My Price Action Trading Strategy

do you guys feel like your best trades are usually the ones you’re instantly in profit with?

Well when I did my analysis couple weeks ago. 38% of my trades that win retrace down past 50% of my SL value. And there are ones that retrace down a bit but don’t reach the 50% mark.

So now that gives me an idea this evening. I’ll have to run numbers though. I’m going to see if I do better my closing a trade if it retraces back down 50% or letting it run and winning 38% of the time and losing the other 62% . Have to see which one saves me money.

Well I’ll wait til end of the quarter. I’ll have a bigger sample size.

Good morning team! Lots of potential setups today.

GBPCHF is a good pair to watch:

As well as NZDCAD, might be due for a retrace:

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NZDUSD 4hr. lower n lower n lower

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USDSEK 4hr. Possibly topped at 9.15 area. Been due for a pullback

Nice post fellas, hopefully I’ll get to look at some charts this evening. Both of mine so far hit my SL.

how’d you post that pic without your name on TV showing?

What you mean?

I copy and pasted using Snip-it. It’s standard on Windows.

ohh ok i gotcha. yeah i just started using the snapshot feature next to “publish” it always says my TV name, was wondering if i could take that feature off… ive always had PC’s but i just started using this M1 Mac mini

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A trade I took this afternoon :chart_with_upwards_trend:

https://www.tradingview.com/x/3t25xzoo

GBP been weak. needs to fall under this 1.328 support area and head to 1.32

might put a sell limit in if it gets under 1.328 area hmm

Here is the chart from my GBPCAD trade that didn’t go so well lol.

GBPCAD

sometimes its just timing. im usually a little too early lol

Uncle Tom’s TA on AUDUSD

Are most of Tom’s trades in the middle of the night ALG?

Yes for us. He is Danish, I believe he lives between London and Denmark.

gotcha, thought so… 1.71 rejection here lol:

Freaking Powell