Price Action:
The term 'Price Action' refers to the price movement which happens in any security in a given period of time.
"Jesse Livermore" was one of the most significant practitioners of Price Action Analysis. He was the one who invented Price Action Trading in the 20th Century.
The fundamental belief of price action is that price never lies, so price action methodology removes all the technical indicators and only basic price movement data is used to generate entry and exit signals for trade.
Price Action is one of the branches or a part of technical analysis which makes use of only the past and the current price to predict the future price movement of any security.
Price Action Trading:
Price Action Trading is also known as "Clean Chart Trading". Price Action Trading takes place when you base your trading decision (buying and selling) on the price behavior of any security.
In Gujarati, there is a famous saying related to the Stock Market which is the essence of Price Action Trading - "Bhav Bhagwan Che" which means "Price is Supreme".
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