Understanding price action

  • Thread starter Thread starter Erin
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Nobert said:
lol

level 3
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NQurious said:
@Baron you ought to give OP's the ability to block members from their own threads. I'm all for free speach but it goes both ways, and Mark really was doing allhe could to deny Erin and all of us the right to discuss this topic. She should have been able to have him blocked from patrticipating in her thread once it becasem clear he was going to harass her until she quit.
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Wouldn't be wise.
There's users, who gets into little tribes, that shares sames foolish believes, that could lure in newbies, and corrupt them (fill their minds with biases/stupid trading/investing ideas/techniques),
then from time to time,
a shady sponsor shows up/manages to slip through (they stay quiet at first tho, typical psychopath/sociopath/scammer behavior), and if they would have a right to block people, - no way would be left, to expose them for their wrong doing.

An example of that -
potentially - fake accounts, sharing illusionary experiences, while in the bottom, you see a thought from real member :
LMI1.png
 
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Actually the name of the thread should have been Opening a can of worms. I anticipated that how we see buy and sell orders within the chart itself would be controversial. However I did not anticipate the reactions of members would be so strong. Baron has let me reactivate my membership to finish the thread. I have no agenda and nothing to sell. Its just an alternative view...or you can say an advanced view on supply and demand. I choose Technical Analysis as I felt this would be appropriate.
 
Im going to use the buy sell price model as it is easier to understand and follow along. Every bar contains orders at every tic, it is the reason how the bar formed. We can make a general statement that where a bar stops going higher is where it met sell orders. Just as where a bar stopped going lower it met buy orders. If this was not the case the collapsing bar would fall off of your screen and roll under your desk without buy orders. Same for advancing price action - no sell orders, the bar would blow right off of your screen into space. Im approaching price action from the stand point that we can see where the orders are just by how the bars are forming.
 

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I don’t want to bother anyone.
But I find it useless ...

You found a pattern on your chart (Practice)
Then you make up a theory which isn’t falsifiable.

Why bother trying to explain what you see ?

There are market microstructure theories.
Not sure if you’ve read them.
But you might like it.

Trading and Exchanges: Market Microstructure for Practitioners

ps : Your charts are beautiful !
Really enjoyable aesthetic.
And thanks for sharing :)
 
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It is not a pattern Sekiyo, it is a process. The process of filling orders and how we see them on our charts. I try and do a mix of historical and real...I cannot force the process it unfolds in the same manner over and over.
 

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Nobert said:
In order to receive constructive criticism and to learn/improve, my guess.
Some just won't ask directly for it, due the fear of rejection.

:thumbsup:
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I agree that mental models are importants.
To understand how things work is the way to go.
Feedbacks between theory and practice are primordial.

But for me trading is probabilistic.
It’s not classical mechanics but more quantum.

It won’t give me an edge to know that ...
A bar is green because there is more buyer.

You won’t see absorption.
You won’t see exhaustion.

And even if you can “see” (feel, smell) it ...
Can you implement a system to exploit it ?
Profitably ?

Orders are resting everywhere.
I have a 300 DOM levels,
So what ?

We’re going everywhere ?
 
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