How Realistic is This?

[anon98339083]

So I could for example use that moving average crossover with RSI and Stochastic indicators to see if the market is trending on say the 1 hour or 4 hour chart, then drop into the 5 minute chart to enter/exit trades based on price action

I think from four hours to five minutes is probably too big a drop, but that’s the idea.

Would looking for the ABCD pattern to complete at previous resistance be an example of using price action like you mention?

Sorry, I have no experience at all of that indicator and can’t help you.

To me, when I hear price action, I think support and resistance levels combined with market trend or channel. Am I thinking the right thing, at least at an elementary level?

Yes, very much.

How do I progress from here to that understanding? Is it solely time and experience demo trading, with trial and error on what trade setups to use, or are there any good books

Here’s a thread that might help. How did you learn?