DislikedI really don't know much about trading, but I think this is a good trade: {image}Ignored
My respects Master what is indicator on down left of chart? and how you did you candles by this color?
The Price is Right: Trading Price Action 219 replies
Price Will Tell - Supply/Demand Price Action Trading 1,856 replies
Price action at the core / tma intra day 5,016 replies
2 day price action 8 replies
DislikedI really don't know much about trading, but I think this is a good trade: {image}Ignored
Disliked{quote} My respects Master what is indicator on down left of chart? and how you did you candles by this color?Ignored
DislikedSafrash, you are making the typical mistake which everyone was making or still is making. It is nothing wrong with you, it is a natural human reaction. You are reacting upon the sudden movement of price in a certain direction. At the same moment, your mind stops thinking, it gets blocked. This is also a natural physiological reaction of our mind. You stop seeing the larger picture and forget that price is at resistance. This is also a typical action of the price, something called Fake Head. It takes a lot of time to get rid of this instinct, and...Ignored
Disliked{quote} LongRisk == 1% max 3% of your account balance; ShortRisk == 1% max 3% of your account balance;Ignored
Disliked{quote} Bravo master, you as always on top, not only give lessons Forex, but also can calm the student, it lacks many teachers. Yes indeed, human psychology is complex, the balance comes from experience, a lot of unexpected encounters beginner and overcomes his fear, but with experience everything will fall into place. Thank you very muchIgnored
Disliked{quote} If you look closely, you will see: {image} Bottom: Timeframe, date, broker time / local time, spread Second: Lot volume calculator Third: Indicator for setting chart offsets from top and bottom with today's range Fourth: Simple Average Daily Range indicator Like I told you before, I learned to do some programming in MQL4. So, I can create simple indicators, scripts and EA's.Ignored
Disliked{quote} Nice, but you did not represent it in forum for us, don't want?Ignored
DislikedHello Dadas I'm watching that the Price Action requires finding new Zone in which I trade and it is must be desirable that last Zone in tradable TF. This is chart entered Long in 21:17, H1 TBCZ was plotted on old candle, profit +7 pips, order closed by opposite candle, SL can trailed on order price. {image}Ignored
People, maybe this is my latest enlightenment, but it really is that way!
The Market dictates where your Stop Loss must be!
There is no other way!
If you can't afford the Stop Loss distance from current Bid Price - DON'T ENTER!!!
If you are trading Price Action Breaks, your SL must be wider.
If you are waiting for retrace to Enter, your SL will be tighter.
What I am trying to say is that trading against the Price, which means
opening trades with very tight Stop Loss at potential swing Price Action
but, without any Break Candle or SBOC is very frustrating
because you will get a lot of small losses before you jump in on a bigger move.
That's why I am teaching you to trade TBCZ and PTECZ Breaks and best Enter on Price retest or retrace.
The more narrow the TBCZ or PTECZ, the smaller is the Stop Loss.
But, the Stop Loss must always be placed where the Market dictates.
So, when you see a TBCZ or PTECZ which you are thinking of trading,
look first where your Stop Loss must be by what the chart tells you.
Not by what you think!
I've been telling you this from the very begining.
Trading is not about what you think.
Trading is about trading the charts and what the charts are showing.
One of the major rule of this thread is that we don't state our opinions.
We analyse the charts by pure Price Action.