Price Action for Newbies HELP WANTED!

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

I'm not an authority on it, but I think that Price Action can mean a lot of things. For some it might be the things you mentioned (Fibo, etc) but for me it's about the SMA. I take long term SMAs and apply it to short term charts and that provides my Price Action guidance.

Hey Scott

Come learn some price action over here

http://www.forexfactory.com/showthread.php?t=2331

Best of luck

Mike