where can i learn PRICE ACTION trading ?

[SimpleMeLike]

is that what you used?

I used NinjaTrader before not anymore, just manual trading.

 

[easymon1]

I'm so confused when trying to find reliable sources to learn about Price Action. Can anyone recommend me?

https://www.learntotradethemarket.com/forex-trading-strategies/price-action-retracement-entry-types

 

[farmerjohn1324]

Tradex,

This was probably the best strategy I can find during my automation days.

I can tell you this, trying to back test with fixed profit and fixed stop loss is bullshit.

View attachment 239807

Is that NinjaTrader?

 

[SimpleMeLike]

Is that NinjaTrader?

Yes sir it is.

And its all for free. Free software and free historical data.

 

[MarkBrown]

Yes sir it is.

And its all for free. Free software and free historical data.

does ninja trader allow you to put two data streams on the same chart? like can you plot two markets on the same chart at the same time?

 

[SimpleMeLike]

does ninja trader allow you to put two data streams on the same chart? like can you plot two markets on the same chart at the same time?

Hello Mark,

I do not know the answer to this question. Their email support is awesome and can answer this question for you within 1 business day.

 

[MarkBrown]

Hello Mark,

I do not know the answer to this question. Their email support is awesome and can answer this question for you within 1 business day.

well i was thinking it might help your charting to have a broad market index running on the same chart below the market your trading for conformation.

 

[SimpleMeLike]

well i was thinking it might help your charting to have a broad market index running on the same chart below the market your trading for conformation.

Hello MarkBrown,

Yes, thank you. I agree with you. I have not use NinjaTrader or practice/programmed trading in about 2 years. NinjaTrader is great, I just do not like the whole automation trading anymore. Just not for me.

 

[easymon1]

I just do not like the whole automation trading anymore. Just not for me.

If you write on this sometime, that'd be interesting.

 

[aquarian1]

I'm so confused when trying to find reliable sources to learn about Price Action. Can anyone recommend me?

I cannot say I know the answer to your question. However, Jesse Livermore was apparently very good at it. In those days you just saw the prices on the ticker tape. They did not have computers and intra charting.

As I understand the process you watch the prices (the last) and note what happens at certain levels. You will see the price hit levels and then react. What levels and how it reacts is what you are learning.

Lately, I have watched the price and the volume at prices (I trade MES) seeing if when there is a larger volume than usual does price push up through or back down.

(I don't think Al brooks or using the DOM are good ideas - in trading you must be unique to succeed - IMHO)