This is the price action trader cycle that many traders progress into after the technical indicator rat race.
You discover that Price Action Trading is better than technical indicator trading.
You start learning about Price Action Trading.
You start to learn about all the Price Patterns and Chart Patterns. Â You start “Trading Naked.”
You start to add just a few tools to help you such as one or two key moving averages. Â You begin to use some fibs, support and resistance, and price pivots.
Perhaps you start to add a few trendlines. Â You start using the techniques with multiple time frame analysis.
You try to add some filters and additional confirmation such as only trading with the trend, or psychological and round numbers.
Eventually you want some more confirmation, some more filters, and you eventually add some tech indicators.
You may also start looking for MACD divergence with price action setups.
After you have gone through the price action trader cycle this eventually leads you back into the technical indicator rate race for many people.
You start going back and forth between the technical indicator cycle and price action trader cycle. Â You get confused about where the next level is. Â Well order flow trading is the next step up.
Break out of the Price Action rat race with the Order Flow Mastery Course. Â Click Here.