[Soultrader]

Wow feb, you just made this thread into a "Great Thread". I agree with your approach in learning the markets. New traders will find it hard to incorporate advanced strategies of pivots or market profile before they actually understand the auction of the markets.

Traders must understand the law of supply vs demand and learn to view the markets from a bigger picture. Many traders get too caught up in the fast action in day trading that they completely miss observing for balance vs imbalance. Once you understand price action, then you can apply advanced strategies into your trading methodology.

Price action is pure. If you learn to trade with price only, you will always stay in this game. Learning to trade with indicators alone is a bad way to start and you will always be clueless on what the markets is telling you.

When I first learned how to trade, I used no indicators, no pivots, or market profile. I simply watched a 5min candlestick chart with price only. I watched for support/resistance to understand price acceptance vs rejection. After months of training I was able to understand price action. The time I dedicated myself to this has paid off for me.

Trading takes determination and passion. New traders often rush from promises of the quick buck. There is no such thing as easy money in trading. Learn, practice, experience. Craft your skill gradually and improve on it day by day. Keep a journal and write a business plan. I remember when times were tough for me.... passion and ambition helped me push through to the next level.

If you want to succeed in this game, you need the mind set to do whatever it takes to succeed. This even means transforming your conflicting beliefs and changing your mental makeup. You need to set yourself apart from the hundreds of thousands of losing traders.

Good luck.