Is there anybody who can point me in the direction of a really easy step-by-step guide to price action as I’m clearly not getting it. It needs to be really newbie friendly as I am playing with a demo account but I’m still not understanding the thought process behind putting in trades. Alternatively, if someone fancies a challenge I would love a mentor if someone is brave enough LOL. I’m not looking for someone to teach me to get rich, just someone to teach me to get started.
Cheers
Youtube, :41: Nial Fuller's Set and Forget Price Action Forex Trading Strategies (Tutorial)
Keep it simple,
Best of Luck
Not even that thing works. I mean not the way those “experts” claim to. I use price action and fundamentals but instead of trying to predict price movement I try to predict what the suckers behind the price will react. I don’t say to adopt my idea, if you like well, hope you are crazy, the point is invent your own. Remember, prices is driven by perceptions not by events or math formulas themselves. If there where a meteor that hits FED headquarters but nobody knows about it the price will not move.
Besides the one you already been given, you can also check out this one. I can not vouch for anyone, other than this one. Because I signed up with him. I did it not so much to learn price action as a trading strategy, but to learn it for reference. He is very active in his members forum and the cost is not an arm and leg. He has a thread here under free forex systems. Price Action. He also like the one above has a ton of free info in video and article form
Increase Your Win Rate by Forex Trend Trading | Trading Lesson - YouTube
As a final note to above, I found learning Fibonacci retracements and expansions were much more helpful to understanding price action.
I agree with MrGone and once you have enough experience you’ll want to develop your own strategy based on method mindset, money management. But for now you’re better off using the ones that are out there. If you don’t give up and keep trying to learn it will come faster than you think.
One last thing don’t take offense to this, there’s a ton of traders here who have been where you are at babypips, everyone starts the same way and learns as they go. Most are more than happy to give you advice based on their experiences. So when you post, if you can be more specific, so people here have a better idea of how to help you. Doesn’t do any good to start off with are you an idiot, I don’t think there’s many here who could answer your question and give you advice. You’re better off posting what you don’t understand about price action, then a lot of people can help you. Like I said don’t take offense, it’s just my opinion.
Good Luck
Gp
It’s easy my friend.If you want pure price action which i guess you do, memorize all patterns here (ALL or just print it :D):
School of Pipsology Important Chart Patterns
School of Pipsology Japanese Candlesticks
School of Pipsology Harmonic Price Patterns
Also check up on fibs and moving averages,fib is good for retracement/reversal price settings and MA is good for viewing the overall sentiment.
One, when it comes to fx trading, nothing is simple. That being said, would point you to head back to baby pips school, the charts and learn to come up with your own strategy since what works for others need not necessarily work for you…
Hello Mate,
You are not an idiot and don’t accept the defeat. Learning forex or PA is not an easy task to do. It will take some time.
Hope you done with Babypips school. If you want to learn more about price Action you can check 2ndskiesforex for free PA related articles, lessons,etc.
Also Chris Capre is the main person behind this 2ndskiesforex and he is a very good mentor. You will find his thread here on babypips as understanding Price Action by Chris Capre.
Hope this helps according to your request above. Have a wonderful time bro.
Judging from all that you have said, you’ve not tried the school of pipsology. If you are looking for where and how to get started, then you need to visit babypips.com and start the school section. You will learn faster using this method. The school is very easy and the materials are quite simple to understand.
I learned most of my PA from Steve Nison webinars. Babypips school is also very good.
Great PA stuff