Price action momentum trading | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price Will Tell - Supply/Demand Price Action Trading 1,858 replies

momentum and price action (not naked charts) 16 replies

Time action momentum trading 90%+ accuracy 0 replies

Price Action Momentum: Recognize it, Join it, & Profiting from it 58 replies

Attachments: Price action momentum trading
Exit Attachments

Price action momentum trading

  • #41
  • Aug 3, 2011 2:38pm Aug 3, 2011 2:38pm
Quoting iero4
Survivor

It is kind of unbeliavable! I use exactlly the same strategy for my entries and along with Dance/Choros strategy I have been growing my live account like hell .

I actually use this approach (mostly at lower timeframes) when I realize that I have missed the best entry point according to choros/dance. I haven't posted any of these trades to the choros thread because it would be out of topic and it would conflict unexperienced people.

I repeat...this is a very accurate approach and for those who use Choros/Dance strategy, when...
You smart guy, you :nerd:
I've been trying to get the grip to al this that Survivor is posting, but the pattern or something is hiding from me... I might have to read further examples, but I think it will be a great complement for Choros... and for what I've seen you do really well at Choros...
I don't think Survivor would mind if you contribute with some examples too...
Flp. 4:13
  • #42
  • Aug 3, 2011 2:58pm Aug 3, 2011 2:58pm
Good luck, I am following.
  • #43
  • Aug 3, 2011 6:47pm Aug 3, 2011 6:47pm
Good stuff. Subscribed. Thnx for sharing.
  • #44
  • Aug 3, 2011 7:17pm Aug 3, 2011 7:17pm
Quoting Konata
Hie.

Was hoping that I got this right as well.

Please correct me if I'm wrong.

Please and thanks

http://my.jetscreenshot.com/demo/201...ml8y-166kb.jpg
Thanks for sharing you example!
According my understanding of the manual, we require large bullish/ bearish “momentum” bars. So on your chart the winning is not very obvious.
Dancing with Candlesticks
  • #45
  • Aug 3, 2011 10:53pm Aug 3, 2011 10:53pm
Survivor,

Can you please help me to understand your first post example. Please see the attached picture.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: EU 15M2.JPG Size: 105 KB
  • #46
  • Aug 4, 2011 1:49am Aug 4, 2011 1:49am
Quoting 786 trading
Survivor,

Can you please help me to understand your first post example. Please see the attached picture.

Thanks
You see failure because the blue candle did not make a lower low (did not pass the red candle's low) and you enter long there when the privious candle's (red) high has been passed. It is all about price momentum.

The same with your second question. I hope this helps. I am working at the moment so excuse me for the fast answer...
You are allowed to fall but you are imposed to get up!
  • #47
  • Aug 4, 2011 2:37am Aug 4, 2011 2:37am
I have to say you are not a Survivor. You are a Savior. I took ages looked and looked again, but as I read your charts, an "Aha moment" just appear, the world is never be the same again in one moment.
  • #48
  • Aug 4, 2011 3:06am Aug 4, 2011 3:06am
Thank you Survivor. I used to use the Choros system, but never got 100% to grips with it. I recently realised that PA trading is the only safe way to trade. Your explaination and diagrams are really helping me....I am a follower :-)

GG
Now trading live
  • #49
  • Aug 4, 2011 3:14am Aug 4, 2011 3:14am
can u post more example of your live trading?

Maybe some picture will be help
  • #50
  • Aug 4, 2011 3:34am Aug 4, 2011 3:34am
This is what Survivor is talking about...

