price action learning

[cyberbob222]

Hi,

I have been a silent reader here for a few months now, and time came to expose myself Thank you for all your help you were giving me.

After months of day/night trading/testing/trading/testing, i came to conclusion that indicators are really useless. Pure candlesticks are most honest with me, and i would like to deepen my knowledge about them. I know basics, but i am still getting surprised.

I wonder if somebody could give me a direction:
- what source will do best for my learning
- which timeframe is most suitable for price action reading /which chart will suprise me least/.
- please take a look at image attached: why after nice tall bullish candle, i am getting that drop down?




Thanks.

[joshipramod]

Dear CyberBob, I am also a beginner and getting biased towards Price Action after reading and understanding about indicators.1. I am following Nial Fuller (Learn to Trade the Market) and Johnathan Fox (Forex School Online) to learn more about Price Action at this moment. Both of them provide Online Courses also.
2. My studies reveals that Price Action best applies to daily and weekly. You can use 1H chart to get the best entry for your trade.
3. Don't have answer to your third query.

[jamessheppard]

Have you guys gone through all of ict videos/thread? It is called ' what every new trader wants to know' or something like that. Cant post a link cos on my phone now.
It has hours and hours worth teaching you all about price action trading. I am fairly new as well so i am making my way through them as we speak. Price action trading, in my opinion is best suited to larger timeframes.
As far as your chart goes, i couldnt see it well from my phone but the bullish ling candle looks so out if line with the rest it loiks news related.

[yunny1]

I wonder if somebody could give me a direction:
- what source will do best for my learning
- which timeframe is most suitable for price action reading /which chart will suprise me least/.

Price action is the study of price usually around support/resistance levels

You can use Japanese Candlesticks to accomplish that but any type of chart can do the work...

The best sources for Japanese Candlestick trading are books from Steve Nison and Stephen Bigalow

Next try to learn as much as you can about support/resistance, here are some links:
http://www.fxstreet.com/education/te...ce/2008/09/05/
Technical Analysis: Support And Resistance | Investopedia
Support and Resistance - ChartSchool - StockCharts.com
Support and Resistance | Support and Resistance Levels | Learn Forex Trading
Support & Resistance Basics

[Hugh]

For price action trading, you might want to check out Nial Fuller, Sam Saiden, Chris Lori and Steve W. at No Brainer Trades. The timeframe depends on what you feel the most comfortable with and what tests best for you.

[rainmonkey]

Nikita's also got a pretty good thread here.

Search for pure price action for dummies... I'm reading it now, but i think i need to fix some timeframe/daily candle issues with Oanda.

[Johnny2pips]

First your question "what chart will provide the least surprises" 1H and above. Anything lower than 1H will surely have you discouraged with trading at least as a beginner.

Second take a look at this video Trading Support & Resistance - YouTube it's one of ICT's material on trading support and resistance.

Third if you like the above mentioned video check out the rest of ICT's teachings at What Every New & Or Aspiring Forex Trader... Still Wants To Know

Lastly I wish you good luck and good trading

[d-pip]

Dig into the babypips achieves and you’ll find three excellent threads started by “Tess". Tess and her family are successful pro traders.

Over the life of the threads there are lots of posts, questions and answers making for a long read. But if you spend the time sorting through the threads you will quickly find a simple, common sense and easy to track profitable trading method.

Some have suggested starting with the “Technical Templates Continued" thread.

Technical Templates Continued

Technical Templates 2

Alternative Technical Templates.

Check this out for quick bio on Tess. Featured Women Forex Traders: March's Picks!

Good luck!

[GabbyFX]

Hi,

I have been a silent reader here for a few months now, and time came to expose myself Thank you for all your help you were giving me.

After months of day/night trading/testing/trading/testing, i came to conclusion that indicators are really useless. Pure candlesticks are most honest with me, and i would like to deepen my knowledge about them. I know basics, but i am still getting surprised.

I wonder if somebody could give me a direction:
- what source will do best for my learning
- which timeframe is most suitable for price action reading /which chart will suprise me least/.
- please take a look at image attached: why after nice tall bullish candle, i am getting that drop down?

Thanks.

There is a thread right here in baby pips that is really good for people looking to learn price action and just one best system for month of may. Can find here: Forex Price Action

I have been following for last week or so and they seam to mainly post about 4hour and daily charts.

Hope this helps,

Gabby

[Doreen Mayzler]

There is a thread right here in baby pips that is really good for people looking to learn price action and just one best system for month of may.

I have been following for last week or so and they seam to mainly post about 4hour and daily charts.

Hope this helps,

Gabby

Your right Gabby, thats the thread to follow for Price Action, regular explanitive posts, great place to get an education