What is price action (to you?)

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Old Aug 9, 2006, 4:49pm   #25
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the trick is not to get drowned by the 'tide in the affairs of men' if you want to get literate
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Old Aug 9, 2006, 4:52pm   #26
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Quote:
Originally Posted by jimbo57
the trick is not to get drowned by the 'tide in the affairs of men' if you want to get literate

Touché.....
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Old Aug 9, 2006, 5:11pm   #27
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Wasp, you can also look at Douglas's books. Far more, shall we say, accessible. Yoder, Graifer, and Steenbarger are also good.

Few beginners understand that they are in complete control of their trading environment. The secret is "out there". The key is "out there". The solution is "out there". But none of it is "out there". It's all in the trader. And the sooner he stops thinking of himself as a cork being bounced around by forces outside his control, the sooner he will grab the reins -- to mix a metaphor -- and make progress toward his goal.

All of which may be off topic, but there it is.

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Old Aug 9, 2006, 5:45pm   #28
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Originally Posted by jimbo57
a non sequitur .....now your Latin is exposed, I got that in one on google!
quite a good place too

http://latin-phrases.co.uk/quotations/philosophical/
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Old Aug 9, 2006, 5:54pm   #29
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Hi Wasp
thread seems to be getting out of control but I would definitely take note of Charlton and Dbs posts
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Old Aug 9, 2006, 7:00pm   #30
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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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Old Aug 9, 2006, 8:14pm   #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, 2:20am   #32
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Quote:
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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