Attached Image (click to enlarge)
Click to Enlarge Name: Χωρίς τίτλο.jpg Size: 272 KB
You are allowed to fall but you are imposed to get up!
  • #51
  • Aug 4, 2011 4:44am Aug 4, 2011 4:44am
My understanding of this system! Please correct me if I am wrong.
But I still donot know how to set SL and TP.
Attached Image (click to enlarge)
Click to Enlarge Name: 00000001.png Size: 40 KB
Dancing with Candlesticks
  • #52
  • Aug 4, 2011 4:59am Aug 4, 2011 4:59am
Still waiting for some information on trade management/profit taking. Other than that, great method.
  • #53
  • Aug 4, 2011 7:28am Aug 4, 2011 7:28am
Quoting cav01
Still waiting for some information on trade management/profit taking. Other than that, great method.
I personally use MAs, Round numbers, classic S/R levels and pivot points for my exits and trade management. Hope this helps..
You are allowed to fall but you are imposed to get up!
  • #54
  • Aug 4, 2011 9:43am Aug 4, 2011 9:43am
Looks ridiculously simple in the most positive meaning. What I always wanted to find. I love it.
  • #55
  • Aug 4, 2011 11:27am Aug 4, 2011 11:27am
Dear Survivor

My account and I would like to thank you for my first successful day trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd15m.gif Size: 21 KB
  • #56
  • Aug 4, 2011 11:42am Aug 4, 2011 11:42am
Quoting Kelvin2005
Hi. Survivor,

Could you post a chart explaining your entry for USD/CHF 15M and your killing? Btw, do you always trade on the 15M or any other time frames?

Kelvin
I was clear in first post that this method is for any time frame. please read first post again to get your doubts cleared.

Quoting istvan
Interesting approach!
What is your exit strategy?
Thanks
No Specific exit strategy. I exit my half lot at 1*Sl so that my trade becomes free. Then i let other half run with fast trailing of tight stop. I generally let PA guide me. if i see my side winning, i stay in longer. I also take profits when i reach may daily target of 40 pips. So i exit on variety of reasons.

Quoting iForex
Good post! Waiting more chart explaining. Thanks
Thanks... I Have been busy will post soon.
Quoting peterporter
Hoping I can contribute in the future

OK so no MA's, no MACD , divergence, Fibs Pivots , You use pure naked PA and you are successful (consistently) ?
Any TF ? but I would presume the higher the more reliable yes
Just to confirm

No indicators. I used them and didnt like them. No i find more indicators less reliable. It all becomes confusing hell.
Making money is easy- Just dont take losing trades
  • #57
  • Aug 4, 2011 11:44am Aug 4, 2011 11:44am
Quoting Konata
Hie.

Was hoping that I got this right as well.

Please correct me if I'm wrong.

Please and thanks

http://my.jetscreenshot.com/demo/201...ml8y-166kb.jpg

You are doing ok but i think you are overtrading. Better to look for best opportunities and not jump at everyone.
Making money is easy- Just dont take losing trades
  • #58
  • Aug 4, 2011 11:45am Aug 4, 2011 11:45am
Quoting iero4
Survivor

It is kind of unbeliavable! I use exactlly the same strategy for my entries and along with Dance/Choros strategy I have been growing my live account like hell .

I actually use this approach (mostly at lower timeframes) when I realize that I have missed the best entry point according to choros/dance. I haven't posted any of these trades to the choros thread because it would be out of topic and it would conflict unexperienced people.

I repeat...this is a very accurate approach and for those who use Choros/Dance strategy, when...
LOL i just revealed your secret to the world Thanks for appreciation.
Making money is easy- Just dont take losing trades
  • #59
  • Aug 4, 2011 11:48am Aug 4, 2011 11:48am
Quoting K_Minos
Good luck, I am following.
Thanks

Quoting Pinhead
Good stuff. Subscribed. Thnx for sharing.
Thanks

Quoting iForex
Thanks for sharing you example!
According my understanding of the manual, we require large bullish/ bearish “momentum” bars. So on your chart the winning is not very obvious.
Thank for your reply. I didnt see it earlier and replied to the post anyway. You are very right.
Making money is easy- Just dont take losing trades
  • #60
  • Aug 4, 2011 11:49am Aug 4, 2011 11:49am
Quoting kk007
I have to say you are not a Survivor. You are a Savior. I took ages looked and looked again, but as I read your charts, an "Aha moment" just appear, the world is never be the same again in one moment.

Wow thank you KK! Thats a big honor for me.
Making money is easy- Just dont take losing trades
0 traders viewing now