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This is a thread about pure Price Action trading on naked Charts without any indicators. Ideas, Trades can be posted and of course any discussion about them. For me it is an endeavor since I am new to pure PA trading though I started trading from Charts only without any indicators a long time...

You need to know your own personality and what you truly want. Nobody can help you there. In case of doubts you can try each trading style for some months and see how they fit with your personality. If not and then move on, if yes then make it perfect and practise a lot. Without experience you...

Update on this riskier (demo) trade. I just noticed I made an error with GU today. Once the news came out it broke resistance 1.2214, so I had still the chance to breakeven this trade or with small profits later, when it reached 1.2190. The resistance at 1.2247 it did respect today as it looks...

I am now short on GBPUSD at 1.2210 with 27 pips stoploss and target of 87 pips at 1.2123. Demo trade on Price Action training. Trade is a bit riskier than USDCAD before.

I had demo trade on Price Action training trading here with 38:1 RRR trade as I had only 2 pips drawdown, when I entered Short on USDCAD at 1.36842 with target at 1.3607, and now Take Profit hit. Wonderful setup. But I am still bit new to pure Price Action trading. Any opinions ?

I tried 100s of indicators with million strategies combined in a genetic programming approach on a C++ written fast software (on all common timeframes and lots of different markets/symbols). What I can tell you that those strategies to 99% have less returns then a simple buyandhold approach...

You cannot do it and cannot read Price Action. Otherwise when you say that a few hundred RRR have been possible lately in September 2022, why you have not made your $100 million so far ? You are trading for decades now and you have not made $ 10 million at least, but you are trading only the...

What annual Reward-Risk-Ratio is achievable with pure Price Action Trading (without any indicators), especially on Forex (say 20:1 or too unrealistic) ? Second, which are good online (learnin) resources for Price Action Trading on Forex only ? Last, what would you say, how much time is needed to...

Yes, there is a kind of "seasonal" tendency every day on US stocks. When NY cash market opens you can trade the Order Imbalance strategy, so when individual stocks move much more than their historical Beta Factor it can be used as a mean-reversion trade. I heard of some professional prop traders...

If you do not look on Exotics, it is all about the future of interest rates as carry trading takes effect here. So can look at overlay charts (say 1 hourly charts) from underyling currencies to their interest rate differentials, and if there are huge divergences that can tell you something about...

One thing not to forget, is the higher cost of leverage because of higher interest rates. In the past decade interest rates were zero or falling, now they are rising and they get significant. That will reduce the TQQQ returns a lot. Keep that in mind when going long on TQQQ. Also any longer...

If you spent a longer time, say lots of years, trying to trade Forex discretionary but failed, then I would say it does not make sense to continue here as it is incredible difficult to have a good consistent winning trading strategy here. If you did not spend time systematically researching...

Did you backtest this ? What is the overall drawdown then in your backtests with the Long Puts here on TQQQ?

MT5 cannot execute limit orders. Once limit price is touched, the order becomes market. That is Metatrader behavior.

In Trade-Ideas website you can backtest your idea and see the results. I think also Trendspider website has a chart pattern detection tool but I do not know how they allow to backtest this.

If China really wants to spy USA then they only need to deliver faulty technical equipment, which they do in a massive way for many years now.:D

He can get only very mediocre results at its best with this random noise strategy.:banghead:

They need a 7% stake in cryptos to be significant invested, so when they got hacked and the money is stolen from criminals, they have then enough work to hunt them for the rest of their lifes.:D:banghead::vomit::sneaky:

According to Sell-in-May this half year until April should be bullish, so the lows should be already seen. But after May with a recession coming it is then again uncertain from now. But why do you need to know that ? For what kind of trading strategy ? Because it seems you ask this for investing...

1. Yes immune to some extent, because you are market neutral (but the spread can diverge too, so you need to take care of your leverage you are going into any spread trade (better to backtest this)) 2. Yes possible via options, but this is advanced. You can have long call and long put as...