Price action basics part 2 - Page 3
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Thread: Price action basics part 2

  1. #21
    I would like to say that if you are a newbie you must learn the basics of the price action to be able to make profits easily. Trading with the price action will be the best way to trade Forex, it is so simple and so effective and also you will make good profits. So keep in mind that if market sometime repeating same movement pattern while going up and going down so we can use price action method.

  2. #22
    Quote Originally Posted by Rizwan Aziz View Post
    I would like to say that if you are a newbie you must learn the basics of the price action to be able to make profits easily. Trading with the price action will be the best way to trade Forex, it is so simple and so effective and also you will make good profits. So keep in mind that if market sometime repeating same movement pattern while going up and going down so we can use price action method.
    Is it really easy?

    Consider all misleading signals and conflicting information. Market is a very complex place, so even if you rely on price action, it would never be easy for you. Discretionary trader's decision making process can't be easy.

    It can be simple, but difference between "simple" and "easy" is tremendous. To find simplicity you should put hard work.

  3. #23
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    Quote Originally Posted by Value trader View Post
    Is it really easy?

    Consider all misleading signals and conflicting information. Market is a very complex place, so even if you rely on price action, it would never be easy for you. Discretionary trader's decision making process can't be easy.

    It can be simple, but difference between "simple" and "easy" is tremendous. To find simplicity you should put hard work.
    Yes, i agree. when i trade using price action, it really not easy for me to make good analysis. I already tried to use trendline, candlestick pattern, 123 pattern, support and resistent and other price action strategy, but no one of them works well for me. It looks like simple trading strategy, but when i use it in my real trading, then it really not easy

  4. #24
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    Quote Originally Posted by Jamuna View Post
    This is indeed a good thread through which I am able to learn a lot. Being a beginner, it brings me much knowledge on price actions. The more I go in depth of forex trading the more I wonder to learn many new aspects of this trading. I take the opportunity to express my heartiest thanks to the thread beginner to invest their much time to teach newbies through such types of learning materials.
    Yes this thread is very good for new traders to learn about price action trading strategies,i also still learner of these strategies,these strategy are best if you first learn them very well and then make some good practice too,because nothing can be achieved without doing good practical work..

  5. #25
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    Quote Originally Posted by mark48 View Post
    Yes this thread is very good for new traders to learn about price action trading strategies,i also still learner of these strategies,these strategy are best if you first learn them very well and then make some good practice too,because nothing can be achieved without doing good practical work..
    the good thing about learning price action strategy that it is something unique and new and different form what we used to do in the market,as it is more interesting and exciting than just attaching an indicator to the chart and wate for buying or selling signals,this is a new level of market analysis we should know about.
    Bend your view to the charts, not the charts to your view

  6. #26
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    Thanks valued trader for trying to teach us through this thread. This is indeed a good topics to learn about price action and I gained much knowledge on it. Side by side of learning we need to ensure the use of this learning through real trading which can give us practical experience on price action.

  7. #27
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    Quote Originally Posted by uchexxx View Post
    After reading your post I've also learnt that that e

    - - - Updated - - -

    After reading your post I've also learnt that the currency market is very emotionally driven,and also the fact that psychology analysis is very important to be able to have a idea of what market participant are up too.I must say forex is quite complicated especially if you you want to be a long term trader,for me I prefer short term targets.
    well they say that emotions and rumors drive the currency market but it is difficult to determine the sentiment or the current emotion status of the market based on studying a part of it because the psychology of the market is the collective emotional response of millions of its participants which differ from each other.
    Bend your view to the charts, not the charts to your view

  8. #28
    yes, this is totally correct and i'm totally agree with you that 'rapid move is a sign of big money buyer or seller'. we are totally able to understand this by using only the price action analysis. because if we use any indicator to understand this, we might be too late. thats how price action become a best technical tool of forex market.

  9. #29
    Quote Originally Posted by Value trader View Post
    Is it really easy?

    Consider all misleading signals and conflicting information. Market is a very complex place, so even if you rely on price action, it would never be easy for you. Discretionary trader's decision making process can't be easy.

    It can be simple, but difference between "simple" and "easy" is tremendous. To find simplicity you should put hard work.
    Yeah market is too complex even if we already learn about price action, there is still a time that we don't know where market will going.

    So I have a simple way to solve this. I will just trade in market pattern that I know. With using this way of trading then I won't trade if I think the market condition is not good or if I don't recognize the pattern. I being a forex trader to getting some money and not to losing it. :)

  10. #30
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    Quote Originally Posted by thenight View Post
    Yeah market is too complex even if we already learn about price action, there is still a time that we don't know where market will going.

    So I have a simple way to solve this. I will just trade in market pattern that I know. With using this way of trading then I won't trade if I think the market condition is not good or if I don't recognize the pattern. I being a forex trader to getting some money and not to losing it. :)
    sometimes the market does not follow price pattren or any logical technical or fundamental analysis because there sometimes interventions from central banks and big traders who have enough liquidity to alter the course of a cuurency,i noticed this happens few times with the usdchf where the market behave in a strange way due to interventions.
    Bend your view to the charts, not the charts to your view

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