IN THIS THREAD: IronFist learns (the elusive) PRICE ACTION

[cashmoney69]

Hey Iron, if you can, keep posting your charts.

 

[AlpineTrout]

Quote from Mr_Black:

PA

.......and VA......now we're talkin'.

 

[pclark]

Today is not a good day for me. I can't draw a trend line to save my life and it seems really choppy. I'm using 2m chart on ES.

Paul

 

[Lucrum]

Quote from pclark:

Today is not a good day for me. I can't draw a trend line to save my life and it seems really choppy. I'm using 2m chart on ES.

Paul

Not much of a trend since the RTH open.
ES is about where it was 10 mins after the open.

 

[IronFist]

Thanks to jjrvat for pointing out that I wasn't watching HH/HL as closely as I should be.

Here's today's attempt so far

 

[BSAM]

Quote from IronFist:

Thanks to jjrvat for pointing out that I wasn't watching HH/HL as closely as I should be.

Here's today's attempt so far

IF---

Are you wanting to learn trendlines or price action?

Price action isn't just trendlines.

Perhaps you misnamed your thread. You seem to be concentrating on only one way of getting into a good trade.

There's other ways to understand price action. Think about it.

 

[IronFist]

Quote from BSAM:

IF---

Are you wanting to learn trendlines or price action?

Price action isn't just trendlines.

Perhaps you misnamed your thread. You seem to be concentrating on only one way of getting into a good trade.

There's other ways to understand price action. Think about it.

I thought trendlines were a legit component of PA. Maybe I was mistaken.

Many of the "PA" charts posted on ET contain trendlines.

Should I stop using them if I'm trying to learn PA?

 

[jonbig04]

Quote from IronFist:

I thought trendlines were a legit component of PA. Maybe I was mistaken.

Many of the "PA" charts posted on ET contain trendlines.

Should I stop using them if I'm trying to learn PA?

They are absolutely legit, just remember there are many more tools.

 

[nkhoi]

Quote from IronFist:

I thought trendlines were a legit component of PA. Maybe I was mistaken.

Many of the "PA" charts posted on ET contain trendlines.

Should I stop using them if I'm trying to learn PA?

I vote for stop using them just so that you can focus more on price.

 

[pclark]

Quote from jonbig04:

They are absolutely legit, just remember there are many more tools.

Like OHLC S/R lines? Would you consider bar patterns as well? What else?