red Zone Trading Strategy you should see great results. Here are 5 key things to remember about price action:

What is price action trading?

In essence, price action trading is a systematic trading practice, aided by technical analysis tools and recent price history, where traders are free to take their own decisions within a given scenario to take trading positions, as per their subjective, behavioral and psychological state. Who Uses Price Action Trading?

How many price action setups are there a day?

There may not be hundreds of price action setups a day, but when you find a trade that follows the Price Action Red Zone Trading Strategy you should see great results. Here are 5 key things to remember about price action: Useful alongside technical indicators (RSI, MACD, Fibonacci, etc.) Ideal for short-term decision-making.

When can I exit a price action trade?

You can exit the trade when you see that the trend is most likely over (due to consolidation in price action.) We saw that the price bounced off of this resistance so that is why you would have exited this trade in profit. This price action strategy is a great day trading price action strategy to use.