The support forum is built with (1) General and FAQ forums for common trading queries received from aspiring and experienced traders, and (2) forums for course video topics. How to Trade Price Action and How to Trade Forex Price Action videos are consolidated into common forums.
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Hi, can anyone clear my confusion. I wanna ask do I have to also read Japanese candlestick patterns, as well as chart patterns for price action?
Or is learning price action alone sufficient for expertise in trading? Thanks.
You only need to be concerned with price action patterns, like Wedges, Major Trend Reversals, Double Bottom/Tops, and such. Do not bother with those popular but simplistic patterns like hanging man, shooting star, pin bars, etc. Those are not reliable and should not be bothered with. Focus on price action patterns. See Al’s “10 best patterns” article on site under the “Learn to Trade” menu item, as well as Al’s online “How to Trade Manual” for more on this topic.
So yes, focusing on and and learning price action is more than sufficient to build your expertise. All typical indicators are derived from price action, so no need to clutter your chart with anything but the bars themselves and a 20 period Exponential Moving Average.
Be patient. It takes time to learn and absorb, but it then becomes second nature and intuitive.
