Topic: Price action
From time to time I see inquiries about price action as it seems to be the 'buzz word' in trading, especially for the newer and inexerienced people.
Authors and gurus earn a lot of money by teaching 'price action' and some traders do ok following those teachings.
Personally I have not the patience to wait for price action patterns to show up as I am into trading because I need an income.
To solve the dilemma and to make some money, I use FSBPro to search for patterns, and you know, it does an amazing job of finding patterns for me.
I have quite a few patterns - 2, 3, 4, 5 and 6 bar patterns.
I do not have fancy names for them, they each have a number, but they work just as well as the best named candlestick pattern and I can depend on them to always work the same way because they are computed precisely by FSBPro instead of being a subjective creation by some trading guru.
Using the controls on the Acceptance page in Control panel, a person can set the accuracy he requires for the patterns.
FSBPro will generate an infinite number of patterns for whatever time frames required and those can be labelled however a user wishes.
Keep in mind that all indicators and price bars have an arithmetic component and FSBPro is an excellent student of arithmetic, it can calculate all sorts of measurements precisely and produce some great combinations.
Indicators, Indicator names, are just representations of arithmetic applied to one or more price bars.
The program has a gazillion indicators with all sorts of permutations available - allow it to find solutions for you!
What I have said is, 'allow FSBPro to find solutions, use your creative abilities' and your fondest 'price action' dream will be realized.