the price action its all about to predict the real faction of this market place by candlestick pattern.
i dont think so this is the most correct answer actually , you should explain more about this to clear the message.
Price action trading, in simple terms, is a type of technical analysis that involves examining past price data to identify trends and make trading decisions. You should be good at analysing candlestick charts if you want to be a good price action trader.
For the most part it's a useless generic theme some traders say to sound smart. Like saying drinking water is good for your health. Calhoun for example keeps saying "price action is everything" then proceeds to do some really strange trades trying to blind guess reversals.
yes but to be experienced about price action is a long time approach , need a good patience after all.
Start somewhere simple with well defined rules and work out from there. Keep stats. Double Top and Bottom https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-18#post-5309309
Trading decisions in price action trading are based on price fluctuations rather than technical analysis-derived indicators. In plain English, traders do their trading in response to price movement.
to be expert about price action is really a challenging issue , need a very long time experience with a great level of patience.
Hi, I will try to explain this as best as I can. So..price actions are trading decisions based on price movements instead of solely relying on technical indicators. It is typically used by traders with short to medium time frames in the short-term and highly liquid markets. Some famous price action strategies that you can explore are trendline breakout, tweezer, and head and shoulder.