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Trading with price action involves analyzing and making trading decisions based on the movement and patterns of a security’s price, without using indicators or other technical tools. Here are some techniques and best practices for trading with price action:

1. Understand key price action concepts: Learn to identify common price action patterns, such as trendlines, support and resistance levels, and candlestick formations. These concepts can provide valuable information about price direction and potential entry and exit points.
2. Use multiple time frames: Analyze price action across multiple time frames, such as daily, 4-hour, and 1-hour charts. This can help you identify key trends and patterns and make more informed trading decisions.
3. Identify key levels: Look for significant support and resistance levels and use them to guide your trading decisions. These levels can help you identify potential entry and exit points and manage risk.
4. Manage risk: Use stop-loss orders to manage risk and limit potential losses. Determine your risk-reward ratio for each trade and make sure it aligns with your trading strategy and risk tolerance.
5. Trade with the trend: Identify the overall trend and look for opportunities to enter trades in the direction of the trend. This can increase the probability of success and minimize potential losses.
6. Practice patience and discipline: Don’t enter trades based on impulsive decisions or emotions. Wait for clear signals and confirmations before entering a trade, and stick to your trading plan and risk management strategy.
7. Keep a trading journal: Keep track of your trades, including entry and exit points, the reasoning behind each trade, and the outcome. This can help you identify patterns and areas for improvement in your trading strategy.
8. Continuously educate yourself: Keep up-to-date on market news and trends and continue to learn about price action trading techniques and strategies. Attend webinars and seminars, read books and articles, and engage with other traders to improve your skills and knowledge.

Trading with price action requires discipline, patience, and a thorough understanding of key concepts and techniques. By following these best practices and continuously improving your skills, you can develop a successful price action trading strategy.