How many of you (small timeframe) traders take PA into account?

Is PA a major deciding factor for you when placing a trade?

  • Yes

    Votes: 28 87.5%

  • No

    Votes: 4 12.5%
  • Total voters
    32
H

halfwaythere

Trading small time frames (personally I trade 250tick/550tick NQ) charts do you pay much attention to candlesticks/price action and how they behave around certain areas that you deem important? Would you say this is crucial to becoming a successful trader? Where did you learn about it?
 
I the super short term Its all about price action in my opinion. Nothing else will make you money in the short term apart from reading and feeling where the price is going.
 
Candle Sticks hell no, when they end / close is kinda irrelevant so candle sticks patterns are useless IMHO!

Momentum and joining it sensibly is where it's at, not watching it and trying to pick a direction change.
 
i960 said:
Because everyone knows this already Surf.
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Im not following. Most traders lose money, knowing what everyone knows is a sure way to nowhere. The cause is why price moves. Once it moves, its too late to make a decision, which is seen on a price chart--- it seems illogical to focus on results rather than the cause.
 
Last edited:
marketsurfer said:
Im not following. Most traders lose money, knowing what everyone knows is a sure way to nowhere. The cause is why price moves. Once it moves, its too late to make a decision, which is seen on a price chart--- it seems illogical to focus on results rather than the cause.
More...

Most traders don't necessarily lose money due to inability to understand price action, though.
 
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