Short Term Trading without indicators

I am wanting to learn a method to trade Forex using Price Action, horizontal support and resistance. Also I am seeing all these indicators over charts and I just can't seem to read them for all the lines all over the price. After all are these indicators all price data anyhow? I am wanting to learn to Daytrade and eventually do more longer term trading, but right now I want to be able to open a trade and close it the same day. Can anyone suggest any threads that focus on Scalping or short term trading using Price action and as little indicators as possible. Can it be done? Also what about using Fibs? I am so confused and just can't seem to put all the info together to work out my system. I just know that I want to focus on PA and Support and Res and Keep it simple with confusing myself. Also how can I learn about intrepretting the fundamental stuff in also, eg... what makes the market move, what should I watch, what news etc affect the prices and how do I determine which direction price may travel based on this.

Have you got skype?

my username is emilehalpin. I'll be able to point you in the right direction...most people here ignore the most important information.

Want to learn to using short term PA? Take notes, this is some of what you need to study:

Inside Bar
Pin Bars AKA Pinocchio bar
Double Tops - Double Bottom bars

Study all and teach your eyes to spot those retracement and/or continuation candlestick patterns. Visit these sites for more information:


Day Trading Strategies for Beginners (Investopedia)
http://www.investopedia.com/articles...l.asp?viewed=1

James16 Price Action Thread (Forex Factory)
http://www.forexfactory.com/showthread.php?t=2331 (NOTE: Study the price action shown - Double Tops & Bottom and Pin Bars)

Thanks for the advice, I do take it seriously as I am serious about changing my future and also i have that strong desire and motivation to keep going no matter how tough. It has been tough as I feel like it's a slow journey just trying to figure out what will suit my personallity and style. I am still trying to figure it out but I believe these to be trusted methods, although I open to suggestions and like to keep an open mind. I was looking at also reading some good books on Price action... any suggestions.

With regards to the James 16 thread, I know it's free and i should just probably stick to it but I am seriously considering joining his paid membership as it will filter out much of the other stuff that isn't valuable.

Also there is a Australian guy called Nial Fuller who teaches trading PA so I am also considering his course as there are no ongoing fees and it seems very simular.

Like I said I am open to suggestions on education ( preferably free or low cost)... some other good threads and systems.

Also can anyone tell me... as I am a novice at this, is it best that I stick to trading the longer tf's. Short term appeals to me, however maybe it may be a little more advanced. Is short term more or less profitable or does it depend?

yes I do have skype: Although I have a new computer and need to download it again, my user name :Magisana

Thanks in advance for the widsom of the more experienced.

You don't need to pay for anything, even though James16 pf may be worth it. It's not necessary. You can grasp the basics for free, and only have a couple of months membership later on when you have learnt more.

why not say it here? why the need for skype?
many people might be able to benefit from what u have to say


magisana,
u can continue on reading/learning about PA trading at james16 thread. also BillyRayValentine's & strat's threads.

Hi, if I am not wrong, I think Nial has some videos on Youtube. You can try to search for forex and see.