Price Action? | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price Will Tell - Supply/Demand Price Action Trading 1,858 replies

Price Pattern Notifications/Trend Alert Price Action Scanner 7 replies

Price Activity indicator (not Price Action) 7 replies

House price data price action 1 reply

Attachments: Price Action?
Exit Attachments

Price Action?

  • #1
  • First Post: Feb 23, 2006 1:06pm Feb 23, 2006 1:06pm
I'm a newbie so forgive if this is a stupid question. I've read in a few threads where folks mention "price action setup" or "price action trade" etc. What is this price action concept? Is this the same as TA? Is this candlesticks or s&r lines?

Thanks,
cm
  • #2
  • Feb 23, 2006 1:50pm Feb 23, 2006 1:50pm
Quoting chartmonkey
I'm a newbie so forgive if this is a stupid question. I've read in a few threads where folks mention "price action setup" or "price action trade" etc. What is this price action concept? Is this the same as TA? Is this candlesticks or s&r lines?

Thanks,
cm
Not a stupid question at all. That's how we learn here; by asking questions!

THE best place to introduce yourself to the magic of price action is in this thread:

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

Price action lets you trade profitably on a naked chart, using price only. Jim (James16) who teaches in that thread is a 20+ year veteran trader who is not only a master at teaching price action, but is also one of the nicest guys you'll ever encounter!

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #3
  • Feb 23, 2006 1:57pm Feb 23, 2006 1:57pm
Please click on the link below for some explaination on Price Action.
http://www.dacharts.com/articles/Buf...ice_action.php
  • #4
  • Feb 23, 2006 2:19pm Feb 23, 2006 2:19pm
Trading using price patterns, taking into cosideration support and resistance, trend lines, and also using the larger time frames to determine if the shorter term trend agrees with the longer term trend, is the best way to trade.

Indicators based on mathematical formulas have lag. If you rely solely on those indicators and trade using only one timeframe, espescially charts less than 1 hour, you will not be consistantly profitable in the long run.
  • #5
  • Feb 23, 2006 4:10pm Feb 23, 2006 4:10pm
Quoting mangala
Trading using price patterns, taking into cosideration support and resistance, trend lines, and also using the larger time frames to determine if the shorter term trend agrees with the longer term trend, is the best way to trade.

Indicators based on mathematical formulas have lag. If you rely solely on those indicators and trade using only one timeframe, espescially charts less than 1 hour, you will not be consistantly profitable in the long run.
AMEN
  • #6
  • Feb 24, 2006 11:54am Feb 24, 2006 11:54am
Thanks for the info guys. I'm still learning and obviously I've got more to do. Heh. I have always thought that using chart patterns, trendlines, S&R and indicators was all grouped into the technical analysis box. Apparently this is not a correct assumption on my part. I will be checking out these links asap.

Thanks again!
cm
  • #7
  • Feb 24, 2006 2:20pm Feb 24, 2006 2:20pm
It is like candlestick but more simplier method. You should also look for S. Nisson book about candlestick. For me it is a bible.
  • #8
  • Feb 24, 2006 2:30pm Feb 24, 2006 2:30pm
Quoting tomecki
It is like candlestick but more simplier method. You should also look for S. Nisson book about candlestick. For me it is a bible.
You may want to start looking here.
There are a tone of big name trading e-books here for free.

http://www.giuciao.com/books/trading.htm

Including 3 of Nison's
  • #9
  • Mar 1, 2006 4:06pm Mar 1, 2006 4:06pm
for the info. It seems that price action and candlestick analysys are pretty similar. Are there any recommended books on price action studies?

cm
  • #10
  • May 5, 2007 11:50am May 5, 2007 11:50am
Quoting chartmonkey
for the info. It seems that price action and candlestick analysys are pretty similar. Are there any recommended books on price action studies?

cm
I've searched high and low for books on price action and have yet to come up with anything. let me know if you do!
  • #11
  • May 5, 2007 11:57am May 5, 2007 11:57am
Quoting FXTradeX6
I've searched high and low for books on price action and have yet to come up with anything. let me know if you do!
pring on price patterns
  • #12
  • Jul 19, 2007 3:43pm Jul 19, 2007 3:43pm
  •  Trader#0000
  • | Status: Unregistered Trader

Hi,

I am new to technical analysis. Have traded stocks, commodities and forex before but primarily using fundamentals. Ever since I have found this it has opened my eyes to some thing so great so I am reading and learning and trying to absorb as much as I can.

While I understand what the PA bars means from the description and am in the process of analyzing charts bar by bar to see if I can find them.

The issue is that which ever broker I use to download MetaTrader4 (have tried Alpari and North Finance). The time axis does not make sense to me. I can’t figure out what they are set on. I am in Washington DC (EST) but when I look at the North Finance charts it is about 7 hours ahead and Alpari is 6 hours ahead. So basically both of them don’t seem to be using GMT which is what I want to do.....find a metatrader 4 download which is using GTM.....so here are my questions:

Am I right to be wanting to do GMT since that’s what I gathered from reading the thread that it is the preferred?

Can someone recommend how to get it and from where?

Can I change the settings somehow for the quotes to appear in GMT?

