Welcome guest, why not register to get access to more of the site? Additionally, you can now get access to what I consider to be the best stock options trading alert service. Of course I am biased and with a success day trade price action forex fluctuating between 68.
I outline the Simple Price Action Trading principles that allowme to find “Levels of interest” that offer up what will potentially be the start of the next significant movement. This logic can be used on any time frame and on any instrument to help to identify high probability trading locations based purely on price action. I use this on a higher time frame to identify a potential starting location for the next potential price action movement as well as to see if there is a larger than normal volatility based target available to me. In the chart below the blue arrow highlights the last significant move down. Price moves away from the upper location of interest and reacting off the lower location of interest. Trade options can now be reassessed.