Hey guys! I want to trade using pure price action, but I'm getting a little bit confused.. I hear a lot of people saying trade only with the trend and people playing it all.. which is better?
I guess I'm mainly confused about trading with the trend. If I want to trade with the trend how do I determine the trend? I know higher highs, higher lows, but lots of timesin an uptrend it can make lh, hl then your uptrend then would be invalid? ALso.. some people say you have to use multiple timeframes? So if I want to trade off the 30 minute chart I need to look at the 4 hour chart and wait until they align?
How do you determine the trend? If price is in an uptrend and is coming onto heavy resistance would you place a short trade at this resistance or would you not because it's in a hard uptrend?
Can you trend trade off of one timeframe and be sucessful? Thanks for your time!
I guess I'm mainly confused about trading with the trend. If I want to trade with the trend how do I determine the trend? I know higher highs, higher lows, but lots of timesin an uptrend it can make lh, hl then your uptrend then would be invalid? ALso.. some people say you have to use multiple timeframes? So if I want to trade off the 30 minute chart I need to look at the 4 hour chart and wait until they align?
How do you determine the trend? If price is in an uptrend and is coming onto heavy resistance would you place a short trade at this resistance or would you not because it's in a hard uptrend?
Can you trend trade off of one timeframe and be sucessful? Thanks for your time!