There are a huge variety of different price action setups which you
can find freely on the internet and all will have different qualities.
Price action setups have to be considered more like the trigger to get us into a trade. The levels at which the price action setups form is the most important aspect for us to focus on.
We
do need to take our time to really get to grips with each of these
price action setups and become comfortable trading each one. Setting up
specific criteria to use, to validate each one is very important.
We
have to remember that the levels we trade them from are paramount.
Always looking to trade away from the key levels and not into them.
I prefer to use price action setups as REVERSALS rather than continuation signals and the 4 main price action setups I focus on are:
1. The pin bar(PB).
2. The engulfing bar(EB).
3. The inside bar(IB).
4. The sandwich combo setup(SCS).
The
main thing to point out is that all of these setups will be taken from
key levels and each will need to be large in size, apart from the inside
bar of course.
No comments:
Post a Comment