Can some really tell me what we mean by Price Action because all these criticisms about indicators makes me wonder on what people understand by price action?

I have being trading for 3 yrs now, my performance in 2012 has shown over 100% (with all humility not pride)and all i use is MA, Pivot Point sys, R-S levels and patterns. So why all these price action thing, when in actual fact everyone is using price action.

Thanks

what strategy are you using that brings 100% returns to you

I use Pivot point system, moving averages and price patterns.

Can you shed more light please?

All i do are as follows;

1. Determine the trend from longer timeframe (mostly weekly and daily) using my own developed moving averages
2. Plot weekly pivot point on 4hrs charts
3. plot daily pivot points on 1hr charts for entry in the direction of my determined trend indicator
4. sl and tp placed using both hourly and 4hrs charts using pp system
5. Risk/reward ratio is 2:1

Thats it but there is a way i use it as you may know trading system is person.

Thanks

Can you please show your equity curve lets see the progress on your account

i would gladly do that, check www.forexfactory.com/bsgforex in this site i make available one of my trading accounts for performance and assessment purpose. Carefully read through and i welcome your comment.

My username is bsgforex

Thanks