rockstar Posted January 19, 2012 Share Posted January 19, 2012 One day I have seen this in internet and started learning it , I am glad to come across this system , I have traded only twice so far but both entries were identyfied correctly ( I have only made 5 pips on each of this ). I have been trading this pair for some time now. I hope to master this strategy (not only this one though) . I trade EUR/USD only on 1 min timeframe. I will be looking for two things. First to see where price will consolidate. (rejection happens between the lines (price trap) Consolidation takes place when price is rejected from certain level which last at least of 12 minutes ( the longer the better ) and be 10 -23 pips wide Second I take upper and lower level and when price is above/below this level (candel close below or above it) I enter the trade in this direction (closes below I go short , closes above I go long) Once I have set the price levels I am ready to enter the trade upper and lower levels become our entry points as well as our stop losses. Stop loss is the amount of pips between the levels set Take profit level is up to you - it can be also the same number of pips ( I will only go for 5 pips - just for now) please do not risk more than 2% or trade very small lots to practice first. Quote Link to comment Share on other sites More sharing options...
rexway Posted January 27, 2012 Share Posted January 27, 2012 I will start learning this system right away ,since the return is up to 5pips per trade,I will also see how i can improve with this system to use it on fundamental analysis too. Quote Link to comment Share on other sites More sharing options...
standart Posted November 11, 2012 Share Posted November 11, 2012 seems like this method try to capture the profit in pullback or retracement movement and its also my big question about this method because if you only search profit in pullback, that mean you forgot trying to get profit by following trend. am I right? correct me if I am wrong. Quote Link to comment Share on other sites More sharing options...
ATSATS Posted February 22, 2013 Share Posted February 22, 2013 actually price action strategy is the only one strategy which is so individual. i have tested some strategy but thats are not so profitable and maximum is loosing trade. sir actually i don't understand your strategy. Quote Link to comment Share on other sites More sharing options...
Hunter Posted April 4, 2013 Share Posted April 4, 2013 One day I have seen this in internet and started learning it , I am glad to come across this system , I have traded only twice so far but both entries were identyfied correctly ( I have only made 5 pips on each of this ). I have been trading this pair for some time now. I hope to master this strategy (not only this one though) . I trade EUR/USD only on 1 min timeframe. I will be looking for two things. First to see where price will consolidate. (rejection happens between the lines (price trap) Consolidation takes place when price is rejected from certain level which last at least of 12 minutes ( the longer the better ) and be 10 -23 pips wide Second I take upper and lower level and when price is above/below this level (candel close below or above it) I enter the trade in this direction (closes below I go short , closes above I go long) Once I have set the price levels I am ready to enter the trade upper and lower levels become our entry points as well as our stop losses. Stop loss is the amount of pips between the levels set Take profit level is up to you - it can be also the same number of pips ( I will only go for 5 pips - just for now) please do not risk more than 2% or trade very small lots to practice first. This strategy looks quite good in both money management wise and system wise. But i have seen many price actions and noted that, first price breaks the consolidation area and goes high or low, then suddenly reverts back and goes deep into other side which will cause us to be on the other side of the trade. In those times money management is the thing that can save us. Quote Link to comment Share on other sites More sharing options...
euro Posted September 19, 2013 Share Posted September 19, 2013 That is good if it works out for you but I have my own system to get profit. Its hard to follow the same thing that any other trader do since the market is so different all the time. I like to follow the trends and when there is a bullish trend, I will scalp it and that is it. I do not do other weird stuff since the trend is the real deal but I use stop loss of course and I take profit sometimes. Quote Link to comment Share on other sites More sharing options...
Thayungsta Posted October 16, 2013 Share Posted October 16, 2013 this system should be the best i have ever read am gonna try Quote Link to comment Share on other sites More sharing options...
Saif Posted April 15, 2014 Share Posted April 15, 2014 Yeah this strategy is looking so good am gonna try this.. Quote Link to comment Share on other sites More sharing options...
myregister Posted October 21, 2014 Share Posted October 21, 2014 One of the best system that used by traders who prefer to trade with candlestick and few indicators as the other helpers. Some traders said that price action system is very effective for them while i am in my own opinion said that this is useful even not 100% useful, also you need to be careful that some candle pattern does not work sometimes. Quote Link to comment Share on other sites More sharing options...
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