Download MetaTrader 5

Simple price action trading using s&r and reversal signals from the swing points. - page 3

To add comments, please log in or register
irbforex
203
irbforex  

Nice to see you traders trying out Price action and some new interesting stuff. Your are on the right track. Keep on learning and testing the new strategies. In a few years, you will be so good at it.

PAT

Tahir Sultan
137
Tahir Sultan  
harrymonic:
good, i'm also a young trader. i'm 24. this strategy is good specially if enforced with right harmonic patterns. If you don't use indicators like i do, harmonics ratios and geometry would be the best aide.

Agree with you) Because we should always ride with the momentum and should be on the right side of the swing .And yes i do believe price is everything.News,events,fundamentals etc is included in price.

Tahir Sultan
137
Tahir Sultan  
Xptusd h4 counter trend trade
Hi everyone) 25/06/2013 XPTUSD(future)(aka platinum) H4 long trade,Risk reward >1:1 Reasons of entry

Trade management

Result

Thanks

Secure Trading

Files:
harrymonic
290
harrymonic  

Right

This is how i trade H4 charts,

Trade on USDJPY, H4. Formation of Time&Price Symmetric Head & Shoulder Pattern. Resistance at shoulder.

Files:
Tahir Sultan
137
Tahir Sultan  
harrymonic:
Right

This is how i trade H4 charts,

Trade on USDJPY, H4. Formation of Time&Price Symmetric Head & Shoulder Pattern. Resistance at shoulder.

Hi harrymonic) I just need one horizontal line on my chart to mark my S&R levels,then i wait for a valid price action action to happen on those market levels.Different traders see their charts in a different way but at the end we all are trying to predict future using the past.Then why we should not keep things simple?

The simplest trading strategies are the most profitable ones.Most traders over complicate things for them by putting several indicators and drawing a lot of lines on their charts.Their charts literally looks like a graffiti lol.Just keep things simple because in trading chaos and complexity will get you no where.

harrymonic
290
harrymonic  
tradeknowhow:
Hi harrymonic) I just need one horizontal line on my chart to mark my S&R levels,then i wait for a valid price action action to happen on those market levels.Different traders see their charts in a different way but at the end we all are trying to predict future using the past.Then why we should not keep things simple? The simplest trading strategies are the most profitable ones.Most traders over complicate things for them by putting several indicators and drawing a lot of lines on their charts.Their charts literally looks like a graffiti lol.Just keep things simple because in trading chaos and complexity will get you no where.

i dont use indicator, i drew the lines myself. The only indicator i use are fractals. just to easily spot swings.

Your right. charts full on indy's are really hard to understand. Decision process is overridden with indicator signals.

Regards

Tahir Sultan
137
Tahir Sultan  
harrymonic:
i dont use indicator, i drew the lines myself. The only indicator i use are fractals. just to easily spot swings.

Your right. charts full on indy's are really hard to understand. Decision process is overridden with indicator signals.

Regards

Since my trading method works best without any indicator i advise you to don,t rely on a indicator like fractal to mark your S&R levels.I just rely on the visual appearance of my charts for making my trading decisions.I have a simple method of marking my S&R levels which i am gonna explain in a chart below)

1)Remember S&R is not an exact line it,s a zone

2)Consider BRN,s(big round numbers) and VBRN,s (Very big round numbers) at your S&R

levels.We should not trade into these important psychological numbers.Big players like

banks etc place their orders around these numbers and they can act as support and resistance levels.

harrymonic
290
harrymonic  

yes i know.

i don't rely on fractals they are just visually appealing to me. Fibs are my main tool. Also "time element".

asfarajeeba
34
asfarajeeba  
tradeknowhow:
Since my trading method works best without any indicator i advise you to don,t rely on a indicator like fractal to mark your S&R levels.I just rely on the visual appearance of my charts for making my trading decisions.I have a simple method of marking my S&R levels which i am gonna explain in a chart below)

1)Remember S&R is not an exact line it,s a zone

2)Consider BRN,s(big round numbers) and VBRN,s (Very big round numbers) at your S&R

levels.We should not trade into these important psychological numbers.Big players like

banks etc place their orders around these numbers and they can act as support and resistance levels.

you have a skype id my friend ? can you please share

Tahir Sultan
137
Tahir Sultan  
asfarajeeba:
you have a skype id my friend ? can you please share

Hi afsarajeeba)Why do you need my skype id?) Ask me any questions here if you have any.

To add comments, please log in or register