ElectroFX Pure Price Action Trading

I only made 6.5 % for the week on my live account, but i am happy i made that.:35:

Hello Kummi90, this reply is probably too late, but hope itā€™ll help. Why not try to set a mental stop loss and exit when the candlestick actually closes on that specific number? If you have time to monitor your trades actively, this is a much better way to manage trades and donā€™t get stopped out too frequently.

Timeframe: Daily

AUD/NZD is trading within a tight range, and has hit a strong support level. I will be looking to take it LONG.

goudvis nog steeds 20% ++ per week???

Sorry I canā€™t maintain all of these threads and my website at the same time but I do try and check in here whenever I think about it :slight_smile:

Never too late to learn and absorb viewpoints! Iā€™d consider a mental stoploss perhaps a more advanced technique, as it may lead to several pitfalls! But then again, the closing of a candle might be a better approach. Thanks for input!

Throughout this past year I have been slowly mastering the use of the tick chart for fine tuning entries in to trades I would be taking regardless. This fine tuning allows for smaller Stop Loss and even better Risk:Reward. For those who have understood my trading style I have started posting these trades here:

http://www.pinterest.com/electrofx/trades-taught-at-electrofxcom/

I have been adding 2-3 per day and will do so up to 100 :slight_smile:

a HAPPY NEW YEAR to Forex-TSD and all of its members :slight_smile:

thx,very clear!

Still on my 100 trade posting plan ā€¦ currently at 58 :slight_smile:

http://www.pinterest.com/electrofx/trades-taught-at-electrofxcom/

Made it to 77 tradesā€¦ 23 to go to hit my 100 and may even keep going after thatā€¦ getting fast and easy to post these pics

https://www.pinterest.com/electrofx/trades-taught-at-electrofxcom/

If the market flows well I should hit the 100 next week

https://www.pinterest.com/electrofx/trades-taught-at-electrofxcom/

the tale of 100 trades ended up being 101 ā€¦ for now

https://www.pinterest.com/electrofx/trades-taught-at-electrofxcom/

Great thread about PA and I am hooked.
To get the type of charts that is posted here, I believe that I need to be a paying member to get the indicators and EAs
No worries on that. I was going to buy the course, but then noticed that some are talking about M3, M6ā€¦etc. type of charts and it looks like we need to go down to 3 minute and 6 minute charts for entries.
Is this correct? With a full time job, I have no way of going down m3 or m6 charts to get into trades.

I do personally go right down to the 30 second chart for entries but this is not a requirement no, I have slowly built up to being able to do that after years of experience and because I have the time to do so. There are 2 sections of my video course that concentrate on much longer term trading and only 1 section that focuses on this high speed edition.

Hi Theo,

I have been following this thread for sometime, trying to learn everything you teach about price action. I am still a demo trader now. Iā€™m trying to use your pending orders, but I canā€™t put the lines for BSL and BTP, or SSL and STP. The pbuy and psell work just fine. Thanks.

OK, so I am taking this to 200 tradesā€¦ currently at 129
https://www.pinterest.com/electrofx/trades-taught-at-electrofxcom/

Hi hashirama30ā€¦ the bsl ssl stp etc are part of the Trade Manager EA which is a VIP membership tool.

The free tool I provide with free membership is for pbuy with xbuy ā€¦ or psell with xsell only

Thanks for that. So this is the reason why. I really admire how you present your trade ideas live in your videos. I love price action from the start, but Iā€™m still struggling. I will try to see how much is the smallest amount for your membership.

EFXPA:

Been trading for a while but have not been profitable. I like your appraoch to PA and the website is top notch. lots of valuable information there.

Can any electro fx member direct me to the location of your myfxbook ? I am interested to see any multi-year return on equity or pip results.