PRICE ACTION

Price action trading ignores the fundamental factors that influence a market's movement, and instead it looks primarily at the market's price history, that is to say its price movement across a period of time. Thus, price action is a form a technical analysis, but what differentiates it from most forms of technical analysis is that its main focus is on the relationship of a market's current price to its past or recent prices, as opposed to ‘second-hand' values that are derived from that price history... In other words, price action trading is a ‘pure' form of technical analysis since it includes no second-hand, price-derived indicators. Price action traders are solely concerned with the first-hand data a market generates about itself; it's price movement over time... Price action trading (price action or p.a.), is the art and skill of trading based on raw price data with no third-party indicators, news or fundamental data. The cliché expression to describe price action trading is..