Price action at the core = family members' discussion project

For anyone reading this, I do not mentor anyone. I am just here to contribute as George did. I think it's in YOUR best interest to approach it similar to a jigsaw puzzle. You have "the market", whichever one you prefer. Then there is YOU. I would think honestly, that if you combine what I have already shown and said here, with what George has shown and discussed, then you WILL piece it back together for yourself. Forget conspiracy ideas and stories. And forget what your "peers" tell you or say. Trading is an INDIVIDUAL SPORT. There's nothing worse than being surrounded by a hundred different opinions, especially if they're your "friends". The problem with people is they want to socialize and try to talk about something that is the exact opposite to that.

If you look at George's original thread, as a collage. Forget anything that right now seems too complicated. Get down to the basics and STAY there until you have mastered them. How do you know if you've 'mastered' them? You will feel more relaxed. That's it.

Stop trying soooooo hard.

Tomorrow, up will still be up and so will down. Price goes up and down all day long. Left to right. Trading is an A+B+C+D type of activity. Big picture to little picture. Step by step.

Perhaps what has confused people is when George would talk about his Win SR's and his technique. You need to understand that the game is "Static" vs YOU. Price over time and reverse. Put the effort in and you will see. You cannot teach experience, only point towards it.

Keep it simple and keep it real. Work out your strengths. Work out the market's too.

Peter.

another left chartist artist expert, speechless

Why do you draw your trendlines back to front? that makes no sense at all,Oh, i see you are a new trader.

I won't do what George and other people have done here. Because I am not them. I can see fake or stupid coming a mile away. Immature stuff doesn't impress me. So please don't waste your time. I understand this social platform now, so I can see. Real people with real queries and interest. That's what I am interested in. For me, it's less costly to contribute this way.

For the 2 last comments, please read above. You won't succeed at getting a rise out of me. The internet is full of fake and stupid. I've known this for years.

For everyone else, the answer to the recent previous question is in an earlier post I wrote on this thread about rate of change. Go find it and read and think.

Happy trails

Peter

No, nothing fake or stupid , my genuine question is, why do you draw trendlines back to front?

Quoting Profitgrowth

Disliked

No, nothing fake or stupid , my genuine question is, why do you draw trendlines back to front?

Ignored

The answer to the recent previous question is in an earlier post I wrote on this thread about rate of change. Go find it and read and think.

Peter

"recent previous question" which one, what is that supposed to mean??? "about rate of change" no can't find that,what are you talking about? FFS man, if you can't talk in plain english and answer a simple question, don't waste your time on here.

One of the things about yourself you may or may NOT be aware of, is ....

Risking money is not in your "nature" as a consumer, as a parent or child, as an employee etc. I have seen "stupid " people win BIG money, only to lose it because they resisted learning. If they just admitted they're lacking something, then they can learn. AND they'll keep their money. Trading is and has always been, a self starter activity. It's why some people charge money for teaching/helping people learn to trade. Their attitude is "IF I have to put up with their silliness and childish attitudes, then I'm gonna get paid." PERIOD. Surely you see that. It's no picnic or easy time dealing with people who have "issues" that they will not own and do something about.

Who cares at all IF you think this is true or not. Admitting there are people out there who are NOT you and probably now stuff you don't is a part of growing up.

And so trading is made so much harder for people when they cannot control themselves. I won't be so crass as to say that you will never learn. That's for you to decide. But you need to wonder WHY after all these days/weeks/months/years, you're STILL having trouble seeing ....

Up or down. Can I see limits that repeat within the market's activity? Do I actually understand terms like trend, momentum, direction? What happens when periods do the same thing? Why do I blame other people or things for my frustrations or failure?

To me, both personally and professionally, if you have a job, you place it at risk IF you do something terrible OR, perform very poorly for long enough. Now translate that understanding over to trading. And remember (Or think about) what it feels like, to lose that job, that money coming in. What will change? It's EXACTLY the same with trading.

Stop focusing on GETTING and concentrate on just learning. My guess is that most of you out there are not trading for primary income. So STOP forcing it to happen. And for those who ARE doing it for income, then there's always a better way to do things.

It is YOU, the markets just keep going and going. SECRET - That makes it 100% simpler for YOU. I said simpler not always easy.

