PA is price action.
SR is price action support and resistance. For instance after a breakout price can use previous support as resistance or vice-versa. There are great traders at ForexFacory that freely give out trade ideas, you’ll find them in the commercial forum. james 16, fxadvice etc
I do trade PA around those levels. I don’t believe in mechanical systems and i have seen and used quite a few
Good to hear you are able to see something. Don’t worry about not being able to see weekly trend; its ok. See the daily levels 1st, then sooner or later, you will find some reason to look at weekly levels. Why did I say that? Certain daily levels do affect other daily levels, which can be spotted when viewiing from the weekly level.
Sooner or later, you will have a good approximation of knowing, at least knowing what people believe in the market, and their responses as a participant. Yes, fundamentals are built into the technicals because of this.
But there are ways to measure such fundamentals.
1-Ok, let me clarify. What really is prce action? What do you define as price action? Examples?
2-Yes this is true; breakout price can use previous support as resistance or vice-versa. However, a higher level question I have here would be this : is this statement really true? How true is it? Can it be measured and justified over a huge sample size? What is determined as ‘breakout price’?
3-What if these commerical forums do not exist anymore? What would your response be?
LOL 
… Welcome to the club
This is because many of these mechanical systems have no baseline models built into them. Which takes a lot of work and research to 1-automate, 2-self learn, 3-consider the ‘known unknowns’ e.g. news. bank interventions…etc
Damn. Price going south without me when I called for it. If I’ve taken it, its +15 pips at least.
Hi Rela
Did you actually mean Forex Factory when you mean FF !?
Sorry did not understand that…
- Silver
Relativity thankyou for your response here are charts on some 3 trades i took before nfp am still in them just locking in profts want to show how i entered based on price action example pinbar and round number esp the eur/usd
i also got the info from james 16thread am actually in demo to be honest not live am trying to get some confidence
Now am wondering !!!*&^… I did not understand the Forex Factory thing for Signals… do you mean the news… I was going to ask you about a good news indi (all types)… I just read news from sites but don’t have an indi on yet… as it clutters my charts… but was going to try some…
Again I did not want to fully go with the news first because I wanted to understand Price movements and then correlate them to external factors…
But is there another reason for the FF signals !!!
- Silver
let me try to asnwer Price action what price did (assuming u check after candle close )were there many buyers or sellers? the formations of the candle tells it all.Did buyers push price up when the sellers were absorbed ?
s/r previous lows and highs i dont have a confident answer to that as some levels ant respected but i see in weekly they are (am still trying to prove that)
Sorry mate got mixed up in the thread of messages… am good with that and will try the Forex calendar…
Cheers
I will take a small account i had one for 200$ i tanked it to 168$ with indicators and i started researching and found this PA stuff i havent touched the account since
i rem u said u had a goal to maintain a 25$ account
what i think can improve my trading seriously is if i can place a trade in daily charts and have a 30pips sl and move to BE without it being stopped out on BE i know i sound weird but am trying to get soemthing i can be comfortable in
i have already established price is stable in daily charts so i dont want to change the timeframe al keep searching and try closing some on 60pip and let the rest to run the question is run to where? i dont know where price will turn may be move sl every level i find till am taken out
True the rate of success on candle formation may not be great i guess thats why i get losses on some trades
order flow and context thats my next mission
being able to read order flow on charts many would call that supply and demand levels i dont know what to call it al stick with order flow and find out more about it
That explains alot of questions on demand levels let me do some research on order flow and see if i can see some light
Hello Relativity,
yes I remember your first version of SB, so what is the breakthrough now that makes it usable?
best regards.
I agree with you here. I believe the pros don’t give a damn about cci being at a particular level and a one moving average crossing another. Some of these mechanical systems require you to watch about 5 indicators before making a decision. I believe i am going to end up a contrarian trader because sometimes i just take a trade, say buying when price is going down and i have profited a lot from this. The question is where are you buying and where are you selling. draw a yearly fib and monthly fib and see how price react at those levels. There are important levels in trading if one can find them then you’ll be very successful.For me aside from having a strategy that works 70 percent of the time, the most important aspect of trading is money management.
I don’t understand what order flow is at all. There is also a trader at FF that trades order flow but it’s commercial and you have to pay for their service. This is the first place i have seen candles reffered to as indicators but i don’t get it. Maybe tick data is what we should be trading but i have not seen that on any platform. Pin bars, doji’s and other candle patterns i have seen work and don’t work almost in equal measure because as i said before you have to know where a pin bar is forming, yearly high, monthly fib level or an important round number.
I’ll ask a very controversial question here. Who or what is causing the movement that we see on our charts?
Thank you Banker. Now will this be the same thing as volume or specifically volume at a particular price. And why is this info not available to all traders.