price action trading

[gabbie2010]

A good trader relies on the price market structure and dynamism the trader should be able to notice and take notice of a change in the market structure maybe as a result of the outcome of a positive or negative fundamental news without recourse to those lagging indicators however Price Action can be deploy by a trader to determine the entry zones for buying or selling based on the candlestick patterns an exhaustive bearish candlestick will indicate buying vice versa.

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[semobo]

There is no guarantee that past trend will keep repeating all the time even the bitcoin cycle changed from 4 year to 3 years now so every kind of movement changed completely.

But there is no other way either, we are only having the oast data to predict future which maybe helpful for longterm traders and holders, other kind of traders should rely more on the news than the past trends.

[Kelvinid]

A good trader relies on the price market structure and dynamism the trader should be able to notice and take notice of a change in the market structure maybe as a result of the outcome of a positive or negative fundamental news without recourse to those lagging indicators however Price Action can be deploy by a trader to determine the entry zones for buying or selling based on the candlestick patterns an exhaustive bearish candlestick will indicate buying vice versa.

That is a vital tool in trading and it is a must I think that we have to learn it.
Trading without some sort of basis, no TA's, candlestick reading, and etc... What we gonna expect is just a loose end.

That is why many had failed to succeed and that because they didn't give the effort to do so and understand those important tools. Trading is not a joke, a single mistake will have corresponding negative outcomes.

[trigger1975]

But there is no other way either, we are only having the oast data to predict future which maybe helpful for longterm traders and holders, other kind of traders should rely more on the news than the past trends.

There is now way to predict the future not even a little.  The only thing in (price action) trading a trader has is to analyze the market and find repeating patterns which are reliable to a statistically relevant extend.

For example if a trader finds that daily support & resistance levels were respected in the past and did give opportunities in combination with some particular reversal patterns, there is a chance, that this will continue to work short- and midterm into the future.  If the trader then takes those trades with a Risk-to-Reward ratio high enough to not only cover the losses but give him some gains, he's earning money in trading. It's a matter of numbers not predicting the future. 

[wxa7115]

I hear traders say price action is the best form of predicting the future trend of the market. Most traders claim it takes adcantage of previous events that has happened in the past to accurate decide the movement of the new trend. Although it is not traded in isolation because other strategy like candle stick pattern and area of value needs to considered before placing an entry.

Could past event decide how the market would move?
With the innovations and change in societal norms, climatic and environmental factors putting all this into considerations is there any certainty that past trends would repeat itself or is this just an assumption?

As a new trader I have been exposed to several knowledge about how to study and analyze market present and future trends but am only asking for clearity. Does market obey all this rules laid down by trading experts to help time their entries or could this be an advanced gambling that has a prepared strategy which is not 100% guarantee for profit taking?

I know many people who understand how the market works make profit from their predictions but I still want to understand if it was by chance or does the market really obey price action and is it truly the best strategy in timing entries.

To begin with you need to accept one thing, if you are going to become a trader then you need to understand that there is no way you are going to predict the market 100% of the time, think of it as the weather forecast, most of the time you will see they will be off in terms of the minor details but a reasonable good trader will see the long term trends way ahead of time similar to how now we can forecast hurricanes including their strength and route.

One perfect example of this is the halving that takes place every 4 years on bitcoin, we know that after each halving the supply of bitcoin goes down in exchanges as miners get half of the coins they got on the past, this decreases the supply and if the demand remains static then the price goes up, this creates expectations the price will go up even more increasing the demand and with it its price, movements like that happen all the time and can be easily predicted by someone that takes the time to watch the markets, however be warned, making money by trading is incredibly difficult and I recommend newbies to not do it and instead hold their coins, but if you are decided to do it at least take a few months to learn the ropes before you trade with real money in the markets.

[teosanru]

I hear traders say price action is the best form of predicting the future trend of the market. Most traders claim it takes adcantage of previous events that has happened in the past to accurate decide the movement of the new trend. Although it is not traded in isolation because other strategy like candle stick pattern and area of value needs to considered before placing an entry.

