Price Action Trading Method.

vssoma

Well-Known Member
Ah...yes..the trading automation business. I see plenty of this in MT4 also. the famous MQL programming language.

After years of studying the markets , i have found that automated trading for retail(aka us) does not work and will simply kill you in the markets.

This idea of automation comes from trading a mechanical strategy. People fool themselves that some mechanical trading strategy will work , only to find out later and wonder why things went wrong. People fail to understand that a market is exactly like a human with emotions and these so called Robots cannot understand emotions, hence they fail at trading.

May these traders come to their senses , before they bet it all on skynet.....:D

and also indicators, Please for the love of god don't use them if you don't know how they work or how to use them in right conditions..

A simple horizontal line is all you need for trading...........

dear TD,
you are rocking...i just subscribed your new thread also...really most of users tired using all of this indicators . but this price action is really good work...and keep continue...
 

EagleOne

Well-Known Member
Ah...yes..the trading automation business. I see plenty of this in MT4 also. the famous MQL programming language.

After years of studying the markets , i have found that automated trading for retail(aka us) does not work and will simply kill you in the markets.

This idea of automation comes from trading a mechanical strategy. People fool themselves that some mechanical trading strategy will work , only to find out later and wonder why things went wrong. People fail to understand that a market is exactly like a human with emotions and these so called Robots cannot understand emotions, hence they fail at trading.

May these traders come to their senses , before they bet it all on skynet.....:D

and also indicators, Please for the love of god don't use them if you don't know how they work or how to use them in right conditions..

A simple horizontal line is all you need for trading...........
Brain bhi toh horizontal line mein hona chahiye na, TD bhaaya!!!
As I said, AFL gives them assurance of being in control... As the saying goes: People buy big cars to compensate for something 'small' in them!;) :lol:
 
dude,

can you please explain how you come up with 3rd point....divergence...
It's quite simple Jhonny.

I am assuming you know what is divergence.

Now when price movement is not in accordance with MACD , we see a divergence.

In the above post. Price made a double bottom pattern @ 7450 level and MACD showed divergence.

The Double/triple tops/bottoms with MACD divergence is one of most reliable setups i know, but we also wait for bar confirmation before entering. I take it even one step above. After i get bar confirmation i enter on the next S/R level.

Hope it answers. Also there is plenty of info on MACD Divergence and how to trade it.I don't trade it any different than what is out there..
 
It's quite simple Jhonny.

I am assuming you know what is divergence.

Now when price movement is not in accordance with MACD , we see a divergence.

In the above post. Price made a double bottom pattern @ 7450 level and MACD showed divergence.

The Double/triple tops/bottoms with MACD divergence is one of most reliable setups i know, but we also wait for bar confirmation before entering. I take it even one step above. After i get bar confirmation i enter on the next S/R level.

Hope it answers. Also there is plenty of info on MACD Divergence and how to trade it.I don't trade it any different than what is out there..
Thanks for this explanation.
 

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