I am far from a Readthemarket expert, but I find that a framework where this PriceAction is embedded in, increases the chance of a successful setup. We all try to learn from the best. So here is a 3 times Number 1 ranked FTMO trader in a row who has a special setup around his Price Action trading. I find it worth to be added here.
This works good, I have tested it on my own, and Sharpe 2 is easily possible. You can do your own testing here as it is easy to setup. Just look at the charts on the video below to get an idea which indicators are used. Basically here intermarket correlation from T-Bonds, Gold, and DXY, second some seasonal forecasting (also Larry Williams do this a lot in his trading) and third a COT based sentiment indicator + Price Action setup for the exact points when to enter and exit. This trader also was recently very profitable with it. This kind of trading setup works (and must work to some extent). You can do your own finetuning here. I am not for his courses as you can easily do your own testing here, it is pretty easy to backtest on your own. You only need to watch the videos once, this is enough. Works especially on S&P Futures and Nasdaq Futures. And other instruments I have some doubts. If you know when to go long or short any PriceAction comes a lot easier for trading. But see yourself.
https://www.youtube.com/watch?v=PpKz1QQEK9o
https://www.youtube.com/watch?v=8kzq8QmkTPQ&t=8s
This works good, I have tested it on my own, and Sharpe 2 is easily possible. You can do your own testing here as it is easy to setup. Just look at the charts on the video below to get an idea which indicators are used. Basically here intermarket correlation from T-Bonds, Gold, and DXY, second some seasonal forecasting (also Larry Williams do this a lot in his trading) and third a COT based sentiment indicator + Price Action setup for the exact points when to enter and exit. This trader also was recently very profitable with it. This kind of trading setup works (and must work to some extent). You can do your own finetuning here. I am not for his courses as you can easily do your own testing here, it is pretty easy to backtest on your own. You only need to watch the videos once, this is enough. Works especially on S&P Futures and Nasdaq Futures. And other instruments I have some doubts. If you know when to go long or short any PriceAction comes a lot easier for trading. But see yourself.
https://www.youtube.com/watch?v=PpKz1QQEK9o
https://www.youtube.com/watch?v=8kzq8QmkTPQ&t=8s
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