Price action trading strategy is a method that allows you to read the market and make subjective trading decisions. Price action is based on recent and actual price movements.
The price action trading strategy is based on technical analysis tools and focuses more on recent and past price movements. However, the price action trading strategy has certain limitations. In this blog, we will discuss in detail the price action trading strategy and how to overcome the limitations of the trading strategy with GCD.
Price action trading strategy predicts the future of the stock. Intraday traders believe that the only trustworthy source of information for them is the price of the stock. They focus on the price movements when they want to trade in the stock.
For example:- If a trader notices a price rise, he will assume that people are buying it. After this, he will analyze the aggressiveness with which others buy the said stock. He will analyze the bids, trading volume, velocity offers, and other aspects. This will identify trending pullback waves and make trading decisions.
Price action trading strategy relates to historical data and past price movements. It depends on the trader if he would use technical indicators, such as charts, trend lines, price bands, high and low swings, technical levels (of support, resistance, and consolidation) along with a price action trading strategy.
Your psychological and behavioral interpretation is a crucial aspect of price action. Suppose you set a level of stock as 600, and it crosses 580 then you will assume a further upward movement and take a long position.
Whereas the other trader may have a different view and once the stock hits 600 they will assume a downfall in price and they will take a short position. Price action is interpreted by each trader differently. Price action is a trading strategy where the traders make their individual decisions based on the technical analysis and a given scenario.
Price action trading strategy is about understanding various chart patterns and analyzing market movements according to the patterns. Understanding the price action pattern is crucial for your success. These patterns help you pinpoint levels of support and resistance, trends, and trend reversal. Some of the most popular price action trading strategy patterns are:
Price Action trading strategy is subjective and different traders interpret the same chart differently, leading to different decisions. Price action trading strategy is based on the past price movements that is not always a valid predictor of future outcomes. With this strategy, you cannot predict the accuracy of your forecast. Price Action trading strategy requires you to take action at the moment when it is predicted or you will miss the right entry time. Thus even though price Action is a good method of trading it has certain loopholes and hence traders must adopt a method that helps in more accurate predictions.
You can overcome the limitations of price action by using a method that helps in giving more accurate and advanced forecasts.
Yes GCD i.e. Gann Cycle Decoder is one of the most powerful methods when it comes to finding the entry and exit date, direction and target of the stock.
GCD helps to predict the movement of the stock, exact entry date, exact exit, direction and target of the stock in advance. This method will help you to make 2 to 3 months advance predictions.
GCD is better than price action because it helps you overcome the drawbacks of a price action trading strategy. Here is why GCD is better than the price action trading strategy.
and can be predicted in advance.
Price Action trading strategy is indeed one of the most popular trading strategies but it has certain drawbacks when it comes to advanced forecasting and accuracy. Here if you use a better method like GCD your predictions can be more accurate and you can earn exponentially. To know how the GCD method is helpful you can join our free webinar
Frequently Asked Questions ( FAQ)
You can learn GCD within 30 days if you join Monika Dhote Training Academy's online GCD classes
It depends from person to person price Action is indeed a great trading strategy, but if you want to be more accurate and earn more profits then you must go for GCD.
Monika Dhote Training Academy offers the best GCD share trading course in India. You can contact our team to learn more about it or visit our website.
Before delving into what the stock market courses have to offer, we will delve a bit into the d
Read More
We have become the best institute for Online Stock Market Training in Delhi and this has cement
Read More
Monika Dhote Training Academy has emerged as the best Stock Market Training Institute in Delhi.
Read More
A share market is a place where stocks are either issued or traded. A share market is similar t
Read More
Stock trading and understanding the stock market is accessible to anyone. There are many ways y
Read More
Humanity was revolutionized by books. Individuals were able to borrow knowledge from others. An
Read MoreAs a prominent Stock Market Trainer, Monika Dhote provides training in various stock market tactics through his specialised courses.
It takes at least 6 months to learn swing trading and at least a year to learn intraday trading. So do not be discouraged by the time commitment; this is a talent that will pay you for the rest of your life. There is no such thing as retiring in trading since you may trade from the comfort of your own home even if you are 80 years old.
The approaches of Monika Dhote are applicable not just to the stock market but also to the currency (Forex) and commodities markets. His students originate from all over the world, including well-known countries like the United States, Europe, Australia, and Thailand. He is well-versed in a wide range of asset types.
Since joining the Trading World, Monika Dhote has seen that no matter how large the trading sector becomes, there is a shortage of learning advice and suitable mentorship assistance. Students buy the course regardless of who they buy it from, and there is no community support as such. With this in mind, he launched the GCD Facebook Group and GCD Telegram Discussion Group, where students can engage and fast learn.
Market timing is the act of shifting investment money into or out of a financial market based on prediction procedures, or exchanging funds between asset classes. If investors can forecast when the market will rise and fall, they can execute trades to profit from that market movement.
Comparable vocabulary" Stocks" is the more broad, generic phrase of the two. It is frequently used to denote a stake in one or more enterprises. In contrast, "shares" have a more specific purpose in common parlance: it frequently refers to ownership of a certain corporation.
1 Comment:
I am a full time working person. Work timings are from from 10:00 AM to 8:00 PM in regular days while 8:00 to 5:00 in weekend. Weekly off on Wednesday. Can I avail your online classes.