[asiaforexmentor]

A lot of people have this question in mind, what exactly is PRICE ACTION.
And why is PRICE ACTION KING IN FOREX?
To answer the above question, i start off with talking about indicators.
There are tons of indicators out there, be it forex or others. They work mostly the same way.
And there are new indicators coming out every other day.
Alot of traders when they first started trading forex, they have tons on indicators on their charts. Trying different combination of which works best for them. And at the end of the day, they get confused all over as one indicator may be telling you to go long, but the other is telling you to go short.
Which will result in you making bad decisions and end up blowing your account with a frustrated mind.
Why does it happen this way? Indicators are derived from the chart movements. Some indicators react faster, some slower.
However, as they are derived from the chart movements. They are 1 step slower than the chart. Which is in fact Price Action!
Price Action leads the indicators, and when price reverses it movement from short to long (example). The indicator which you are watching is one step too late. And by the time the indicator confirms it is going short, Price Action has taken the market to go Long.
This happens most of time, if not all of the time.
Therefore = ALL INDICATORS ARE LAGGING INDICATORS!
PRICE ACTION IS WHAT LEADS THE INDICATORS, IT IS KING IN FOREX!
By understanding Price action in forex trading, we are able to understand the ENTIRE PICTURE of the market.
WHY is the market moving up,
WHAT causes it to stop moving,
WHY is the market reversing
WHY is the market in consolidation
IT is like reading a book once you have mastered price action in forex. And the best thing is, It is not difficult!
It is even easier than you reading an indicator.
And when you mastered price action, with combination of our system. You will almost be able to pick absolutely MARVELLOUS TRADES all the time. CONFLUENCE is the King of the game. This is what equates to our high probablity trades with a high winning ratio.
To an Awesome Trading as Always,

Ezekiel Chew

[henryduncan12]

Price Action is a very popular term used in forex trading. I was familiar with it but not knew how it affect to trading and why it is an important factor in forex trading. Even after reading your detailed article about it my all most doubt have been solved. Thanks to share it with us.

[4EverMaAT]

Originally Posted by henryduncan12 »

Price Action is a very popular term used in forex trading. I was familiar with it but not knew how it affect to trading and why it is an important factor in forex trading. Even after reading your detailed article about it my all most doubt have been solved. Thanks to share it with us.

The price action is real, but the interpretation of it is just another story. Do your best to stick only with the action itself and make a choice.

[henryduncan12]

Originally Posted by 4EverMaAT »

The price action is real, but the interpretation of it is just another story. Do your best to stick only with the action itself and make a choice.

Yes, you are right. I should go to only one side.

[chuckster]

I'm a new trader and here's what I've learned about Price action:
Price action to me is the action of the currency in the time frame being studied for a trade and all the implications and information that you can glean form your newbie and seasoned experience observations along with the following:

1. Try to avoid indicators because they lag and you'll become dependent on them
2. First learn Candlestick chart reading VERY well so you can see the trade set-up as it develops
3. If you want to use some simple indicator to see trend or MCAD Ok but not necessary - that's a personal thing
4. Nothing will replace sticking to one simple system until you have it nailed

Good trading

[4EverMaAT]

Originally Posted by henryduncan12 »

Yes, you are right. I should go to only one side.

That would be the best course of action, considering what you want to accomplish.

[RealDemo]

[QUOTE]A lot of people have this question in mind, what exactly is PRICE ACTION.
To answer the above question........ /QUOTE]

....I must have missed something

[joshdance]

Wow, this is a real newbie bait thread. Clueless, incoherent talk about "price action" and dogging indicators from someone who can't even type in paragraphs (enters a new line for every sentence), much less who knows about how the indicators are calculated that he is calling useless. But I'll bet he can sell you a seminar or "system" which is much better! The only thing worse than a trading system vendor is a forex trading system vendor. Yeah, target the real newbies who don't even have enough money to open a futures or equities account.