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Price action momentum trading

  • #301
  • Jan 23, 2012 7:36am Jan 23, 2012 7:36am
Quoting Shermenator
I am now reducing the risk as it seems either buyers are not interested in paying higher prices or the amount of sellers are very large enough to absorb the demand.

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Took an ok profit in this trade I know closed it...but took a nice long scalp on the eurusd and got 2 to 1 so that was nice (did not have time to post it since it was from the 1 min chart)

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  • #302
  • Jan 23, 2012 10:04am Jan 23, 2012 10:04am
Quoting Shermenator
Took an ok profit in this trade I know closed it...but took a nice long scalp on the eurusd and got 2 to 1 so that was nice (did not have time to post it since it was from the 1 min chart)

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Well done shermenator, looks like you have this method nailed. It's good to see you posting charts with your trades.

  • #303
  • Jan 23, 2012 2:15pm Jan 23, 2012 2:15pm
Currently long in this position...will let this run with a couple of alarms during the time I sleep.

Alright guys I will try and keep you posted as much as I can.

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  • #304
  • Feb 18, 2012 5:24am Feb 18, 2012 5:24am
Quoting Survivor
In a trend always look at how far the price goes after breaking previous top......
Problem with divergence is that sometimes it will last for hours. if you sell at every divergence you will be broke before price moves in your direction. If you watch PA you will ride the wave till very end and at the precise moment you will flip position to catch the reversal. Thats why i dont recommend using any indicator.
Hi Survivor,

Found your pdf , while searching for info on tick volume and price rate of change and its exactly the sort of analysis I was looking for.
Trying to apply the strategy to current EU chart, but a bit confused by the large range period in the attached chart.
If you could please clarify how to read the PA near the end of that period to avoid being stopped out by the large bullish candle '1' or the two prior bearish candles.
How do we avoid getting trapped for hours and know the range has ended.
Thanks,
EP
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  • #305
  • Edited 7:46am Feb 18, 2012 7:36am | Edited 7:46am
Quoting EaglePip
Hi Survivor,

Found your pdf , while searching for info on tick volume and price rate of change and its exactly the sort of analysis I was looking for.
Trying to apply the strategy to current EU chart, but a bit confused by the large range period in the attached chart.
If you could please clarify how to read the PA near the end of that period to avoid being stopped out by the large bullish candle '1' or the two prior bearish candles.
How do we avoid getting trapped for hours and know the range has ended.
Thanks,
EP

Hi! if you are already in that trade I would suggest a larger SL
and your box seems a little bit off to me,
I would have the bottom on the wicks of the previous high,
thoughts anyone? this is how I trade
I think the best location for a SL is just below the previous low
that would have saved you, and that means price must first go through minor support to get you,
you know when the range has ended after it brakes out,
after a bullish impulse move like that, price allmost allways congests going sideways,
by knowing that you could just TP and wait for a brakeout to get in again.
this is PA and how I trade but might not be a part of this strategy in that case I apologize.
Bulls are stupid Animals!especially when Im short!
  • #306
  • Feb 18, 2012 4:33pm Feb 18, 2012 4:33pm
Quoting roughtrader
Hi! if you are already in that trade I would suggest a larger SL
and your box seems a little bit off to me,
I would have the bottom on the wicks of the previous high,
......
Thanks, RT. No, was not in that trade. Lots of good tips in your reply, though. Had to read it a few times to take it all on board. I see now the importance of having the box at correct prev high/low levels.
EP
  • #307
  • Feb 19, 2012 4:17am Feb 19, 2012 4:17am
Quoting EaglePip
Thanks, RT. No, was not in that trade. Lots of good tips in your reply, though. Had to read it a few times to take it all on board. I see now the importance of having the box at correct prev high/low levels.
EP
You are welcome Eaglepip
it's the same as when you place trendlines,
allways place them at the wicks or highs and lows of the candles,
horisontal resistance and support lines should be placed the same way,
thats what the box are. one upper resistance line and one lower suppport line.
the vertical lines in the box hardly have any importance more than indicating
when a range starts and if adjusted after the brakeout when it stops.
Bulls are stupid Animals!especially when Im short!
  • #308
  • Mar 1, 2012 4:02am Mar 1, 2012 4:02am
Is anybody still using this method?
You are allowed to fall but you are imposed to get up!
  • #309
  • Mar 2, 2012 1:58am Mar 2, 2012 1:58am
Quoting Survivor
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.

No indicators. I used them and didnt like them. I find more indicators less reliable. It all becomes confusing hell.
I set my daily profit in pips if I reach on that limit then stop trading, I do not stay for more profit.

