Joined Oct 2014
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Status: Are you watching closely?
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Price is everything. No indicators. Just quantifiable trading. Once this is known, market liquidity is the real problem, causing order imbalances. https://www.forexfactory.com/thread/post/14886926
I don't know if anybody cares if I say this here, but the title of this thread is 100% true: price is everything. As a short-term trader, you only care about the price at which the asset is selling and how many people are buying and selling. I wish this thread were more active so we could talk more about price action. To this day, price action remains my favorite way of analyzing any market.
I don't know if anybody cares if I say this here, but the title of this thread is 100% true: price is everything. As a short-term trader, you only care about the price at which the asset is selling and how many people are buying and selling. I wish this thread were more active so we could talk more about price action. To this day, price action remains my favorite way of analyzing any market.
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If many traders follow same idea this would make sense, because patterns in community attention to something creates patterns in price thus justifying price action analysis
{quote} If many traders follow same idea this would make sense, because patterns in community attention to something creates patterns in price thus justifying price action analysis
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I think this is wrong. Someone has to win and someone has to lose. The loss of one becomes the profit of the other.
Don't you think you are trading on the blind, if you don't understand fundamentals? Who is profitable with only price action? I've never seen a single profitable track record based on pure price action. NEVER!
Show me a pattern 50 times.. I will show you another 50 times it hasn't worked; in the same timeframes, same period.
When you increase your R:R ratio, you winners will be half your loosers.
Don't you think you are trading on the blind, if you don't understand fundamentals? Who is profitable with only price action? I've never seen a single profitable track record based on pure price action. NEVER! Show me a pattern 50 times.. I will show you another 50 times it hasn't worked; in the same timeframes, same period. When you increase your R:R ratio, you winners will be half your loosers.
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Thank you for sharing your valuable thoughts with us. What is your trading plan and strategy?
I am new here and this is off topic, but I have a doubt regarding MACD
MACD in 5min timeframe and 15min timeframe are in opposite direction, then which direction the chart will move probably?
I am new here and this is off topic, but I have a doubt regarding MACD MACD in 5min timeframe and 15min timeframe are in opposite direction, then which direction the chart will move probably?
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This will happen a lot. Wait for short TF to align with longer TF.
