Price action trader wanting to turning pro | Forex Factory

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Price action trader wanting to turning pro

  • #1
  • First Post: Edited Mar 12, 2011 8:03am Nov 19, 2010 3:16pm | Edited Mar 12, 2011 8:03am
The purpose of this thread is for better record keeping and to track my growth as a trader and also to receive advice from seasoned traders.

I have been trading for 7 years, and I have experience but the market is a tough place to work.

To be honest with you I tried a lot of strategies in the past and most of them did not fit my personality or did not work. Or at the time I did not have enough experience to be successful with them. I would say I'm a decent trader but I want to be a pro.

The way I really trade starts on page 6. I have learned a lot from a lot of people here on forexfactory. I am more successful than I have ever been in my career as a trader. I still have a lot of work to do.
  • #2
  • Nov 19, 2010 3:20pm Nov 19, 2010 3:20pm
Do it JJ!
  • #3
  • Nov 19, 2010 5:45pm Nov 19, 2010 5:45pm
Hi JJ,

I would like to learn more about the price action you are trading.. I am very interested in anything none lagging and price action seems to be that way.

if you could kindly guide me to some of the profitable trading methods you use I would be very grateful..

I am already familiar candles and patterns etc but would like to learn more advanced and also tried and true methods.

Thank you!
  • #4
  • Edited Nov 20, 2010 1:53am Nov 19, 2010 7:21pm | Edited Nov 20, 2010 1:53am
Its good to start a thread for your personal use and review.

These days I've been slow down a bit but to read more rather than trading. My journal so far is very meaningful for me as there were some big guys around to let me know more knowledges. I find I can read the market more consciously rather than blindly jump in the market. Well still learning but I am sure I have a step further.

All the best.
Eric

PS - I like the way you people call me City, which makes me feel Sho is always around.
  • #5
  • Nov 20, 2010 1:42am Nov 20, 2010 1:42am
Good luck jj!

I came to shos party a little late, but as iv gone through the thread your trade examples has helped me imprint a lot of the ideas sho have teached us. I'll definitely be following
  • #6
  • Nov 20, 2010 8:18am Nov 20, 2010 8:18am
You guys are so kind and storeball you are a very fast learner I am very impressed with you
  • #7
  • Nov 21, 2010 1:18am Nov 21, 2010 1:18am
Quoting jj7000
The purpose of this thread is for better record keeping and to track my growth as a trader and also to receive advice from seasoned traders.

I have been trading for 6 years, and I have experience but the market is a tough place to work.
I have learned a lot from traders here, a special recognition to sho, buildcity,rob, kurt, and all who were with sho from the beginning. I have been trading that style for 6 months with them.

To be honest with you I tried a lot of strategies in the past and most of them did not fit my personality or did not work....
Hello buddy
hope you are ok...
nice to see you have started a journal...
all the best from bottom of my heart!!
will visit sometime to see your work...
Regards
sho
  • #8
  • Nov 21, 2010 12:10pm Nov 21, 2010 12:10pm
Quoting trade price
Hello buddy
hope you are ok...
nice to see you have started a journal...
all the best from bottom of my heart!!
will visit sometime to see your work...
Regards
sho

Thanks Sho, you are too kind, I have learned so much from you. I told my family how much you helped me with your knowledge
  • #9
  • Edited Nov 22, 2010 6:38am Nov 21, 2010 5:41pm | Edited Nov 22, 2010 6:38am
This is a setup I am currently in, i see a IB and previous bar rejected off keltner line then a pin in direction of trend and a corrective wave, so I got in when I felt it was time for the impulsive. Also it did not test previous bar low, so P.A is telling me price wants to continue climb.

My risk was really low 8 pip s/l

out at +3 , I was trying to get at least 10 out of the move


I accidentally had my chart on wrong TF and ended up exiting when I normally would not have , my target was hit

This was NZD/USD pair
Attached Image (click to enlarge)
Click to Enlarge Name: another_trade_24_001_001.png Size: 74 KB
  • #10
  • Nov 22, 2010 1:40am Nov 22, 2010 1:40am
It is good to see you in your own thread.

Best of luck mate.

The pips will follow you.

  • #11
  • Nov 22, 2010 4:19am Nov 22, 2010 4:19am
I will keep my eye on your journal.

Good luck to you

Regards
  • #12
  • Edited 6:38am Nov 22, 2010 5:25am | Edited 6:38am
Trade I'm currently in , I tried to get in when I believed the impulsive wave was going to begin after the retracement.

Result B/E

USD/CAD
Attached Image (click to enlarge)
Click to Enlarge Name: another_trade_25_001_001.png Size: 54 KB
  • #13
  • Nov 22, 2010 6:28am Nov 22, 2010 6:28am
Quoting jj7000
Trade I'm currently in , I tried to get in when I believed the impulsive wave was going to begin after the retracement.

Result B/E
JJ, if you can, put up the pair name or take the image together with the pair name, its easier for you to review.
  • #14
  • Nov 22, 2010 6:36am Nov 22, 2010 6:36am
Quoting Buildcity
JJ, if you can, put up the pair name or take the image together with the pair name, its easier for you to review.

Thanks City, will do, I didn't realize it wasn't showing.
  • #15
  • Nov 22, 2010 6:48am Nov 22, 2010 6:48am
Entered a short EUR/USD at price 1.3638, I was waiting to ride on impulsive wave but price was stalling so I exited with a 1 pip gain.. I was in for about 30 min.
  • #16
  • Nov 26, 2010 6:25am Nov 26, 2010 6:25am
Here is a trade I'm currently in . GBP/USD short. We have a pullback with price rejecting keltner line, I entered at the close of the previos bar because price seemed to not want to go any higher and that I am waiting for the impulsive move is about to begin in the direction of trend. We shall see.


Update out at +8 pips
Attached Image (click to enlarge)
Click to Enlarge Name: another_trade_26_001_001.png Size: 83 KB
  • #17
  • Nov 26, 2010 6:42am Nov 26, 2010 6:42am
Quoting jj7000
Here is a trade I'm currently in . GBP/USD short. We have a pullback with price rejecting keltner line, I entered at the close of the previos bar because price seemed to not want to go any higher and that I am waiting for the impulsive move is about to begin in the direction of trend. We shall see.


Update out at +8 pips
Identical trade there, only difference i got out at be
  • #18
  • Nov 26, 2010 10:43am Nov 26, 2010 10:43am
Quoting Storeball
Identical trade there, only difference i got out at be

Good job storeball, it's better to have a b/e than a loss. I was watching speed of price and I didn't like it so I got out , I was up 9 pips then it dropped to 8 so I manually exited
  • #19
  • Nov 29, 2010 5:46pm Nov 29, 2010 5:46pm
Two B/E trades when I was at work. EUR/USD (S) USD/JPY (L). No losses !
protected capital
  • #20
  • Dec 1, 2010 10:41pm Dec 1, 2010 10:41pm
Very quiet here.

Hope you are well and did not lose faith.

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