Disliked{quote} You only confirm what I wrote. Price is what price does - Always seeking the right price which is influence by events globally - import, export, war, nature, politics. Who import, export good's = human's Who make war = human's Nature ='Nuke's = disaster's = human's Politic's = human's Now what does a trader do when he see that price on the chart? He's reaction will be one of 4 = No trade, Buy, Sell, Close trade. Why - Price already contain all the information that happens world over.Ignored
By the way only reason I had asked to check the link was hoping that it would be better at explaining to you. Evidently it did not but yet you found fault to discredit it.
Alright I will give it an another shot. you need to understand 3 things. Price, price action and price action trading.
NO "Price is what price does - Always seeking the right price which is influence by events globally - import, export, war, nature, politics."
Lets's get to the basics, ignore outside influence for now.
First: Price is a set or an agreed arbitrary number between two people( including traders). Price doesn't set its price by itself, we do it.
Second: Price action is the characteristic of the price movement. A farmer sells apples at a set price for few days and then raises to another level ( reasons - greed, influx in demand/supply, anything for that matter) But if not a single person to buy it at that level then the raised price for the apples doesn't have meaningful value. It is worthless at this point but it was worth something when it was cheaper. But on the other hand if the farmer manages to sell at new price and it is the norm.
Then as we ( people - traders, consumers, importers/exports) see the turn of events and describe it as ( I am going to use the technical terms) price "ranged" or stayed at a level for few days then it "broke out". Characteristic of that very movement of price from point A to B is called price action.
If we plot that movements of price and interpret it as impulsive move to the upside in a given time frame or had the farmer able to sell to at least to one person at a higher price but had to bring it down to original price within a given time then we call it " a pin bar".
Price action is the characteristic of price movement NOT "Trader see a pattern his reaction to that pattern is : Price Action"
Price action trading is the action of an individual based on price action ( movement of price). Exporters/importers see the price shot up high, he/she decides to buy apples from the farmer. if the speculators/investors buy in to that movement because of price action( movement of price) then it is called price action trading.
What is trading: you can physically buy apples from the farmers, investors trade stocks, trade real currency or demo account, it doesn't matter. Essentially things change hand between two individuals.
End of the day we are all traders my friend. You can choose to act based on price movement as a "price action trader" where price gets interpreted first hand (directly) or indicator trader where you get second hand information. Choice is yours................
IF you still want to argue for the sake of argument.........I give up!!!
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Allow me to deal with some personal stuff first, and I will get back to you when I am able to commit. Thank you!
yes, me.
