Price Action Trading Proves a Real Hot Topic for Forex Traders Know Why

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Old Nov 18, 2016, 2:00pm   #1
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Price Action Trading Proves a Real Hot Topic for Forex Traders Know Why

We've just published a new T2W article called "Price Action Trading Proves a Real Hot Topic for Forex Traders Know Why" by Sean Lee.

Quick Summary: Sean Lee argues the case why beginning traders should consider using "Price Action" only as the main approach for trading.

PS. Don't forget to rate the article after you've read it and share your comments on this thread.
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Old Nov 18, 2016, 5:33pm   #2
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Re: Price Action Trading Proves a Real Hot Topic for Forex Traders Know Why

Oh dear oh dear oh dear.
Mr. Lee barely explains what price action trading is - let alone how to set about doing it. And why the constant reference to forex - as if it's the only market that any retail trader ever trades. Grrr! (Note to self: remember to ask Paul if vBulletin has a 'find and replace' function so that every time the word forex is mentioned anywhere on T2W - it's replaced with either pork bellies, soya, coffee, orange juice or oil etc., etc.)

For any newbies wanting a good introduction to price action trading, I recommend doing a search for threads by dbphoenix. The only really positive thing to say about this article is that just as the plain looking girl makes her pretty friend look even prettier, this makes the fair to good articles look excellent.
Tim.
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Old Nov 18, 2016, 6:01pm   #3
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I know where you are coming from Tim although this is not about introducing new traders to the mechanics of PA. It is more to do with when you start trading and do not know where to turn then suggesting a pursuit of PA is a good start. It has already got you pointing people on where to look for those interested in it so from that perspective it has served its purpose.
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Old Nov 18, 2016, 7:22pm   #4
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PA = down the rabbit hole
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Old Nov 18, 2016, 7:53pm   #5
 
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Quote:
Originally Posted by forker View Post
PA = down the rabbit hole
Not if one does it right.
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Old Nov 18, 2016, 8:07pm   #6
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at the end of day it all comes down to the ability of the driver, often the mouse when he cannot get to the cheese will say he is on a diet.
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Old Nov 18, 2016, 8:19pm   #7
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Originally Posted by dbphoenix View Post
Not if one does it right.
Everyone can learn to drive a car but that doesn't make everyone racing car drivers. Likewise, you can make money trading TA but that doesn't mean you will become wealthy. My point is there might be more than one way to do something but it doesn't mean they are equally effective
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Old Nov 18, 2016, 9:32pm   #8
 
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Quote:
Originally Posted by forker View Post
Everyone can learn to drive a car but that doesn't make everyone racing car drivers. Likewise, you can make money trading TA but that doesn't mean you will become wealthy. My point is there might be more than one way to do something but it doesn't mean they are equally effective
Which is not what "PA = down the rabbit hole" implies.
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