The major difference between professional traders and novice traders is that, the professional traders use a very rules and steps based approach towards trading. While the novice traders trade based on their gut feelings.
Professional traders will try their best formulate a systematic trading strategy that completely eliminates emotions form trading.
Today, we will look at such a strategy.
With this strategy, my goal is to give you a systematic approach towards price action trading.
Now, price action trading is very subjective in nature. This means that, if you show the same price chart to two different individuals, both of them may differ in their analysis.
One might predict that the price will go up, while the other might feel that the price will go down.
With this strategy, I want to show you how you can create a rule based system around a subjective matter like price action.
So without any further ado, lets get into the strategy.