Price action basics. Part 1 - Page 3
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Thread: Price action basics. Part 1

  1. #21
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    You said it all. The way you deal with the risk reward is a decisive factor to determine the actual trading results. Of course it is easier to concentrate on losses in wins, and this is the crucial challenge for marketers overcome. The benefit of focusing on opportunities combined with a trading style wise and efficient is desirable for any marketer who wants to produce good results with the market.


    Quote Originally Posted by PROPENSITY100 View Post
    Incurring a big loss in Forex is very annoying and this is why a trader should protect his capital while trading Forex. Many traders risk their entire capital at a time to earn huge profits and when they blow their accounts they find themselves in financial problems.

  2. #22
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    Quote Originally Posted by PROPENSITY100 View Post
    Incurring a big loss in Forex is very annoying and this is why a trader should protect his capital while trading Forex. Many traders risk their entire capital at a time to earn huge profits and when they blow their accounts they find themselves in financial problems.
    Yes it's right after blowing their trading account ,then they realized the importance of money management in forex business and why all expert trader always suggest about money management..price action strategies are best trading strategies in forex business which also help us to manage our trading capital very well..

  3. #23
    Quote Originally Posted by mark48 View Post
    Yes it's right after blowing their trading account ,then they realized the importance of money management in forex business and why all expert trader always suggest about money management..price action strategies are best trading strategies in forex business which also help us to manage our trading capital very well..
    Can you explain to me what are the techniques used in the price action?
    I mean, does only candlestick pattern is the only technique on price action, Could we work just look at the price, without looking at the chart? As the name, "price action".

  4. #24
    Thanks for the explanation I am the first time we touch on this explanation
    I like using price action in the trading, the psychology of the trader in the market

  5. #25
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    Quote Originally Posted by mark48 View Post
    Yes it's right after blowing their trading account ,then they realized the importance of money management in forex business and why all expert trader always suggest about money management..price action strategies are best trading strategies in forex business which also help us to manage our trading capital very well..
    Its never too late too learn. Even if after blowing the account a trader can realize his mistakes and make efforts to correct them, then he can learn the skills and strengthen his knowledge and proceed to recover his losses. But many traders do not leaven even after blowing their accounts.

  6. #26
    I have been learning the price action, I interested in the price action techniques. But I still do not fully understand. Personally, quite difficult to learn because the price action related to the psychology of the market (psychology of traders). I need a lot of time to be understand. I follow this thread to it is part to part.

  7. #27
    In my opinion the basic of price action is, of the observations and our knowledge of the candlestick pattern. If we already have the correct understanding and comprehend about the candlestick that, then we can know and recognize the movement as well.

  8. #28
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    Sir, after read from the first page till page 3, i am remember about supply and demand. Do you mind if i say price action is strongly correlated with supply and demand?. For example, if the price hit or entered supply area then sellers will try to entry the market, vice versa for demand.

  9. #29
    Quote Originally Posted by topman View Post
    Sir, after read from the first page till page 3, i am remember about supply and demand. Do you mind if i say price action is strongly correlated with supply and demand?. For example, if the price hit or entered supply area then sellers will try to entry the market, vice versa for demand.
    We need to know whether demand or supply was strong. If it is so, probably strong buyers and sellers may protect their positions, in this case things can be as you describe.

    Just one thing - what you mean by supply or demand area?

  10. #30
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    Quote Originally Posted by Value trader View Post
    We need to know whether demand or supply was strong. If it is so, probably strong buyers and sellers may protect their positions, in this case things can be as you describe.

    Just one thing - what you mean by supply or demand area?
    Sir, on my strategy i am always using fibonacci golden ratio (38.2 and 61.8, fibonacci expansion 138.2 and 161.8) as demand area and supply area for technical analysis. So, simply i can place pending orders at that area.
    I knew supply and demand is base on left candlesticks and confirmed by a strong candle bank (candle with strong body) breakthrough. Perhaps you can explain better than me about supply and demand, sir.

    Note : Area means the distance between fibo 38.2 and 61.8, or FE 138.2 and FE 161.8.

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