Sorry, for such a long explanation and silly questions but I really need help.

Thanks.
  • #13
  • Dec 30, 2008 7:38pm Dec 30, 2008 7:38pm
Quoting Bemac
You may want to start looking here.
There are a tone of big name trading e-books here for free.

http://www.giuciao.com/books/trading.htm

Including 3 of Nison's



Bemac, I tried yr link for Ebooks but it seems to be dead, it was a while ago you put the link , thx though

I found some Steve Nison books on http://www.pdf-search-engine.com/steve-nison-pdf.html

good luck everyone who is searching for knowledge
dont give up you will find it
  • #14
  • Oct 28, 2010 11:32am Oct 28, 2010 11:32am
newbie reporting!

sorry for having to ride on this thread as i can't post new thread

i'm right now going through babypips school for the second time, and halfway through it, i came across Price action strategy while browsing through FF forums and feel really intrigued by it. It appears to me that PA seems to make alot of sense and does not involve the use of lagging indicators.

however, someone mentioned that PA is not for newbies as it would be too challenging & difficult to master for people who are new to forex, it's more for savvy & experienced traders... is that true? if yes, could you please share with me the reasons?

right now, i'm thinking should i still continue with the babypips school and then go on to read up all about PA? or should i just go straight to learning all about PA? i'm really confused http://forums.babypips.com/images/smilies/confused.gif

i'm aiming to start demo in dec so i do not have much time left to do go through the theory aspect. i'm giving myself timelines for my forex journey...and don't wish to drag on as i've wasted too much time on other things for the past 2 years when i was supposed to get on with forex.

FYI, i'm still learning the basic of forex and have not started on demo.

any kind advice will be deeply appreciated http://forums.babypips.com/images/smilies/redface.gif
http://forums.babypips.com/images/misc/progress.gif
  • #15
  • Oct 29, 2010 1:08pm Oct 29, 2010 1:08pm
Quoting arbuthen
newbie reporting!

sorry for having to ride on this thread as i can't post new thread

i'm right now going through babypips school for the...
however, someone mentioned that PA is not for newbies as it would be too challenging & difficult to master for people who are new to forex, it's more for savvy & experienced traders... is that true? if yes, could you please share with me the reasons?

Whoever told you this is full of it. It is just a trading style not based on lagging indicators

Price action:

1. Support/Resistance = demand/supply these are seen by levels of increasing price, or decreasing price levels

2. Trendlines vertical the ones that go / and


Demand Resistance
Support Supply

Resistance is up top (where people like to sell)

Supply is at bottom (where people like to buy)

Price action is studying and identifiying the behavior of a chart without Moving averages, MACD, Bollinger Bands ect...

either way price action or with all the indicators none of it is easy, they are each unique in their own ways.
Know when to hold em, Know when to fold em!
  • #16
  • Oct 29, 2010 1:13pm Oct 29, 2010 1:13pm
Quoting arbuthen
newbie reporting!

sorry for having to ride on this thread as i can't post new thread

i'm right now going through babypips school for the...
That is absolutely not true. You can learn how to use PA early on. In fact it's the best thing you can do instead of wasting time hoping from one indicator system to another.
  • #17
  • Oct 29, 2010 5:09pm Oct 29, 2010 5:09pm
Forex Price Action

~ 389'000 results (0.11 Seconds)
  • #18
  • Oct 29, 2010 10:47pm Oct 29, 2010 10:47pm
Quoting goods
[b]however, someone mentioned that PA is not for newbies as it would be...
Thanks & goods & TJPLD for your replies, it is much appreciated. at least now i know that it is not meant to be that challenging for new comers though i got the drift from reading the contributions here @ FF that PA requires one to spending time observing the charts and get a feel of the momentum.

i guess i would still go on finishing the babypips school curriculum to have a basic understanding on trading FX and the TAs & then go on to do some serious study of PA while spending screen time reading the charts. after that, i plan to proceed to demo using PA once i'm able to understand it well enough.

any comments on my plans?
  • #19
  • Oct 30, 2010 1:14pm Oct 30, 2010 1:14pm
Hey arbuthen,
I think you've got a good plan. Forex Factory also is a great place to learn new strategies.
After you're happy with your demo trading you can open a live account with as little as $100. And then start trading pennies. So this way you're using real money but if you lose it, it's not the end of the world. Good luck!
  • #20
  • Nov 13, 2010 12:00pm Nov 13, 2010 12:00pm
Quoting chartmonkey
I'm a newbie so forgive if this is a stupid question. I've read in a few threads where folks mention "price action setup" or "price action trade" etc. What is this price action concept? Is this the same as TA? Is this candlesticks or s&r lines?

Thanks,
cm


here is an example of price action trading and how l read raw price



Attached Image (click to enlarge)
Click to Enlarge Name: loony PA.jpg Size: 82 KB


Attached Image



another example



Attached Image (click to enlarge)
Click to Enlarge Name: dkk 15min.jpg Size: 144 KB



Attached Image (click to enlarge)
Click to Enlarge Name: dkk 15min r.jpg Size: 137 KB







for many other examples of live trades which is based on price action without all the frills visit the thread - Price is everything




Red
0 traders viewing now