Price Action Trading: Multiple Confirmations

Price Action Trading: My Hilarious Journey With Multiple Confirmations

Let me tell you about the time I thought I was the next Warren Buffett, armed with nothing but my laptop, a bag of chips, and an unhealthy obsession with candlestick patterns.

The Day I Discovered Price Action

It was a Tuesday. Or maybe a Wednesday. Who remembers? The important thing is that I had just watched my third YouTube video about trading, so naturally, I was now an expert.

“Price action,” the guru said with confidence that could sell ice to penguins, “is all you need to understand the markets.”

No fancy indicators. No complex algorithms. Just the raw movement of price on a chart. Seemed simple enough for my sleep-deprived brain to handle.

My First Trade: A Comedy of Errors

There I was, staring at a chart of some cryptocurrency with more Xs and Ys in its name than a high school algebra problem. The price had formed what I thought was a “perfect bullish engulfing pattern.”

I clicked “Buy” faster than I swipe right on dating apps.

Five minutes later, I was down 5%.