Following price action starts with understanding why the bars move the way they do - plain and simple - orders
It is simple but it's actually fairly accurate. That is, the acknowledgement of what moves (and stops) markets - volume and liquidity (i.e. intent and future intent).
new ideas are scary but my views are always the same - bars move for a reason - and we can see when the sellers have over taken or the buyers have over taken - the thread is not noob or any other derogative term it is valid and worth exploring
That would suggest that new traders are wrong developing a technical point - they should delve into technical trading and develop what they feel comfortable with - I am a supply and demand trader, that obviously does not work with Micky lol...but everyone will find what works for them
Technical Analysis covers such a wide variety of things that there is no simple answer that is correct for all these variations. And on top of that a lot of external factors have an impact too. Like personality, education, knowledge, intelligence, persistence... of the trader.
Hi virtusa I would not over think then what you can see in a bar, as I have stated. If a currency or any other financial instrument is going to the moon or to hell we will see it confirmed in the bars and if they fail - simple we reverse with the institutes