Hi traders! I will be sharing my trading journey and research here. I trade with price action and I am specialized in Binary Options since 2013 and tested tons of method. I like binaries due to its absolute limited risk. I jumped from indicators to indicators, from indicators to Price action, from PA to indicators again, lol all possible combinations.
At the end of the day, I've found that 'traders' tend to ignore what matter the most in the market: VOLATILITY.
No matter how effective your method is, if you ignore market volatility you won't make it. Trend trading strategies will work at the time of high volatility and range trading will be effective during low volatility time.
Try to trend trade the EURUSD during the Asian session, for example, you will lose your money. Try to range trade during UK open and you will also lose your money.
You must know what your system is about: a range trading method or a trend trading approach.
So my methods:
1-Trend trading during the time of expected great volatility: UK,US,FRANKFURT SESSION OPENS and after high impact news release. I will favor breakout entries and breakout pullback.
2-Range trading during late US session until Tokyo open. I'll favor fading breakouts here. (buy low sell high).
That's all, no fancy indicators, "mysterious" EA or "magic" system, just PA and volatility consideration. I've made a short manual on how I approach the Forex market volatility (attachment). There are a lot of entries examples on my Vlog.
MyBlog http://priceactionpost.com/blog Vlog : https://www.youtube.com/c/priceactionpostvideo
At the end of the day, I've found that 'traders' tend to ignore what matter the most in the market: VOLATILITY.
No matter how effective your method is, if you ignore market volatility you won't make it. Trend trading strategies will work at the time of high volatility and range trading will be effective during low volatility time.
Try to trend trade the EURUSD during the Asian session, for example, you will lose your money. Try to range trade during UK open and you will also lose your money.
You must know what your system is about: a range trading method or a trend trading approach.
So my methods:
1-Trend trading during the time of expected great volatility: UK,US,FRANKFURT SESSION OPENS and after high impact news release. I will favor breakout entries and breakout pullback.
2-Range trading during late US session until Tokyo open. I'll favor fading breakouts here. (buy low sell high).
That's all, no fancy indicators, "mysterious" EA or "magic" system, just PA and volatility consideration. I've made a short manual on how I approach the Forex market volatility (attachment). There are a lot of entries examples on my Vlog.
MyBlog http://priceactionpost.com/blog Vlog : https://www.youtube.com/c/priceactionpostvideo
Attached File(s)
Forex Volatility Patterns.pdf
318 KB
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186 downloads
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Uploaded Sep 2, 2016 1:57pm