Subject: Why Price Action Trading Destroys Indicator Based Trading
Hi Folks.
In my earlier email I mentioned I received a few emails from people who were cheering on my efforts to raise some quick cash to fund my orphan Christmas shopping trip.
One writer in particular brought up the point that he was impressed with some earlier calls I made in terms of price action, and said he was willing to pay whatever it took to learn how I was able to make some pretty razor sharp calls, and said funds could also be used to finance the shopping trip.
I had to admit to him that it really wasn't all that difficult to make the calls. All I was doing was reading whatever crossed my desk concerning the EUR, USD, GBP and JPY, and then applying some basic Price Action Rules to the existing charts to find some long term trades.
As for the reading, well, there isn't anything I can do to help people there. I love to read. A lot of people don't. And that's okay.
But the Price Action trading is merely looking at where current price is in terms of various lines of Support and Resistance.
And in case you were not aware, there are more than 80 such lines that come into play on any given day. They cover 4 or 5 different charts (depending on what your trading goals might be) and knowing where those lines reside will usually mean the difference between winning and losing your trade (and that applies to scalpers as well as swing traders).
To that end I have good news and better news.
The good news is I released a course 18 months ago called Trading Between the Lines which is basically a 2-1/2 hour master class on trading using all these different lines of support and resistance. The class includes 2-1/2 hours worth of videos, along with a handful of indicators which draw in all these different lines, along with templates you can use to automatically add all of these indicators to your charts. Once you are set up, you wait for price to break through or bounce off of a line and then take a trade.
And price is constantly bouncing off of or breaking through one line or another.
So that's the good news.
The better news is this: While I have the class priced at $147 through JVZoo, between now (Wednesday, 12-12-18) and midnight eastern on Sunday night (12-16-18) I'm knocking $100 off the price of the class if you use this coupon code: 100-off (that's a One, Zero, Zero, hyphen, letters o, f and f). You can pick up a copy of TBTL at: http://fxscalpingacademy.com
And I am going to add whatever comes in from this class over the next 5 days to my shopping spree for the orphan I am sponsoring again this Christmas.
So if you have ever taken a trade because one or more indicators told you that "now" was a good time to enter, only to watch in horror as price action immediately moved against you all the way to your stop loss, you absolutely NEED to take this class to get a firm grip on how lines of Support and Resistance absolutely crush and destroy indicator based trading, and take advantage of the tools included in the class to spruce up your charts so you can easily see those lines and avoid taking any trades that have a low probability of moving into immediate profit.
Jeff
P.S.--Make sure you use the coupon code 100-off when you check out to score that $100 discount.