(c) SwingTracker has real-time quotes and charts, and includes all of the technical indicators discussed on MrSwing.com. In addition, MrSwing's SwingLab uses SwingTracker's scanning engine to find new trading opportunities. On top of equities, SwingTracker comes with real-time Stock Options support. Now you can even add E-mini Futures! TRY SWINGTRACKER FREE FOR 30 DAYS

In the chart, the bars is be grouped to reduce and noise by highlighting the pivots (shaded squares). These are the areas to determine where the market is going judging by its HIGHER HIGHS and HIGHER LOWS principle. The price action comes in waves... rising and falling, rising and falling. By marking these pivots, the eyes will simplify market structure into a simple question: is the market going up, is it going down or is it going sideways? Here’s the view of the weekly chart from the same areas as the above chart.

 
(c) SwingTracker has real-time quotes and charts, and includes all of the technical indicators discussed on MrSwing.com. In addition, MrSwing's SwingLab uses SwingTracker's scanning engine to find new trading opportunities. On top of equities, SwingTracker comes with real-time Stock Options support. Now you can even add E-mini Futures! TRY SWINGTRACKER FREE FOR 30 DAYS

The market has been in an uptrend so the daily chart action has reinforced the uptrend with HIGHER LOWS and HIGHER HIGHS.

Here are the advantages to using price action:
· It is a leading indicator, not a lagging indicator (many indicators are based on price so it lags by a few bars if not more).
· Any timeframe, any market, price action doesn't change (wave-like actions) except the frequency and the width (personalities of each symbol).
· Helps quickly identify the market’s bias (up, down, or sideways).
· Helps identify entry and exit points.

Not many traders understand or use price action as their choice of weapons to trade, choosing indicators alone to make their decisions, leaving them to know the indicator but not the market. They may only see the price charts when they're about to make the entry or exit. But having a grasp of this concept gives a trader a major advantage… the trader understands the market structure better than the other traders. Use it with an indicator or two along with volume and support and resistance, with time the P/L will prove that price action is an indispensable tool.