It's always - market activity ("price action") then general framework of local TF direction then HTF direction. If you think a "scalper" doesn't care about direction then you're a fool !! The market determines the direction NOT the scalper.

Everything else is just window dressing - channels, indicators, Ea's etc etc etc etc etc etc etc etc etc etc etc etc etc etc etc etc etc etc etc etc etc.

Think about it.

Peter.

Today .......

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And ......

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My two pennies worth.
the most important thing in my humble opinion is 20 points a day. Therefore you need the most reliable method to gain these points every day.
easy example
£10000 - 2% of account at 10 point soft stop loss = £400 (£20 a point)
19 days later
£20218 - 2% of account at 10 point soft stop loss = £808 (£40 a point)
soft stop is 10 points - hard stop is 30 points - you can trade into targets - out of targets it doesn't matter. what ever you find the most reliable.
Trying to get 100 plus points a day - you need to be gifted - focus on 20 points - much easier.

For those still learning .....

Price through time, does leaves markers or signals or a white flag (or whatever you want to call it) in the air for people to see and notice.

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Here is a (clean) link for anyone wanting to read more ..... no strings or BS just download and read .....

https://drive.google.com/file/d/1VNH...ew?usp=sharing

Now please don't get all religious on me here with this stuff. If you want to trade successfully for the REST of your life, you need good knowledge but you also need GREAT instincts to roll with the changes that occur in the world and therefore, in the markets. SO now, look again at a pic I shared earlier .....

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Now it's study time. Don't get fanatical and try and "remember" it all. Use your instincts to lead you. Just as if you are hunting a wild animal. Enjoy.

Hi Peter

There is a problem with those stats because if they were true, most price action traders would be very profitable. They are in fact cherry picked stat's in the sense that you need to know where these candle shapes sit in the chart. If we are currently siting near a "point of control" within a cluster of orders - those stats are totally bullshit.
If now we move these candle shapes away from the high density of orders to near the boundary of the chart, I may suggest the stats are even better.
To be able to trade candle shapes, you need to have a deep understanding of how price SLIDES between liquidity pools and how it restricted in its expansion. Knowing when to trust or not trust a pattern is key.

But you don't need all that stuff, just a simple 3 bar reversal away from point of control is all you need.

Trading is very simple, trade back to high density at either a high expansion level or wait for a 3 bar.

Hi Rick,

As I said, do not be religious about it. The stats CAN be an accurate guide in the right context, just as you said. I didn't write the stats or that book about the stats. So I take no offense to any criticisms made. People will make of it all what they like. What I have shown already can show and even prove (visually) what can be learned.

Yes indeed someone can use extreme reversals back to structure, BUT, Rick, not everyone KNOWS this already and knows it well enough to do it. So they need a little insight to help move things along. Yes it's true that trading is simple, but I'm old school, I like squeezing in right at the edge. To me, if you get in after the first bar on reversal, then you've missed the boat. But that's just me. No one need do it as I do.

Thanks for talking Rick

Peter

And Today ...... on the GBPJPY ...

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Quoting Londonpip60

Disliked

My two pennies worth. the most important thing in my humble opinion is 20 points a day. Therefore you need the most reliable method to gain these points every day. easy example £10000 - 2% of account at 10 point soft stop loss = £400 (£20 a point) 19 days later £20218 - 2% of account at 10 point soft stop loss = £808 (£40 a point) soft stop is 10 points - hard stop is 30 points - you can trade into targets - out of targets it doesn't matter. what ever you find the most reliable. Trying to get 100 plus points a day - you need to be gifted - focus...

Ignored

Hi Londonpip60,

Yes indeed if this is what works for you consistently then don't stop. Personally I'd be a little wary of using a hard stop of 30 but each to their own way. I suppose it depends on the situation and what my goal is.

20 pips can be cut many ways. As a rule of thumb for the current 2020 environment, I assume a 1PIP spread risk each way and a 1PIP risk for commissions. Giving a total of 3PIPS for each order I track. So a 10-11 PIP target would be all you'd need.... IF you place the order. So 100 pips isn't hard once you go round the mulberry bush of trading enough times.

As I trade only what I can see, not what I hope for or what "should" happen .... controlling my side of the working equation is the main goal each day.

Thanks for talking.

Peter

A driving simulator pic that displays the same principles for using a magnifying glass to trade .....

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