i just came to know of price action when I attended a short FREE talk by Dr Foo (he wrote a book - Trading Naked).

then i heard that Robin Ho (one of the top top remisiers in SG) also uses price action.

then last saturday, attended another talk, i heard one remisier from UOB gave a talk and he was referring to the chart (plain chart) with only SMA and shared his views on few counters.

my  conclusion
if the strategy works for them (they are full-time / part-time traders) and earning a living by the method then we ought to try and understand it, if it works for us, jolly good lor..

i am just sharing their experiences and if u made some money, good for u too and do remember to donation a small portion of yr profits to any charity of yr choice (if u remember others, God will surely remember u too - kindness will get kindness). 

trade wisely and accordingly to yr risk appetite hor...   trading is an art or rather, strategies like a game of chess.  

disclaimer applies - i shall not be held responsible for any profits / losses incurred by my postings...   =)
 
 
 

- the chart pattern, price action is still good this morning, opens higher than the last closing.
- trendline of 2.0 cts is not breached after heaving selling on Monday, STILL INTACT & STRONGER.
- supported by strong buying vol now
- well supported by all 20 / 50 / 100 / 200 SMA and bollinger middle line...

lagging indicators 
- rsi is point up now
- stoc looks like going to curving up  

- vested and supporting but with impartial views right now, i only need to wait quietly lor based on the chart (price action) and guts feeling.....   if i am rite, then i make some money for a few buffet sessions lor otherwise, just kopi-0 only lor   =)

- my 2 cents worth of views only....