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priceaction1 journal

  • #1,141
  • Apr 10, 2015 5:02am Apr 10, 2015 5:02am
Channels = Weak Trend
A Channel is a hybrid between
Spike (Strong Trend) and a Trading Range
don't predict direction, but dance with flow of water
  • #1,142
  • Apr 10, 2015 5:03am Apr 10, 2015 5:03am
Channels = Weak Trend
Channels can be:
y Strong (Tight) and behave more like a Spike
y Weak (Big Swings) and behave more like a Trading Range
Both are trends, but weaker than the Spike Phase
don't predict direction, but dance with flow of water
  • #1,143
  • Apr 10, 2015 5:04am Apr 10, 2015 5:04am
Channels = Weak Trend
Strong Channel
y Steep and tight
y Behaves more like a Spike
y Spike on a Higher Time Frame
y Trade in the direction of the trend
don't predict direction, but dance with flow of water
  • #1,144
  • Apr 10, 2015 5:05am Apr 10, 2015 5:05am
Channels = Weak Trend
Weak Channel
y Lots of swings, like a Wedge or a Stairs Pattern
y Behaves more like a Trading Range
y Trade in both directions
don't predict direction, but dance with flow of water
  • #1,145
  • Apr 10, 2015 5:06am Apr 10, 2015 5:06am
Enter With Stops or Limit Orders?
y Buying on a Stop = Buying a Breakout
y Every Tail = Failed Breakout
y If most bars have tails and overlap prior bar too much,
then most breakouts will fail
y Tails = Better to bet on failed breakouts
y enter with limit orders (Buy below, Sell above)
don't predict direction, but dance with flow of water
  • #1,146
  • Apr 10, 2015 5:07am Apr 10, 2015 5:07am
Edges are Fleeting and Small
This is a zero sum game and you are trying to take
money from very smart people, who are trying very
hard to take money from you.
All trading is subjective and hard.
don't predict direction, but dance with flow of water
  • #1,147
  • Apr 10, 2015 5:18am Apr 10, 2015 5:18am
market at very volatile point trade with caution, some time no position is also a position a spike of 70-100 pips in no time can be seen in either direction any time in coming days. the low is just 100 point away, lot of stops/sitting ducks are below that point. so a stop hunting is possible. I am just and trade only mini lot with stop loss. though play with demo freely.
don't predict direction, but dance with flow of water
  • #1,148
  • Apr 10, 2015 5:21am Apr 10, 2015 5:21am
Edges are Fleeting and Small
This is a zero sum game and you are trying to take
money from very smart people, who are trying very
hard to take money from you.
All trading is subjective and hard.
don't predict direction, but dance with flow of water
  • #1,149
  • Apr 10, 2015 5:22am Apr 10, 2015 5:22am
MARKET INERTIA
y Always bet that the market will continue to do what it
has been doing
y When the market is Trending, 80% of attempts to
reverse will fail (so trade in the direction of the trend)
y When the market is in a Trading Range, 80% of
attempts to breakout into a trend will fail (so trade in
the opposite direction of the incipient trend)
don't predict direction, but dance with flow of water
  • #1,150
  • Apr 10, 2015 5:55am Apr 10, 2015 5:55am
why i am long

if set up . if price move below these spikes I will be stop out.
Attached Image (click to enlarge)
Click to Enlarge Name: if set up.png Size: 25 KB
don't predict direction, but dance with flow of water
  • #1,151
  • Apr 10, 2015 6:29am Apr 10, 2015 6:29am


https://charts.mql5.com/7/510/eurusd...ancial-pty.png
don't predict direction, but dance with flow of water
  • #1,152
  • Apr 10, 2015 6:41am Apr 10, 2015 6:41am
stop move to 1.0590 on live account too.
don't predict direction, but dance with flow of water
  • #1,153
  • Apr 10, 2015 7:29am Apr 10, 2015 7:29am
on live account 9000%!!!!!! is it possible?

if some one think that 6000% is only possible on demo than re think about it. I have a one of small live account which was not traded some time. within three days with full leverage of 1:800 it turn to 9000% profit. though it was small but now it is has good health
Attached Image (click to enlarge)
Click to Enlarge Name: 9000.png Size: 9 KB
don't predict direction, but dance with flow of water
  • #1,154
  • Apr 10, 2015 8:13am Apr 10, 2015 8:13am
my entry was around 1.0585 and stop @1.0590 so it is free trade for me but if some one enter at high level plz use your MM to avoide loss!!!!! it is counter trend trade main trend is bearish so it can be come any time
don't predict direction, but dance with flow of water
  • #1,155
  • Apr 10, 2015 8:26am Apr 10, 2015 8:26am
Quoting priceaction1
on live account 9000%!!!!!! is it possible? if some one think that 6000% is only possible on demo than re think about it. I have a one of small live account which was not traded some time. within three days with full leverage of 1:800 it turn to 9000% profit. though it was small but now it is has good health {image}
9000% on three days? Wow, on less than 30 trades, if your account was a 100$ account, now it has 9000$ lol
  • #1,156
  • Apr 10, 2015 8:37am Apr 10, 2015 8:37am
Quoting priceaction1
my entry was around 1.0585 and stop @1.0590 so it is free trade for me but if some one enter at high level plz use your MM to avoide loss!!!!! it is counter trend trade main trend is bearish so it can be come any time
I like Traders who doesn't fall in Love with their positions
Depict history, predict future, and the area in between ...
  • #1,157
  • Apr 10, 2015 8:42am Apr 10, 2015 8:42am
Quoting Unabomber92
{quote} 9000% on three days? Wow, on less than 30 trades, if your account was a 100$ account, now it has 9000$ lol
no it was less than this!!! but in forex everything is possible .
don't predict direction, but dance with flow of water
  • #1,158
  • Apr 10, 2015 8:50am Apr 10, 2015 8:50am
Quoting priceaction1
{quote} no it was less than this!!! but in forex everything is possible .
Well, that's true, I've been reading this thread a bit, I see you started with demo, and on some posts you say your % of good trades is higher than 95%, I guess now you are with a real account. Will you still trading with this 9000% account?
  • #1,159
  • Apr 10, 2015 9:27am Apr 10, 2015 9:27am
miss try

Inserted Video
don't predict direction, but dance with flow of water
  • #1,160
  • Apr 10, 2015 9:39am Apr 10, 2015 9:39am
bitch, she just kiss my stop loss.
don't predict direction, but dance with flow of water
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