Here are a couple of basics. Check out these blog posts and tell me, if you think something is missing.
As a Day Trader horizontal Support and Resistance from the current and prior day are your main concern.
The open starts with either a trend or a trading range.
Be very precise, computers are too
Wait for the counter trend traders to chime in 1st
Have at least two reasons to take a trade
Inside bars are trading ranges
One more thing
Price Action Trading is not about get rich quick – sitting at the beach with your phone and a drink while trading.
You can’t just simply memorizing a handful of candle stick patterns or rely on some secret indicator.
It’s all about hard work and maintaining your edge – remember, you need to compete against computers and need to have the best edge that you can. If you trade intra-day charts, quick decisions play an important role.
Please tell us what you think is missing, any kind of feedback is highly appreciated – contact us