I’m going to share my Simple Price Action Strategy. I use this strategy daily by itself and overlaid on top supply and demand and SMC for additional confluence. If you’re a fan of price action trading or want an easy way to trade without indicators, this thread may be for you.
I originally created this strategy to give my family members a way to analyze and trade with a specific set of rules and conditions and most importantly, would be easy for them to learn. I ended up finding an alternative use for the Fibonacci Retracement tool. I collected data, refined, and constructed a set of rules based on data to arrive at this Simple Price Action Strategy.
This method is super simple and repeatable. It’s based on Market Structure and Order Flow which are framed within Fibonacci Retracements. You only need to follow the simple rules and those baked in concepts will take care of themselves. This is good for those that are weak in Market Structure or find Supply & Demand or Smart Money Concepts too difficult. This tutorial is the lite version for beginners and will focus only on trend trading.
This strategy can be used on any timeframe where price retraces, which is every time frame because price is fractal . Lower timeframes will present more opportunities, but with a lower probability of success. Higher timeframes will have fewer opportunities, but will have a higher probability of success due to greater stability of price action.
This tutorial is a template to get you started. If you have some existing knowledge of price action, you can leverage your knowledge and refine this strategy to make it your own (highly recommended).