Is Trading Price Action Really That Difficult?

I know of many traders who are fascinated with the idea of trading price action, but they think the process is too complicated. Are they right? Well, if you think about it logically, aren't you complicating things more by throwing up yet another indicator on your chart? After all, its just another thing you have to look at. Using no indicators, and just trading off of a basic price chart: It can't really get much simpler than that.

But, you will have think outside the box a little. This is a lot easier for newer traders, than for people who have been trading for awhile. Veteran traders can be stubborn. They think they know it all, and think there is nothing new to see. As long as you come at this with an open mind, you should be able to see everything that you will ever need to see when it comes to trading.

First step is to just get rid of all your indicators. Don't cheat. Take every last one of them off. Then just follow the market in real time. You might not notice anything right away. But the more you do it, the more you are training your eyes.

The price always has these particular patterns that get repeated over and over in a constant basis. With the pattern, once you start to see the setup, you can start to see where the future price is headed. With enough practice, you should be able to spot these patterns in your sleep. It becomes that obvious.
John Templeton has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared.

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