Intraday trading based on price action focuses on the raw price movements of an asset, rather

than relying heavily on technical indicators. Price action strategies can vary in complexity, but they
often revolve around classic patterns and candlestick formations. Here are some popular intraday
price action strategies:

1. Support and Resistance Trading:

 Identify significant levels where the price has historically struggled to move above
(resistance) or below (support).
 Buy near support levels and sell near resistance levels. Breakouts or breakdowns
from these levels can also be traded.
2. Pin Bar Strategy:
 A pin bar is a candlestick with a long wick on one side and a small body. It
indicates a potential reversal.
 A bullish pin bar (a long tail below the body) at a support level can be a buying
opportunity, while a bearish pin bar (a long tail above the body) at a resistance
level can be a selling opportunity.
3. Inside Bar Strategy:
 An inside bar is a candlestick that's entirely contained within the range of the
previous candlestick.
 This can indicate a potential breakout. A move above the high of an inside bar can
be bullish, while a move below the low can be bearish.
4. Trendline Trading:
 Drawing trendlines by connecting higher lows in an uptrend or lower highs in a
downtrend.
 A breakout from these trendlines can indicate a potential trend reversal.
5. Breakout Strategy:
 Wait for the price to break through a consolidation range or a significant
support/resistance level.
 Trade in the direction of the breakout. Consider volume as a confirmation; higher
volume can lend more confidence to the breakout's validity.
6. Candlestick Pattern Trading:
 Besides the pin and inside bars, there are many candlestick patterns like engulfing
candles, hammers, shooting stars, and more that can signal potential price moves.
7. Chart Patterns:
 Patterns like triangles, flags, head and shoulders, double tops, and bottoms can be
powerful indicators of future price movements when they are completed.

Tips for Intraday Price Action Trading:

1. Always use a Stop Loss: Protect your capital by determining the maximum loss you're
willing to take before entering a trade.
2. Manage Your Risk: Don't risk more than a small percentage of your trading capital on
any single trade.
3. Stay Disciplined: Avoid over-trading. If your chosen strategy doesn't present a trading
opportunity, it's okay to sit out.
4. Continuously Learn: Markets change, and it's essential to adapt and refine your
strategies.
5. Practice: Use a demo account to practice these strategies without risking real money.
Always remember that while these strategies can be effective, no strategy guarantees success
100% of the time. It's crucial to combine price action analysis with sound money management
and continuous learning.
c