Hello, Skenobi. In order to trade a "mechanical" system, all one needs is to be disciplined about taking the trade every time the indicators align. My methods involve drawing lines and boxes in a judicious manner as well, so, just like with you, my ...

That basically sums up my reasons for becoming a retail trader.

Great thread, Ponzi Jr! Thanks for participating Skenobi and JacobFordX. Awesome information.

I am just writing this post to register this awesome thread in my profile. Thanks, Seneca!

Hello, Dadas I am a price action trader as well. I found your reply to Rodrigo (quoted above) so awesome that I will contact you to talk about FOREX and price action.

Why? — Although I am quoting hornsant, the question is to everyone. Why do you believe the Aussie is overvalued? In my opinion, it is currently the country with the best fundamentals and interest rates in the OECD. China might not be at its ...

time frame of correlation — Hello, Leticus What's the time frame of your high correlation? Are they highly correlated on a weekly basis, on a monthly basis? I went to the link you provided but I can't get the time series. Cheers

Teach me! — Hello, ForexTraderx! Here is me following your advice about being honest with myself: "I SUCK AT TRADING!!" This is a great thread. I have been studying price action like crazy for the past 6 months and I believe my trading has ...

Prices reach demand zone — I'll be keeping an eye in the yen as it hits a demand zone. The chart is the 1H time frame.

Supply test — I would say it's because it has been tested the following day when the price reached 0.9573. It wasn't a "fresh" supply zone. Does anyone disagree? Cheers

In a nutshell — Hello, Julexo I have been paying attention at your trades. In a nutshell, could your strategy be described as the following?: Let's say price is trending down towards a support (demand) zone. If that support holds price, you ...

Price too expensive o too cheap? — Thanks for the reply, Pedini89. However, wouldn't prices climb aggressively because it was to cheap? I understand the unfilled sell orders but not the dear price. Can you please clarify? Thanks in advance.

Range with bias to the upside — I am looking at the same chart, the EUR/USD. Because the pair is range trading with a bias to the upside, I saw no signals that indicated a possible spike to the downside like that. What made you guys go short? ...

Stop loss on daily chart — Depends on the time frame. 140 pips stop losses are not uncommon in weekly and daily charts.