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my hot post Forums Author Topic: Price Action Trading
rustyh6281
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xx Forums Re: Price Action Trading
on: June 15, 2012, 11:52
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Vinidfraga,
David is a skilled and experienced trader ... it will take a while to learn and to master his techniques. Start small and read, watch and understand the videos. Go to Youtube and watch as much as you can AND search for sites relating to Price action.
In answer to your question: 1 : yes i believe he did use Price action. The first 180 was a demo, then the second video shows a real account...
You WILL NOT have the same results with a real account, there is something psycologically diffrent, even if you try treat it the same! (as i just found out)
No offence to David, but there is a lot of information / education on other sites, so do your research! This site will give you some excellent advice! But you don't read one book if you want to know something .. you read as many as pos!

Good luck

For all you following my PA ... made 3 trades ITM ... Amazing when the pressure is off, it is simple! Ha!

Wait for it ... WAIT FOR IT ... PRICE ACTION! BAM! ITM!

We get paid to wait ... icon smile Forums

rustyh6281
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xx Forums Re: Price Action Trading
on: July 6, 2012, 05:13
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Havent posted on here for a while ...

Just wanted to show people who still arn't sure about PA ...

xAMg0 Forums

Here you can see two pin bars, indicating a change in the movement of the market ... Nice uptrend, is slowed / holted by the two pin bars ... long wicks show there is indicision in the market and then the second pin confirms this ...
just to make it stronger, the 'spinning top' tells me the market isnt sure about what to do ...
based on the pins and indicision, i go short!
You can see the Prediction below indicated a likely sell trade ... so i'm in!
(normally i wouldnt take this trade on the prediction alone as its only 84% ... i look for 90+
... see my other thread on the Replicator indi http://www.binaryoptionsdaily.com/forums/general-group2/trading-systems-forum9/forex-replicator-thread1057.0/)

So ... i'm in at 1.55442 for a PUT
4xyk9 Forums

RESULT!! ... PA AT ITS BEST!

Note ... its NFP today ... so slow markets! Most take it off ... but i am demo trading, so looking and watching today!

Wait for it ... WAIT FOR IT ... PRICE ACTION! BAM! ITM!

We get paid to wait ... icon smile Forums

rustyh6281
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xx Forums Re: Price Action Trading
on: July 6, 2012, 18:35
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So ... trading PA today with the NFP due, I managed 7/10 ITM
I would have personally stopped after 4 ITM on my live account .. as that's above and beyond my strategy!

Being demo ... I took a few more!
Anyway ... will post the account and FX chart asap ... have a good weekend all

Wait for it ... WAIT FOR IT ... PRICE ACTION! BAM! ITM!

We get paid to wait ... icon smile Forums

Pruised
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xx Forums Re: Price Action Trading
on: July 7, 2012, 15:23
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very interesting and informative rusty. continue this thread as i would love to hear more.

cheers.
rustyh6281
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xx Forums Re: Price Action Trading
on: July 10, 2012, 04:38
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Morning all ... its 0930am here in the Sunny UK and i'm done for the day! YAY!!!
Total trading time was 1hr ... the 0930 includes breakfast and writing this!

So with my financial situation looking ever more uncertain, i've decided to really knuckle down and make trading work ... so i'm looking for 2 - 4 trades a day and today was a nice 4 day ..

Me5Gm Forums
Bottom two trades where from my Forex Replicator .. (http://www.binaryoptionsdaily.com/forums/general-group2/trading-systems-forum9/forex-replicator-thread1057.3)

Top two are Price action ...
SHsvo Forums

You can see the two highlighted areas ...
GBPUSD - Nice pin bar, creating a new low and then a spinning top showing indicision ... 15 min exp ... ITM!
EURUSD - Seemed to match the GBPUSD ... Pin bar creating a new low then second indicision bar ... 15 min exp ITM!!!

Closed the middle trade as the price action grew stonger with the creation of the second bar ... Just missed out on closing it at evens ...
Anyway ... 4 trades .. ITM ... day done!

Wait for it ... WAIT FOR IT ... PRICE ACTION! BAM! ITM!

We get paid to wait ... icon smile Forums

Transistor
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xx Forums Re: Price Action Trading
on: July 10, 2012, 04:51
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Thanks for your sharing rustyh.

With you, everything looks so easy lol...

You are my inspiration with your great explanations.

Keep up the good work and enjoy your day.
rustyh6281
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xx Forums Re: Price Action Trading
on: July 10, 2012, 05:05
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Sorry guys ... sometimes Price action SLAPS you in the face!
Off the positive GBP news at 0930 the price SHOULD retrace back to what it was before the news as people sell off their positions and take their profit ...

SRqLm Forums

The second highlighted bars ...

Eq1wq Forums

Wait for it ... WAIT FOR IT ... PRICE ACTION! BAM! ITM!

We get paid to wait ... icon smile Forums

Pete
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xx Forums Re: Price Action Trading
on: July 10, 2012, 18:22
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Rusty,

I like your chart explanations !
Keep up the great teaching........ it helps all of us learn PA icon smile Forums

- Pete
rustyh6281
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xx Forums Re: Price Action Trading
on: July 10, 2012, 18:26
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Thanks Pete ...
This forum has given me a lot and helped me a lot ... so I want to give something back!!
Hope it all helps! PM me if you need anything! I'll help if I can!

Wait for it ... WAIT FOR IT ... PRICE ACTION! BAM! ITM!

We get paid to wait ... icon smile Forums

rustyh6281
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xx Forums Re: Price Action Trading
on: July 11, 2012, 11:47
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Some good PA with this

http://www.binaryoptionsdaily.com/forums/general-group2/trading-systems-forum9/forex-replicator-thread1057.4/#postid-9637

Wont repost it here, please follow the link for my post on 11th July at 11.02 (top of page 5!)

Wait for it ... WAIT FOR IT ... PRICE ACTION! BAM! ITM!

We get paid to wait ... icon smile Forums

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