yes risk management is real key to success, i ve been doing so well since i m using strict management rules and stop losses
Strict stoplosses? I find them only hampering trading because on volatile markets tight SL turns into waste of time. SL should be determined proportionally market volatility I use ATR indicator on my Hotforex platform to measure it.
There's no "vs" about it: price action methodology IS a technical analysis tool. It appears that throughout the OP, you've actually confused "technical analysis" with "indicators". Like you, I find price action far more reliable than indicators. I don't use indicators at all. But all my trading is TA-based. I don't mean it impolitely, but I'm afraid your purported comparison is actually no more than a category error.
Correct...price action methods and indicator base methods are a form of technical analysis but there's an arguable exception. Traders that use depth of market (a.k.a. DOM) to make trade decisions or place trades have been called a form of "price action trading" but if such was true...it would then be a sub-group of technical analysis. My view is that traders of the DOM is not technical analysis. Thus, its just an another category like TA and FA...each having their own sub-groups.
Most traders seriously only start to find their way in the markets when they learn how to trade forex using price action. It is the most stress free, logical and easy to understand method used in the markets today - and it works!
Great experience I think price action is simpler than technical analysis just using the chart bas trigger decision, but I think also need to look on support and resistance area, because often also on this area price movement hard to breakout
That's because you have an aversion to reading threads before you post in them, and therefore don't yet understand that looking at price action is technical analysis. You're confusing "technical analysis" with "indicators".
People usually get it 180 degrees wrong.. (I always mean such criticism in a constructive way btw). Strict stop-lossing is actually way harder than not using stop-losses. It's easier to let price go for a while, and settle on some mean value, rather than entering HFT-space now and then, and get ripped a new one for "trespassing". The two methods can complement eachother though, as sometimes markets cut through levels like butter, and then you might have a chance to exit earlier with a stop loss, even if at an non-optimal price level. Not thinking intraday here mainly though, but for those of us who have to live with ugly gaps and breakdowns. Technical analysis is just analysis on price and/or volume, which encompasses alot, but not fundamental and macro analysis (other data than price and volume). Anyone who says otherwise, simply hold the "wrong" definition of it That's OK if you want to discuss orthodoxy about what TA is and what is not "true" TA, ie. is TA something else than "quant". That' possibly ego-boosting/depressing, but totally non-constructive to any advancements in the field.