文档介绍：The Forex Report – DATA BRIEF
NOVEMBER 2004
Predicting Price Action
By Scott Owens with Omer Lizotte
Price action is the foundation of all technical
indicators, yet most traders do little to
understand it. Within trades, price action
creates the most important element of context,
defining inflection points that affect market
entry and exit. The sophisticated investor
understands price action and uses it to frame
every trading decision.
ANALYSIS
• How likely is a price move continuation given varying conditions?
DATA
• See the probability of price move continuation in assorted tables.
ACTION
• Use breakouts to incorporate price action probabilities.
• Implement price action informed strategies in your trade exits.
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The Forex Report November 2004
ANALYSIS
What happens when one of the major currency pairs moves 10 pips? 25
pips? 50 pips? How likely is it that it will continue for 10 more pips? 20
more? 50 more?