jonbifg, just added to favorites, time wil tell, still this thread is like all the rest,4 the newbies reading this, if u dont know how to trade , save yor cash and daytrade til it works
Exactly. Price leads all indicators, you cannot have TA without price action. What is price action? Price action is simply how price reacts at various s/r, breakout pts, moving avgs (for ppl who like to use indicators), etc. I know how to read price action but I have to agree that its very hard to make money with price action alone, but I do mostly arbitrage so I could care less where price is going the next hr or tomorrow.
but price action is real-time, patterns is just technical analysis that existed since the 1900 when graham traded using them You're telling me to buy a pullback? that makes sense, but how do I make money with that how you can call price action the day before is a mystery to me. I don't know how people keep attributing mystical properties to price action, like foretelling the future, it's not the "holy" grail!
the "holy grail" is YOU and PA what do you think it is-- a stochastic or a macd all indicators move bec. price moves price doesn't move because the indicators are moving You dont "call" PA, you trade PA you are still thinking about what "you" think the market is going to do you need to do what the market is doing. how do you do that? by taking advantage of other traders emotions of course