Understanding price action

[wrbtrader]

Hey Erin, nic3 charts, but is all of this hindsight bias? Or are you executing these in real-time and analyzing the trade afterwards?

If they were trades...I would think he would specifically talk about position size and entry/exit prices. Also, if he was talking about his trades...he would post this thread in the "trade journal" section and not the technical analysis section.

Probably, just explaining his view point about technical analysis via the perspective from someone that uses price action without any indicators with a topic title "Understanding Price Action".

wrbtrader

 

[volpri]

If they were trades...I would think he would specifically talk about position size and entry/exit prices. Also, if he was talking about his trades...he would post this thread in the "trade journal" section and not the technical analysis section.

Probably, just explaining his view point about technical analysis via the perspective from someone that uses price action without any indicators with a topic title "Understanding Price Action".

wrbtrader

He is a she.

 

[volpri]

it is a side way, non trending, non directional market.

I'd avoid such market even if I have nothing else to trade.

I really like sideways markets. I can scalp them for hours if they will last.

 

[maxinger]

I really like sideways markets. I can scalp them for hours if they will last.

i like it too provided range is wide, and movement is trendy

 

[Erin]

If they were trades...I would think he would specifically talk about position size and entry/exit prices. Also, if he was talking about his trades...he would post this thread in the "trade journal" section and not the technical analysis section.

Probably, just explaining his view point about technical analysis via the perspective from someone that uses price action without any indicators with a topic title "Understanding Price Action".

wrbtrader

Price action cannot be explained without charts however it appears there is no interest in buy and sell order analysis so I will leave it here and let the thread die.

 

[volpri]

Well it is about understanding how price action develops - I play level to level - and I play the imbalance of orders...Im jumping ahead of myself but we can play orders that are not an imbalance - see how this chart plays out - Ill let you figure out the RR

Most of the time in scalping you not gonna have that great of a R:R on any averaged down trades. On straight scalps, one can if the entries are precise, and ones tabulates the RR as actual RR not initial risks. I have a very high win rate so RR is basically a moot point for myself. I generally just don’t worry about like all the guru’s do.

 

[wrbtrader]

Price action cannot be explained without charts however it appears there is no interest in buy and sell order analysis so I will leave it here and let the thread die.

Most of the people I know that are interested in Buy/Sell order analysis, DOM analysis, Order Flow analysis or whatever it is called these days...they're mainly scalpers that try to micro-manage their trading.

Its not something usually learned via chart analysis. Instead, its something learned in video recording of the DOM either with a chart of the price action or without a chart.

Therefore, there are those that are price action trading and do not use charts. They usually just post a video of their DOM analysis or hindsight chart analysis with the DOM in the same chart involving talking about buy/sell order analysis.

wrbtrader

 

[volpri]

Price action cannot be explained without charts however it appears there is no interest in buy and sell order analysis so I will leave it here and let the thread die.

Actually, I for one was interested in the technique. I am not sure I understand the concepts yet but what you have shared has thus far got MY interest. And I for one am glad to see a lady share some insights. Us men are just too arrogant.

As concerns charts and hindsight and all that stuff I just wouldn’t worry about it. As you said price action cannot be explained without charts. So all PA explanations have to be by nature hindsight. You can’t explain graphically, something that has not yet happened. If folks can’t understand that concept then that is their problem.

As far as executions go in order to show something as viable ....well it doesn’t require any executions. Every man or woman can execute the concepts on a SIM for their own selves if they have a mind to and are not too lazy to do so. All any trader really needs are clear explanations.

However, if you WERE inclined to show live executions a SIM will work just fine. Every body can just adjust entries and exits by a tick to determine if the execution would have more than likely actually happened.

In the end, if you were to not do or show any live trading, SIM or otherwise, that does not invalidate the concepts you are explaining. So, your level of how much you are willing to do and show is entirely your decision.

ET is famous for traders wanting proof. Well let them test the concepts out themselves and there they will have their proof!

 

[volpri]

There's probably not one post from Erin that's been made which was not factually incorrect imo.
Most every post has been garbage, yet what surprises me is people here seem to agree with it.
Maybe I shouldn't be surprised...

ROFLMAO that is coming from an investor who could not learn intraday scalping. I scalp ALL THE time. Sometimes all day long. You can’t get it because you can’t understand what is happening nor get a handle on it so you are resigned to just close your eyes and bellyache. Mickey go back to investing and drinking coffee in your coffee shops in Australia. Some folks don’t like investing and some don’t like coffee and some don't like coffee shops.

It has gotten kinda quiet from long-term LONG investor lately...now hasn’t it?
ROFLMAO

 

[wrbtrader]

Price action can be explained either via hindsight charts or real-time via live screen sharing of live streaming data. Both are fine but hindsight charts allow more in-depth explanations without the rush to keep it extremely simple when trying to do it in real-time via live data.

In my opinion, a combination of both is better and only a few ET members have done such but they're long gone from this place.

Yet, didn't see anyone in this thread asking for verification but there was just one person asking if these are trades.

wrbtrader