Price action

Discussion in 'Trading' started by eleanorK80, Oct 22, 2023.

  1. smallfil

    smallfil

    If you just had a StockChart and was not allowed to add indicators to it, you can still analyze the StockChart and use it to place a trade using only the price of the stock. Price action is the purest form of information you can get in any stock. It tells you what market participants were willing to pay for your stock XYZ. Also, if your stock is setting new 52 week highs over and over, do you short that stock or go long? Price action tells you that the stock is probably, headed higher as more and more market participants pay higher and higher prices for that stock. Nicolas Darvas bought stocks he was following when they broke out of its previous high and set new highs. Again, he traded based on price action alone.
     
    #11     Oct 23, 2023
    murray t turtle likes this.
  2. maxinger

    maxinger

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    #12     Oct 23, 2023
  3. %%
    OK, that could work.
    I use a 50+ 200dma , [close price] moving averages more than any subjective stuff;
    for ETFs .
    On selling cash copper i dont use those, mainly use dealers cash price list+ back month futures .But i dont sell by ton/ more/ like by the poundLOL.
    You write like a female thats good , but be very direct\specific if you did not get your question answered ................................:D:D
     
    #13     Oct 24, 2023