The Hand of Scalpuman

Forum of the Lord of Trading fellowship


 
HomeCalendarFAQSearchMemberlistUsergroupsRegisterLog in
Latest topics
» Daily Market Analysis from ForexMart
Tue May 03, 2016 9:51 am by Andrea ForexMart

» Company News by ForexMart
Wed Apr 27, 2016 9:46 am by Andrea ForexMart

» forex & binary - licensing & consulting
Thu Apr 14, 2016 1:32 pm by AGPLaw

» Stop leading an 8/5 robotic life and live real life!
Wed Oct 14, 2015 9:59 am by Ian Shaw

» Forex and binary options affiliate program reviews
Wed Sep 09, 2015 7:09 pm by affiliates-network

» InstaForex Company News
Thu Oct 02, 2014 8:29 am by IFX Yvonne

»  Forex expositions by ShowFxWorld.
Fri Aug 29, 2014 10:44 am by ShowFxWorld

» Forex News from InstaForex
Fri Aug 22, 2014 9:48 am by IFX Yvonne

» Shaolin Black Swan and Crunching Hobbit
Wed Jul 23, 2014 7:44 pm by Sauros




Share | 
 

 What is Price action?

Go down 
AuthorMessage
asiaforexmentor

avatar

Posts : 66
Join date : 2011-03-28
Location : Singapore

PostSubject: What is Price action?    Mon Nov 21, 2011 5:20 am

A lot of people have this question in mind, what exactly is PRICE ACTION.
And why is PRICE ACTION KING IN FOREX?
To answer the above question, i start off with talking about indicators.
There are tons of indicators out there, be it forex or others. They work mostly the same way.
And there are new indicators coming out every other day.
Alot of traders when they first started trading forex, they have tons on indicators on their charts. Trying different combination of which works best for them. And at the end of the day, they get confused all over as one indicator may be telling you to go long, but the other is telling you to go short.
Which will result in you making bad decisions and end up blowing your account with a frustrated mind.
Why does it happen this way? Indicators are derived from the chart movements. Some indicators react faster, some slower.
However, as they are derived from the chart movements. They are 1 step slower than the chart. Which is in fact Price Action!
Price Action leads the indicators, and when price reverses it movement from short to long (example). The indicator which you are watching is one step too late. And by the time the indicator confirms it is going short, Price Action has taken the market to go Long.
This happens most of time, if not all of the time.
Therefore = ALL INDICATORS ARE LAGGING INDICATORS!
PRICE ACTION IS WHAT LEADS THE INDICATORS, IT IS KING IN FOREX!
By understanding Price action in forex trading, we are able to understand the ENTIRE PICTURE of the market.
WHY is the market moving up,
WHAT causes it to stop moving,
WHY is the market reversing
WHY is the market in consolidation
IT is like reading a book once you have mastered price action in forex. And the best thing is, It is not difficult!
It is even easier than you reading an indicator.
And when you mastered price action, with combination of our system. You will almost be able to pick absolutely MARVELLOUS TRADES all the time. CONFLUENCE is the King of the game. This is what equates to our high probablity trades with a high winning ratio.
To an Awesome Trading as Always,
Ezekiel Chew
Back to top Go down
View user profile http://www.asiaforexmentor.com
 
What is Price action?
Back to top 
Page 1 of 1
 Similar topics
-
» Mô hình giao dịch Forex Price Action
» Simple Moving Average (SMA)
» Vrste strategija investiranja
» Allow Price Action to Show You a Clear Opportunity In FX
» Can Anyone Explain How Tea Auction Price Affect To Share?

Permissions in this forum:You cannot reply to topics in this forum
The Hand of Scalpuman :: The Trading Holy Grail Forums :: The Bull, The Bear and the Ugly Spreader Trading Forum-
Jump to: