Price Action Traders

ForexProdigee

Junior member
47 0
I'm starting to trade Price Action only and i'm seeing great results. Only time I lose trades is when my patience wears thin and become greedy. So far I have only begun to trade Pin Bars. I was curious to know, what Price Action Setups have you guys noticed in the markets that usually work?
 

NVP

Legendary member
37,747 2,093
Hi FP

Can you tell us how long you have been trading price action please ?

Sample size is important in understanding % success

N
 

Benj1981

Established member
694 108
I'm starting to trade Price Action only and i'm seeing great results. Only time I lose trades is when my patience wears thin and become greedy. So far I have only begun to trade Pin Bars. I was curious to know, what Price Action Setups have you guys noticed in the markets that usually work?

i like cat's ears trades, high probability.
 
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Benj1981

Established member
694 108
hahaha, are you Son of Spanish ??

Haha, no Rathcoole, but he has a unique approach to trading. Very impressive. You can see him on Elite trader (not sure if i can say that site here, soz) where he has journal.
 

Cornix

Well-known member
267 22
I trade almost pure price action for a few years already and so far very happy about it... Setups are common, mostly based on Dow theory, Vic Sperandeo's interpretation of it with a few tweaks...
 

ForexProdigee

Junior member
47 0
I have been trading strictly price action for a couple days now, mostly Pin Bars. My account size grew 25% in those two days. However, during the Sydney sessions when the market seems to be a little slow, i grew impatient and made bad trades reducing my 25% gain into only 16% gain.
 

rathcoole_exile

Veteren member
3,924 767
If what you say is true, he should be locked up! I hate liars.

you've obviously not read the whole spanish69 threads in the archive with his gleeful confessions about
regualrly stealing from his mom,
illegally claiming benefits while working,
pretending to be a policeman and
having an underage girlfriend.

plus many more such escapades. All without a hint of shame or remorse.

Utterly contemptible little c_u_n_t
 
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ForexProdigee

Junior member
47 0
my average risk was about 10-15 pips, market was trending beautifully allowing me to keep my stops tight. once entered, they only went negative 6-8 pips before going in my direction
 

Cornix

Well-known member
267 22
my average risk was about 10-15 pips, market was trending beautifully allowing me to keep my stops tight. once entered, they only went negative 6-8 pips before going in my direction

OK about pips, but what about % of your trading account being risked on every trade? Asking, cause you seem to have quite serious equity swings.

P. S. My preference is no more than 12 pips for the Euro either most of the time, often smaller, extremely rarely wider.
 
 
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