where can i learn PRICE ACTION trading ?

Discussion in 'Forex' started by ptatrading, Sep 19, 2020.

  1. Tradex

    Tradex

    I "only" watch/study 50,000 historical 5-min charts a year, but I promise to do my best and watch more.
     
    #21     Sep 19, 2020
  2. deaddog

    deaddog

    Take some time to just watch price. Not charts, look at time and sales.
     
    #22     Sep 19, 2020
    ElectricSavant likes this.
  3. Tradex

    Tradex

    Oh please.
     
    #23     Sep 19, 2020
  4. DevBru

    DevBru

    Luckily there is much much more to trade than just those violent trends.
     
    #24     Sep 19, 2020
  5. Tradex

    Tradex

    That much is true.
     
    #25     Sep 19, 2020
  6. What does price action trading mean to you?

     
    #26     Sep 19, 2020
    easymon1 likes this.
  7. roca

    roca

    Check out the book "Technical Analysis using Multiple Timeframes"
     
    #27     Sep 19, 2020
  8. Tradex

    Tradex

    By the way Investopedia gives the wrong definition of price action trading. The article says:

    "Price action is a trading technique that allows a trader to read the market and make subjective trading decisions based on the recent and actual price movements, rather than relying solely on technical indicators.
    https://www.investopedia.com/articl...roduction-price-action-trading-strategies.asp

    What are they talking about??
    The trader can make price action decisions based on 100% objective trading rules.
     
    #28     Sep 19, 2020
  9. deaddog

    deaddog

    How do you define price action?
     
    #29     Sep 19, 2020
  10. Tradex

    Tradex

    Trading without technical indicators, like MACD or RSI.

    Price action trading can be subjective (trendline breakouts, buying at "support", shorting double "tops", etc...) or objective (buying 20-day high breakout, shorting bearish engulfing candlesticks, buying or shorting 30-minute opening range breakout, etc...).

    Contrary to popular belief, a lot of price action techniques can be fully computerized and backtested.
     
    #30     Sep 19, 2020