Price action with market bias system

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Here is my latest system for the 15 min time frame

it shows you price action area with bias

bias is when the black ema has crossed the gold ema up or down

price action is when the macd closes above 0.001 level or below -0.001 level

the black line is the trail stop area

example of a trade :

the black line is above the gold line bias is up buying only . macd crosses and closes above 0.001 level enter in a buy trade

exit when the price goes 30 pips in your favour or exit with loss if the price falls under the black ema : note : its not on the candle closing under the black ema its on price action falling under the black ema

hope all is clear

enjoy

 

sorry not clear, how you define price action?

for my understanding: price action trades the price! without any indicators, trend lines or pattern. the price itself is the signal, the action, the volume, the volatility.

my2c

 

Trend lines, channels or candlestick patterns are basic price action tools. Skripts, that do this for you are of course in the indicator folder, MT4 makes no difference.

Price itself is the signal? Hmm, maybe, but by foot it is further than over the hill.

 

and what are the advanced tools? ohlc are ok = fixed and final prices, without any changes

but manipulation of "clear" prices with indies are never price action, each tool which converts a clear price into another form, chart, calculation or what ever is not price action, its not a "clear" price. example: Ema calculates from x bars (prices), the end result is not a single clear price, its a exponential combined price which can be plotted as trend line, on the other side Sma 1 and 1 tick is price action (it doesnt matter if the 1 tick is o,h,l or c) Ema 1 and 1 tick is not possible.

 

Dear krelian99,

let us keep listen the profxmanager,after all he is profxmanager ,may be he have some holy grail idea and sketch for trading with out any thing.

 

Harmonic patterns, Wolfe waves, Gann and Murrey Math angles and circles and as master piece Elliot waves. I surely forgot noticable price action approaches, it may forgiven to me.

mntiwana, I don't fall into dust in front of someone who calls himself a Pro or Expert without proof. Would you buy the (almost) Holy Grail before you have seen it?

 

Dear krelian

of course,i know a bit about you,lol,may be you did not noticed the last few words...without...

 

I do not share a holy grail!

I do not sell any system!

After 20 years trading, I'm a Pro, maybe in the future, I setup a small live account to demonstrate automated price action live trading.

Krelian99, to have more to criticize , i trade pure price action, (async) hedges, (open) martingales (science, brownian movement! not casino!) and 1324 management. (brownian movement: google is your friend, attention: you have to be a advanced math guy)

Back to subject: Any price which is transformed from a single final price to another form, chart, or whatever, example Ema's is a math combined calculated result from several single final prices, has nothing to do with price action, as the name describes price and action!

 

Talking about Brownian motionwhen talking about financial time series (in which the price can move only up and down - in one dimension (the "famous" price bar or candle), and the second dimension - time - is 100% defined and can not be random at all) is the usual word piling when there are no arguments. Would you mind providing details of such an esteemed financial theory (in which "(async) hedges, (open) martingales") is so nicely combined)?

 

criticism and cross questioning always works two way (conditionally.if that made for understanding and positive productively...not as jealously) one side it fine tune the author product when other hand it make understand to unknowns.....not bad.:)

 

ProFXManager, don't misunderstand me, I'm not interested in comparing cock size. This helps noone. We are here to learn and share ideas and systems or indis and we craft and improve our own system. Namedropping and then saying "google is your friend" is lame. I'm an engineer of mechatronics, so I understand a bit of mathematics and can devide sheen and being. Brownian motion uses, when I read it correctly, EMA for calculating the market temperatur. And even when you don't use an EMA (or any other MA), is it still pure price action then? As whisperer said, don't dread to share some more information.

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