Firstly, people can see that I joined here in 2008, I've been trading on and off since then.
Price Action is a marketing tool, if you have been sold it then I'm sorry, and this is just my opinion. What happened is some people realized that they could sell something which wasn't an indicator as the holy grail of "real trading", total BS.
Now, I can't really go into it much, but I do occasionally teach the odd bit of Price Action. You might ask me: "If you don't believe in it, why do you teach it?"
There are reasons for that, but basically any real understanding of PA can be cursory in an understanding of stop losses,s&r which should all be linked in to your money management.
The famous inside bar, is basically a retracement.
The famous pin bar, is basically a swing low/high
What I'm trying to say is that it's actually confusing you. You have a nice reversal over a period not nicely lining up in your candlesticks or bars, and you don't even see it.
Worse still is that If you analyze the flow of an inside bar, you can see that some of them can give you a false idea of what the movement (price ranging within a small area) is.
One piece of advice I would give new traders: Take all of that time you are learning "systems", and PA is one don't let anyone fool you, and learn how to properly calculate your risk, split your trades, and have the patience to not trade, and to strictly stick to your risk management..
Price Action is a marketing tool, if you have been sold it then I'm sorry, and this is just my opinion. What happened is some people realized that they could sell something which wasn't an indicator as the holy grail of "real trading", total BS.
Now, I can't really go into it much, but I do occasionally teach the odd bit of Price Action. You might ask me: "If you don't believe in it, why do you teach it?"
There are reasons for that, but basically any real understanding of PA can be cursory in an understanding of stop losses,s&r which should all be linked in to your money management.
The famous inside bar, is basically a retracement.
The famous pin bar, is basically a swing low/high
What I'm trying to say is that it's actually confusing you. You have a nice reversal over a period not nicely lining up in your candlesticks or bars, and you don't even see it.
Worse still is that If you analyze the flow of an inside bar, you can see that some of them can give you a false idea of what the movement (price ranging within a small area) is.
One piece of advice I would give new traders: Take all of that time you are learning "systems", and PA is one don't let anyone fool you, and learn how to properly calculate your risk, split your trades, and have the patience to not trade, and to strictly stick to your risk management..
