I read a lot of posts that say the only real way to succeed in trading is by "graduating" beyond FA and TA and using "price action" (PA) only (although, to be clear, price action is defined differently by different traders, but then so are FA and TA). But what kind of evidence is there that traders using PA are actually more likely to succeed than other traders? Maybe there is some evidence, but I seen it stated more as a truism than as something which has been empirically validated. Now, I say this as someone whose sole approach to the market is through PA (no indicators or fundamentals) and I'll take any trade my strategy dictates even if it goes against my bias because my research shows that I can't outguess the strategy, so no use in trying anymore. So, I'm in no way a fan of FA or TA, but I'm still curious about the performance claims made for PA, since if it was so much more likely to lead to success, why isn't everyone doing it? The way those who use it describe it, it's not as if it is more (or that much more) intellectually-challenging than either FA or TA.