Could past event decide how the market would move?
With the innovations and change in societal norms, climatic and environmental factors putting all this into considerations is there any certainty that past trends would repeat itself or is this just an assumption?

As a new trader I have been exposed to several knowledge about how to study and analyze market present and future trends but am only asking for clearity. Does market obey all this rules laid down by trading experts to help time their entries or could this be an advanced gambling that has a prepared strategy which is not 100% guarantee for profit taking?

I know many people who understand how the market works make profit from their predictions but I still want to understand if it was by chance or does the market really obey price action and is it truly the best strategy in timing entries.

In Short. It's not the market or the history that repeats itself. It's just the human tendency that remains the same. We, humans, have a tendency to repeat similar actions on specific situations which we had done in past unless we are trained to do otherwise. When it comes to market human tendency is broken down into two simple things. Buy or Sell. Now assuming 80% of market participants are unaware/ uneducated they do random things all the time so 40% would buy and 40% would sell. The remaining 20% have learnt the market and always do something learnt by a set theory. Now 60% of the people are doing the correct thing despite of the fact that only 20% knew this is right. Trading is just about finding a place in this 60% of people. Place where this 20% react in a certain manner are called demand zones/ Supply zones or supports or resistances.  In gambling and even advanced gambling, there is no 20% edge of people that you have which is why that is pure chance. Talking about price action. No trade does price action alone it's always done with one or two indicators.

[DarkIT]

I hear traders say price action is the best form of predicting the future trend of the market. Most traders claim it takes adcantage of previous events that has happened in the past to accurate decide the movement of the new trend. Although it is not traded in isolation because other strategy like candle stick pattern and area of value needs to considered before placing an entry.

Could past event decide how the market would move?
With the innovations and change in societal norms, climatic and environmental factors putting all this into considerations is there any certainty that past trends would repeat itself or is this just an assumption?

As a new trader I have been exposed to several knowledge about how to study and analyze market present and future trends but am only asking for clearity. Does market obey all this rules laid down by trading experts to help time their entries or could this be an advanced gambling that has a prepared strategy which is not 100% guarantee for profit taking?

I know many people who understand how the market works make profit from their predictions but I still want to understand if it was by chance or does the market really obey price action and is it truly the best strategy in timing entries.

At the foremost thing is,the price of bitcoin will based on the past.Because the strategy can be copied by the old moment of price.But it's not a 100 percentage work.It had a possibility of 50 percentage may be.That too work, only if you had a good luck.Most of the time luck favour the major role in trading.

[semobo]

But there is no other way either, we are only having the oast data to predict future which maybe helpful for longterm traders and holders, other kind of traders should rely more on the news than the past trends.

There is now way to predict the future not even a little.  The only thing in (price action) trading a trader has is to analyze the market and find repeating patterns which are reliable to a statistically relevant extend.

For example if a trader finds that daily support & resistance levels were respected in the past and did give opportunities in combination with some particular reversal patterns, there is a chance, that this will continue to work short- and midterm into the future.  If the trader then takes those trades with a Risk-to-Reward ratio high enough to not only cover the losses but give him some gains, he's earning money in trading. It's a matter of numbers not predicting the future. 

What if that trend started to change from the pattern you analyzed and made investment which can end up in a loss, and focusing on short term and technical analysis are high risky compared to the rewards while the long term needs fundamental analysis with better rewards.

[AakZaki]

That is a vital tool in trading and it is a must I think that we have to learn it.
Trading without some sort of basis, no TA's, candlestick reading, and etc... What we gonna expect is just a loose end.

That is why many had failed to succeed and that because they didn't give the effort to do so and understand those important tools. Trading is not a joke, a single mistake will have corresponding negative outcomes.

Trading without technical analysis and fundamentals is very dangerous. Don't ever try to do trading if you don't understand what basic trading is. What is expected to be profit but ultimately loss, because there is no known analytical science.

Trading is certainly not a joke but trading is a job that must be done seriously to be able to benefit from any price gaps or price movements.

