Can someone show an example of a price action

[Delgado23]

Like with stoch(14,3,3), rsi (3,80,20), and MA 200

[QuadPip]

I’ve linked below some of my previous posts exemplifying some very basic price action principles along with a unique way to use MAs. Hope they prove helpful in whetting your appetite to explore PA concepts further.

A Simple & Effective Method to Ride a Trend

@Rickster99 I forget that the settings that I use on indicators are not available on all platforms. I smooth out the RSI by using a WMA 7 period as input rather than the “close” value. Unless you are using Multicharts this is probably not something that your platform allows you to do. I placed a simple RSI using the “close” as input but it was too erratic and if I increased the period over 4 then it never got to the 80 mark. And fiddling with the values to give me what I want did not seem like …

New trend following system

I picked USD/CAD and I chose a section that would allow me to demonstrate a few different concepts. I suggest that you open up your charts to the same location so that you can follow along. I’m going to be brief and write points rather than lengthy explanations. Price moves in a fractal pattern. It moves from one high/low to the next high/low. When price turns you should make a guess as to where it is likely going to end up before turning again. First consult the weekly to get a sense of whet…

Risk Management advice wanted

Your trade was pretty good being that you’re a very new trader. I could not have made this trade at your level of experience. So, congratulations! However, the trade could just as easily have gone the other way and you may have lost a large % of your account. I suggest that you take some time to learn price action analysis and trade on a demo account until you get the hang of it. Here’s a little something to get you started on it. It is very difficult to convey this information in any appreciab…

[Delgado23]

Thank you so much

[ontario]

Price action is not about technical indicators its about interpretation of price models which tells if the trend will continue or abort. Read more about double, triple bottom (peaks), head and shoulders, cup, etc. They are useful for trading only during trending markets which is of course serious challenge by itself.

[andrewphilip]

Price action is not relatable to any kind of technical indicator. Instead it can be considered as a movement of the security’s price that is plotted over time. Above posts got a lot of hidden gems. Thanks quadpip for sharing.

[Ammyrock]

Don’t simply consider price action as a strategy or technique. There are numerous other aspects that you have to be careful about too. When working on price action, always remember not to trade when the market is far from the moving average. Always make note of a point that the longer it ranges, the harder it trends.