Price Action Trading

[pppglowacki]

Hi everyone! I have been part of this community for a while now but decided to register an account just a few days ago. I have been reading alot on this forum, looking at what people are doing and what they are interested in. Unfortunetly i did not see a topic about Price Action Trading.

So I decided to start one.

I have been interested in the forex market for a while now. I began by taking a FX Power Course taught by FXCM, it was fun but did not learn much. From that point I decided that I should look for a piece of software which would provide me forex buy/sell signals. I found Vantage Point a few weeks later. There sample trades where impressive and the sales guy got me in. i payed the software cost...way too much for me but they promised 80% accuracy...so i fell for it. Vantage Point was interesting, it was not the best, but it was pritty good. Everyday I could see how the previous nights predictions where hit to the pip, but the problem was that the customer service was terrible. They just told me to trade the blue/black line...which did not work because I needed a 150 pips stop loss.......a 150 STOP LOSS!!! Way too much for me Also, NO ONE wanted to tell me how they use the software....like it was some big SECTRET??? I stopped using the software after a while and spend the next few months just reading about the forex market.

FX Experience

Last October, a friend from another forum redirected my attention to an online mentoring school. I checked them out, read their website information, what they offered, what they promised, and where i would be when i completed the course. I called the mentoring school, they where nice and gave me a tour of their entire website and all of their activities. I decided to join and I signed up that day without being pressured in to the sale.

It has been about 5 months now and I am in their 401 class, graduation is around the corner but I am having so much fun that I decided to just post this here if anyone is in a need of a helping hand...like i was. Their course teaches everything about the forex market, from begining to end. From the fundamentals, to developing your own personal trading strategy. The mentors are traders them selves and are just normal people...not sales representatives. They also teach the way of price action trading. I decided to join them and I have never looked back. Everything to me is real and everything is just plain fun

I am currently in the process of working on my own trading strategy and i have grown in so many ways that it is incredible. I think i will begin to post some of the trades we students make at the school on a daily basis. Im not sure how everyone likes to trade the forex market, but they teach to trade with a MAX stop loss of 25 pips....how cool is that!

Anyway, im having a blast and i will post some of the trades we are doing for you all here to look at on a daily basis

Thanks again and i hope this post is helpful to many.
pppglowacki

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PM me if you have any questions/comments, thx

[pppglowacki]

I have taken lots of trades as a student there, but I just wanted to select a few pictures and post them here with some info...let me know what you think, ok?

Here is a EU trade which was very different in many ways to me. The mentoring school taught me how to look at a bigger context and then move that though over to a shorter time frame and look for a good entry trigger.

Sell @ 1.4727
Stop @ 1.4733 (9 pip stop loss!! lol how crazy is this!)
Profit Target @ 1.4667

This was a nice trade, risk/reward was around 1:6

[pppglowacki]

Here is a recent trade that i made based on the trading rules i learned. This was a nice barrier buy entry and I remember waiting for this one late at night

Buy @ 1.9844
Stop @ 1.9821 (Stop loss is 28 pips) ... max is supposed to be 25 but i could not help my self
Profit Target @ 1.9899.

A cool risk/reward of 1:2

By the way....we only trade the EUR/USD and the GBP/USD pairs while at the school. Once we graduate, the mentors teach us how to trade the GBP/JPY and we are allowed to trade with them...sweet!

[pppglowacki]

Hi also wanted to post a loosing trade since all trades are NOT perfect. This is a sell trade I personaly made after talking with several of the students in the online forum about which way the market might go.
Of course we where wrong....but it was so much fun watching this go against me that im ready for the next trade!

Sell @ 1.9811
Stop @ 1.9831 ( 25 pips stop loss )
Profit Target @ none since i got stopped out.

This was a loosing trade...no problem. Im ready for the next one.
Thanks again...i will do my best to post as many trades as i can in the up coming days.
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PM me if you have any questions. thx

[JimmyMac]

Originally Posted by pppglowacki

Hi everyone! I have been part of this community for a while now but decided to register an account just a few days ago. I have been reading alot on this forum, looking at what people are doing and what they are interested in. Unfortunetly i did not see a topic about Price Action Trading.

I guess you haven't been looking too closely then. There's plenty of info on here relating to price action trading if you ferret around long enough

There are also an awful lot of eager, enthusiastic, inexperienced (naive?) would be FX traders frequenting this forum who just might be foolish enough to have their (greed??) appetites whetted enough to go hurling "pm's" your way begging for an introduction to those 'fun lovin' mentors.

I'm not in any way suggesting they're wolves in sheeps clothing you understand but, you have to appreciate this industry is rife with con artists dressed in all sorts of weird & wonderful clothing.

If this gig is genuine & above board then fantastic for you!! & if it does what it say's on the tin then I'm sure their reputation will stand them in good stead.

To offer a bit more flavor of exactly what it is they offer to potential students, why don't you post up your next 6 weeks or so live calls from these characters/your training manual?

So, during the month of March & half way into April, use this thread to offer those who might warm themselves at your campfire a taster of what's on offer from your "fun school" of FX trading?

That way folks can see with their own eyes how a current student of the "school" is progressing & catch a glimpse of their operation during live market hours.

[pppglowacki]

Thanks for your comment. I understand what you are saying...agreed. Sorry about not noticing the other discussions about price action.. my fault.

I usualy try to stay up and trade around 3-4 times a week...so i will post the trades i make live here on the forum as they progress, no problem.

Thanks again
pppglowacki

[fstop645]

pppglowacki
Why have you gone through the effort to articulate such a lenghty posts???

I don't see any offers buried in your posts.....are you attempting to spark some PMs: We're all in the same FX Boat.........best of luck in your learing endeavours.

jj/.

[JimmyMac]

It's always refreshing when a genuine & honest item of trading criteria surfaces. I'm sure, if the info is as it appears, folks will receive your missives enthusiastically, & benefit from the content.

Unfortunately, sensible & workable content on public trading boards is in extremely short supply. Simple is always best where price action triggers is concerned. Most folks prefer to take the long route round the map & make life as complicated as they possibly can

Someone else tossing their simplified take on events into the ring can only improve matters I say.

Good luck & good trading to you!

[pppglowacki]

Hello fstop645, my long post was just that a post ... it was just my story..nothing more.

I dont have a need for any pm's, sorry if it came out the wrong way. I just wanted to add a new and possibly interesting thread to this forum. Hope it will work out that way

thx
pppglowacki

[pppglowacki]

Hi, well here was the entry on the EU this early morning...

Sell @ 1.5224, Stop loss is 15 pips (with spread included) or 1 pip above high.

Trade time is @ 1:30
Profit target is not yet determined.
Lets see how it will plan out...