Looking for Price Action trading course.

Anyone have any knowledge about the best trading course or book in which to learn basic price action trading ... and the basic fundamentals ...After several months of coombing the web wading thru the muck of false claims professing , best forex tool,toys, indicators ,special advisors , trading software trading platforms, trading stratedgies, signal providors , broker advisors,, Free e books ,,, not so free ebooks etc etc I am no closer to being profitable in fact Im worse at trading then when I first started .. and I knew NOTHING then... Frustrated yes.s. disappointed yes.. less pocket money... yes yes.. but ... Im not ready to give it up.. I am determined to make this work.. So im starting all over again.. Im going to erase all the noise.. give up all my bells whistles, glitz and glamour indicators ,pack away my magic robots and cancel my fantastic always inaccurate almost no win signal providers..and learn the funtamentals of trading.. concentrate on understanding price action, volume and momentum relatiuonships and how to read a chart ...enter and exit a trade with out indicators.
What... did I really say that... I .. just dont know .. maybe.. just a simple MA wouldnt hurt or stouch is a good guy... Oh .. ok ... no indicators ..At least at first.. So could anyone make some suggestions as to what courses or book I should start with... Thanks a determined morph4blu

Thanks Kay

Check the link in my signature, lots of FREE stuff from many different sources.

Hi
I may be able to help - have a look at my profile for my web address - I will use what knowledge that you have and find a strategy that can help you - very simple. 100% money back and I will give you some 1-1 coaching

Hope you find what you are looking for (even if it is not me!)
don't give it is worth it!

The best thread title I've read in ages

combined with your explanation it speaks volumes, keep 'hunting' and good luck.

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Kiango said:

Hi
I may be able to help - have a look at my profile for my web address - I will use what knowledge that you have and find a strategy that can help you - very simple. 100% money back and I will give you some 1-1 coaching

Hope you find what you are looking for (even if it is not me!)
don't give it is worth it!

Click to expand...

That is the worst 'pitch' I think I've ever read...not just for financial markets, but just about anything. Is it working for you? :cheesy:


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Most of this stuff you'll find for free on the net. Maybe not in such glossy presentation but, hey it'll be free!

Still the question is interesting.

Anyone knows of a BOOK about pure price action trading? Just to get an overview of the concepts etc.

NetTecture said:

Still the question is interesting.

Anyone knows of a BOOK about pure price action trading? Just to get an overview of the concepts etc.

Click to expand...

Yep, cut out the crap, just give me the gold now... I'm being over simplistic but trading price action IMHO is for guys who are vastly experienced and can look at a chart and given their years of charting already have a fair idea of where the market is headed. They've seen so many patterns that their discretionary system now works; they just now take the trades they want because in the blink of an eye they take in what the CCI/Stoch/MACD/RSI and the current and next candle may be doing based on years of subliminal and conscious knowledge. Tha'ts why they probably strip out all the indicators, other than perhaps a couple of MAs and a line or two..

One MA that i don't really take any notice of and then the price bars. If the chart starts in the bottom left and is now middle/top...look long

if it starts in the middle and still in the middle then it's choppy, wait for a breakout

if it starts in thetop left and is now middle/bottom look short. No need for indicators there. As for when the markets reversing...simple, you get stopped out of your long and it keeps going down. the the char will be heading towards the bottom right, maybe it's time to look to go short.

Black Swan said:

Yep, cut out the crap, just give me the gold now... I'm being over simplistic but trading price action IMHO is for guys who are vastly experienced and can look at a chart and given their years of charting already have a fair idea of where the market is headed. They've seen so many patterns that their discretionary system now works; they just now take the trades they want because in the blink of an eye they take in what the CCI/Stoch/MACD/RSI and the current and next candle may be doing based on years of subliminal and conscious knowledge. Tha'ts why they probably strip out all the indicators, other than perhaps a couple of MAs and a line or two..

Click to expand...

WADR what do I need MA for?

Screen time, 8hrs a day, 5 days a week, 220 days+ a year and how ever many of those you need.

