This cute old lady has survived so much in her life and remained invincible despite her age.  She's 102. She lived through the 1918 flu and now she's beat coronavirus â twice  Angelina Friedman is a survivor, in every sense of the word.  When she was a baby, she lived through 1918 flu. Throughout her life she survived cancer, internal bleeding and sepsis. In April, she survived coronavirus -- a virus that has taken nearly 1.5 million lives worldwide. (Read more: [( )  This cute old lady has survived so much in her life and remained invincible despite her age. So it is with trading, where one method has survived all these years too. Even when the stock exchange first opened its doors, floor traders were using price action to buy and sell, and it is still used today.  There is no question that the oldest trading method is price action. Oddly, though, a lot of traders don't really know about it. We're in a very strange time when it comes to trading. We live in a time where you have trading robots automatically trading the markets for people. This is just one of the signs that we've became a little bit too dependent on technology.   What Does It Tell Us?  Well...just about everything (at least from technical point of view). It gives you all kinds of valuable information such as support and resistance areas, where the trend is, the future direction of the price is headed, etc...  What's really astonishing is that price action is as old as the market itself. Ever since the opening bell of the first day of the stock market, iconic floor traders like Jesse Livermore, became millionaires at the turn of the twentieth century using the method.   What Become Of The Method?  Well, sadly many companies wanted to make trading more complicated than it has to be. Ever since, people have come up with trading systems that relied solely on indicators, the art of technical analysis has taken a backseat. Instead of traders making up their own decisions.  We have WAY too many traders who want to be hands-off in their trading, They want a completely mechanical trading system that can be used without interpretation. Sadly, they don't want to understand what makes the market tick (a.ka. price action).   How Do You Learn Price Action?  Well.... price action trading meant jumping off of the high bar and getting rid of ALL the indicators that were on charts. Then, just paid attention as to what was going on with the price.  You can't help but notice that there are patterns which would repeat itself over and over again.  If you are you having trouble receiving your 8020Prosperity.com subscription, you can ensure its arrival in your mailbox by [whitelisting 8020Prosperity.com and members@8020prosperity.com.]( 8020Prosperity.com (collectively, the âCompanyâ or âweâ used herein) bears no responsibility or control over the content of the advertisement and/or the product or service offered. This email is a paid advertisement. It is for a product or service that is not offered, recommended or endorsed by 8020Prosperity.com and neither the company nor its affiliates bear responsibility or control over the content of the advertisement and the product or service offered. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. 8020Prosperity.com, all individuals and companies affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as advice. Information for any trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. By reading, downloading or otherwise consuming this content your information may be shared with our educational partners. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of 8020Prosperity.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.
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