where can i learn PRICE ACTION trading ?

[Spooz Top 2]

Spend time watching charts and price as it unfolds. pay attention to where price changes direction.

Write down the price every 5 minutes. Don't try to guess where price will go next, just observe what price does and how it reacts to different levels. Do that for a week and then see if you can determine if the buyers or sellers are in control.

+1 ... This

There is no substitution for screen time and experience...

 

[QTrader20]

+1 ... This

There is no substitution for screen time and experience...

+1... I totally agree with it.

 

[DevBru]

Exactly, screen time is the only way to learn price action.

You need to see it develop in front of you to be able to understand it. There probably are some courses that could send you in the right direction but I wouldn't spend too much money on them.

Also know that price action on its own isn't always reliable. The best thing to do is identify important areas like VWAP, previous day high or low, pre market high or low, some moving averages, ... In my experience price action around important levels is much more reliable than price action at non important levels.

 

[Tradex]

Do that for a week and then see if you can determine if the buyers or sellers are in control.

A week??

Try 20 or 30 years instead.

Nobody can decode the market in a week, let's get real for a second.

 

[deaddog]

Nobody can decode the market in a week, let's get real for a second.

You mean you were not able to do it in a week. Gotta be someone out there that can figure it out in a week.

 

[IamTheCasino]

You mean you were not able to do it in a week. Gotta be someone out there that can figure it out in a week.

More like its already been done and people think they are going to discover something new because ego.

 

[Tradex]

You mean you were not able to do it in a week.

Took me 20 years, and I am still learning.

 

[Tradex]

More like its already been done and people think they are going to discover something new

The most profitable chart patterns will never be revealed in books, Youtube, blogs or forums, you have to find them by yourself, and this could take decades of research and backtests...

 

[deaddog]

The most profitable chart patterns will never be revealed in books, Youtube, blogs or forums, you have to find them by yourself, and this could take decades of research and backtests...

Or a week;

You gotta start somewhere and most won't take a week of their time to watch the markets. Just observe, don't try and come up with a strategy, don't guess where price will be next, just watch and see what happens.

I'm guessing you never took a week and wrote the price down every 5 minutes. Who knows it might have taken you less than 20 years.

 

[Tradex]

In my experience price action around important levels is much more reliable than price action at non important levels.

True, but the most violent trends seem to start in a vacuum, with no visible support or resistance levels nearby, that's why it is so hard to trade them.