priceaction1 journal

I tried following similar trades yesterday with Eur Aud the way as demonstrated on this thread, seemed to have worked luckily.

Hi guys!! I don't know if you notice this setup:

Hi Priceaction1,

I have followed your posts religiously through the year without being a FF Member and I am so elated to have found this Journal and love your trading style. I have a request for you, or other members who are as qualified as you are to action the request I am going to make. This will benefit all the new and less experienced traders like myself.

If you could build a trading routine which includes your daily analysis, that a new and less experienced trader could follow. Summarized in steps, including what to look for, what is a valid price action signal etc, this may include use of some primary indicators to validate the setup until we are able to trade off naked charts like you, and then of course your money management, R:R ratio, trade management style. I think you have a major fan base now and if you do this senior followers of your posts could validate setups based on your set of rules.

I know, you have made your own strategy using the teachings of the great FTI, but a humble request is to put a set of rules, (not rigidity) but a way we could develop the vision and organically connect to the market like you do.

Thanks

1. I am still learning.
2. still not full time trader
3. have a full time job
4. What I come to know that don't use indicator for decision making i.e entry/exit.
5. but there is no harem to use indicator like stoch,ATR, CCI. to determine the set up.
6. Market is live and adopt new habits that's why EA are failed with passage of time.
7. The old charts are only historical foot print of price.
8.price can move any direction due to any fact.
9. One can not control the facts/events.
10. so only good MM is the key.
11. proper lot size and timing is the key of success.
12. for me fti teaching and reading of first 200 pages of his thread is the first foot step toward the trading success.

though I will try to post what I think bout market.

read this post http://www.forexfactory.com/showthre...65#post1879465
totally different concept.

good hunter/trader

https://www.facebook.com/NationalTur...78522/?fref=nf

How much it can go down?

"11. proper lot size and timing is the key of success."
absolutely!

I learned lot of things from your thread and " FTI Teaching (Updated) (1).doc "

wish you a happy new year with green pips!

The only way to manage a win and a loss position is by size snowballing.
There is no other way. One increases the profitabilty bottom line and the other a recovery protocol. The MO you will find in Art of War.
This is a capital game, therefore no alternative are possible.
Its the, I have a bigger one competition.
The the relativity of the size snowball is important that over-extension in % counts can kill the biggest fish in the water.

Although we can use MM strategies, we still need to be able to peg that to the mode of the prices we are attempting it in.
During High volitility sequences the MO would defer from low volitility sequenses.
This is where the trickiness exist, because your ability to use it effectively will determine the the extent of the effeciency, and this reflects the bottom line.
So in this context, there is no compromise for experience in safely executing it and trader mindset robustness.

regards

​thanks to stake

1. Markets - What to buy or sell
2. Position Sizing - How much to buy or sell
3. Entries - When to buy or sell
4. Stops - When to get out of a losing position
5. Exits - When to get out of a winning position
6. Tactics - How to buy or sell

​

thanks to misspips
mofu
Mofu refers to a zone around the 50% retrace of a move (plus or minus 5.9%) where price gets 'stuck' and traders get chopped up as big players reload before continuing the move in the original direction The basic idea is that you are looking for new swings by watching for the first lower low or higher high, and then watching to see if you go above the mofo zone of the swing (from that lower low to the previous high, or vice versa) and cross it to the downside (or to the upside if it was a higher high) and make a new first lower high. Then you can expect price to go at least to 150% of the fib and probably 200

learning Ichimoku

so you deiced to get some cloth, no naked trading!!! i.e simple charts.

can be test before JAN16

I am sitting aside until January so I had nothing to do with trading so Thought I should keep learning.If you don't recommend then I leave it.

But i wanna enhance my knowledge in free days.I have to look for something else in form of book or video tutorials.

go ahead for simpe chart trading one have to under stand the different methods, even strong deep under standing of EW wave is required.

Anylink EW theory book?

go for free download!!!!

http://www.4shared.com/get/t4Iyv8l-/...sterworks.html

dow theory

http:// down.cenet.org.cn/upfile/10/200882105839113.pdf