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what is price action?

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Nov 21, 2011 09:21 am
#1

Сообщения: 35
Зарегистрирован: 16/03/2011

A lot of people have this question in mind, what exactly is PRICE ACTION.

And why is PRICE ACTION KING IN FOREX?

To answer the above question, i start off with talking about indicators.

There are tons of indicators out there, be it forex or others. They work mostly the same way.

And there are new indicators coming out every other day.

Alot of traders when they first started trading forex, they have tons on indicators on their charts. Trying different combination of which works best for them. And at the end of the day, they get confused all over as one indicator may be telling you to go long, but the other is telling you to go short.

Which will result in you making bad decisions and end up blowing your account with a frustrated mind.

Why does it happen this way? Indicators are derived from the chart movements. Some indicators react faster, some slower.

However, as they are derived from the chart movements. They are 1 step slower than the chart. Which is in fact Price Action!

Price Action leads the indicators, and when price reverses it movement from short to long (example). The indicator which you are watching is one step too late. And by the time the indicator confirms it is going short, Price Action has taken the market to go Long.

This happens most of time, if not all of the time.

Therefore = ALL INDICATORS ARE LAGGING INDICATORS!

PRICE ACTION IS WHAT LEADS THE INDICATORS, IT IS KING IN FOREX!

By understanding Price action in forex trading, we are able to understand the ENTIRE PICTURE of the market.

WHY is the market moving up,

WHAT causes it to stop moving,

WHY is the market reversing

WHY is the market in consolidation

IT is like reading a book once you have mastered price action in forex. And the best thing is, It is not difficult!

It is even easier than you reading an indicator.

And when you mastered price action, with combination of our system. You will almost be able to pick absolutely MARVELLOUS TRADES all the time. CONFLUENCE is the King of the game. This is what equates to our high probablity trades with a high winning ratio.

To an Awesome Trading as Always,

Ezekiel Chew from www.asiaforexmentor.com

 

A complete professional forex trading system that even newbies can apply instantly. Asia Forex Mentor's forex course is now FREE!

Nov 21, 2011 05:05 pm

Сообщения: 939
Зарегистрирован: 21/04/2011

Originally posted by asiaforexmentor

A lot of people have this question in mind, what exactly is PRICE ACTION.

And why is PRICE ACTION KING IN FOREX?

To answer the above question, i start off with talking about indicators.

There are tons of indicators out there, be it forex or others. They work mostly the same way.

And there are new indicators coming out every other day.

Alot of traders when they first started trading forex, they have tons on indicators on their charts. Trying different combination of which works best for them. And at the end of the day, they get confused all over as one indicator may be telling you to go long, but the other is telling you to go short.

Which will result in you making bad decisions and end up blowing your account with a frustrated mind.

Why does it happen this way? Indicators are derived from the chart movements. Some indicators react faster, some slower.

However, as they are derived from the chart movements. They are 1 step slower than the chart. Which is in fact Price Action!

Price Action leads the indicators, and when price reverses it movement from short to long (example). The indicator which you are watching is one step too late. And by the time the indicator confirms it is going short, Price Action has taken the market to go Long.

This happens most of time, if not all of the time.

Therefore = ALL INDICATORS ARE LAGGING INDICATORS!

PRICE ACTION IS WHAT LEADS THE INDICATORS, IT IS KING IN FOREX!

By understanding Price action in forex trading, we are able to understand the ENTIRE PICTURE of the market.

WHY is the market moving up,

WHAT causes it to stop moving,

WHY is the market reversing

WHY is the market in consolidation

IT is like reading a book once you have mastered price action in forex. And the best thing is, It is not difficult!

It is even easier than you reading an indicator.

And when you mastered price action, with combination of our system. You will almost be able to pick absolutely MARVELLOUS TRADES all the time. CONFLUENCE is the King of the game. This is what equates to our high probablity trades with a high winning ratio.

