What is price action (to you?)

This is a discussion on What is price action (to you?) within the General Trading Chat forums, part of the Reception category; Originally Posted by wasp Many on these boards and plenty of others profess trading is all in 'price action'. What ...

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Old Aug 10, 2006, 2:14am   #31
 
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Quote:
Originally Posted by wasp
Many on these boards and plenty of others profess trading is all in 'price action'.

What is price action?

Is it price and its relation to support and resistance levels?
Is it price reacting to patterns (triangles/head and shoulders)?
Is it just watching the way a candle/bar forms?

Does it have anything to do with...

Candlestick patterns (doji/flying dragonfly...)?
Fibs and its relation to these levels?
Pivots and its relation to these levels?
Ross hooks?
1-2-3 formations?

Or is it all athe above?

When I conjur up images of the wonderous ideas of price action I see blank charts with OHLC bars only and PA traders trying to gauge the future movement purely by how price is acting right now, this bar alone and how its moving... Is it that stripped down or do more of the above come into it?

Also, can you then really see further ahead than the end of the bar forming now, if going via price action alone?

I'll leave this open now and go back to my MA's crossing wildly!

Answer:~ All of the above all intertwined all at the same time.
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Old Aug 10, 2006, 8:20am   #32
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Many on these boards and plenty of others profess trading is all in 'price action'.
Of course it is. Everything else is just a derivative that attempts to clarify the same.
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Old Aug 10, 2006, 9:24am   #33
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I realise it was unhelpful and rather callous of me to delete posts without providing an explantion until now and I apologise for that. The reasons for the deletions are contained in the guidelines quoted below. Banter is fine - we're not agin humour or good natured point-scoring by any means - but if it is completely off-topic we'd prefer it was kept in the Lounge to allow the serious threads to concentrate on the subject in hand. Given the flurry of reported posts several members concur with this sentiment.

If you like I'll move some of the deleted posts there as I realise that several are undeserving of permanent deletion.

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fair comment - personally I don't mind whether they are moved to the Lounge or not, although a little Latin never did anyone any harm.
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Old Aug 10, 2006, 10:04am   #34
 
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Price Action is the thing that causes the indicators to trigger trading signals.

(sorry for being blasphemous, but for most of us mortals, the above is true)
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Old Aug 10, 2006, 10:20am   #35
 
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Originally Posted by trendie
Price Action is the thing that causes the indicators to trigger trading signals.

(sorry for being blasphemous, but for most of us mortals, the above is true)

If its making a profit then why worry!
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Old Aug 10, 2006, 10:22am   #36
 
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Originally Posted by twalker
Of course it is. Everything else is just a derivative that attempts to clarify the same.
I appreciate that twalker, just curious to what people look for when trading via 'price action'. Whats relevant to you?
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Old Aug 10, 2006, 10:46am   #37
 
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Originally Posted by wasp
I appreciate that twalker, just curious to what people look for when trading via 'price action'. Whats relevant to you?
ans=price action
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Old Aug 10, 2006, 11:00am   #38
 
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price action

wasp started this thread supply and demand and/or
support and resistance

Look at the chart and see how S/R and S/D caused prices to turn, stop and how where it continued.
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Old Aug 10, 2006, 11:51am   #39
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Originally Posted by wasp
I appreciate that twalker, just curious to what people look for when trading via 'price action'. Whats relevant to you?
Any pattern that frequently repeats itself and with a high probability of success.

Split
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Old Aug 10, 2006, 11:57am   #40
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I appreciate that twalker, just curious to what people look for when trading via 'price action'. Whats relevant to you?

Price + momentum break = signal

Getting in is, of course, the easy bit. It is all about sizing and exits IMO
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