Learn Price Action

Dobbes · Apr 25, 2008

This is a common bit of advice that gets tossed around. 'Learn Price Action,' well, I would love to. How exactly should one go about 'learning price action?'

alex.samant · Apr 25, 2008

by using common sense.

Cocaine · Apr 25, 2008

Where can one find live markets trading where price is moving up, down and sideways? There is your answer.

Quote from Dobbes:

This is a common bit of advice that gets tossed around. 'Learn Price Action,' well, I would love to. How exactly should one go about 'learning price action?'

gymratnyc · Apr 25, 2008

It's like saying the Trend is your friend

El OchoCinco · Apr 25, 2008

http://www.surinotes.com/

Iceburrg · Apr 25, 2008

Quote from Dobbes:

This is a common bit of advice that gets tossed around. 'Learn Price Action,' well, I would love to. How exactly should one go about 'learning price action?'

I would suggest getting a real good understanding of supply & Demand. But be sure to have an understanding of it as it applys to bid/offer.
As this is just my own opinion.. I'm sure there are other ways (as well as beliefs on understanding price action).
Once you have a good understanding of supply and demand, apply some serious screen time and actually watch price action. Apply your newly found knowledge to figure what is happening on the screen **I actually talk to myself out loud!!
Now you are on your way down the golden path to the holy grail (** it has never been verified that a holy grail is at the end of the path... but there are some people further down the path with a beautiful cup full of gold and other stuff I wouldn't mind having)

- Hope this helps. Good luck

stock_trad3r · Apr 25, 2008

Learn to be on the right side of the trade

Cocaine · Apr 25, 2008

Does that include being ultra biased one way and ignoring an entire side of the market for trading purposes?

Quote from stock_trad3r:

Learn to be on the right side of the trade

wiesman02 · Apr 25, 2008

Quote from Dobbes:

This is a common bit of advice that gets tossed around. 'Learn Price Action,' well, I would love to. How exactly should one go about 'learning price action?'

stare at price action for 1000's of hours. If u have a brain, u will start to make sense of it. There's no substitute.

The kicker is 'if u have a brain' . Unfortunately, many seem to be lacking in that area here at ET

yoohoo · Apr 25, 2008

for practical help, so you don't have to stare at the charts for 1000's of hrs trying to reinvent the wheel, you might find Intraday Fx Player thread gives you a leg up. You'll need to go back a fair bit and follow the chart posts to understand what's going on.