Price Action is everything that price is doing on any trading instrument, being represented on a chart for a trader to see.In very basic terms Price Action illustrates in a way that a trader can see exactly on a chart, what a certain pair did for a particular time frame. Most charting platforms can produce candlesticks and bars for time frames varying from one minute to one month.Another way to think about it is, Price Action is everything humans are doing and how they are trading, shown in a chart form.This basic explanation of Price Action is not subjective.
What I see on my chart is exactly what another trader will see on their chart, providing they are using the same charting equipment.The next question is the important question. I use other strategies as well, but my bread and butter setups revolve around swing trading reversals.This article is about an entry trigger I often use for my reversal trades. Most successful traders use candlestick charts to make their money, and they trade primarily or exclusively using price action.
Although there is no universally accepted definition of price action, I use the broadest one and say that it is simply any move up or down on any chart for any market. The smallest move that any market makes is one tick (one pip for the Forex markets, although pips are now often subdivided into tenths, which most tr.