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PA Trading with EMAs and common Sense

  • #281
  • Mar 15, 2023 3:09am Mar 15, 2023 3:09am
@vvm - I ALMOST took this, but decided against it because of that zone I drew. What do you think of that trade?
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  • #282
  • Edited 4:53am Mar 15, 2023 4:30am | Edited 4:53am
Quoting TheHusla
I don't usually post these trades but it's a good run at the moment and nothing much going on for me in FX! Today's trade was a beautiful entry candle at supply. {image}
excellent, perfect entry. doesn't get much better than that!

the price action signal i see in this one was a failed breakout of the previous high that struggled to hold trapping the longs

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thanks for sharing, i wouldn't mind seeing more of those...
every minute matters!
  • #283
  • Mar 15, 2023 4:51am Mar 15, 2023 4:51am
Quoting TheHusla
{quote} I just use that system for entries so makes sense to post there, also use his indicators. The trend one is a really nice one. I just use it as a sanity check with structure. This thread is a really good one for H1 & H4. It's good you have such a fluid system. I believe in these kinds of systems but it just takes a while to train your subconscious. And yeah, I understand your cost averaging but I just control risk by tightening my SL. I personally think with SL, TP fixed, it makes the process much easier. I just have to focus on winrate....
certainly agree indicators can be helpful in making decisions - i primarily use ema's and tick volumes, and sometimes a combination of oscillators

also agree that both you and vvm are showing off nice PA based 1H, 4H and daily trades and enjoy seeing them. unfortunately, those timeframes don't work for me, but the PA principles remain the same on the 1M timeframe...

the fluidity of my trading has only recently developed over the last six months now, i was trading fixed rules prior to that with mixed results. but since adopting a truly discretionary and dynamic approach my results have vastly improved

you have sound risk and money management rules in place from what i can gather thehusla and that's all that really matters regardless of strategy, best of luck to you too mate!
every minute matters!
  • #284
  • Mar 15, 2023 5:33am Mar 15, 2023 5:33am
Quoting niks
{quote} excellent, perfect entry. doesn't get much better than that! the price action signal i see in this one was a failed breakout of the previous high that struggled to hold trapping the longs {image} thanks for sharing, i wouldn't mind seeing more of those...
Cheers bro!

Quoting niks
{quote} certainly agree indicators can be helpful in making decisions - i primarily use ema's and tick volumes, and sometimes a combination of oscillators also agree that both you and vvm are showing off nice PA based 1H, 4H and daily trades and enjoy seeing them. unfortunately, those timeframes don't work for me, but the PA principles remain the same on the 1M timeframe... the fluidity of my trading has only recently developed over the last six months now, i was trading fixed rules prior to that with mixed results. but since adopting a truly discretionary...
I've always thought, the market doesn't follow strict rules therefore why would a successful approach? Fluidity is the key as being married to a "setup" has caused me a lot of problems in the past. Ultimately all we have is direction, range and an entry.

And yes, with fixed R and never touching my TP and just my SL as the trade develops it really simplifies a lot of complexities of trade management and makes the process A LOT easier for me. I always try and get things as easy/simple as possible.
  • #285
  • Mar 15, 2023 1:17pm Mar 15, 2023 1:17pm
Quoting TheHusla
@vvm - I ALMOST took this, but decided against it because of that zone I drew. What do you think of that trade? {image}
U have a good Yey
s. Chart
atb vvm
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PA Trading with EMAs & common Sense
  • #286
  • Mar 15, 2023 1:22pm Mar 15, 2023 1:22pm
Quoting niks
that's ok. we'll try and keep you involved with our trades! {image}
Great keep it up
atb vvm
PA Trading with EMAs & common Sense
  • #287
  • Mar 15, 2023 9:02pm Mar 15, 2023 9:02pm
Quoting vvm
{quote} U have a good Yey s. Chart atb vvm {image}
excellent analysis as always vvm, i especially like the part where you highlighted the striped area double strength resistance + ema200, they were my thoughts exactly...
every minute matters!
  • #288
  • Mar 15, 2023 9:05pm Mar 15, 2023 9:05pm
Quoting vvm
{quote} Great keep it up atb vvm
ok, if you insist!

EURUSD 1M

classic pin bar entry long...

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not much more to add, what a ripper!

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every minute matters!
  • #289
  • Edited 10:08pm Mar 15, 2023 9:39pm | Edited 10:08pm
Quoting TheHusla
{quote} Cheers bro! {quote} I've always thought, the market doesn't follow strict rules therefore why would a successful approach? Fluidity is the key as being married to a "setup" has caused me a lot of problems in the past. Ultimately all we have is direction, range and an entry. And yes, with fixed R and never touching my TP and just my SL as the trade develops it really simplifies a lot of complexities of trade management and makes the process A LOT easier for me. I always try and get things as easy/simple as possible.
simplicity makes decision making a lot easier - as you say, we don't have much raw information to work with, but the little we have plus our intuition will ALWAYS be better than relying on any indicator or fixed rules, having worked on EA's for a long period of time has taught me that the hard way - they promise so much, but take away much more as the market dynamics continually shift - consistency is dependent on remaining dynamic - each and every trade is unique and must be handled accordingly

to cap off the point on simplicity, i have simplified my PA signals to the absolute basics, double\triple tops and engulfments are top of my list, outside bars, pin bars and a few others are also considered

as an example, look at the double tops that formed on both EU and AU, both very easy to manage and profitable trades, just wish i had taken them!

