price action

This is a discussion on price action within the First Steps forums, part of the Reception category; I keep reading posts of people saying 'forget the indicators all you need is price action' what does this actually ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Nov 5, 2008, 11:02pm   #1
 
price777999's Avatar
Joined Aug 2008
price action

I keep reading posts of people saying 'forget the indicators all you need is price action'

what does this actually mean

could anyone post an example of a trade using just price action
price777999 is offline   Reply With Quote
Old Nov 5, 2008, 11:15pm   #2
Joined Apr 2008
When a price rejects a level in a way the momentum keeps it moving in the opposite direction;
or when a price continually retests a level till it breaks.

Thoughts?

(A pin bar could be an example of a rejection).

Edit: I hate your avatar, it creeps me out.
Edit2: Watch tick charts

Last edited by KillPhil08; Nov 5, 2008 at 11:28pm.
KillPhil08 is offline   Reply With Quote
Thanks! The following members like this post: BSD , foredog
Old Nov 6, 2008, 12:14am   #3
Joined Feb 2007
Quote:
Originally Posted by price777999 View Post
I keep reading posts of people saying 'forget the indicators all you need is price action'

what does this actually mean

could anyone post an example of a trade using just price action

Get a thread going, or a private forum. You can call it, "No price, no chat, just indicators".
Paul71 is offline   Reply With Quote
Old Nov 6, 2008, 12:36am   #4
Joined Feb 2007
The thing is, indicator freaks 'need' price to prove them right, which is a bit contradictory to say the least.

Indicator users don't know what side thier bread is buttered on, t*ssers.

Don't bother starting a thread, it'll all be tweaked up anyway.

What's the old saying? If you can't make price work, tweak the indicator, if that don't work, take up religion. Blind faith can be moulded to suit the individual, as long as it's faith and blind.
Paul71 is offline   Reply With Quote
Thanks! The following members like this post: options
Old Nov 6, 2008, 1:18am   #5
 
price777999's Avatar
Joined Aug 2008
price777999 started this thread
Quote:
Originally Posted by KillPhil08 View Post
When a price rejects a level in a way the momentum keeps it moving in the opposite direction;
or when a price continually retests a level till it breaks.

Thoughts?

(A pin bar could be an example of a rejection).

Edit: I hate your avatar, it creeps me out.
Edit2: Watch tick charts
Fractal Price Action Example :: Move the Markets :: Entries ::

is this it ?

thats a real grey by the way
price777999 is offline   Reply With Quote
Old Nov 6, 2008, 1:41am   #6
 
price777999's Avatar
Joined Aug 2008
price777999 started this thread Click the image to open in full size.

so these would be price action trades ?
price777999 is offline   Reply With Quote
Old Nov 6, 2008, 3:40am   #7
 
hwsteele's Avatar
Joined May 2004
Quote:
Originally Posted by price777999 View Post
I keep reading posts of people saying 'forget the indicators all you need is price action'

what does this actually mean

could anyone post an example of a trade using just price action
price777999,
I stole the chart I attached from the "just charts..." group.
I outlined some things on that chart to give an idea of trading with just price.
I personally like to trade with price and time but as you asked for a "price" example that's whats on the chart.
I hope it helps
Attached Thumbnails
gu-nov04a1.jpg  
__________________
Always wanting to learn more!

Last edited by hwsteele; Nov 6, 2008 at 5:10pm.
hwsteele is offline   Reply With Quote
Old Nov 6, 2008, 8:30am   #8
 
foredog's Avatar
Joined Oct 2007
I'm trying to write a blog on one simple form of price action, might help, might not.....

http://www.trade2win.com/boards/trad...tml#post557828
__________________
IF IN DOUBT GET THE **** OUT!

No need for a course http://www.trade2win.com/boards/gene...tml#post707344

Simple cable system http://simpledibs.blogspot.com/ http://www.trade2win.com/boards/trad...side-bars.html
foredog is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Price Action ffsear General Trading Chat 1 Oct 29, 2008 7:30pm
Price Action neil Educational Resources 0 Nov 11, 2006 1:39pm
What is price action (to you?) wasp General Trading Chat 51 Aug 13, 2006 2:54pm
Price Action minted Educational Resources 2 Jul 1, 2004 5:22pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)