Price Action Trading

magisana

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I am wanting to learn more about PA trading. I don't understand what exactly this actually en tales.. I have noticed the course from Nial Fuller but I also found another one by a John Templeton, trading in the buff and he also has a Price action trading course. Has anyone actually tried anything from John Templeton?

Now before anyone goes accusing me of SPAM.... I am merely asking the question as I am looking at buying one or the other.
Also is anyone currently trading using just PA and can help me learn this by recommending journals or certain threads that I could read for free. thanks
 
There's so much to say, make some homework first or visit my journal.
Take care!
 

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Now before anyone goes accusing me of SPAM.... I am merely asking the question as I am looking at buying one or the other.
Also is anyone currently trading using just PA and can help me learn this by recommending journals or certain threads that I could read for free. thanks
Hi magisana,
I can't help you with the courses as I don't know anything about the people you mention. I assume that by 'price action' trading you mean trading by price alone, without the use of indicators? I would say that all traders need to have an understanding of how the markets work; this is especially important with PA trading as you don't have an indicator to interpret the market's actions. It's down to you and you alone to interpret the price action correctly! Central to doing this well is an understanding of supply and demand. There is a huge amount written on this subject, both on T2W and elsewhere. The main place to look is in a sub forum of the 'Technical Analysis' forum called Price & Volume. Most of the threads in there are devoted to PA trading of one sort or another. Here are a handful of threads to make a point of looking at:
No Indicators Revisited
Price, (Volume), Support, Resistance, Demand, Supply . . .
In addition to that forum, I recommend you visit the 'Articles' section of the site (see the red menu bar at the top of the page.) Here is a good example of the kind of thing you'll find if you dig around:
Objective Rule Based Trading
Enjoy!
Tim.
 
I am wanting to learn more about PA trading. I don't understand what exactly this actually en tales.. I have noticed the course from Nial Fuller but I also found another one by a John Templeton, trading in the buff and he also has a Price action trading course. Has anyone actually tried anything from John Templeton?

Now before anyone goes accusing me of SPAM.... I am merely asking the question as I am looking at buying one or the other.
Also is anyone currently trading using just PA and can help me learn this by recommending journals or certain threads that I could read for free. thanks

Hi

keep your costs down and look through Lance Beggs site if you get some time

yourtradingcoach.com

also theres a few decent threads here to look through devoted to the ole Naturale approach
and a "TradingNaked" website somewhere that has some legendary approaches on there
(its quite basic as a site but dont be put off by that)

also just type "Trading price action" in google search....and then put aside a couple
of months to read them good and bad...!!

you'll find a lot of people go through every indicator in the book searching for the holy grail .....then end back as the door of price action.... I recommend it as worthwhile thing to research

good luck (y)
N
 
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Nial Fuller has lots of free stuff so no need to buy.

It is my view that no matter what system you look at the price action negates the use of indicators simply because they get their data from PA.
 
magisana,
I have been studying forex systems and methods for close to a year now and have not invested any real money yet, but thought I would offer the following advise.

You can invest in forex many different ways and most, if not all, can be successful if the process and the forex markets are learned first. Price Action (PA) is only one method. That said, there are many ways to use PA to invest in forex, from candlesticks, patterns, support and resistance, combinations and so on.

Just deciding that you want to us PA is not enough, although it is a start. I lean that way myself. You also need to determine how you want to use PA, which is to say, what method do you think will work for you. There is much free information on the Internet. I would suggest that you read and study the different types and methods first to see what you think is going to work for you. Then do some paper trading, realizing that paper trading is only a first step, and see if what you think is going to work for you, really will. Also, what time frame do you want to use? Some of this stuff works better on different time frames. Also, any restrictions you may have, like a day job, etc. These can impact the system or method that can/may use. Do you have the patience to invest on daily charts, can you handle the stress of investing on the M5 time frame, how much is your initial investment capital, etc.

Google: forex price action. You will find plenty of reading to keep you busy.

One last thought, there is much written out there that is shaky at best, so take what you read with "a grain of salt". Some info is golden, other is garbage, including some that they will charge you for. It is up to you to separate the wheat from the chaff, or be separated from your money. Good luck.
 
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Pfftt!!! price action is for pussies, I've moved past that, just use a blank screen and a ouija board, never trade during a full moon...look at it! All the answers are there...:D

ouija-board.jpg
 
Try looking at Trader Dante's "Make Money Trading" thread on here.

It is partly based on techniques discussed in the "J16 Chart Thread" over at Forex Factory. If you like what you see in that thread, there is a private (paid) forum. I think it's worth joining, I'm sure that others will disagree. Certainly you can learn a huge amount without laying out a penny.

I use price and horizontal S/R only, and thus far it is working well for me. You have to be aware that, at least until you gain a lot of experience, this is a very "discretionary" way of trading - it is more about building a case for taking a trade, balancing this against other negative factors warning you to pass. With more experience, you can analyse the situation more rapidly. The systems that I have seen that use indicators seem to be much more automatic - such as divergence on the MACD, 200 SMA doing something or other, stochs this and that to trigger, away you go. That ton of support at 1.5? Just ignore it, probably doesn't matter - indicator says trade!
 
The systems that I have seen that use indicators seem to be much more automatic - such as divergence on the MACD, 200 SMA doing something or other, stochs this and that to trigger, away you go. That ton of support at 1.5? Just ignore it, probably doesn't matter - indicator says trade!

Hate to disagree but having an indicator based system is only the beginning, one must take that support into account. Maybe don't enter until it is breached or enter and be ready to take profit if it stalls at support.
 
I am wanting to learn more about PA trading. I don't understand what exactly this actually en tales.. I have noticed the course from Nial Fuller but I also found another one by a John Templeton, trading in the buff and he also has a Price action trading course. Has anyone actually tried anything from John Templeton?

Now before anyone goes accusing me of SPAM.... I am merely asking the question as I am looking at buying one or the other.
Also is anyone currently trading using just PA and can help me learn this by recommending journals or certain threads that I could read for free. thanks

I personally have taken the systems and price action course that FX Trading Partner offer. For myself they both were great. I needed the personal attention that they offered. And since you want to learn more I'd go to their free introduction explaining what their school offers. I hope this helps.
www.freetradingaccount.com?ur=238259004
 
I personally have taken the systems and price action course that FX Trading Partner offer. For myself they both were great. I needed the personal attention that they offered. And since you want to learn more I'd go to their free introduction explaining what their school offers. I hope this helps.
www.freetradingaccount.com?ur=238259004

I had a look at the introductry video and I am signing up for that. Not suggesting that you do, since I don't know how it works and how it plays out. Just telling you that I am giving it a trial, there is nothing to lose.

Thanks Pipmaster
 
I had a look at the introductry video and I am signing up for that. Not suggesting that you do, since I don't know how it works and how it plays out. Just telling you that I am giving it a trial, there is nothing to lose.

Thanks Pipmaster

Of course, happy to help. I'm back in front of my charts for the first time in 2010, and it feels good. Ready to get back to work. I'd be happy to answer any question you may have as well. Good luck to ya.

Pipmaster
 
Nope, sorry I don't. I don't have any personal experience with anyone besides FX Trading Partner and their school. Sorry I couldn't be more help.
 
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