I have few questions about price action.
1] I heard that Price action strategy is best and profitable strategy than any other strategy. Is it true?
2] How much Average PIPS a good Price Action Trader can earn per month ? For ex. If he trades only EURUSD with 4hrs candle.
3] Is fundamental analysis necessary for Price Action ?
4] Where to set Take profit/Exit and Stop loss each time when enters trade with price action?
5] I don't trade on daily the given image was just for example. So if you say it may go up then my analysis of gold for bearish pullback wrong ? If yes then where did I make mistake ?
6] I am 1hr(not much) but 4hrs candle trader. And I do analysis of 4hrs and daily chart before trade.
7] When previous market rally gone up then how to use fibbonacci ? Up to down or down to up ? vise versa if rally goes down how to use fibbo ? up to down or down to up ?
8] What is your experience of result about price action ?
1] I heard that Price action strategy is best and profitable strategy than any other strategy. Is it true?
2] How much Average PIPS a good Price Action Trader can earn per month ? For ex. If he trades only EURUSD with 4hrs candle.
3] Is fundamental analysis necessary for Price Action ?
4] Where to set Take profit/Exit and Stop loss each time when enters trade with price action?
5] I don't trade on daily the given image was just for example. So if you say it may go up then my analysis of gold for bearish pullback wrong ? If yes then where did I make mistake ?
6] I am 1hr(not much) but 4hrs candle trader. And I do analysis of 4hrs and daily chart before trade.
7] When previous market rally gone up then how to use fibbonacci ? Up to down or down to up ? vise versa if rally goes down how to use fibbo ? up to down or down to up ?
8] What is your experience of result about price action ?
-milkeyway