To an Awesome Trading as Always,

Ezekiel Chew from www.asiaforexmentor.com



Price action trading style is considered to be most successful way of trading. It is true that in the end most of the forex traders use price action to make themselves profitable. But indicators have their own value.

Price action is not something like a fixed strategy. Its one's own understanding and skill how he uses it.

Stick to your rules

Nov 22, 2011 05:10 pm
Jogi User

Сообщения: 685
Зарегистрирован: 06/06/2011

This article doesnt explain--> "what is actually price action or what are different ways of interpretting?" This article compares it with other strategies. 

Does anyone here use price action as his trading style?

http://www.fxstat.com/widget/link?t=wide&c=1&s=26883&o1=growth&o2=drawdown&o3=monthly&o4=equity

Nov 23, 2011 05:20 pm

Сообщения: 939
Зарегистрирован: 21/04/2011

Originally posted by Jogi

This article doesnt explain--> "what is actually price action or what are different ways of interpretting?" This article compares it with other strategies. 

Does anyone here use price action as his trading style?



Well actually you cannot explain price action fully. Maybe you can explain basic components of a price action strategy. But the exact price action strategy depends on your experience and skill. This article is true about its comparison with other indicators.

Stick to your rules

Nov 26, 2011 03:20 pm
Sasha User

Сообщения: 836
Зарегистрирован: 16/05/2011

Originally posted by Jogi

This article doesnt explain--> "what is actually price action or what are different ways of interpretting?" This article compares it with other strategies. 

Does anyone here use price action as his trading style?



 

Basic definition of price action is "reading naked chart". There is no indicator involved. So thats all price action. There are many many articles on how to read naked forex charts. They claim to be the best articles on price action. But actually it can only be learnt on ur own. In the start it looks very stupid to just trade via forex chart with no indicator. So it may take a few years to learn it.

Nov 26, 2011 09:18 pm
IPNDASNO User

Сообщения: 100
Зарегистрирован: 12/05/2010

Originally posted by Jogi

This article doesnt explain--> "what is actually price action or what are different ways of interpretting?" This article compares it with other strategies. 

Does anyone here use price action as his trading style?

 



 

Yes, My best strategy is purely price action, but it is preformed on Futures Data feed and range bar charts. Not Time Based.  I feel that True Price action can not be based on Time, but actual Price movements not seperated by time.  

Nov 27, 2011 01:04 pm
illiterate User

Сообщения: 561
Зарегистрирован: 21/04/2011

Originally posted by IPNDASNO

 

Originally posted by Jogi

 

This article doesnt explain--> "what is actually price action or what are different ways of interpretting?" This article compares it with other strategies. 

Does anyone here use price action as his trading style?

 

 



 

 

Yes, My best strategy is purely price action, but it is preformed on Futures Data feed and range bar charts. Not Time Based.  I feel that True Price action can not be based on Time, but actual Price movements not seperated by time.  

 



You got some really excellent results in all of ur accounts. You managed to keep drawdown low. Do you plan to provide signals on fxstat?

https://www.fxstat.com/widget/link?t=medium&c=1&s=25892&o1=growth&o2=drawdown&o3=monthly&o4=equity

Jul 16, 2020 10:43 am
Asher User

Сообщения: 275
Зарегистрирован: 31/03/2020

Price action traders make use of the past history of a market’s price movement, most typically focus on the recent price action of the last 3 to 6 months, with a lighter focus on more distant price history. This price history includes swing highs and swing lows in a market, as well as support and resistance levels.

Jul 06, 2022 12:37 am
Posuraid User

Сообщения: 37
Зарегистрирован: 29/05/2022

Forex price action is exactly what its name implies in its most basic form. This is the "action" of "price." It describes the movement of a market, including trends and key support and resistance levels. However, price action trading in Forex also includes buy and sell signals.

Jul 15, 2022 02:15 pm
AduFx User

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Зарегистрирован: 06/07/2022

Price action refers to changes in the price of a security over time and forms the basis of all technical analysis of stocks, commodities, or other asset charts.

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