DislikedThanks Jaroo. I shall look for the bigger story in this case..
so far i m loving PA with S/R.
Would you also agree that PA + S/R is closest thing that comes to predicting future price movements, from your experience..Ignored
Absolutely, zamfir . . . .I would take it one step further, that PA is the product of or the result of Support of Resistance levels. Meaning the PA formations are "born" from S/R levels or from other types of S/R stories like Price Patterns.
That's why I say we like to see PA as "part of a bigger story". . .. many new traders to this material (which I was one) think that PA "is the bigger story".
Once we see that PA as part of a bigger story instead of thee story . .we can see the market as a whole and have a better chance to exploit it.
Jim
Indicators show the past. Price Action "Indicates" the future.