Learning Price Action

Hi FF Members,

Sorry for the noob question,

Whats the best way to learn price action and whats included in it? Mean to say S/R , candle stick patterns.
Any information on PA courses / material will be highly appreciated.

Thanks

Mazibee

Well if your wanting to learn price action then be prepared to put in a lot of time and effort. It's not as straight forward as one might think and there is a tapestry of info you have to put together. Keep in mind while your learning that you are participating in a market with professionals who understand price action and order flow and you don't, so doesn't it make sense to try and be with them rather than against? This a great pdf ebook to get you going you need to read it about 20 times though... http://tradeguider.com/mtm_251058.pdf

A bit of a list of the basics of what you need to learn-understand definitively and thoroughly, in no particular order. I will tell you now though that most of the information you find online and in books is basic and incorrect and why so many people fail and say it doesn't work,so you have to take this basic information, learn it, put it into action in the live market and through the knowledge your going to gain from applying it to the live market you will start putting the tapestry together.

Support resistance (structure)
(key)Reversals (which includes exhaustion and bases )
momentum
corrections (this includes pullbacks)
Swing highs and lows (structure h-l)

GL

Thats for the PDF seems OK. Price action is tough to learn but I believe it is the ONLY way to really make money. You can't follow an indicator and expct good signals

Ignore the traderguider software it's a crock,but the ideas are good.
Correct, it's more than possible and when you start to work out a few things and start to see when the pro's are buying and selling it will blow the top of your head off,you need to learn volume with what price is doing and putting it into strategies is what will get you there. Best to stay away from forums and just stick to the live charts, all the negativity and can't do this can't do that people are best to stay away from...

PA is a myth. Soon they will make a movie on Discovery channel (by Myth Busters)...

There is a guy who wants your money. Mr HilMy83. Just skip the PA learning part and pass your money directly on to him instead. Trust me. You will spare enourmous portion of your life, by not wasting your time chasing some 'working myths'...

every 2 ,3 mo question always up .... here .... save that $10 k

az logg az you can name the thier body parts ... and the form mation they make ... u r goat sent trader ready ....


dont need sky thinker .........


and dunt over kill ... kizzz ....

2c

Search Youtube videos. There are tons of free good videos out there.

A couple of threads by 'real pro' traders who trade price action full time...

https://www.forexfactory.com/showthread.php?t=402253

https://www.forexfactory.com/showthread.php?t=230888

there are tons of price action resources available online.
far too many and it will take you your lifetime to read them all, and
you will find many generic stuff repeated by different forex trading websites, coaches, gurus, etc.
you will get a full information overload and you will not progress in your trading.
you need to know exactly what you need which you want to add on to your trading system development.

I started learning from Steve Nison's Japanese candlestick workshop course in 1990s.
Further my own research and self study with Thomas Bulskowski's resources , his books and website Pattern Site.
Went on and learn from Joe Dinapoli 2007 - 2008.

But after spending the thousand of hours and thousands of dollars, I only use 5% of all that I learned.

Trust me, you will get information overload. I have been through that phase many times and I learn how to get out of it. I know what that means when people say 'keep it simple'. It comes back to what my own beliefs through my own experience.

I would start with breakouts, failed breakouts, and drawing trend lines. That is really all you need for PA.

Thanks Headfake, MoneyZilla. Emmanuel and jmn5611

For me understanding Support & Resistance was crucial to be able to read PA

Price consists of 3 things
1. Spikes
2. Grinds up/down
3 Sideways
Study each of them. and the structure they leave.