priceaction1 journal

mail me @ [email protected]

for me short for euro. S/L 1.2500-30 area.
https://charts.mql5.com/6/214/eurusd...estment-uk.png

[quote=priceaction1;7868369]for me short for euro. {image}

The reason you take this short trade from my understanding is as below, what else do you take into consideration to take this trade?
This trade should be a swing trade or just a scalping?
And for scalping, what time frames do you look at ?
for Swing trade, what time frames?

Thanks!

Add some more at smae level now close of this 4H chart will clear the things a bit. close bellow the line is good for my short..

https://charts.mql5.com/6/221/eurusd...estment-uk.png

@ shepherdl that is what I was looking for now one can book profit. but i will hang on.

https://charts.mql5.com/6/225/eurusd...estment-uk.png

500% till now with out any 1 losing trade/pip. this is pure price action.

So, sir, to take this trade, you only look at this 1h time frame.
And draw the horizontal resistance and support and trendline, combined with candlestick formation/pattern, you take the trade...

yes. the price action at "NOW" is the key. I come down to see 1M chart, even tick chart at netdina to enter the trade.

you can also short euro at this level i.e 1.2422-26 area with stop at 1.2432.

did you got 10 easy pips

I must say thank you to whom it may concern for these 10 pips wow what a move after that not enter though!

[quote=priceaction1;7872202]I must say thank you to whom it may concern for these 10 pips wow what a move after that not enter though![/quotei

See the spike of gold and silver...

yes it was so fast though.

awesome buddy! seems like everyone has found their own strategy that works for them. I've found mine too. hope you'll be a successful trader..

*pssst, I've subscribed to this thread too, don't tell anyone

Nice journal you got here, following with interest, keep it up

All the best

a truth about Forex trading. NO HG is exist

extract from 'trading price action trends' BY AL BROOKS.


If you think about it, trading is a zero-sum game and it is impossible to have a zero-sum game where rules
consistently work. If they worked, everyone would use them and then there would be no one on the other side of
the trade. Therefore, the trade could not exist. Guidelines are very helpful but reliable rules cannot exist, and this
usually very troubling to a trader starting out who wants to believe that trading is a game that can be very
profitable if only you can come up with just the right set of rules. All rules work some of the time, and usually just
enough to fool you into believing that you just need to tweak them a little to get them to work all of the
thme. You are trying to create a trading god who will protect you, but you are fooling yourself and looking for an
easy solution to a game where only hard solutions work. You are competing against the smartest people in the
world, and if you are smart enough to come up with a foolproof rule set, so are they, and then everyone is faced
the zero-sum game dilemma. You cannot make money trading unless you are flexible, because you need to go
where the market is going, and the market is extremely flexible. It can bend in every direction and for much longer
than most would ever imagine. It can also reverse repeatedly every few bars for a long, long time. Finally, it can
and will do everything in between. Never get upset by this, and just accept it as reality and admire it as part of the
beauty of the game.

more to come.

start trading. stop searching.

Ninety percent or more of all trading in large markets is done by institutions, which means that the market is simply a collection of institutions.
Almost all are profitable over time, and the few that are not soon go out of business. Since institutions are profitable and they are the market, every
trade that you take has a profitable trader (a part of the collection of institutions) taking the other side of your trade. No trade can take place without
one institution willing to take one side and another willing to take the other. The small-volume trades made by individuals can only take place if an
institution is willing to take the same trade. I f you want to buy at a certain price, the market will not get to that price unless one or more institutions
also want to buy at that price. You cannot sell at any price unless one or more institutions are willing to sell there, because the market can only go to
a price where there are institutions willing to buy and others willing to sell. I f the Emini is at 1,264 and you are long with a protective sell stop at
1,262, your stop cannot get hit unless there is an institution who is also willing to sell at 1,262. This is true for virtually all trades.
I f you trade 200 Emini contracts, then you are trading institutional volume and are effectively an institution, and you will sometimes be able to
move the market a tick or two. Most individual traders, however, have no ability to move the market, no matter how stupidly they are willing to trade.
The market will not run your stops. The market might test the price where your protective stop is, but it has nothing to do with your stop. I t will only
test that price if one or more institutions believe that it is financially sound to sell there and other institutions believe that it is profitable to buy there.
At every tick, there are institutions buying and other institutions selling, and all have proven systems that will make money by placing those trades.
You should always be trading in the direction of the majority of institutional dollars because they control where the market is heading.

no logic at all.



. Don't think too hard about it. I f the market is going up, institutions are buying constantly, even at times when you think that you
should stop yourself out of your long with a loss. Your job is to follow their behavior and not use too much logic to deny what is happening right in
front of you. I t does not matter if it seems counterintuitive. All that matters is that the market is going up and therefore institutions are predominantly
buying and so should you.

The goal for most traders is to maximize trading profits through a style that is compatible with their personalities. Without that compatibility, I
believe that it is virtually impossible to trade profitably for the long term. Many traders wonder how long it will take them to be successful and are
willing to lose money for some period of time, even a few years. However, it took me over 10 years to be able to trade successfully. Each of us has
many considerations and distractions, so the time will vary, but a trader has to work though most obstacles before becoming consistently profitable.