Just found a huge thread on Price Action in the forum. Apparently from a member who’s had institutional banking experience. It looks very well organized and could be worth looking into.
As for the member himself BP’s done a brief interview with him:
credit to @Thebeezneez for uncovering the threads with his/her inquiry into PA here.
Tbh if you are trading with solid RR and a comprehensive understanding of forex you will do well. So many people focus on thinking one style prevails over the next they forget getting the basics right
It’s more like a trading method than strategy, along with folks who use indicators, Wyckoff or a pure naked approach (PA proponents also use the EMA 20).
Performance metrics for two price action traders, I believe, will not be the same. For e.g. two individuals using the same set of indicators, on the same instruments, on identical timeframes will can have varying results. Boils down how they use each of their indicators, how they interpret their charts & their strategies (maybe different entry/exit rules).
Really depends on your profile and finding out what works for you. If you want to look at pros use it, you can see Al Brooks or Tom Hougaard (he scalps indices mostly). Tom Hougaard used to live stream his trading but I believe has been a bit inactive since July (atleast going by his YT channel).