What is Price action?

actually our market doesnt move by seeing the old chart and everything. it is just a probability that the retracement might end at 50.0 fib level or so. we need to rationalize the present market condition which is called price action.

aapne bahut ache tarike se price action ko samjhaya hai aur mujhe lagat hai ki har trader ko iske bare me pata hona chahiye
price action ko samjh ke trading karna akfi acha rehta hai..iske sath aapko support aur resistance level bhi smajh me aa jate hai jo ki har tarah ki tarding ke liey ache mane jate hai

I see what you mean by price action. This is what I always tell to my friends that Forex is so big a business that one rally have to keep studying to know about it. Today I have learned a new this in this post.

forex market kabhi bhi ruk nahi sakta saturday sunday ke alawa
har country ki currency me movement hoti hai jis wajah se forex market me movement hoti hai..bas saturday aur sundy market me movement nahi hoti baki sare din 24 hours market me movement hoti rehti hai

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Originally Posted by 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
www.asiaforexmentor.com

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good to know that this term is so important in the world of trading. Nice info pulled out and the importance is well explained. Seems to be a good source for trading

yes you are right price action is a good strategy but it takes experience to understand the working of this strategy such supply and demand strategy........

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Originally Posted by gandhi

I think price action is trading without the use of indicators so that you are trading with charts so that you can trade well with fundamental analysis as well..
good luck ;)

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Price Action is not trading without indicators.. Its the current movement of the price.. but using price action only you can trade profitably.. Like if you see that price reversing from a certain point several times.. then you will have strong reasons that price cant break that level and it will reverse.. this is how you can trade this market without using any tools at all..

Price action I think is harder than reading an indiacator and less reliable. Sometimes there can be lots of different support and resistance and it ignores some and responds to others. For indicators, it either bounces off or it doesn't so it is much more black and white.

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Originally Posted by sasmita11

Price action is everything that price is doing any trading instrument.being represent on a chart for a trader to see.
in very basic terms price action illustrrates in a way that a trader can see exactly on a chart ,
when a certain pair did for a perticular time frame

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I did not about price actionafter a few research I have known that there is many retailers who act only in price. This method of price negotiation action is the following exchange also naked. Nue trade not necessitate the use indicator. As a trader, you need the concept of trend lines and support or resistance to understand. These concepts are at the heart of the price action trading.

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Originally Posted by erespe

Yes, the price action is not easy to understand. It takes perseverance and foresight to be able to read what is shown by the price. But if you want to try hard, sure that you'll be able to read price action.

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the prize all sudden onset bounce the strength level. this should tell you this signal is not worth it as the the price action shows that the market does not go up a decision to deal further.every based on the technical indicators should include consideration of the price action.