I do use the daily as well to locate zones, I should have added that in there(added now).
2 Likes
What indicator do you use to trade, am trying to get a trading strategy. Most of my trades keep hitting stop lossđ¤Śââď¸
I donât use any indicators, just price action and support resistance zones.
2 Likes
Thanks , a lot. I might fail this challenge but itâs ok. Iâm going to apply everything you mention. I have a backtesting system. Iâm very hopeful that Iâm doing the right things.
1 Like
Please how and where can I learn price action from scratch?
1 Like
Update on the trade from yesterday.
CADCHF : Full TP : 45 Pips
One I have opened up this morning as well.
USDCZK
Sweet trades , well done.
Thanks for sharing this! I think you can add this to the first post, or at least edit the first post indefinitely. If not, the mods can help you out making that change. I know a couple super long threads here, that have run for years, the main author can change stuff at will.
Thanks for the heads up, Iâll reach out to a mod.
Youtube is a great place for because I donât like to read books. Please avoid retail traders videos, because they think in the opposite of professional traders. this is a great thread as well. Iâm also going through the "Forex Price Action " thread, it is great. Alg626 posted a link for it on this thread. Happy learning
1 Like
I like this one, and not always waiting for a retest is I a good idea I think, if you think you understand the market.
1 Like
Whatâs that pin (seems the pin is a hammer candle) and EG, teach me about them
1 Like
Whatâs that pin (seems the pin is a hammer candle) and EG, teach me about them
These are pure basics which you can learn anywhere just by googling a bit and not being lazy, in this way you are asking questions that have a million answers on the web and are just spamming the thread.
@Alg626 When you edit the first post you should post in bold letters for people not to go off topic. This thread is attracting more people and will just be flooded by crap like this in no time. After that either ignore these questions or even better ban from thread if possible after first warning.
Letâs keep this thread serious and study price action charts.
1 Like
Read here, and read through at least the first 50-100 pages,
Great thread with go info on what you should look for in using price action⌠He has videos in the thread you can watch
People or places i have read
- The education here at Babypips is where I started. Just helps get a good foundation under you.
- Chris Caprie (Also has a thread here)2nd Skies is the name of his company.
- Al Brooks
- James16 thread over at the other place lolâŚ
- Traderrom.com is good, he doesnât charge anything.
You will have to do a lot of the work, plus if you are spoon fed everything you wonât learn and grow or maybe not even retain what youâve heard. I do have an example of the pin bar(hammer) at the beginning of the thread as well.
Also remember if you donât take these at the right levels they donât mean a thing. And you will get burned a lot. To me marking the support and resistance zones are just as important then also reading what the price action did before it got to that level or gave a candle pattern
I have some examples below.
EnGulfing : Can also be called an outside bar. Mine is set up that the close of the engulfing bar has to be higher than the high of the previous bar. Some do as long as the close is higher than the previous bars close but I wanted a bar that was more pronounced. I have attached a pic
Pin Bar : On this one, it wonât label a pin unless the low/high of the pin was the lowest/highest of the previous 8 candles. Reason for that is I want to catch a pin at the swing of price, plus if a pin doesnât stick out from the other wicks, it seems to be a little less powerful.
Rules for it to be labeled: Letâs use a buy for example.
The lower wick has to be 3 times the length of the body of the candle. The upper wick canât be no longer than a third of the length of the lower wick. If the upper wick is also long itâs more of a undecisive candle than a pin.
3 Likes
But spoon feeding is exactly what she is after. She got that link from another guy (and me, but I deleted it after I saw his post). You just gave her the link again plus youâve already posted a tone of charts, but one has to actually go through them from page one.
It also seems that on this forum you canât ignore someone (at least I canât find it?). What a weird forum.
Can it really be that you cannot ignore someone on a forum? If there is a way someone let me know please, this thread is gonna become unwieldy and a chore very soon otherwise.
1 Like
I do understand what you mean, we donât want the thread to get off topic. Once I can get a mod to let me edit my first post then weâll be able to send people to that post to read it through.
But for now Iâll give the benefit of the doubt lol. And give them a bump in the right direction.
1 Like
Also not sure how to track down a mod. Anyone know of one? lol
Never mind I have reached out to one.
If the post is opened up for me Iâll update the strategy rules and place my examples there of patterns and exit strategies I use. So weâll have a cleaner idea and be a little better organized for anyone else who might view the thread.
