What is Commodity Trading Price Action Commodity Trading Strategy?
Commodities Price action commodity strategy is the use of only commodities price charts to trade Commodities, without the use of commodity technical chart indicators.
When trading with this commodities price action trading method, commodity candlestick charts are used. This commodities price action trading strategy uses lines and pre-determined commodities price action patterns such as the 1-2-3 commodities price action pattern that either develops one commodities price action pattern or series of commodities price action trade setups.
Traders use this commodities price action trading setup strategy because this commodities price action analysis is very objective and allows a commodity trader to analyze the commodities market price moves based on what they see on the commodities price charts and market movement analysis alone.
Commodities Price action commodity strategy is used by many commodity traders; even those that use technical indicators also integrate some form of commodities price action strategy in their overall commodity strategy.
The best use of this commodities price action method is achieved when the trading signals generated are combined with commodity line studies so as to provide extra confirmation. These commodity line studies include commodity trend lines, Fibonacci retracement, support and resistance levels.
Commodity Trading Price Action 1-2-3 Breakout Pattern
This commodities price action commodity strategy uses three chart points to determine the break out direction of a commodities price action.
The 1-2-3 commodities price action trading method uses a peak and a trough, these points forms point 1 and point 2, if market commodities price moves above the peak the commodities price action signal is long, if commodities price action moves below the trough the commodities price action trading signal is to short. The commodities price action break out of point 1 or point 2 forms the third point.
What is Commodity Trading Price Action Commodity Trading Strategy? - Commodity Trading Price Action Setups in Commodity Trading
Series of commodities price action breakouts
What is Commodity Trading Price Action 1-2-3 Commodity Trading Strategy? - 1-2-3 Commodity Trading Price Action Patterns in Commodity Trading
