The question that still not been answered. Did you curve fit, ie adjust the parameters to give the best results from the set of data that you were using or did you decide on a strategy and then backtest it. If curve fitted then you are unlikely to ...

Question for experienced trade system creators and theorists

The form of hedging where you simply open the opposite of your open position has no foundation in common sense. If you have an open long position that is losing, what reason do you have to open the opposite position? If you believe that your losing ...

Hedge a losing position?

It really depends on the average length of time that you are in a trade, how many trades are you likely to have open at any time, especially with correlated pairs and what is the total risk to your account at any one time with multiple open trades. ...

Question for experienced trade system creators and theorists

Much the same as Jeuro has said already. Is this 3 months of backtesting or 3 months of testing in real time. Lots of people do backtesting using a strategy tester and tweak the parameters until they achieve the best theoretical results. This is ...

Question for experienced trade system creators and theorists

H1 Has broken up from the trading range. Bears have taken price back down to the break-out but as yet seeing of signs of the bulls pushing back. Time for me to shut down anyway. I have absolutely no idea where the market will go from here. image

Trading Gold with PA

If you have made a trade or see a set-up that is priced purely on PA, then feel free to post. If MACD, RSI, Stochastics or any other similar indicator/oscillator has influence on taking a trade, then this is not the place to post.

Trading Gold with PA

Tick value is 1 cent, pip value is 10 cents 126 ticks is eff all when most traders are trading with a broker's spread of 50 ticks. This is a price action thread Your link has nothing to do with PA. Please take your spam elsewhere. Kindly delete your ...

Trading Gold with PA

I should also point out that I may have noticed this correlation and I think that I understand why it happens, I have not been able to find a way to use it to improve my trading. I don't get involved in the parties any more. I have a pretty good ...

Trading Gold with PA

I have noticed that there is correlation with the USD and Gold. Because Gold is traded and priced in USD, if the Euro rises against the $, it effectively makes Gold cheaper for all those in the Eurozone. Theoretically that should stimulate demand ...

Trading Gold with PA

Well, to my mind, taking a long before the break-out is jumping the gun. Nothing wrong with that, after all, I feel that taking a position based on M15 charts is also jumping the gun. It allows you to get into the market with a smaller SL with ...

Trading Gold with PA

Held off posting while trying to catch up on some sleep. One of the joys of living in rural Thailand is that people can have parties that last for days and they hire amplifiers and speakers more suited to a rock concert. They have zero consideration ...

Trading Gold with PA

Nice and clear analysis

Trading Gold with PA

Now that's a post that I can understand. I wouldn't necessarily agree, but that's what makes PA analysis interesting. Just my POV, I would wait for a break-out of the top of the range before considering a long position and then preferably with a ...

Trading Gold with PA

Walt Disney Co. Uptrend could be running out of steam. Price has been unable to push through the high for 5 candles. Maybe worth a small position short if price breaks below the low of the last candle. Counter-trend, so risky, any break of the high ...

Price action stock trades

35 pips is good if a 30 pip SL, not so great if a 300 pip SL. Dadas, this thread is about PA. Posting a chart and saying that you are long means nothing if you are not giving any reasons for taking a long trade. Anyone can put some S/R zones on a ...

Trading Gold with PA

No, I was right today

Trading Gold with PA

Who would be long in this market? image

Trading Gold with PA

Took some nerve holding that short position when it kept testing the highs. Time for me to shut down for the night. Yet again taking a very small profit and feeling that I could do better. It's profit at least image

Trading Gold with PA

Price is near the high of the trading range. I am seeing reasons to enter short on M15 and I have opened the trade. As I said earlier, the possible profits are far greater than the SL What you see on the chart is that we had a bullish candle that ...

Trading Gold with PA

One of the problems with the H4 charts at the moment is that placing a sensible SL means 3, 4 or 500 pips. Even with mini lots, for many that means that they are unable to practice good risk management. 160 pips profit may sound great, but where was ...

Trading Gold with PA