I have my first contact of the concept of price action at J16's thread. It talks about pinbar, outsider bar, etc. and how to trade with them. Basically, the bar patterns included in it are reversal bar pairs. Nevertheless, I think price action includes reversal pairs but not exclusively only about reversal pairs.
What is not included extensively in the thread is the physics or market psychology behind price action in general.
I know someone can scalp for 10-20 pip a time with 1:1 virtually as many times as they want in a day, and with definitely more winners than losers, by trading price action together with support/resistance and trendline.
They can interpret each candlestick and the particular sequence and arrangement of the candlestick in their own terms to make their decision. I think interpret price action is also called "tape reading" somewhere.
I do want to learn more comprehensive about price action, includes the principle behind them. Any experienced trader can recommend some good material for me?
Thanks in advance!
What is not included extensively in the thread is the physics or market psychology behind price action in general.
I know someone can scalp for 10-20 pip a time with 1:1 virtually as many times as they want in a day, and with definitely more winners than losers, by trading price action together with support/resistance and trendline.
They can interpret each candlestick and the particular sequence and arrangement of the candlestick in their own terms to make their decision. I think interpret price action is also called "tape reading" somewhere.
I do want to learn more comprehensive about price action, includes the principle behind them. Any experienced trader can recommend some good material for me?
Thanks in advance!