[alayoua]

I found it quite informative, and it answered most with the concerns I had.

[pipsaholic]

Price action is studying and learning the motion of the waves of the market. Higher highs and lower lows, candlestick formations, major and minor market structure and order flow. Also, studying round numbers along with studying and learning high timeframe analysis is what price action is about seeing the bigger picture. It's the big picture, which tells what the smaller picture is.

Indicators are a separate family from price action. I dislike most indicators as they are complicated and conflict, however they are a few simple indicators when used with PA works well yes they all lag but even price action we are using historical data to determine a future event.

[Marubozu]

pipsaholic is spot on in my opinion.

I have spent several years developing indicators and its the old case of occam's razor that seems to deliver the best results.

[pipsaholic]

To my understand indicators the majority of them when they were designed years ago and concept by the authors they used the stock market as a blueprint and foundation for their calculations. Yes, global markets move similar in 5 waves, however alteration required to be made for each instrument.

I would advise only using 1 or at max 2 oscillators in trending markets only.

There is no need to over complicate things missing you points and trades while you figure out if ADX is crossing this or that line.

[Tams]

Originally Posted by pipsaholic »

To my understand indicators the majority of them when they were designed years ago and concept by the authors they used the stock market as a blueprint and foundation for their calculations. Yes, global markets move similar in 5 waves, however alteration required to be made for each instrument.

I would advise only using 1 or at max 2 oscillators in trending markets only.

There is no need to over complicate things missing you points and trades while you figure out if ADX is crossing this or that line.

that's a very limited understanding...