Hello IF, PA works on any kind of chart. Range bars are also called momentum bars. The speed with which the bars print give you a good feel for the momentum of a move. When you see bars printing instantaneously, DON'T TRADE. There is no low risk way to enter a fast moving market. That is just the kind of PA that will blow right through S/R. Wait for prices to calm down. Then you can trade off S/R and expect some kind of bounce. Generally speaking, the more important (the larger the market fractal is that it is visible on) the S/R is the bigger the bounce Bill
maybe you covered this earlier, but what data feed are you using? Im using OEC and my 1000tick chart looks noting like what you are posting here.
This is a fx thread, but maybe having some understanding of inside/ outside bars will help you, in your goal of understanding PA...i'll try and post an example, im no master at this of course.
i want to use "price action", i guess lol, too. I just want to use lines, no indicators. I feel that indicators are just giving old info, im the traders who use them, know how to milk out all the potential from them, but they are just not for me. btw, you should switch to using a bar graph unless you are specifically looking for candle signals, i quit the candle stuff a long time ago and never looked back, but i have a great book on it!! this is what i just started doing....drawing a bunch of trendlines from every peak and trough that i can find, and i will look to get in when 4 lines make an intersection......Im pretty sure im on the right track, but im still practicing... i even asked spanish89 on here about what he does, cuz he said he just draws trendlines i attached what happened today, i admit its probably a fairly rare but GREAT example...
Here is mine for the day. I used some Fibs to find the reversals. It seemed to like that 78% pullback range today and worked a few times.