I have been trading a demo account off and on for about 4 years without making consistent profit. It seems like I have used every indicator combination in the book with little success. This past week I threw all my indicators in the trash and traded on support / resistance levels with much better results. I have a few questions for the pros and mentors out there. I hear the word Price Action being used all the time without the term being defined. What is actually considered price action trading? Are Fib levels price action? Support / resistance? Pattern Formation? I'm starting this thread in the hope that others like myself who want to trade indicator free and get back to the basics and be successful. I have so many questions but I thought it would be a great start to define price action as it applies to trading the currency market
Thanks,
Scott
Thanks,
Scott