The Authority’ on Price Action Simple price action system forex. In 2016, Nial won the Million Dollar Trader Competition. This means no lagging indicators outside of maybe a couple moving averages to help identify dynamic support and resistance areas and trend.
Whilst economic data and other global news events are the catalysts for price movement in a market, we don’t need to analyze them to trade the market successfully. Price movement provides all the signals you will ever need to develop a profitable and high-probability trading system. Indicator-laden Charts Next, to demonstrate the stark contrast between a pure P. I have shown two charts in the examples below. The chart on the top has no indicators on it, there’s nothing but the raw P. It’s worth pointing out how in the indicator-laden chart you actually have to give up some room on the chart to have the indicators at the bottom, this forces you to make the P.