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Thread: 66451735 - Team 10 (B) - Trading using price action

  1. #1 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Default 66451735 - Team 10 (B) - Trading using price action

    66451735
    investor pass: vdoare61

    My strategy, the same as always:

    Quote Originally Posted by deathstar     
    Like always, I am going to be trading with simple trading concepts like fibs, bar patterns, S & R and trendlines. I am more of an intraday trader or scalper than a swing trader but will give this a try.
    Mostly my trading strategy involves taking higher timeframes as reference but since I have to hold my trade over at least a trading day, I will try to use the higher timeframes for trade entries too.

    Regarding Fibs, I use it simply to know how much price has retraced and I mainly like taking trades when price retraces 50% of the fibonacci.

    Regarding bar patterns, if they appear in a good S/R area, I trade them no matter what pattern it is.
    S&R area, I usually plot them around psychological levels like 100 50 75.

    Trendlines will be used to know if the price is continuing the trend or going for reversals.
    well, best of luck to all the participants


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  3. #2 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Good Luck Mod....
    IF YOU WANT TO LAST LONG IN THE MARKET THEN APPLY THIS SIMPLE METHOD

    https://forum.mt5.com/showthread.php?86700-The-Splitting-lot-size-Method-of-Trading


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    Like always, I am going to be trading with simple trading concepts like fibs, bar patterns, S & R and trendlines. I am more of an intraday trader or scalper than a swing trader but will give this a try.
    Mostly my trading strategy involves taking higher timeframes as reference but since I have to hold my trade over at least a trading day, I will try to use the higher timeframes for trade entries too.

    Regarding Fibs, I use it simply to know how much price has retraced and I mainly like taking trades when price retraces 50% of the fibonacci.

    Regarding bar patterns, if they appear in a good S/R area, I trade them no matter what pattern it is.
    S&R area, I usually plot them around psychological levels like 100 50 75.

    Trendlines will be used to know if the price is continuing the trend or going for reversals.
    good strategy mod, i ever try to trade using your strategy (when the price retrace in 50% fib area) and it really good strategy and simple to earn profit through this strategy, but we must combinetd with candlestick pattern to see the price is rellly retrace or break 50%fib area.
    Never Give UP


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    deathstar (22-06-2014)

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    It is really a good strategy. I liked your strategy. I think this contest will be alive if at least ten traders left for the final day to compete for the 1st place. I am sure you will be one to them. I am looking forward to your trading style and probable outcome of trades. All the best wishes for your trading in the contest.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    deathstar (22-06-2014)

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    Hi mate, nice to see your nice thread. This is good price action strategy which you plot the spot with key levels. For my favorite pair EUR/JPY which key levels are good, mate?. From my view, it is 20, 50, 70 and 90.
    My blog : http://blog.mt5.com/topman/
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    All the best to you Mod ,hope you can score the best

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Quote Originally Posted by topman     
    Hi mate, nice to see your nice thread. This is good price action strategy which you plot the spot with key levels. For my favorite pair EUR/JPY which key levels are good, mate?. From my view, it is 20, 50, 70 and 90.
    I don't trade using key levels but I do keep reference when price respects 00 and 50 areas.


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    good luck moderator. with u a good trading experience and i hope you will do the best.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    I like your trading boy!
    Nice and Clean - Moderately long!
    Left side of a chart is "]-[istory", right, it's "Mystery".


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    2 sell orders in AUD/USD.

    original trade no. 835406545 100 lot
    The trade looked pretty good to me so I added another position shortly.
    trade no. 835406658 100 lot

    Price on a good resistance in daily timeframe.

    Spoiler Spoiler:
    Name: audusddaily.png Views: 80 Size: 28.1 KB


    Price went down from the resistance then checking the fib ratio saw it bounced off of 61.8 fib ratio and stalled around 50 fib area.

    Spoiler Spoiler:
    Name: audusdm15.png Views: 83 Size: 27.0 KB


    Entered the sell trades with profit targeting around 00 area i.e 0.9400 . Trades already closed but the down move looks pretty good currently.


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