Price action is very important in forex. Trader buy in lower price action and sale when uper price action.It is the basic rules of forex.
Price action is very important in forex. Trader buy in lower price action and sale when uper price action.It is the basic rules of forex.
price action strategy indeed has a logic behind it is like following the nature of the forex flow.but l think this strategy will not work for all pairs and also in all conditions.l have try so many times specially during news time we can see market will move both side like crazy and all stoploss will be hit before the market will decide.so it is where almost all of the strategies fail.actually that is why there is no %100 working strategy.
forex trading is easy using price action? yes.
but, to master the price action isn't easy..
many professional trader spend years to master that.
however, some of them still using some indicators to help them make the decision..
after all, it's up to us..
yes brow but we do not know that the price had reached the lowest point or highest point although there has been an indicator.Quote:
Originally Posted by mukta
itself provides only signal indicators, all indicators will follow the price of flase if the market moves very fast or turbulent
Price action is the core of everything in forex.. It shows the current market situation.. If you can master this knowledge then the chart will reveal its secrets to you.. You can predict exactly in most of the time. But its really hard to achieve that knowledge.. because to be able to trade with price action you need to learn more and more about this market..
Yes, I believe we have only one indicator of share value, with a good profit, you can. I use a high cost operation, only having to deal with friends, they all say the index is zero. And they tend to become fanatical with the cost of the operation.
Below are the example of a screen shot that I use to trade.
Again I dont use Indicators for this trading method.
D TF
H1 TF
I believe in keeping it simple. Especially when you are starting off and you should be paying attention to the candlestick charts and money management more than figuring out how indicators work
sorry guys, you mean the picture is not visible. I think whatever the technique would be successful. And I think the most important indicators, plus fundamental analysis.Quote:
Originally Posted by shabu0200
yes price action very good but you don't use candlestick on the chart ithink if you use it it,s easy and you can follow price action on it easily than column because candle show you every thing bullish and bears and you can trade with it only without any indicator
You are absolutely right that I do not like to use indicator, I trade to analysis the price action and trend strength. If all fundamental and technical analysis support the trend this time I make order and make good profit.Quote:
Originally Posted by m3x_19