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Thread: What is Price action?

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    Senior Member sibali will become famous soon enough sibali's Avatar
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    Quote Originally Posted by asiaforexmentor View Post
    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
    Price action indicates a psychologist market and get to know the meaning of the market with the formation of patterns in candlestick patterns. Although the price movement in the market always moves fluktiatif, but it can be understood from the candlestick patterns.
    FOREX IS A BUSINESS AND NOT GAMBLING
    BELIEVE OURSELFT

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    Member jimloveski will become famous soon enough jimloveski's Avatar
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    Price action is everything you need to become sucessfull trader in forex market.
    This is what experienced traders do- draw trendline -> S&R levels -> find a chart patterns -> open position -> measure target -> wait for profit

    It is worth to learn it. Good luck

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Senior Member anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh's Avatar
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    Quote Originally Posted by asiaforexmentor View Post
    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
    bahut hi achi aur useful information di hai aapne
    ye sab baatein aur concepts naye traders ko samjh me aane bahut zaruri hote hai kyunki unke trading career me inka bahut bada role rehta hai jaise jaise wo trading karte jate hai

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Junior Member ForFoReX1 is on a distinguished road ForFoReX1's Avatar
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    I have read a lot about this topic, but I did not understand something I hope you explained and explain in more detail because I began to feel that the matter is good and we followed well and wait for more from you in the future

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Senior Member dmambi is a jewel in the rough dmambi is a jewel in the rough dmambi is a jewel in the rough dmambi's Avatar
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    Price action is just another method of trading in Forex market where the trader not use indicators for his decisions. Instead a trader monitor the price movement on his charts and based on different patterns of price movement he predicts the price movement and trade accordingly to make money.
    HUM HONGE KAAMYAAB HUM HONGE KAAMYAAB EAK DINA
    WE WILL BE SUCCESSFUL ONE DAY
    NAAVU GEDDE GELTIVI ONDU DINA

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    It seems to be a good topic. we are waiting to read from you asiaforexmentor. I have heared about price action but until now I didn't find any good discussion about this. I think traders who masters price action are the 5% of traders who continue trading for life.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Sounds interesting to me. I did not know price action is really this important. Would read more about this now.

    Thanks for the info.

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  15. #1
    Member asiaforexmentor is a jewel in the rough asiaforexmentor is a jewel in the rough asiaforexmentor is a jewel in the rough asiaforexmentor is a jewel in the rough asiaforexmentor's Avatar
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    What is Price action?

    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

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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