How To Read Price Action- War Stories of Buyers Vs Sellers


Posted October 20, 2014 by tradeyouredge

How To Read Price Action- War Stories of Buyers Vs Sellers

 
Hello Price Action Traders,

Thank you for spending your time here and for visiting this page. As much as I enjoyed writing the book, I truly hope you’ll find it enjoyable and useful. The fact that you are reading this page shows that you want to learn more. Great! Be curious and be hungry to learn at the same time. Reading price takes time and experience. However, by reading this, I hope I can help you smoothen the journey.

Trading didn’t go smoothly initially. Like a lost goat, I was going around aimlessly and desperately trying to make sense of price and price action. Reading books on technical analysis, memorising candlesticks patterns and even becoming a YouTube junkie. It became frustrating and annoying as trading became more confusing at the same time. Thankfully, it didn’t stop there.

False Break CoverReading this right now, it means that you realise the importance of Price action (PA). You’re also probably aware that price is the only leading indicator and common denominator across any market place – be it in the financial market, property market or even the food market – as it is an equilibrium point between supply and demand that is generated from various types of buyers and sellers.

While price is simply just a number, it represents more than a number. If you believe that human behaviours – like fear and greed – exist, then you should also believe that price and price patterns represents the very same behaviours in the financial market. Human behaviour drives price and understanding those behaviours leads to good understanding of price action.

With that, I would like to invite you explore investors’ behaviors (in relation to price) a little further.

Many traders have spent many hours reading books on price patterns, yet many fail to grasp the core of it. Of course, everyone has a different journey and, initially, I struggled as well. It was only later that I found out that it was not the patterns but what is really happening in the market place that matters. Many struggle to understand what was going on between the buyers and sellers because they often overlooked the market psychology driving the prices.

This is a book on Market Psychology and the objective of this book is to help traders think about the stories behind the PA (as oppose to feeding you with patterns). This book is a short guide and an introduction into how I read price and how I interpret the stories of price warfare. It is not meant to be comprehensive in nature and it’s primarily focused on understanding the psychology behind buyers and sellers, which I will illustrate using simple price patterns. Price analysis will give you the review you require to build a market bias. With that bias, you will gain an advantage over the market.

Lastly, I wish you nothing but success in your trading career. Thank you once again and have a good day.

About TradeYourEdge.com

TradeYourEdge.com helps traders achieve trading edge through Excellent Trading Psychology. If you have any queries, you can reach Alwin at [email protected]. For additional information, please visit: http://www.tradeyouredge.com/.
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Issued By Alwin Ng
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Categories Finance
Tags trading
Last Updated October 20, 2014