My Price Action Trading Strategy

Pinbar1993 · February 22, 2022, 4:14am

AUD/USD:

USD/CHF:

raphmark55 · February 23, 2022, 11:35am

When a support or resistance is broken and new ones formed, do u draw new lines to acknowledge the formed support and resistance??

Pinbar1993 · February 24, 2022, 12:12pm

If I see the previous S/R, I will draw a new one and erase the old one. Maximum only 2 levels on my chart. And if I can’t see it, I’ll set a target based on R-R

Pinbar1993 · February 24, 2022, 1:29pm

This is an illustrative example:

dudebro · February 24, 2022, 5:59pm

This might also depend on what time frames you trade. I think it’s always a good idea to see what the overall trend is, and where some of those historic S/R levels. Price tends to move in and around these levels and zones, and if for anything, they can be used for potential SLs or TPs.

Sonoafafayon · April 6, 2022, 11:41pm

Hey @Alg626, are you still active with this thread? I’ve spent the day reading over the strategy, learning, and doing some comparison and testing.

Just wondering if you’re answering questions at all, as I’ve got a few that I’m hoping you’d be able to answer when you get the chance

Alg626 · April 11, 2022, 10:38am

Sure thing, what you got ?

Sonoafafayon · April 11, 2022, 11:13am

I tried to have a look around for the indicators you used, however, I’ve been unable to find any as clear as yours on TradingView. Any chance you’d be able to send a link to them?

Also, are you still using this strategy in 2022? Or have you moved onto a new one?

Thanks!

Alg626 · April 13, 2022, 12:06am

I still use this strategy. I’ll DM you the scripts and code for the indicators on TradingView. It won’t let me publish them due to some or their house rules.

Sonoafafayon · April 13, 2022, 12:14am

Thank you so much, it’s massively appreciated!

Alg626 · April 13, 2022, 12:17am

No problem, you should have received a link to the pinecode and directions on how to add it to your Tradingview.

MattyMoney · April 13, 2022, 4:01am

Good to see you around, @Alg626.

Pra8 · April 19, 2022, 6:44am

Hey Mr. Alg626.

Great to see your explanation about your trading strategy. You know, i have tried to adapt your strategy. I have backtested 30 trades from 5 pair (GBPUSD, AUDUSD, XAUUSD, USDCAD, NZDUSD) and i have 50% of winrate with 1:3 RRR average. And “my account” growing 44%.

Sir, can i show you and you give me any input when i get my trading ideas? Thankyou so much. Terima kasih.

Pra8 · April 19, 2022, 6:47am

Sir, may you also give me the link as well? Thankyou

Abosco · April 19, 2022, 9:17am

Great work. I’m still testing this strategy. Please can you also send the scripts for the indicators to me. Regards

CraigForex2020 · April 19, 2022, 9:47am

Love this guy so much. He has the ticket to success in what he says. I consistently listen to him

AliArslan21 · April 27, 2022, 6:51pm

Very nice thread, This guy is very articulate and simple in his trading style, Johnathan Fox is mentor of him and I’m having huge respect for Jonna his is the best mentor with a very simple and straightforward PA trading.

Alg626 · May 1, 2022, 11:55pm

Thanks @MattyMoney, how have things been on your end?

Alg626 · May 2, 2022, 12:01am

Thanks for the compliments. I never traded under Jonathan Fox or even spoke to him so not really a mentor but I do understand what you are trying to say. And once again thanks for the good words. Hope your trading is doing well.

Alg626 · May 2, 2022, 12:02am

Thanks for that @CraigForex2020, don’t know if I would call it “the ticket” lol. Hope all is well with you.