This thread will be an attempt to show that pure price action trading can be consistently profitable and rewarding. We will only be using stochastics to keep an eye on divergence (hidden or regular) to help us decide whether to enter or exit our trades. No inidicators will be used as a primary deciding factor on trade entries. We are following a trend, entering after a substantial pullback and getting in on the break of a pinbar, break of an inside bar, or some other price action method. We will also be trading breakout setups based on momentum. I will post all winners and losers. Patience is key to this method. Most traders feel that if they are not in a trade every single day, that they are not trading. This is a counter-productive mindset. We don't get paid for the number of trades we put on, we get paid for being right. That means we may sit like a Marine recon sniper for hours or days, waiting for the right set up. That is just the nature of this business. Patience and then the mental capacity to execute the trade and to stay with it.
- #12
- Dec 26, 2011 12:08pm Dec 26, 2011 12:08pm
Thx for sharing,
loove naked charts (not only charts
What average R:R are u getting with your trades?
Do u trade eur/usd only?
P.
