provided advice and simple trading methodology to alleviate risk in Futures trading. The most obvious piece of data we see when we look at a chart is the direction of the market or the trend. Full List, barchart Solutions For Businesses, onDemand Financial Data APIs. For an expanded definition of price action, read my introduction to price action here. Amzn 1,837.28 (1.01 aAPL 197.00 (0.67 tSLA 274.96 (2.68 bABA 185.35 (2.36). Watch for these long tails at key levels, especially in trading ranges, and fade them or trade the opposite way, back into the range. We can learn how to interpret this price action and the market psychology it represents to put together the story being told on the chart. Think of the story the market is telling you as a window into the future; you dont always know what the future will hold, but when you study past events and how they connect to current events, you can make a very good educated guess. These charts will go from easy to more difficult so that any newer traders reading this get a better feel for how I follow the footprint of the price action to develop a story on the charts, so that I can make an educated guess.
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These footprints are price bars, and they show us the behavior of all market participants; the big boys, smart money, hedge fund managers, and even the not so smart money. Notice after a few weeks of consolidating under the range support, price tried to poke back up above it, only to get pushed lower by bears, forming a small pin bar sell signal before another big sell-off. When our clients deposit their trading accounts, no commission is charged, because RoboMarkets covers all deposit expenses. Price action analysis is the act of analyzing and making sense of the footprint of money on the chart. Looking from left to right, we can see a clear uptrend was in place as price bounced from.00 support in Crude Oil.