where can i learn PRICE ACTION trading ?

Discussion in 'Forex' started by ptatrading, Sep 19, 2020.

  1. LMFAO spending billions going to moon to play around and goof off.
     
    #91     Sep 21, 2020
  2. #92     Sep 21, 2020
  3. Tradex

    Tradex

    #93     Sep 21, 2020
    SimpleMeLike likes this.
  4. ph1l

    ph1l

    The link doesn't render properly. This might be better. Maybe you can live without land mine removal and foil blankets, but you probably use some of the other technologies.
     
    #94     Sep 21, 2020
  5. Tradex,

    This was probably the best strategy I can find during my automation days.

    I can tell you this, trying to back test with fixed profit and fixed stop loss is bullshit.

    upload_2020-9-21_21-28-45.png
     
    Last edited: Sep 21, 2020
    #95     Sep 21, 2020
  6. Tradex

    Tradex

    Compared to what, trading without stop and target?

    By the way, trend-following systems perform better with dynamic targets, not fixed exits. Cutting profits short won't work with most trend-following strategies, it will only decrease their profitability.

    The whole idea of following the trend is to capture the occasional large moves until the end.
     
    Last edited: Sep 21, 2020
    #96     Sep 21, 2020
    KCalhoun and SimpleMeLike like this.
  7. Compared to choosing stop loss (risk) dynamically with real time market conditions and volatility. The same for profit target. I keep my stop loss and profit target varying to market conditions. Not fixed. I keep risk equal reward, but I also monitor MFE and MAE per trade so i see how much money I leave on the table per trade
     
    Last edited: Sep 22, 2020
    #97     Sep 22, 2020
  8. kroxobor

    kroxobor

    Functions of what? Volatility, momentum, turning point events (like Fedspeak)?
     
    #98     Sep 22, 2020
  9. risk/reward. IF i understand your question correctly that is.
     
    #99     Sep 22, 2020
  10. Tradex

    Tradex

    There are many ways to exit winning positions initiated with a trend-following strategy: trailing stop based on previous swing high or low, close below/above a moving average, 3-bar low/high, breakout of a trendline, parabolic SAR, etc...
     
    #100     Sep 22, 2020
    KCalhoun likes this.