Read here, and read through at least the first 50-100 pages,
Great thread with go info on what you should look for in using price action… He has videos in the thread you can watch
People or places i have read
- The education here at Babypips is where I started. Just helps get a good foundation under you.
- Chris Caprie (Also has a thread here)2nd Skies is the name of his company.
- Al Brooks
- James16 thread over at the other place lol…
- Traderrom.com is good, he doesn’t charge anything.
You will have to do a lot of the work, plus if you are spoon fed everything you won’t learn and grow or maybe not even retain what you’ve heard. I do have an example of the pin bar(hammer) at the beginning of the thread as well.
Also remember if you don’t take these at the right levels they don’t mean a thing. And you will get burned a lot. To me marking the support and resistance zones are just as important then also reading what the price action did before it got to that level or gave a candle pattern
I have some examples below.
EnGulfing : Can also be called an outside bar. Mine is set up that the close of the engulfing bar has to be higher than the high of the previous bar. Some do as long as the close is higher than the previous bars close but I wanted a bar that was more pronounced. I have attached a pic
Pin Bar : On this one, it won’t label a pin unless the low/high of the pin was the lowest/highest of the previous 8 candles. Reason for that is I want to catch a pin at the swing of price, plus if a pin doesn’t stick out from the other wicks, it seems to be a little less powerful.
Rules for it to be labeled: Let’s use a buy for example.
The lower wick has to be 3 times the length of the body of the candle. The upper wick can’t be no longer than a third of the length of the lower wick. If the upper wick is also long it’s more of a undecisive candle than a pin.
