E
Erin
If we consider the only thing that moves the market is orders then we need to know how we view those orders - here is a very basic model of how price developes in a bearish view
Price action how does it work?
- Thread starter Aline86
- Start date
E
Erin
If we take what we know from the above chart that price action is viewed as bearish we can establish a zone of where the buy orders failed - supply is made
E
Erin
Ill put to this into context - this is only a snippet of the picture that is developing - essentially this is learning to say a couple words in price action but to fully understand what is occurring you need to formulate a sentence
E
Erin
If you understand how to view buy and sell orders then the next step is to see how they develop in swings - swing highs and lows
E
Erin
Now we see how that snippet of information plays into the bigger picture and we could go on and show the whole conversation with this chart in price action - the ideas are simple once you understand the theory - and I suspect this is why so many OTC students fail at this as they have never been taught how to properly read price action
E
Erin
The same theory can be applied to all timeframes - this is a 10 min chart
price action = watch it with your own eyes. if it makes higher high = uptrend. if you see it makes lower low = downtrend.
it's really that simple.
it's really that simple.
You are always very helpful. I appreciate reading what you have to say. Honest and kind. Seems a bit rare around here. Cheers to you, Mr. H!
it is very helpful all those explanation, i realy appreciate thanks