Price action trading: The basics

摘要

This is the first of a six-part series that provides an overview on how to trade using price action on all time frames and in all markets. Although there is no universally accepted definition of price action, I use the broadest one - it is simply any move up or down on any chart for any market. The smallest move any market makes is one tick (one pip for forex markets). If a market moves up one tick, it is because there are not enough sellers at the current price to fill all of the buy orders, and the market has to go higher to find more sellers. If it falls one tick, it means there are not enough buyers at that price.