Does Price Action works ?
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I have heard and read that most of the traders use price action for their trades so I asked few of them how to learn and they recommended Al brooks books, so I want some opinions if that really works like
I downloaded the 3 books by al brooks and started to read them.
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Tagging price action king
@malikcool 
Hahaha. 
JJ bhai Market is king. We all are students of market.
And yes price action works. But there’s nothing readily available to serve. Only learning & practice can help you to learn the art of price action.
@MrKool_JJ Baaki JJ bhai be safe. Covid is @ peak. 
Wear a mask whenever you go outside.
@malikcool would appreciate your comments
Nothing works 100% it’s about probability. Sometimes it will work sometimes it won’t. Enter the trade based on how much you can afford to lose or basically Risk management.
yes that is true nothing will work 100% or even 60-70% in stock market
my query is like does price action increases our probability by a little or gives a very very little edge ?
yes it is technical analysis
Hmm. Price Action forms the basis of technical analysis. But, there are limitations. Normally people think Price Action mean visual patterns but volume and other price behavior play important roles.
The problem is all people have the same information. Interpretation might be different. When everyone has the same information, things become noisy and that’s why longer time frames are more reasonable and dependable in nature.
@Rosh_0007 @bumblefoot @malikcool guys, what are your opinions?
yes sir
I started learning price action from al brooks books and my next thing to learn for volume analysis is book of anna coulling volume price analysis
anything else I should learn that can supplement my analysis ?
can you share little more on that
like you experience ? or what else can benefit in PA
direction to learn
I am very keen on learning
we study 4-6 years at least to go in some profession and earn a salary
I am willing to put at least some efforts so as to benefit in trading
I have learned basics from varsity
currently when I am reading AB’s books, yes they are difficult and taking much time to read and learn.
I am in the middle so will continue to do so
I will read Mastering the Trade by John F Carter after I have finished with current one
added the book to the reading list
thanks for the suggestion
kg+
Copied from Twitter
As beginners we wander from one method to another without developing a deep understanding of any of the methods Ideally one should delve deep into one method, Either deploy it or discard it before moving onto the next Be a master in atleast one method, As a trader it help
Even simple moving average or pivot points also works. But we all r doing above mistake.
yes read this tweet like yesterday or day before that
I am focusing on PA only with volume analysis to supplement it
anyone read complete al Brooks book ??
Zerodha has a course