Price action

Share your thoughts on this:

"Stay open-minded to price action no matter what you believe will happen next."

 

in markets what else are you going to open your minds to?
to most modern-day traders that is a rhetorical question.

volume? order flow? elliot waves? Fibonacci? indicators? bollinger bands? ema? with the exception of order flow i have tried all of that.

 

not many things can happen.

market move, pull back and then move again past the previous extreme: high or low.

or market moves pb and then the pb continues and becomes the trend

market does either of these two things all the time

 

Hi Padu,
I saw you are a guy with a lot of free time. Bear, afternoon nap.. Try order flow and footprint charts.
This is what distinguishes between 2 identical bars..
Good luck.

 

First, OP seems to be fixated on asking these rhetorical questions. I wonder if she even trades.

In any case, to get back to your claims, I suggest you think about the possible price movement. Price can only go up or down. From these there can be only 4 possible outcomes:

1. UP-UP
2. UP-DOWN
3. DOWN-UP
4. DOWN-DOWN

Everything hinges on those four possibilities.

 

i wonder if she is a she

 

order flow is leading but you have no clue how much it leads by.

so it misleads

i like simple. stay in the present. price is NOW

 

i think we both are on same page

 

Not orders that sitting to be executed. Orders that were executed. footprint charts not the DOM

 

no clue.....first time i am hearing that term in 30 years