price action trading

[martina14]

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.

And there's nothing wrong if other individual traders are using the pattern of candle stick anyway.
Then, if I see there's a changes happen in the movement in the chart graph of course, I will also need to change my buy or sell wall.
Besides, trading in cryptocurrency is very unpredictable dude, that's through volatility a lot of traders here are earning because
of it.

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[JooBra]

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.

I find it a better option to focus on one coin and do the trading with it. Knowing all fundamentals and what is going on in the project with technical analysis it can be a success.

[Questat]

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.

I find it a better option to focus on one coin and do the trading with it. Knowing all fundamentals and what is going on in the project with technical analysis it can be a success.

If you just only focus a single coin on trading, it only bored you honestly. Maybe as a starter but if you are already fully engaged in trading, it is really hard to just sit there and wait for the price to dump and buy, then sell when it pumps.

I would say that trading can be a game of chance and luck. Because in the first place, not all technical analysis works, and not all the time the market gives us a favor. It is sometimes we are lucky to sell at high and perfectly sold it on time.

[nelson4lov]

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.

Yes, Price action trading is another method of trade that works. However, I'd like to point out that no trading patterns, tools, resources, bias or analysis is going to play out 100% the way we want. That's why we don't have to be too reliant on it. These trading tools are best used alongside others so that we can improve strategy on making informed decisions about where we should place our entry and exit points.

Price action trading is one strategy I came across towards the end of last year and I'm looking to create more timein the near future to learn more about it.

[KingofAltCoins]

I have read many books about investing. All the big gurus like Buffet, Benjamin Graham or Kostolany say that price analysing and charts are not winning methods. I think the same applies to crypto market as well. What do you think?

[cabron]

I have read many books about investing. All the big gurus like Buffet, Benjamin Graham or Kostolany say that price analysing and charts are not winning methods. I think the same applies to crypto market as well. What do you think?

It all applies to all market but crypto market seems different since it's new and there are fuds involve including the outside news and government banning. Its still the chart that make sense and the timing to enter the market is easy as what they say buy the dip. I say its more important to enter into the market in a higher time frame like the weekly chart which the market bottoms. Its the exit to profit that isn't very much easy especially when its common for traders to get greedy.

[CryptocurencyKing]

Price action trading is a kind of safe way to trade. Some say you never can go wrong with price action trading but then, its a matter of strategy. The strategy for which you have used and mastered is most likely not to be the same for many other traders. Price action trading simply directs you on the direction for which either buyers and sellers are going by simply following the price. Its a kind of following the trend but your at risk should you inlgnore the possibility of a trend reversal. Price action trading is generally good but its safety relies on your expertise at the trading strategy.

[suzanne5223]

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.

I consider the market to be merciful because it listen to our trading decision and it presented price base on the level of demand and supply. However, we can't actually blame the market for been volatile because a great opportunity will always comes with a great risk.

[darewaller]

Those people who make quick decisions and make a profit (or a loss) depending on the movements very quickly will not be really making a profit in the long run because it is a null game that make you lose trading fee too much that you will have to pay too quickly and if you do not make profit each and every trade that means you are going to just gamble your money away and there is no reason to do that.

This is why I think it is quite obvious that nobody should be doing something like this to make a profit. It is risky and it is way too risky, you are trusting yourself to make a profit all the time and that is not possible, specially with price action trading, because it is way too quick and you have to make decision based on milisecond movements. I try to stay away from this as possible because I am nowhere near good enough for something like this.

[palle11]

Price action trading is a kind of safe way to trade. Some say you never can go wrong with price action trading but then, its a matter of strategy. The strategy for which you have used and mastered is most likely not to be the same for many other traders. Price action trading simply directs you on the direction for which either buyers and sellers are going by simply following the price. Its a kind of following the trend but your at risk should you inlgnore the possibility of a trend reversal. Price action trading is generally good but its safety relies on your expertise at the trading strategy.

No trading pattern is better or best compared to the other. You already said about trend and this is a big disadvantage of price action. Trading against the trend for price action is more like catching the falling axe. You get hurt many times until the axe touches the ground finally.

[2double0]

I consider the market to be merciful because it listen to our trading decision and it presented price base on the level of demand and supply. However, we can't actually blame the market for been volatile because a great opportunity will always comes with a great risk.

