Price action trading system, can anyone help?

<p id="isPasted">Price action trading, which is a form of technical analysis, involves analyzing past price movements and patterns to make trading decisions. It's possible to trade Forex using only price action, completely ignoring the news, but this approach may not be suitable for all traders.</p><p>Price action traders focus solely on the price movements of currency pairs, ignoring other factors such as economic data releases, news events, and other external factors that can affect the market. By analyzing price movements, price action traders look for patterns and trends that can help them make informed trades.</p>

<p id="isPasted">Building a price action trading system means learning to read the "footprints" of buyers and sellers without relying on lagging indicators. Success in this field requires moving beyond just memorizing patterns to understanding the market psychology behind them.&nbsp;</p><p><strong>1. The Core Components</strong></p><p>A complete system must address these four pillars:</p><ul><li>Market Structure: Identify if the market is trending (higher highs/lows) or ranging (sideways). Always trade in the direction of the dominant trend on a higher timeframe for better odds.</li><li>Key Levels: Mark Support and Resistance zones where price has historically bounced or stalled. These are your "battlegrounds" where you look for trades.</li><li>Signal Patterns: Use specific candlestick formations to trigger entries. High-probability signals include Pin Bars (rejection), Engulfing Bars (momentum shift), and Inside Bars (consolidation).</li><li>Volume Confirmation: High volume during a breakout or at a key level validates that the move is "real" and backed by institutional money.&nbsp;</li></ul><p><strong>2. Recommended Learning Path</strong></p><p>Most professionals suggest a systematic 8-step approach:&nbsp;</p><ul><li>Understand Supply/Demand: Learn why price moves.</li><li>Master Charting: Use tools like TradingView to practice drawing levels.</li><li>Learn 2–3 Patterns: Don't try to learn them all; master the Pin Bar and Engulfing pattern first.</li><li>Risk Management: Never risk more than 1–2% of your capital per trade.</li><li>Journaling: Record every trade to identify your psychological biases.&nbsp;</li></ul><p><strong>3. Top Community &amp; Educational Resources</strong></p><ul><li>Free Courses: The School of Pipsology on BabyPips is a gold standard for beginners.</li><li>Forums: Forex Factory has extensive threads on specific systems, including Bob Volman’s and Al Brooks' methods.</li><li>Books: For a deep dive, read "Understanding Price Action" by Bob Volman or "Price Action Trading Secrets" by Rayner Teo.&nbsp;</li></ul><p><strong>Warning</strong>: 90% of traders lose 90% of their money in the first 90 days. Always start with paper trading (simulated funds) before risking real money.&nbsp;</p>