Price Action Trading

[PriceActionTrading]

Hello, my name is Pavel and I trade over 6 years. During this long time I tried lots of trading styles. But I always felt that for me PA is best way to trade. So I think I'm quite experienced in price action trading. In fact, it's all I really deeply know in trading.

Why did I decide to write this thread?
Because I feel that I need some connection to other traders. Last weeks I did some mistakes in my trading and I need to get back on a track.
I also want to find some traders who have similar trading style like me to share ideas, talk about trades and so.
Then I think I can show other people that intrady trading doesn't have to be just about small timeframes and high blood pressure. It can be done quite more simple.
Lastly, I want to improve my English. So any comments welcome.

How I trade?
I trade breakouts, corrections and counter trend trades. Almost all my trades have to be supported with testing prior day high or low.
All my trades are always taken on 30 minute chart. During trading session I take 0-3 trades.
I trade CL, NG, TF and NQ. 9 a.m. - 1.30 p.m.

That's enough for now. Stay tuned!

 

[tomorton]

Greetings Pavel, your English is pretty good already in my humble opinion.

Looking back at last week, did you yourself make some mistakes or did the market simply behave less than 100% predictably? If you have a successful method and follow it 100% accurately, there is no mistake, though the market will not let you win every trade.

 

[PriceActionTrading]

tomorton, thanks!

I have successful method and I follow it. I know what you mean. I always distinguish between costs and mistakes. And I did mistakes. I wasn't concentrated enough and I took trades that wasn't 100% according to my plan. It's something that happens to me time to time.

 

[tomorton]

To all of us from time to time.

 

[PriceActionTrading]

Thank you for your support.

Markets aren't moving how I need so I am gonna write List of Acronyms, which I use in my charts:
CG - congestion
TR - trading range
SR - support/resistence area
O - Rejection
BO - break out
V or V-pattern - market moves one way then quickly rejects and move the other way
RR SR - SR, which can support role reversal or flip
H - high of prior day
L - low of prior day
CT - counter trend
TL - trend line
TCL - trend channel line - the other side of the channel TL

That's all for now. I'm waiting for PA on NQ and its H.

BTW. My trading session ends between 6.30-7.30 p.m. Many times I analyze session second day. That's why my activity here can vary.

 

[PriceActionTrading]

Session 15.4.
- no trade
- interesting trade was on TF (arrow A), but not according to my rules
- another nice trade was on CL (B), this kind of BO is in testing and papertrading, next week I'm going to trade it live
- BO on NQ was too late



- trading plan was fulfilled

 

[NVP]

tomorton, thanks!

I have successful method and I follow it. I know what you mean. I always distinguish between costs and mistakes. And I did mistakes. I wasn't concentrated enough and I took trades that wasn't 100% according to my plan. It's something that happens to me time to time.

happens to us all P..............that's why traders fail .......the human X factor

 

[NVP]

hi pavel

do we know each other ?

I recognise that name from somewhere ??

 

[PriceActionTrading]

hi NVP,
not sure. I don't think so.

 

[neil]

hi pavel

do we know each other ?

I recognise that name from somewhere ??

At FF maybe ?

http://www.forexfactory.com/search.php?searchid=15165662

 

[PriceActionTrading]

No, I didn't comment on any foreign website till now.