What is Price action?

[ntn]

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

[paulis]

well in others to trade and benefit from the forex market we really need to consider price action because with price action we can really trade and make the best profit on the forex market and prices suddenly start bouncing off resistance levels. This should tell you that this signal is not feasible, it is because the price action indicates that the market does not want to go further up. Every trading decision based on technical indicators must include consideration of price action.

[diantara]

I know who is professional in Forex, they know the market price action. They identified that the direction of price movement from which point by analyzing by experts was good but time consuming. and Forex trading is a very profitable business for those who are experts in this matter and this has led to increased hugs in people who try their luck, however, it is estimated that 70% of those who try to trade Forex are still consistently losing. If you want to be at the 30% who don't visit Everest, learn their strategies and, if you're good, you can even receive Forex bonuses from them.

[kashibul]

I've heard the term price action in this forum, bro? please explain clearly and in detail. because I really do not know. Please help me? and the price action strategy is a very good strategy but it is not easy to understand it easily. It takes time to understand because this strategy is very complicated and you cannot become an expert in this strategy easily.

[Bindas36]

There is no evidence that these explanations are correct even if the price action trader who makes such statements is profitable and appears to be correct.[10] Since the disappearance of most pit-based financial exchanges, the financial markets have become anonymous, buyers do not meet sellers, and so the feasibility of verifying any proposed explanation for the other market participants' actions during the occurrence of a particular price action pattern is tiny. Also, price action analysis can be subject to survivorship bias for failed traders do not gain visibility. Hence, for these reasons, the explanations should only be viewed as subjective rationalisations and may quite possibly be wrong, but at any point in time they offer the only available logical analysis with which the price action trader can work.

[Bindas36]

A price action trader observes the relative size, shape, position, growth (when watching the current real-time price) and volume (optionally) of the bars on an OHLC bar or candlestick chart, starting as simple as a single bar, most often combined with chart formations found in broader technical analysis such as moving averages, trend lines or trading ranges.[7][8] The use of price action analysis for financial speculation doesn't exclude the simultaneous use of other techniques of analysis, and on the other hand, a minimalist price action trader can rely completely on the behavioural interpretation of price action to build a trading strategy.

The various authors who write about price action, e.g. Brooks,[8] Duddella,[9] give names to the price action chart formations and behavioural patterns they observe, which may or may not be unique to that author and known under other names by other authors (more investigation into other authors to be done here). These patterns can often only be described subjectively and the idealized formation or pattern can in reality appear with great variation.

[Bindas36]

price action is a method of billable negotiation in the analysis of the basic movements of the price, to generate signals of entry and exit in trades and that stands out for its reliability and for not requiring the use of indicators. It is a form of technical analysis, since it ignores the fundamental factors of a security and looks primarily at the security's price history. What differentiates it from most forms of technical analysis is that its main focus is the relation of a security's current price to its past prices as opposed to values derived from that price history. This past history includes swing highs and swing lows, trend lines, and support and resistance levels.

At its most simplistic, it attempts to describe the human thought processes invoked by experienced, non-disciplinary traders as they observe and trade their markets.[1][2][3][4] Price action is simply how prices change - the action of price. It is readily observed in markets where liquidity and price volatility are highest, but anything that is bought or sold freely in a market will per se demonstrate price action. Price action trading can be included under the umbrella of technical analysis but is covered here in a separate article because it incorporates the behavioural analysis of market participants as a crowd from evidence displayed in price action - a type of analysis whose academic coverage isn't focused in any one area, rather is widely described and commented on in the literature on trading, speculation, gambling and competition generally. It includes a large part of the methodology employed by floor traders[5] and tape readers.[6] It can also optionally include analysis of volume and level 2

[Bindas36]

The price action is a method of billable negotiation in the analysis of the basic movements of the price, to generate signals of entry and exit in trades and that stands out for its reliability and for not requiring the use of indicators

[Ghaisullah]

What is Price Action?

Price action is the movement of a security's price plotted over time. Price action forms the basis for all technical analysis of a stock, commodity or other asset chart. Many short-term traders rely exclusively on price action and the formations and trends extrapolated from it to make trading decisions. Technical analysis as a practice is a derivative of price action since it uses past prices in calculations that can then be used to inform trading decisions.

KEY POINTS

◘Price action generally refers to the up and down movement of a security's price when it is plotted over time.

◘Different looks can be applied to a chart to make trends in price action more obvious for traders.

◘Technical analysis formations and chart patterns are derived from price action. Technical analysis tools like moving averages are calculated from price action and projected into the future to inform trades.

[camano]

Basically, there are two types of traders in this world the first is that using fundamental analysis and second, traders who use technical analysis. To be honest, I highly recommend using technical analysis rather than fundamental analysis. and With this automated program, the FX trading field has turned into a park walk even for newcomers.