There are so many ways to monitor price action. TradeStation, NinjaTrader and MultiCharts are the most popular software platforms for such monitoring. One thing that all of these platforms have in common is a real-time chart view of the market, with indicators for price.
Here are a couple of examples:
http://www.daytradeemini.com/blog/2010/05/market_gapped_up_strong_earnin.html
…fairly complicated to look at, wouldn’t you agree?
This one is a little bit better, but you can see how multiple indicators can get in the way of following price:
http://www.prices-oil.org/daily-oil-prices/daily-oil-price-analysis-17-may-2010/
And finally, probably the easiest to follow – NinjaTrader and the DayTradeToWin.com Atlas Line:
Nothing to get in the way: pure price action trading where the methodology is as clear as the chart!
To find out more about price action trading using easy-to-understand charts and indicators, check out these videos:
…there’s also a part 9 but it’s rather short.