My Price Action Trading Strategy

Okay sirrr

Alg buddy! Hope you’re doing well. Long time no forum :slight_smile: I see that now FTMO has an option for normal trading, meaning no closing over news/weekends, so I am getting ready for that on the dailies.

How have you been with your aggressive trading? Still here I see so your FTMO accounts must still be alive and kicking I hope!

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Hi Alg, thanks for your system. This is the first time I reply this thread. I really believe in Price Action is the most reasonable trading method in any market. I spot a possible trade this morning. Would you have any comments? Long EURGBP Pin Bar Signal.

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That is a mighty big pin bar.

Just a question, was that candle at the swap ? 5pm eastern.

Sorry for such a late reply.

Yes FTMO has what they call a swing account that let’s you trade news and hold during the weekends if you like.

So far so good, been a slow week for me. Had to focus on another business this week so have only took two trades.

Hopefully next week I’ll be more active again. Just been a busy two weeks lately with travel and other work.

I’ll have the weekly roundup posted tonight, nothing special. Just had two trades this week.

Good to hear buddy! So in all this time, what was the highest DD you’ve had?

Oh goodness I don’t quite remember. At one given time I think right at -$2100.

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That was 5am eastern

Got ya, wonder what made price drop so much. Oh well. We’ll actually never know.

You could place a buy but maybe have your stop not down at the low since that would be a very big SL. Never place it at the latest low before that pin candle

Seems though that it has closed below that support. I myself would pass on it.

Here is the weekly round-up, not much but here it is.

CADCHF
Hit SL on this one.

EURCAD
Reached TP1 before retracing back to BE.


Journal
Majors/ Minors


Graphs





I am a bit late to this post but I just want to say that this review is golden, both for yourself and us following you.

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What strategy do you rely on?

Thanks dude, it was nice to go through and actually see how my trades were doing and being able to log thr data.

Helped with figuring out where I need ro take profit. I’ll be doing another at the end of the year.

I’ve been a firm believer in 1:1 RR , however I am starting to test 1.5 in some cases but that’s realistic to me, so I am glad I got the confirmation from a trader like you.

2 trades finished today, EURUSD was a winner and EURCHF was a wiener. Went for 1.5:1, actually EURUSD was 2.5:1, EURCH went up 1% and then shot down :frowning:

EURUSD 4H

EURCHF 4H

Both looked like good setups. Just how it goes at times.

nothing wrong with 1:1RR at all. its just not what the “gurus” suggest in text books, lol. they also state not to risk more than 1% of your account too. Tom says, why would I have a 100k account and only want to risk 1K? lol

First trade of the week. One I opened this evening.

USDCAD

My thread is my strategy, not sure how to sum it up but will give it a try. I’ll use this evenings charts for examples and explain what I’m looking for. Not saying I’m right all the time either or even know what I’m talking about lol.






These are just a couple examples of what I’m looking for when trading. Just used the first 6 charts I came to for examples.

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i opened 2 Longs; AUDUSD and NZDUSD. down $100 on both so far lol. we’ll see how much longer i hold. im usually too early t the party… interesting on USDCAD brother. I was thinking of shorting the pullback today if it hit 1.3. could very well see that number tomorrow. or in the middle of the night lol. right now indexes are up a little