If volatility is a problem for a trader, he should quit trading as serious trading involves serious risks and if a trader cannot bear volatility, then they should look for non-volatile 'ranging' or 'sideways' markets. If trader trades in spot, volatility should not bother. It bothers when trader loses his cool during a margin or futures contract.

[doctor877]

Price action trading is golden, only those who know it will profit from it. Usually price action is a technical analysis which factors everything into consideration. So using it means you don't have to borther about external factors.

[Rokon5]

Price of action trading is not good at this moment because many countries banned action trading.market price will fall but will catch up soon too in a couple of days.

[slaman29]

Hard to follow traders, I've learnt my lesson following my own picks in the ICO days or copytrading tactics as most professionaly would call it. It looks nice and works very well until the guy you're copying starts to make bad calls, as they eventually will.

It's not the best way to make money and for sure not the best way to destress. You have to keep watching in this game, and it always falls apart sooner or later:)

[trigger1975]

I consider the market to be merciful because it listen to our trading decision and it presented price base on the level of demand and supply. However, we can't actually blame the market for been volatile because a great opportunity will always comes with a great risk.

If volatility is a problem for a trader, he should quit trading as serious trading involves serious risks and if a trader cannot bear volatility, then they should look for non-volatile 'ranging' or 'sideways' markets. If trader trades in spot, volatility should not bother. It bothers when trader loses his cool during a margin or futures contract.

There are different types of volatility and as a trader one should know which one to utilize for his trading and which to avoid under any circumstances.  The first type is helping in getting explosive moves.  The other one turns the market into a random machine killing positions at it's will and there is no way to use that as a tool.

[trigger1975]

Price of action trading is not good at this moment because many countries banned action trading.market price will fall but will catch up soon too in a couple of days.

Don't understand why price action shall not work if markets fall?  Price action cannot only be used in up trending markets but in any market.  If prices fall – so what.  Then I'll go short.

[Insanerman]

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.

Price action is just a very little part of Technical analysis and is never a reliable way to really predict what would happen in the market either in short term or in long period of time. Price action can be used as a basis of basic wave patterns, resistances and supports, and the trend of a market. Hence, the guarantee of the real outcome would still rely on various factors like numbers of whales and players, being overbought or oversold, exponential moving average, etc.

[FanEagle]

Hard to follow traders, I've learnt my lesson following my own picks in the ICO days or copytrading tactics as most professionaly would call it. It looks nice and works very well until the guy you're copying starts to make bad calls, as they eventually will.

It's not the best way to make money and for sure not the best way to destress. You have to keep watching in this game, and it always falls apart sooner or later:)

That's correct, if you are copying someone else, it could work for you only if you know what you are following, if those people are actually doing something that's profitable and you learn how they are doing it, that would work for you, of course that means you have to be able to talk to them, it needs to be a group effort. I have someone like that, he shares his picks and his trades, but we asked him what he picks and how he picks them and why he picks things and how he trades etc etc so we asked him a bunch of questions.

Nowadays our whole group makes their own trades based on what we learned from him and even without him sharing we find stuff so he is no longer sharing so much, he just agrees or disagrees and shares why he disagrees but that's about it. If you can use it that way, you could actually make a profit from these things but that's about it.

[suzanne5223]

I consider the market to be merciful because it listen to our trading decision and it presented price base on the level of demand and supply. However, we can't actually blame the market for been volatile because a great opportunity will always comes with a great risk.

If volatility is a problem for a trader, he should quit trading as serious trading involves serious risks and if a trader cannot bear volatility, then they should look for non-volatile 'ranging' or 'sideways' markets. If trader trades in spot, volatility should not bother. It bothers when trader loses his cool during a margin or futures contract.

There are different types of volatility and as a trader one should know which one to utilize for his trading and which to avoid under any circumstances.  The first type is helping in getting explosive moves.  The other one turns the market into a random machine killing positions at it's will and there is no way to use that as a tool.

@2double0 traders that sees volatility as a problem probably don't understand that every investment/market have it own volatile nature though crypto volatility level is supreme than the rest but it because we dealing with a speculative market.
@trigger1975 the volatility most crypto investors understand is historical.

[Shasha80]

Predicting prices when trading does not only rely on price analysis in the market, but we must also see the news related to the coins we are going
to buy. The conclusion is to get profit when trading, depends on many factors. So relying solely on price action isn't a good thing to do, because price
action is only one part of technical analysis to predict prices in the market. Therefore there is technical and fundamental analysis, this is
to convince us when predicting coin price movements.