Mark's Price Action Course

[Mr. TNA]

good question but i am not bothered with taking time to answer or even in trying to find the answer:because i get my profit and loss, by price.

volume supposedly leads price and this may be true but unless you know and can measure exactly by how much, volume leads price, it is of no use to me: "if you cant measure it,you cannot manage it"-Ed Seykota

The profit and loss may come from the price, but typically the buy and sell signals come from technical indicators. I have found volume useful since approximately 70% of my technical indicators are based on volume.

Ed's quote "if you cant measure it,you cannot manage it"
Mr. TNA's quote "if you don't know how to measure it,you cannot manage it"

 

[padutrader]

The profit and loss may come from the price, but typically the buy and sell signals come from technical indicators. I have found volume useful since approximately 70% of my technical indicators are based on volume.

Ed's quote "if you cant measure it,you cannot manage it"
Mr. TNA's quote "if you don't know how to measure it,you cannot manage it"

i have found i can do without technical indicators or volume or even price....i do not use price action.
i know how the market moves...where it will go.....whether i should buy or sell....

 

[SimpleMeLike]

i do not use price action.
i know how the market moves...where it will go.....whether i should buy or sell....

padutrader,

very nice sir.

Why do you not use price action? I thought your skills was in price action?

 

[padutrader]

padutrader,

very nice sir.

Why do you not use price action? I thought your skills was in price action?

i have lost money for 10 years using price action...nothing wrong with PA but it did not suit me.
if you can understand market movements then you have hit jackpot because the market repeats

 

[SimpleMeLike]

i have lost money for 10 years using price action...nothing wrong with PA but it did not suit me.
if you can understand market movements then you have hit jackpot because the market repeats

padutrader,

I am sorry for your loss.

Correct me if I am wrong but isn't market movements considered price movements? Is price action not price movements?

You are looking a price movements on a chart and making a decisions.

 

[Mr. TNA]

i have lost money for 10 years using price action...nothing wrong with PA but it did not suit me.
if you can understand market movements then you have hit jackpot because the market repeats

I find your comments interesting. In what time frame/s do you employ your tactics?

 

[volpri]

What is volume?

 

[padutrader]

I find your comments interesting. In what time frame/s do you employ your tactics?

5 min

 

[padutrader]

What is volume?

it is transactions

 

[padutrader]

padutrader,

I am sorry for your loss.

Correct me if I am wrong but isn't market movements considered price movements? Is price action not price movements?

You are looking a price movements on a chart and making a decisions.

think about how the market moves.....an up bar, then retracement......sometimes breaking the up bar low....it usually makes two attempts to break the low, so if you enter on the up bar put a tight stop below the up bar it will be triggerred more often then not.

stop running? no , the market is not bothered about you...it is just moving... as it usually does.

then it will go up and after sometime come down again to test that area and if you put trailing stop that will hit.

just watch the market on a clean chart

trade small keep enough margin....and have a ball

you may get trades like the one below