Excellent, thanks for your speedy reply raz
Pete
Pete
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DislikedI'm a huge fan of price action strategies. Just read through the first 16 pages before skipping to this page
Excited to give this strategy a try and add to my arsenal, definitely looks like a legitimate and logical one.
Though are you folks mainly on skype now or is there still some trade updates here?
Thanks Raz for starting this enlightening thread!Ignored
DislikedMaybe it was not a "classical" trap (1.33167/1.32954), but I entered at 1.33181. So far I'm 10 pips up.Ignored
DislikedMaybe it was not a "classical" trap (1.33167/1.32954), but I entered at 1.33181. So far I'm 10 pips up.Ignored
DislikedThe price started ranging, exited with +13 pips. Better than nothing!Ignored
DislikedMaybe it doesn't look so great right now, but at the moment it looked OK. The price had been rejected once on the top and twice at the bottom with a "V" form.
As to my exit - I said before and I'm saying again: I'm not going to follow bluntly the rule that the price must hit either TP or SL. I trade with real money, and if I see that the price going against me, I'd better exit with a small profit (and maybe enter again later) than lose money just in order to say proudly that I follow the rules.Ignored
Dislikedno 'v' formation at bottom , difference (gap) in price at bottom. so not perfect 'v'. hence i didnt take trade..Ignored
Dislikedno 'v' formation at bottom , difference (gap) in price at bottom. so not perfect 'v'. hence i didnt take trade..Ignored
Dislikedand because its not a perfect 'v', as you can see the trade did not work out...Ignored
DislikedYou must be kidding...
Maybe in theory, but not in real life.
But that's OK, it is IMHO. You wait for a perfect "V", I prefer just to make money.Ignored