Price Action Rules for Intraday Scalping

Price Action Rules for Intraday Scalping

HomeThomas WadePrice Action Rules for Intraday Scalping
Price Action Rules for Intraday Scalping
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Important Price Action Rules – https://rb.gy/eh8w
Easy Guide to Trading – https://rb.gy/sypf
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Date August 7, 2024

Timeframe – 2000 Tick Chart
Instrument – S&P 500 ES Futures
Indicator (supportive) – 21 bar EMA

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Price action describes the characteristics of a security's price movements. This movement is often analyzed in terms of price changes in the recent past. Simply put, price action is a trading technique that allows a trader to read the market and make subjective trading decisions based on recent and actual price movements, rather than relying solely on technical indicators.

The only ones who know where the market is going are institutions. They are the ones who make the market move and our job as retail traders is to follow in their footsteps and get a piece of their movement. As price action traders, we need to find the most profitable ways to enter the trade. The most likely setups are 2nd entries, their variations and confirmation setups at key entry points.

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