TA vs Price Action Strategy

[PipMagnit]

hi traders, i’m right now going through babypips school for the second time, and halfway through it, i came across Price action strategy and feel quite intrigued by it. It appears to me that PA seems to make alot of sense and does not involve the use of lagging indicators.

however, someone mentioned that PA is not for newbies as it would be too challenging & difficult to master for people who are new to forex, it’s more for savvy & experienced traders… is that true? if yes, could you please share with me the reasons?

right now, i’m thinking should i still continue with the babypips school and then go on to read up all about PA? or should i just go straight to learning all about PA? i’m really confused

i’m aiming to start demo in dec so i do not have much time left to do go through the theory aspect. i’m giving myself timelines for my forex journey…and don’t wish to drag on as i’ve wasted too much time on other things for the past 2 years when i was supposed to get on with forex.

FYI, i’m still learning the basic of forex and have not started on demo.

any kind advice will be deeply appreciated :o

All TA is based upon PA - computerised indicators just give an objective reading within a certain arithmatical framework. Support/resistance and pattern analysis is powerfull - but has the drawback of being more subjective.

My MACD will allways give me the same reading - however I’m feeling - and as long as I have a well defined system - theoretically Ill allways trade it the same way - making backtesting a powerfull tool.

How I decide to draw my support line on the other hand, has allot to do with how I’m feeling today

My 2 cents, for what its worth (and I’m no master), would be to complete the babypips school, and then to go for an introductory book on TA that covers both aspects.

Murphy - TA of the finacial markets

Windsor - TA for dummies

Pring - TA explained