Talk:Price action trading/Archives/2017

Comments welcome

Any comments welcome. This is my first wikipedia article so I'll probably be making a few mistakes here. Ahardy66 (talk) 12:18, 22 June 2011 (UTC)

Please make full comments when you delete stuff, rather than just implying what you mean!!!! It would save a lot of confusion @sposer --Ahardy66 (talk) 14:42, 15 July 2011 (UTC)

I gather you are talking about the Forex Magnates reports. In all honesty, this looks like a pure business website involved in consulting and FX brokerage. I know nothing about them (used to be involved in FX, but not any longer). It does not "look" like a classic Wiki "reliable source", and the whole site seems to be set up to drive business. That said, if they are known in the business, and like firms such as Tabb Group, Aite, etc., are known quantities, then it is reasonable to link to their report. Is there a way to find this out via Wiki users? If they are not considered reliable by the community, mention of the report should be removed. Sposer (talk) 15:56, 16 July 2011 (UTC)

How would you do that? Do you mean I should use the Community Portal? The Village Pump didn't seem the right place. Plus the Help page for questions also looks like the wrong place. --Ahardy66 (talk) 13:54, 25 July 2011 (UTC)

No problem, I found the place to discuss it. --Ahardy66 (talk) 21:33, 25 July 2011 (UTC)

Here's the opening for the discussion [1] --Ahardy66 (talk) 22:28, 25 July 2011 (UTC)

Separately, I am trying to understand where the idea for the article comes from. Although technical analysis is larger than just price action, this is merely a subset of TA. I am a former board member of the Market Technicians Association, and have never heard anybody use this as a separate and distinct term. That said, the article is very well written and I am glad you have taken the time to write it.Sposer (talk) 16:00, 16 July 2011 (UTC)

Maybe I have omitted some key description from the intro then. My disadvantage at wikipedia is that I don't read enough decent reference material in the subject area - e.g. Futures Magazine or TASC, let alone the academic press. So I don't really know how to address your question - if it was a question. I hope to find more references to include from journals, but it's not my priority at the moment. Perhaps I'll discover more sources of info once I look around after completing through the Brooks book.

By the way, I did look at trying to fit the article into a reasonable wikipedia category, i.e. somewhere below TA in the heirarchy, but the wikipedia categories in this area need more attention than I can give them. --22:50, 24 July 2011 (UTC) — Preceding unsigned comment added by Ahardy66 (talk • contribs)

My main point is that "price action trading" is technical analysis, not related to technical analysis. It used price patterns to forecast price changes. That is technical analysis. TA uses other items from trading too, like volume, for example, but there is no separation of price action trading. It is part of technical analysis, not "related to" technical analysis. Although I am not familiar with the Brooks book, the title even uses technical analysis in it. I would alter that first line and state something like "Price Action Trading" is the basis for Technical Analysis." However, you will need to have a source for that. Otherwise, limit it to the fact that TA uses chart patterns (price action) to forecast future prices, how however price action leaves out some other data (such as volume and open interest) that are typically used by technical analysis (if that is true since as far as I am concerned, price action trading is the main tool within TA and not a separate methodology, which this article makes it appear to be). Regardless of nitpicking, this is a sorely needed article.Sposer (talk) 09:39, 25 July 2011 (UTC)

Aha. Actually I changed that exact sentence several times backwards and forwards because I wasn't certain whether PA was a part of TA or related. However I ended up deciding that there are parts of PA that are not TA. I was just reading something today here [[2]] which made me realise what the issue is. It's behavioural or psychological - the price action patterns (TA) can fail in ways that signal to the PA trader that there is an opportunity. After reading the link, do you agree? Whatever, if you still feel that PA is only TA, then please change the text here that is bugging you. I'll leave it to you. I try to remind myself all the time that this is not 'my' article - when I hit submit, what I write becomes Creative Commons. Or something, whatever wikipedia call it. --Ahardy66 (talk) 11:29, 25 July 2011 (UTC)

I think it would clean up nicely if all of the chart patterns that are categorized into separate numbered sections of their own could all be placed as subsections with the section title: "Chart Patterns." This is a really good article. I'm constantly reading it trying to figure out if I can improve something or add something. I have a margin account and I trade all the time, this really hits a lot of important points that the behavioral finance and technical analysis articles, on their own, do not piece together quite as nicely. Erichardson2626 (talk) 01:30, 9 November 2017 (UTC)