There are number of indicators but we can't trust on them. So, I also try to avoid indicators.
  • #310
  • Jan 17, 2013 6:58am Jan 17, 2013 6:58am
Sad to see this thread die.

It's funny survivor..... I trade the "dance" as well, but have always had techniques of my own that almost mirror what you describe using here. Fantastic stuff. Lots to learn here guys. Read up!
What is any ocean but a multitude of drops?
  • #311
  • Apr 6, 2013 7:30am Apr 6, 2013 7:30am
i must say that i enjoy this thread a lot, but i have yet to fully grasp the entirety of the signals. i do use my own signals though, though they are different. although i understand much said in this thread i for one would very much like it if somebody started to post examples again.
  • #312
  • Apr 6, 2013 8:22am Apr 6, 2013 8:22am
Price action trading, enter trade when momentum is just newly built and strong, not when momentum already weaken..
  • #313
  • Aug 11, 2013 8:13am Aug 11, 2013 8:13am
no more update from survivor???
  • #314
  • Aug 11, 2013 12:34pm Aug 11, 2013 12:34pm
Quoting jajano
no more update from survivor???

Is it really needed? I would say the very first post in the thread pretty much says it all. See a surge of directional movement, make sure it continues, join. And that's all there is to it.
  • #315
  • Sep 1, 2013 8:34am Sep 1, 2013 8:34am
Does Survivor finally publish a complete manual on his PA Momentum trading?
I am very new in forex and after studying several strategies, I have found PA the most appealing one. I would appreciate such a manual very much.
  • #316
  • Sep 4, 2013 4:49am Sep 4, 2013 4:49am
Hi all,

Really nice to see this thread still "surviving" (like me!) after i almost stopped posting.

As someone pointed out, i have already said all there is too this system. No matter how hard we try it is difficult to keep things simple. That's the hard part. Why we have to start and keep tweaking everything? It starts like this- Oh this was perfect setup and yet it stopped out. Why? lets analyze. Eureka!! It was RSI! lets implement RSI into it... Then we know what happens...

Here is a sincere suggestion- understand the core of the system. Then DONT over-trade. wait for the very best setups. That's the best indicator- patient to wait. With patient and experience your losing trades will be fewer and fewer.

But i am digressing. Am really happy to see people benefiting from my sharing ideas. Please keep posting if possible. I will try and participate wherever possible.

Thanks everyone
Making money is easy- Just dont take losing trades
  • #317
  • Sep 5, 2013 9:05pm Sep 5, 2013 9:05pm
Quoting robby2007
Are this trades correct buddy? {image} {image}
I know I am commenting a rather old post, but my question is quite simple (It's indeed a newbie's question): When all you guys post those graphs, how I know where were your entry and exit points?. I would expect vertical lines or arrows explicitly indicating it. Horizontal lines, labeled "sell" in your post, does not add much for knowing the exact time of entry or exit.

Thanks.
  • #318
  • Sep 6, 2013 6:37am Sep 6, 2013 6:37am
Quoting carlonees
{quote} I know I am commenting a rather old post, but my question is quite simple (It's indeed a newbie's question): When all you guys post those graphs, how I know where were your entry and exit points?. I would expect vertical lines or arrows explicitly indicating it. Horizontal lines, labeled "sell" in your post, does not add much for knowing the exact time of entry or exit. Thanks.
Dear carlonees,

I agree it is confusing. I general, when a horizontal line is shown, you Buy when price goes above it and sell when it goes below it.

However, i would advise that you completely ignore any charts that are not clear to you. There is too much stuff in this forum to waste your valuable time on charts that are not clear to you.

Cheers.
Making money is easy- Just dont take losing trades
  • #319
  • Jan 21, 2014 8:44am Jan 21, 2014 8:44am
Hey Survivor !
I really like the idea of trading in this thread!
It gives me a new point of view .
and I can use it while I trade the dance/ choros ..
You´re absolutely right to find the direction of the trend/trade in the size of the candles ..
nice ..
Risiko birgt immer auch die Chance.
  • #320
  • Feb 19, 2014 10:23am Feb 19, 2014 10:23am
I find this style of trading very similar to how I try to scalp some beer money from the market.

Just to note, I don't use any fixed R:R ratio, and I place my SL where once price reaches, I'm dead wrong. As for TP, my thought is why take 20 when the market is offering more? I actually look for signs of slowing momentum before I exit. I also "walk" my Sl behind each "momentum" candle. Once that candle is taken out, momentum has slowed and time to get out.

A before and during....

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