[trigger1975]

There is now way to predict the future not even a little.  The only thing in (price action) trading a trader has is to analyze the market and find repeating patterns which are reliable to a statistically relevant extend.

For example if a trader finds that daily support & resistance levels were respected in the past and did give opportunities in combination with some particular reversal patterns, there is a chance, that this will continue to work short- and midterm into the future.  If the trader then takes those trades with a Risk-to-Reward ratio high enough to not only cover the losses but give him some gains, he's earning money in trading. It's a matter of numbers not predicting the future.  

What if that trend started to change from the pattern you analyzed and made investment which can end up in a loss, and focusing on short term and technical analysis are high risky

What you mean? If I'm trading, I'm trading not investing.  The only thing I'm interested about trends is that it might determine the direction I'm willing to trade which means I'm not shorting a strong bullish trend.

And if I anticipate a bullish breakout and instead the market is declining it just triggers my stop and I'm out of the trade with a loss.  Losing trades is part of the job.

compared to the rewards while the long term needs fundamental analysis with better rewards.

If long term investing is your style and preferred way to gain profits, so be it.  And even better if it's working for you.  But please don't evanglize your style of earning profits to argue against others style of participating in the market.

And who tells you, that beside the trading I'm not also holding long term investment positions.

[suzanne5223]

There is now way to predict the future not even a little.  The only thing in (price action) trading a trader has is to analyze the market and find repeating patterns which are reliable to a statistically relevant extend.

For example if a trader finds that daily support & resistance levels were respected in the past and did give opportunities in combination with some particular reversal patterns, there is a chance, that this will continue to work short- and midterm into the future.  If the trader then takes those trades with a Risk-to-Reward ratio high enough to not only cover the losses but give him some gains, he's earning money in trading. It's a matter of numbers not predicting the future.  

What if that trend started to change from the pattern you analyzed and made investment which can end up in a loss, and focusing on short term and technical analysis are high risky

What you mean? If I'm trading, I'm trading not investing.  The only thing I'm interested about trends is that it might determine the direction I'm willing to trade which means I'm not shorting a strong bullish trend.

And if I anticipate a bullish breakout and instead the market is declining it just triggers my stop and I'm out of the trade with a loss.  Losing trades is part of the job.

I think alot of people focus more in making profit than lose when it come to trading because they are naive that making lost in trading is important sometime in other to have more knowledge that is the reason why some people consider trading and gambling to be the same thing. But, there's still some ways to predict the future of the market though it a once in awhile session.

[Lordhermes]

Action on price is certainly moved by all the factors available in the cryptocurrency space, it could be development factor, climatic factor, environmental factor and even some outbreaks and pandemic. Market is settled after which a cruel event is silenced.
However, past events also affect the price of coins, in the past years when bitcoin started,. almost all the month of March in every year brings a massive bear in coin prices because of tax payments, this shows that past events clearly affect coin price too.

[trigger1975]

I think alot of people focus more in making profit than lose when it come to trading because they are naive that making lost in trading is important sometime in other to have more knowledge that is the reason why some people consider trading and gambling to be the same thing. But, there's still some ways to predict the future of the market though it a once in awhile session.

Some just get it after a while, that it's not only about the profits but more about the process, discipline, journaling, testing, reviewing and losing and profits come when all the other aspects of trading are a fixed part of the work one is putting into his trading.  Others will not – but the market doesn't care.  Markets are merciless.

[JooBra]

Well if you focused more on gaining the fundamental knowledge in trading you will build your capacity to become a skilled trader and your focused on making gain at all cost will shift to gaining experience. Despite the fact that the primary aim of trading is for profits we should not undermine the place of risk that is to say the market can go in whatever direction.

Wilt all knowledge and being in with everything what is going on still people need to be able to control their emotions. And controlling emotions is best learned with experience.

[Oceat]

I think alot of people focus more in making profit than lose when it come to trading because they are naive that making lost in trading is important sometime in other to have more knowledge that is the reason why some people consider trading and gambling to be the same thing. But, there's still some ways to predict the future of the market though it a once in awhile session.

