Al enjoys sharing his knowledge and experience, and hopes that others might find it helpful. However, by understanding price action, traders can find many examples on every chart, whether it is an intraday or daily chart, where there is a mathematical advantage to buying or selling. The edge is always going to be small in trading because there are smart people who believe the exact opposite of you. There are buyers and sellers above and below every bar, and the key to successful trading is knowing when one side is likely stronger. He trades the daily and 60 minute charts as well, often using options when holding positions overnight.Įvery tick on every chart is important and sometimes even the smallest movements portend large swings. Al uses these price action techniques to day trade the Emini, in his Forex trading, and with stocks and commodities. These books provide a very detailed analysis of how markets work.
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