What Is Price-Action
WHAT DO YOU MEAN BY PRICE ACTION? Price action is a way of looking at how the price of something changes over time. People use it to decide when to buy or sell things, like stocks or toys . I t is based on looking at the price history of something and trying to predict what might happen next. This can be tricky because different people see different patterns in the price history. People who use price action often look at charts to help them see patterns. IS PRICE ACTION THE BEST STRATEGY Price action traders use charts to see how the price of something has changed over time. They look for patterns in the price history to try to predict what will happen next . They also pay attention to how many people are buying or selling and why . Traders watch for different patterns to happen at the same time, which can give them a signal to buy or sell. Al Brooks is an author who is very good at naming these patterns and explaining why they happen, but he admits that he might be wrong some...