My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

Practicing PA trading this weekend using Fx Blue - Trading Simulator v3:

Tight, side-ways, non-volatile, consolidation:

Note that I made my SL an odd number i.e. 113 and the TP 226 for a RR of 2:1. Apparently I read somewhere that using even number SL are more likely to be Stooped-out by the MMs. So, I just made under the radar with a Retrace:

OK, my Target of 226 Pips was hit...now, I will sit back and wait for hitting near support and a Price Action pattern before going long:

To trade now, with another Short trade may likely Retrace back to Bullish so near-term Supportive Zone. I will be Patient now, not Greedy and wait in order to KEEP my PIPS- which is perhaps MORE IMPORTANT than making the PIPS, which I understand is easier that sitting on your hands:

Zoomed-out Chart to place the Key SR Levels:



Zoomed-in Chart that I use - that is, I go to largest Zoomed-out level, than I Zoom-in the next level - to better watch Price Actions and my basic Indicators:

OK, I am going long now as per the confluence of my 1) Major Reversal Trend off near-term Supportive Zone; 2) my Key SR Levels; and lastly, my Price Action setup:

Zoomed-In:



Zoomed-Out

Of Note, is that I readjusted my TP from 226 to 116 so that I could get out. I thought the PA would not make my Target, but it actually went over the mark. So, I lost 100 Pips, because I did NOT wait it out, like I should have according to the International PA Professional Trader Nial Fuller. He is a Commercial Forex trader, but I only mention him is because of his invaluable FREE youtube.com Price Action videos, that really are all you need to learn his techniques, mainly based on the D1 TF. Well, here is an example of what not to do because you panic and get out too early:

OK, all done with 25 Pips, over 3 month period. However, I did not take all the trades that could have been profitable as I was mostly adjusting my Indicators, and there was a long period of consolidation, before I began trading the bearish momentum in Feb 2017:



BTW, this Fx Blue Trading Simulator v3 is a very nice utility to practice on weekends - also does statics too:

Good morning....0904 EST on Sunday here...

Well, I am going to work on back-testing Price Action strategy on the D1 TF with indicators again today - starting with EURUSD from 1/1/17 to 2/25/2017. I set my initial equity to $1000 and trading 0.03 - 0.06 lots, using my Oanda v-20 Demo account and Fx Blue Trading Simulator v3.

Zooming out showing that we are at near-term support since 3/2015. So, I think it is save to take a long position using a static SL 113 and TP 226 for a 2:1 RR:

Some nice PA setups with IBs and PBs. I have been doing some swing trading as well as positional, collecting my profits with the volatile swing market, using a RR 1:1 with TP-113 SL-113 - note the profit curve too:

EURUSD Profit 81 days with analysis:

Trades = 12
%Wins = 75%
P/L = $134
PF = 2.84 (> 1.5 to 2.0)
Peak DD = -3.3% (keep <20%)

Better than I thought.

Starting AUDUSD back-testing now with first setting up my Key SR Levels, looking for Trend and PA setup on D1 TF:

I hit my first T...now I see that we may be OB now with Trend turning back:

I took a short trade at Near-Term S/R Resistance with adequate SL at 113 Pips and TP at 226 Pips as leaving the Over Bought (OB) area:

I am already at 69 Pips, close to my Target:

I closed out my Short position with Over-Sold (OS) Zone was hit and now going Long again - I did collect some Pips, as if I was Scalping on the D1 TF: