Hen traders say they trade pure price action what do they mean?
Trading based on only the bars, with no or little use of indicators and or lines.
After a while you recognize patterns without all those supporting analysis tools and can trade on that. This is what I more or less do. I only use a couple of lines as I need them to trigger strategies in my scripts.
Hi Chip…
Please read this previous thread covering your question in great detail:
http://forums.babypips.com/newbie-island/20768-what-price-action.html?highlight=Price+action+Lexy
It says about the same as I did, just in a more complex manner…
Well put…
I just hate good advice lying unread:
the Search box is my best friend…
Thanks very guys
No problem… I hope to see you around a little longer!
Happy trading.
[QUOTE=“PipMeHappy;742134”] No problem… I hope to see you around a little longer! Happy trading.[/QUOTE] Always in & out!! And ready to ask a silly question or two… Happy trading Mate!!
Hello Mr. Chip,
Regarding the price action, its just a trading technique where on the basis of price movement on charts, the decisions are made. analysis based on their performance in the past helps in making trading decisions