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and again!

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every minute matters!
  • #290
  • Mar 16, 2023 12:07am Mar 16, 2023 12:07am
AUDUSD 1M

trend pullback long, looking for support off ema50

no initial stop loss, was going to cost average, but the break of ema50 was strong, so held off, but then it quickly rebounded and set stop to BE

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then it smashed through target not long after - if i had managed to cost average it, then targets would of been layered above the initial target and i would of had a lot more out of this trade...

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every minute matters!
  • #291
  • Mar 16, 2023 12:08am Mar 16, 2023 12:08am
Saw this one late yesterday and it hit TP overnight. Having quite a run with the indices. 1.5R.
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  • #292
  • Mar 16, 2023 12:09am Mar 16, 2023 12:09am
Quoting vvm
{quote} U have a good Yey s. Chart atb vvm {image}
thank you for this.
  • #293
  • Mar 16, 2023 12:11am Mar 16, 2023 12:11am
Quoting niks
{quote} simplicity makes decision making a lot easier - as you say, we don't have much raw information to work with, but the little we have plus our intuition will ALWAYS be better than relying on any indicator or fixed rules, having worked on EA's for a long period of time has taught me that the hard way - they promise so much, but take away much more as the market dynamics continually shift - consistency is dependent on remaining dynamic - each and every trade is unique and must be handled accordingly to cap off the point on simplicity, i have...
I have spent a lot of time on EAs as well and that is my end game. I still think they are possible but I'm still putting together how, in my head. For now just focusing on my trading and nothing else.

Every trade is unique! Well said.
  • #294
  • Mar 16, 2023 12:12am Mar 16, 2023 12:12am
Quoting niks
AUDUSD 1M trend pullback long, looking for support off ema50 no initial stop loss, was going to cost average, but the break of ema50 was strong, so held off, but then it quickly rebounded and set stop to BE {image} then it smashed through target not long after - if i had managed to cost average it, then targets would of been layered above the initial target and i would of had a lot more out of this trade... {image}
Your scalping style is almost identical to mine. A shift from my entry zone and it goes to B/E. unlucky here but nicely managed your risk.
  • #295
  • Mar 16, 2023 12:14am Mar 16, 2023 12:14am
Quoting TheHusla
Saw this one late yesterday and it hit TP overnight. Having quite a run with the indices. 1.5R. {image}
another failed breakout and your on the right end of it, awesome...

rather than being the indices, perhaps its just your read of PA that's having a good run!
every minute matters!
  • #296
  • Mar 16, 2023 12:24am Mar 16, 2023 12:24am
Quoting TheHusla
{quote} Your scalping style is almost identical to mine. A shift from my entry zone and it goes to B/E. unlucky here but nicely managed your risk.
definitely, risk management is priority number 1, especially when scalping volatile markets

i can't complain too much , my pin bar trade prior to this was the same, much was left on the table, but profit is profit and i've learnt to accept leaving much behind but of course always looking to maximise it - this week is difficult though with very fast movements so really not much i can do about it except get greedy!
every minute matters!
  • #297
  • Mar 16, 2023 12:33am Mar 16, 2023 12:33am
Quoting TheHusla
{quote} I have spent a lot of time on EAs as well and that is my end game. I still think they are possible but I'm still putting together how, in my head. For now just focusing on my trading and nothing else. Every trade is unique! Well said.
ye, i still get that buzz every now and then, though each journey is getting further apart and shorter lived

they can be lucrative for short periods of time, which is where the allure comes from, but you never know when they have failed until its too late to rectify, and they ALL will fail at some point, you have to be quick enough to catch it before it does

some will argue if it was possible, the banks would simply run their holy grail script and do away with all investors, is that reality? i do wish you the best of luck in your exploration but caution you to manage the time you spend on them very efficiently but most importantly, soak in the lessons they teach when they fail...

i believe you have an excellent read of PA, and combined with your risk and money management, that is all you need
every minute matters!
  • #298
  • Mar 17, 2023 3:58am Mar 17, 2023 3:58am
EURUSD 1M

countertrend back to ema9, targeting ema50, manually closed just before target, no initial stop loss, was going to cost average, stop moved to BE then let it run...

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every minute matters!
  • #299
  • Mar 17, 2023 4:52am Mar 17, 2023 4:52am
This was a beauty. Shame I missed it. I have been a little distracted with another project this week but this was a great one.

VVM - check it out
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  • #300
  • Mar 17, 2023 4:54am Mar 17, 2023 4:54am
Quoting niks
EURUSD 1M countertrend back to ema9, targeting ema50, manually closed just before target, no initial stop loss, was going to cost average, stop moved to BE then let it run... {image}
What sorcery is this? What was that entry based off?
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