Some just get it after a while, that it's not only about the profits but more about the process, discipline, journaling, testing, reviewing and losing and profits come when all the other aspects of trading are a fixed part of the work one is putting into his trading.  Others will not – but the market doesn't care.  Markets are merciless.

Well, what do you expect? The market will have both of winning and losing you can't always win in the market that's why even the best traders in the world still loses. Trading is just like a gambling, you gamble hoping your decision is right based on the informations you have obtain on a different sources.

You are lucky if you win the trade since there are various reasons too why the market is very volatile and unexpected. Only the dedicated one will conquer the victory in the end. Just use those various reasons why someone is losing because most of them are using emotions when trading.

[Johnyz]

Well if you focused more on gaining the fundamental knowledge in trading you will build your capacity to become a skilled trader and your focused on making gain at all cost will shift to gaining experience. Despite the fact that the primary aim of trading is for profits we should not undermine the place of risk that is to say the market can go in whatever direction.

Wilt all knowledge and being in with everything what is going on still people need to be able to control their emotions. And controlling emotions is best learned with experience.

Fundamental knowledge is a must and you must be ready in trading emotionally, so you wont get burned the moment you lose some money.
In trading, PRICE is the most important part of the chart and you can easily tell the market situation by just looking at the price so make sure to limit the indicators so you can see the big picture of the price trend. The market will always reacts on every news related to in, that how the emotion of people fills in the market.

[trigger1975]

Some just get it after a while, that it's not only about the profits but more about the process, discipline, journaling, testing, reviewing and losing and profits come when all the other aspects of trading are a fixed part of the work one is putting into his trading.  Others will not – but the market doesn't care.  Markets are merciless.

Well, what do you expect? The market will have both of winning and losing you can't always win

Well, that's what I'm saying … 

Trading is just like a gambling, you gamble hoping your decision is right based on the informations you have obtain on a different sources.

Serious trading is the opposite of gambling. It's leveraging a high probability to win more when right than one loses when wrong.  An analogy to gambling, if you will: trading is card counting and utilizing statistics instead of being the average person having a nice weekend in Vegas.

[RealMalatesta]

I know many people who understand how the market works make profit from their predictions but I still want to understand if it was by chance or does the market really obey price action and is it truly the best strategy in timing entries.

If you ask any experienced trader, they will definitely let you know that no strategy will be working all 100% of times. Because, we are placing entry only believing into technical part but market price action is depending on multiples of other factors as well; if you are able to cover all those factors then we can be sure about all strategies will be working at all the times but when we are missing to cover at least one or two factors then we cannot expect 100% accuracy in hitting targets.

The market will have both of winning and losing you can't always win in the market that's why even the best traders in the world still loses.

Yes, this is how trading world is moving on. People who are able to minimize their losses are finding chances to survive and people are ignoring to cut their losses eventually quitting the market after their capital drains out.

[maydna]

Perhaps, not just pas event that can make the market moves, but from the current events that will bring the market move well. With bitcoin prices performed better than in the last few years, it could attract more traders to come to the crypto market and trade bitcoin.

As long as you can analyze the market movements, I am sure you will use that moment to trade. You will have many times to buy low and sell high, and if you can improve your skill by learning more lessons about trading every day, you will see that the chance to make a profit is there. It is difficult to understand how the market works, but we can analyze the market movements to find the sign to trade.

[SquallLeonhart]

I have a friend who is doing this right now, he is doing it in a defi token and he checks the people with most coins and he checks what they are doing and he has increased his token number from 13 to 35 I believe. He is making a decent amount of money from each action and he knows what price will do before it does it based on what people are doing with their tokens. Like let's say it was locked in LP but got unlocked, he sells and after that person who unlocked sells, and he buys from there, that is the type of moves he made for 3 days now and have nearly triple of what he used to have.

This is why I think this method works, I wouldn't be capable of doing it, but I still think it is quite obvious that we are talking about a good amount of profit here as well. Of course, it is going to take a long time for anyone to learn this but I rather just not risk it.