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Trading the Storm - Methods for the Struggling Trader
in Technical Analysis
Posted
Maelstrom,
Just wanted to compliment you on your thread. I trade the YM in a similar style and can identify with a lot of your experiences. I'm in the process of teaching my 16 year old son how to trade and its really forcing me to simplify my methodology to its most basic terms. No indicators, just pure price action. My ah-ha moment came when I finally truly understood what price action is. Simply stated - Price action is price testing prior supply and demand areas. Trading "works" because price action has a point of memory just like gambling "works" if it has a point of memory, like counting cards or playing poker. With that in mind, I do have a question for you though. Have you ever thought looking INTO price would improve your skills even more? I think using range bars are ideal for a new trader but I also know that not all prices are equal.
DEStocks