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I think the only method of price action trading in the Forex market where traders do not use indicators for the decision. Instead traders monitor price movements on charts and based on different patterns of price movements he predicts suitable price movement and trading to make money. please corrected if things go wrong
There are very different views and schools on price action and they differ to quite a lot of extent in their approaches. I will be describing the price action approaches which I have used profitably in the past. Depending on which type of price actions and methodology you use, you may agree or not agree on some points. I am not going in the theoretical side of which method to use or which one is best etc but I will be describing some ways in which you can begin to use price action more confidently than before.
I know who is professional in Forex they know the price action of market they identify that the where the price direction will move from the which point of by analyzing by experts it's good but time consuming.
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In the chart above of the E-mini S&P 500 Futures contract, the RSI indicator spent most of its time between overbought (70) and oversold (30), giving no buy or sell signals. However, the Stochastic RSI used the RSI indicator to uncover many profitable buy and sell signals.
The movement of a security's price. Price action is encompassed in technical and chart pattern analysis, which attempt to find order in the sometimes seemingly random movement of price. Swings (high and low), tests of resistance and consolidation are some examples of price action.
well you see in other to get the very best profit out of the forex market we just have to learn how to trade based on the Price action because with Price action you can get the best price of the pair you are trading in market
It seems to be a saintlike theme. we are inactivity to scan from you aforementioned. I person header nearly terms mechanism but until now I didn't grow any unspoiled discourse near this. I think traders who masters value state are the 5% of traders who speak trading for living.
well as for me i think Price action is when we get to know the position of the trend and the more we can get the best Price action the more we can always trade and be very profitable in the market because pips are based on the Price action
interesting discussion. please continue, I am a novice trader who thirst for knowledge and strategies ready to listen carefully. hopefully pleased to discuss this matter through to completion