Forget the books, if you've read loads of stuff already then you know enough "theory".

Go back to a demo account or set your risk to a very small amount and wait for it....
its comming...

...Stop reading forums and trade.
Then trade some more, keep doing it until you build up an opinion of what is happening. Try everything and discount that which does not sit with you well.

I swear if you know the basics, then going offline for a spell and just trading/review/try will sort it for you.

The forums are great but can be a distraction.
try it.

morph4blu said:

So could anyone make some suggestions as to what courses or book I should start with...

Thanks Kay

Click to expand...

Dont' just read it - get your feet wet

blancspa said:

WADR what do I need MA for?

Click to expand...

you don't...

price action... i know where...

see 'supermarket'.

lots to learn there. (seriously, just take a breather, there's no rush).

Hello Morph4blu

Good luck in your efferts.

I also am looking and just started using a trail account

and Iam trying a few different training courses.

I guess The best way is to just do it until you get right.

Never stop learnigs and good luck.

PEP

morph4blu said:

Anyone have any knowledge about the best trading course or book in which to learn basic price action trading ... and the basic fundamentals ...After several months of coombing the web wading thru the muck of false claims professing , best forex tool,toys, indicators ,special advisors , trading software trading platforms, trading stratedgies, signal providors , broker advisors,, Free e books ,,, not so free ebooks etc etc I am no closer to being profitable in fact Im worse at trading then when I first started .. and I knew NOTHING then... Frustrated yes.s. disappointed yes.. less pocket money... yes yes.. but ... Im not ready to give it up.. I am determined to make this work.. So im starting all over again.. Im going to erase all the noise.. give up all my bells whistles, glitz and glamour indicators ,pack away my magic robots and cancel my fantastic always inaccurate almost no win signal providers..and learn the funtamentals of trading.. concentrate on understanding price action, volume and momentum relatiuonships and how to read a chart ...enter and exit a trade with out indicators.
What... did I really say that... I .. just dont know .. maybe.. just a simple MA wouldnt hurt or stouch is a good guy... Oh .. ok ... no indicators ..At least at first.. So could anyone make some suggestions as to what courses or book I should start with... Thanks a determined morph4blu

Thanks Kay

Click to expand...

If you really want to learn about Price Action then google Wyckoff. There is a lot of free information available on the net. Also, check out the VSA threads on here.

In addition, learn about Money Management, Risk and Position Sizing. Even if you develop a potentially profitable strategy, applying the wrong level of risk will result in you ending up in the poor house. These skills will be as valuable for you as learning about price action!!!!

As a side note, please don't take the easy route and spend too much time learning about indicators with the intention of solely using them in your trading. By all means, familiarise yourself with them (if they interest you) but understand that Price Action drives everything so understanding that will keep you ahead of most other new comers to trading.

All IMO,

Chorlton

If you want to learn price action, you need to get youself on a LIVE SIMULATOR.
Some firms will let you demo them for free. Speak to John head of Futex Investment and Trading Academy for help. He set up my buddy on their trading floor for a couple of days at no charge. Its worth a look

Try "Reading Price Charts Bar By Bar" by Al Brooks

It's a pretty good book IMO.

I would avoid the book by Bill Eykin.

It is highly overpriced and a much better name would have been, "Pivot level trading".

I would recommend you to buy the two books by Jim Dalton. If you have to choose one, pick the oldest, "Mind over markets".

This provides a great framework of how to really understand how the markets work (a two-way continuous market process).

Other than that, I guess you need screen time, but you also need theory. If you don`t know what to start looking for you might waste time just looking at the screen.

Good luck!

way to go, get rid of everything and start with just the basic concepts of trading, the absolute essentials, such as support and resistance, fibs, and classical chart patterns.

read books :

reminiscence of a stock operater
anything on jesse livermore
anything on Wyckoff
anything on tom williams re: VSA, his book is master the markets
anything on tape reading, re: tape reading and market tactics by humphrey b neill.

you will never go back to mathematical indicators after learning about price, volume and time analysis, you may find a whole new advantage trading this way.