Cant help but to think.
Hello, everyone!
Long time, no post here.
I have study this thread for more than an year. It is a very good point of star, but there are many more things to be learned.
I am very grateful to this thread because it gave me the momentum for learning and trading Price Action. But at some point(after 15 months for me) there is nothing more to assimilate. And as many new posters came in with many wrong and confused setups, the thread beginning to be tiring and I felt that it has no more contribution to my learning process.
After few weeks of uncertainties I have discovered the last three books by Al Brooks about Price Action and a new Price Action universe has shownā¦ After more than 6 months I am almost done with first book as they are awfully hard to read and understand. The books are focused on stocks and futures charts, so they are what you need for stocks trading.
At this point, after two years and five months in trading I manage to get to breakeven.
Anyway, besides this thread I highly recommend Al Brooks books.
Is there an online forum about stock trading that you could recommend like babypips.com but stock trading?
Hi fjanos Iāve PMāed you with and interesting site that may be of interest re:stock trading.
Not hearing a lot from" Pippin it old school "re busters 10 trade challenge,now I wonder why that is !!!:54: any ideas anyone :20:
Hello guys I have just seen a chart USD/CAD and I am thinking to get in this trade. I would like to hear some comments from you. It seems the price is on resistance ready to go down. This candle is called shooting star and its strong signal for changing trand. Candle isnt finished yet so I will wait for closing but I think I will take this trade. What do you think?
Haha youāre absolutely right buster! Ya know, I would be happy to post my next 10 trades, but unfortunately I wouldnāt have much of an audience, so Iāll just continue to do what I was doing. I was only ever spending time in here to assist others but now thereās not really anybody to assist so Iām good. Happy trading 
Joey
Joey I commend your efforts to help out on this thread. Itās sad this thread has turned into what most do; a circle jerk of newbies insisting that profitable trading isnāt possible or this method doesnāt work anymore.
There lack of experience with the method and lack of understanding of how probability works in trading fueling their naivete. Itās funny when someone tells you something doesnāt work when youāre account says otherwise. Donāt sweat the 95% and keep on doing what you were.
Good Luck
Well hereās an idea as Pippin didnāt feel he was able to take up the challenge how about yourself ! then the ānewbiesā could have more confidence.Yes thatās a great idea lets see if your up for it ,or was it just talk ?
Just talk is my guess Buster, Why do people insist on making claims they cant or wont back up, if you bought a second hand car and the salesman said it was great would you believe him or want to take it for a spin and have a look under the hood ? of course you wouldnāt take his word ,well not unless you were stupid, then why are people expected to take forex claims at face value, lets get real here guys.
Your a decent guy Joey ,I wish you well in your trading.
Hi Buster and everyone,
Iām also a newbie, and I have followed this thread for some time. Iām busy with work in the past six months and only been able to make some demo trades during this period. However Iām quite happy with my performance thus far with 5 out of 6 winners. Iām slightly more free this coming month. Iāll also post my trades whenever I can, just like Pippin it old school.
Of course no guarantee that I can win, but Iāll throw in my analysis of my trade whenever possible. Then hopefully we can get feedback and learn together.
Seems like no one is replying u, Iāll try to give u some of my analysis.
I think its a very nice PB at a good level, but just be careful of the area below it, there have been many price rejection in the past at ard 1.24, which is also a BRN.
As Iām very conservative, Iāll not take this trade and wait for the price to go below 1.24 before I will make a decision again.
Yes it would be great to get some confirmation e.g price move down under 1.24. Thanks for opinion.
good on you tranceaty.at the end of the day even if you cant make this method work for you youāll start to get a feel for the market and how it moves,so keep at it and best of luck.
I did a little research on this Forex rigging by Market Makers. My conclusion is yes it is possible. MMs have the ability to move prices to their desired direction but the questions is how much (size) they can move the price. There are many things that must occur in order to influence price movements: -Have lot of money (talking about billions), coordinated manipulation with other MMs, they donāt have to talk to each other because MMs only see the signs (like PA trigger signals and than they make the move). Itās a size battle: For example. Letās say all PA traders see a A+ sell setup with a nice pinbar and they go for it BUT the other side MMs know that PA traders would make the move so they start buying. A proper pinbar could have a size if 140 - 200 pips average so MM must make up this 200 pips which is a very difficult and risky task. Itās risky for MM because they can lose millions in minutes but ā¦welll trading is about taking risks rightā¦ But if they manage to rig PA A+ setups than they could even retire. None of the articles talk about how much they can influence but if the coordination is there I mean all MMs around the world can win all PA traders around the world that is possible sometime but not all the time.
Thanks for your kind words.
[QUOTE=āfjanos;702772ā]I did a little research on this Forex rigging by Market Makers. My conclusion is yes it is possible. MMs have the ability to move prices to their desired direction but the questions is how much (size) they can move the price. There are many things that must occur in order to influence price movements: -Have lot of money (talking about billions), coordinated manipulation with other MMs, they donāt have to talk to each other because MMs only see the signs (like PA trigger signals and than they make the move). Itās a size battle: For example. Letās say all PA traders see a A+ sell setup with a nice pinbar and they go for it BUT the other side MMs know that PA traders would make the move so they start buying. A proper pinbar could have a size if 140 - 200 pips average so MM must make up this 200 pips which is a very difficult and risky task. Itās risky for MM because they can lose millions in minutes but ā¦welll trading is about taking risks rightā¦ But if they manage to rig PA A+ setups than they could even retire. None of the articles talk about how much they can influence but if the coordination is there I mean all MMs around the world can win all PA traders around the world that is possible sometime but not all the time.[/QUOTE]
Interesting finding.
Decided to enter a trade in AUDSGD H1.
The chart here show D1 with the S/R lines drawn.
A closer look into the H1 chart shows a decent pin bar, though slightly bullish.
I have some concerns though, as there is a pretty strong trouble area at 1.043, initially I thought that I should not take this trade, but I saw that the high of the PB seems to give quite a lot of space for the price to move, and when price was hovering around the trouble area of 1.043 on 26-27 may, they didnāt manage to hit the high of the current PB, so I decided to pull the trigger.
Seriously not sure if my analysis makes sense, as Iām still concern with how price react around the trouble area mentioned.
As for how I manage my trade, initially I wanted to do retrace entry, but decided for the price to break the low of the PB again before I enter. And I did not choose to set 2 trades with half size each, because if I do, my first TP is actually 1.043, which only net a 10pip gain with a 6 pip spread, not worth taking.
After much considerations, decided to just enter 1 position.
Please comment on my analysis. Thanks in advance!!!
