Such a pitiful tone to your response I suppose a hater's gonna hate I've no doubt Rock.., Sorry..., Hate on Turveyd!!!! RN
No I've been watching people try to trade via PA and teach others PA like it's real for years, but taking a gamble from a single candle stick pattern, is IMHO completely CRAZY. 99% of people fail, interesting 99% of people are also using PA. The fact you need to defend your belief in PA and any other way is obviously ridiculous to you as PA is to me, means you want to believe but I suspect your also failing to get real results off it.
There are +100 different types of price action methods floating around online and probably a few hundred more not even disclosed. Yet, you mentioned "standard PA" that you weren't able to use successfully. 1) Can you give an example of a "standard PA" strategy that you failed at using profitably ? 2) When you tried "standard PA" strategies...did you applied them discretionary or automated ? Also, there's a few international real money trading contests (e.g. Worldcup Trading Championships, Salon Du Trading and others). Many of the top placers use "price action" methods although most of them do not disclosed the specifics of their PA methods. 3) Do you think their (contest placers) PA methods are not standard ?
Very personal reaction, I don't like PA or think it's real, get over it, I never mentioned you. I've seen your charts, I bet your a momentum trader but don't realise it. Had this arguement 1000's of times on other forums, not 1 single time has anyone got close to persauding me PA is real, quickly degenerates ( as it already has ), into a your stupid, but there all losing and be better off trading off a coin flip. 99% of people fail, cause they come onto forums and get taught PA, which just doesn't work. JS started doing well, had some bad trades gave up on momentum and went all PA and is doing worse, go figure.
What are you talking about ? He's a curve fitter like you. Curve fitting is not PA. It's more like random number trading.
Firstly, from a stat's perspective, candle is just Open High Low Close data, nothing more, anyone who is dumb enough to use single bits of data which if you change the time as many charts run off different times can easily read something completely different. Anyone that trades of Doji, shooting star, is an idiot and deserves to lose there money.
I've seen your charts your a momentum trader, your only good bit ( learn to use SL's ), ie curve fitting to you just the same. Your just a swing momentum trader, with a hatred of intraday trading nothing special.
The answer to that statement is I'm new. My cherry wasn't even popped live yet. Give me some time. You trade "PA" and don't even know it. I didn't even know what momo was. Thankfully some friends came along. Advised me to stop pissin money away and learn. Unlike your presence continually entertained at my temporary failure. -JS
You're the first one I've heard that have tried to use single candlestick intervals for trading. Yeah, doesn't seem like something that can possibly work. Maybe those PA contest placers aren't using single candlestick intervals for trading. They must be using other PA methods considering you said single candlestick intervals don't work....hmmm. Do you know of any other "standard PA" methods you've used in trading and weren't able to be successful at using ? P.S. I'm really curious about what exactly is standard PA and how is it different from other types of PA methods.
No you was trying to get on the market with the direction at first, keeping it simple, nice trades, what you'd came to on your own, then 100 people jump all over you, PA PA PA and it creates a if 100's are using PA then I must to, PA PA PA rock on PA, but the issue is there all losing, 99% lose, this is why. Shame, I wish you'd as I said, stayed away from forums and the bad teaching but sadly the damage is done and it's a belief which is hard to break down and turn away from. I started off like you, then got taught PA aswell, putting that wayyyyy behind me, turns out everyone that was teaching me to trade like them for there own ego's was losing huge money, awesome, thanks!!