Welcome to the Traders Laboratory Forums.
Beginners Forum Interested in trading but don't know where to start? Post any questions you may have here.

Reply
Old 12-03-2008, 07:52 AM   #1

Join Date: Apr 2008
Location: Berowra
Posts: 3
Ignore this user

Thanks: 1
Thanked 0 Times in 0 Posts



Price Action Only

Are there any traders out the that trade price action alone. ie not MA's or MACD's or Stochastics etc
All the are lagging indiactors and can only be completed once a price bar is fulfilled.
Does anybody out there just trade the bars (or candles ) themselves , maybe only using Pivots ,S/R or predermined levels prior to trading?
Regards
Anthony
brownturtle is offline  
Reply With Quote
Old 12-03-2008, 08:28 AM   #2

Join Date: Feb 2008
Posts: 261
Ignore this user

Thanks: 104
Thanked 232 Times in 95 Posts



Re: Price Action Only

Why don't you look into the Wyckoff forum
Bearbull is offline  
Reply With Quote
The Following User Says Thank You to Bearbull For This Useful Post:
atto (12-03-2008)
Old 12-03-2008, 09:54 AM   #3

Join Date: Nov 2008
Location: United States
Posts: 356
Ignore this user

Thanks: 122
Thanked 89 Times in 72 Posts



Re: Price Action Only

Yes, many people trade like that, using only price action and S/R. Just make note of some S/R levels (or pivots like you mentioned) and see what happens when price reaches those levels.
diablo272 is offline  
Reply With Quote
Old 12-03-2008, 09:59 AM   #4

TraderBG's Avatar

Join Date: Sep 2008
Location: TX
Posts: 65
Ignore this user

Thanks: 14
Thanked 6 Times in 5 Posts



Re: Price Action Only

Yes there are many traders who don't use indicators myself being one of them. Although I do slap an occasional MA or two up, these aren't used for signaling entries. I also heavily depend on S/R levels but not the ones based on calculations. But, aside from price, I rely on volume more than anything else.
TraderBG is offline  
Reply With Quote
Old 12-03-2008, 02:36 PM   #5

brownsfan019's Avatar

Join Date: Jan 2007
Location: USA
Posts: 4,256
Ignore this user

Thanks: 1,912
Thanked 1,775 Times in 892 Posts



Re: Price Action Only

I recently picked up Suri's book and it has very little indicator talk in it. Highly recommend if looking to trade patterns, price action or whatever you want to call it.

http://www.surinotes.com/
brownsfan019 is offline  
Reply With Quote
The Following 3 Users Say Thank You to brownsfan019 For This Useful Post:
james_gsx (12-03-2008), Laurel (05-15-2009), trader_08 (09-12-2009)
Old 12-04-2008, 02:17 PM   #6

Join Date: Nov 2008
Posts: 1
Ignore this user

Thanks: 1
Thanked 0 Times in 0 Posts



Re: Price Action Only

thanks for sharing friends

Bump: thanks for sharing friends
saurabhkurichh is offline  
Reply With Quote
Old 12-05-2008, 12:50 PM   #7

Join Date: Nov 2006
Location: Toronto
Posts: 3
Ignore this user

Thanks: 0
Thanked 0 Times in 0 Posts



Re: Price Action Only

Suri Duddella's book is a great read! Focuses on trading price patterns and after all, price is the key ingredient in the market :-)
Aikitrader is offline  
Reply With Quote
Old 12-05-2008, 03:54 PM   #8

DbPhoenix's Avatar

Join Date: Feb 2008
Location: USA
Posts: 1,797
Ignore this user

Thanks: 329
Thanked 3,475 Times in 830 Posts
Blog Entries: 31



Re: Price Action Only

Quote:
Originally Posted by brownturtle »
Are there any traders out the that trade price action alone. ie not MA's or MACD's or Stochastics etc
All the are lagging indiactors and can only be completed once a price bar is fulfilled.
Does anybody out there just trade the bars (or candles ) themselves , maybe only using Pivots ,S/R or predermined levels prior to trading?
Regards
Anthony
Since you're posting in the Beginner's Forum, I assume you're a beginner. This thread (http://www.traderslaboratory.com/for...read-5033.html) may be of interest to you since he is also a beginner and working on much the same thing. Perhaps the two of you could keep each other motivated.
__________________

Becoming A Successful Trader
DbPhoenix is offline  
Reply With Quote
The Following User Says Thank You to DbPhoenix For This Useful Post:
brownturtle (12-05-2008)

Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Price Action Clues erierambler Day Trading and Scalping 30 05-27-2010 06:11 PM
Volume + Price Action Momentum Indicator Tresor Coding Forum 4 03-04-2010 03:14 PM
Forex Price Action Strategies Nial Fuller Trading Articles 13 02-09-2010 03:54 PM
Price Action: Modern Tape Reading torero Trading Articles 8 12-24-2008 03:53 PM
Reading the Price Action by Looking at Each Trade charcoalstick Technical Analysis 52 11-15-2008 06:01 AM

All times are GMT -4. The time now is 06:27 PM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
CS to VB integration by DeskLancer
©2006-2011 Traders Laboratory, All Rights Reserved.