Pure action of the price

Imagine:
Open the market
The market goes up
so
I look for shares with an average volume higher than 1M
I look for the ones that go up from the opening
so
I verify that they had a large relative volume the previous days
so
I check the candle
must be marobouzu white
I buy
2,3 or 4 stocks
I place stops under the first marobouzu sail
Is it a good system?
Has anyone tried it?
 
chart.ashx
 
Imagine:
Open the market
The market goes up
so
I look for shares with an average volume higher than 1M
I look for the ones that go up from the opening
so
I verify that they had a large relative volume the previous days
so
I check the candle
must be marobouzu white
I buy
2,3 or 4 stocks
I place stops under the first marobouzu sail
Is it a good system?
Has anyone tried it?
Doesn't sound much like "pure" price action, sounds like an overly complicated system. If you want to learn how to trade price action, choose ONE market and ONE timeframe. Sit and watch price until you start to get a feel for it.
 
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