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DislikedEDIT: Thats what I was talking about...,, and what noww..now wait the volumeIgnored
DislikedThank you sanquir for your input. Could you please tell me where did NickB discuss this method in detail as to why it would fail in the long run.
I will be here in 5 years time as well as in 10 years time to show everyone that this method will still be working.
As long as PA works then my method will work.
The day PA stops working which means the end of forex thats the time my system will stop working.
DislikedI am still in my long trade -55 ATM, i like to give my trades room to breath. Seems like TDI starting to straighten out on the H1 at the 32, not sure but could be setting up for a reversal. If i do see a reversal i will open another long at a lower price.Ignored
DislikedX-man, U have an amazing system which is based on PA so will alway work.... People are always trying to put fear in other minds!!!
I have done alot of back testing and have a lot of faith in my trades now!!! thanks for all you do x-manIgnored
DislikedI would love to be enlightened on the fact that why price action work only on 1 Hr candleIgnored
DislikedLets start with the fact that we have to look at 1 Hr candle...what if this pattern is forming in 30 min candle and not working.would u still trade it at 1 Hr candles? is PA invalid at 30 min
NICKB--- this is a good place to start...http://forums.babypips.com/free-fore...ng-method.htmlIgnored
DislikedNobody claimed that... PA works on every TF, but on the lower TFs there is much more noise - that is the reason why most successful traders are trading higher TFs.
Btw, this method also works on the H4 and D1 TF, just look a bit around in this thread and the thread "Trading Made Simple For Day Charts"Ignored
DislikedSo you are saying if this method does not work on 30 min candle you would still trade it on 1 Hr candle?Ignored
DislikedMy long is starting to look much better, hopefully it will continue, not ready to jump into another one yet, will wait and see.
X-MAN if you did not close your short you must be in DD ATM, could continue your way or could go my way, could be going up after the pullback candle.Ignored
Sanquir: dealing in smaller time frame is a bigger hassle than larger time frame. Just like one dollar bills vs 20 vs100 dollars. They work in all timeframe. We get to choose the hassle we are willing to put up with to make a buck.
DislikedHi Xman, Phx62, Emmanuel
EU went long +3pips, then short BE on LO open. Not much PA so got out and am waiting for a breach of 1.3010-20, probably NY open +2-3 hrs. I am in a longer timeframe short.
do you use any time stops if a trade(H1) does not go anywhere in a certain amount of time. ? your parameters.
Taking a short below long wick blue (x man) and open of 2nd red candle by Phx62 (setup and signal candles) should pan out, but how long do you wait?
News on forexlive( not PA guys)"
Reports have sell stops through 1.3050. Buy...Ignored
Dislikedtaken from the movie The Matrix
"You take the blue pill – the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill – you stay in Wonderland and I show you how deep the rabbit-hole goes." -MorpheusIgnored
DislikedThere are a few problems with this system which will prevent it from being profitable in the long run...This method has been discussed in detail by another trader NickB.
William Eckhardt --- one of the best traders of all time( mentor of the turtles) provides an explanation of why these systems will never work in the long run.
Problem---- There is no reason to use 1 Hour candle...if this pattern is providing any insights into the psychology of the markets there must be no restrictions on the time frame of the candles.this pattern will disappear...Ignored
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