Price action how does it work?

[wrbtrader]

I am tired of using a lot of indicators on my graphics. Well now it looks like the dashboard of an airplane. I wonder how some people manage to trade without a technical indicator and how price action actually works. The simpler it is, the better.

Go to Google.com and type in Price Action Trading.

Yet, being tired is your way of saying you're not profitable with all those indicators ?

wrbtrader

 

[schizo]

I am tired of using a lot of indicators on my graphics. Well now it looks like the dashboard of an airplane. I wonder how some people manage to trade without a technical indicator and how price action actually works. The simpler it is, the better.

This particular topic has been extensively covered in the past.

https://www.google.com/search?q="pr...rome..69i57.7730j0j4&sourceid=chrome&ie=UTF-8

 

[ironchef]

The beauty of price action is it is in the eye of the beholder. For the same chart, you can interpret anyway you want and a million people very likely have a million interpretations.

 

[Sprout]

I am tired of using a lot of indicators on my graphics. Well now it looks like the dashboard of an airplane. I wonder how some people manage to trade without a technical indicator and how price action actually works. The simpler it is, the better.

Volume leads price, no exceptions (other than PA traders whom claim otherwise.)

The above is directly observable but requires drills to clarify perception.

This is a minority opinion.

 

[Aline86]

Sit in front of a screen for a full market cycle, or more. It's only ten years at this point. You will figure it out.

well saying that it looks like very simple

 

[Aline86]

Stonk go up, stonk go down. You can't explain that.

Really?

 

[Aline86]

Simple no make money unless you are the fastest.
Why do people expect to come in and make good returns when huge funds devote billions of dollars in research and can't beat the index

is this mean, no way to success for normal people?

 

[Sprout]

is this mean, no way to success for normal people?

Only if you following the conventional wisdom which is based on a class of math that introduces noise.

The financial industry mostly derived it’s profits through fees not effective and efficient use of capital.

 

[Metamega]

I feel like the term “price action” will be the same as technical analysis. I mean when computers came out, technical analysis was the way to do it. Everyone learned it’s not that simple.

I’ve always kind of viewed quantative, technical analysis, price action all the same. You expect the past to repeat and provide a profitable and repeatable edge.

 

[Handle123]

http://thepatternsite.com/chartpatterns.html