Price Action Trading Method.

[TraderDude]

Stock setups for 17/07/2012

 

[TraderDude]

Forex setup.

 

[TraderDude]

Today's setups on Stocks and forex.

I may be talking crazy here..but can someone tell how do you not make money with these setups...i hope at least one person is trading these setups..

We have been going through these setups everyday now.

Note that we are using simple & basic tools of trading namely.
1. Support & Resistance.
2. Round Numbers.
3. Fibs
4. Pinbars/Outside Bar confirmation.

Noobies and people struggling, please listen - Learn to use above tools and tell me you still cannot make money after 1 month.

I want to see members making money from these setups and post your trades here with proof, otherwise this thread and me posting these setups is a waste of my time. Since its not helping anyone.

Good luck!!

 

[wisp]

traderdude,nice thread. what is DBHLC? if you get a pin bar at bearish trendline, where will you enter?

 

[TraderDude]

Hi TraderDude, I took long position in SesaGoa at 188 based on your setup. Will look to exit tomorrow.

Thanks for posting the charts. Please keep on posting.:thumb:

NO NO NO....you do not do this..this is wrong. I m not here to give signals.

It looks like you are a beginner to me. You MUST demo this method for at least 2-3 months before trading live.

Please i request you do not trade on my setups. I m only posting them for educational purpose.

It is my fault for my not putting this disclaimer.

I shall correct it in my next posts.

 

[TraderDude]

traderdude,nice thread. what is DBHLC? if you get a pin bar at bearish trendline, where will you enter?

DBHLC - Double bar high low close. This is one of the two bar patterns. We most trade on single bar patterns namely - pinbar , outside bars & inside bars and one two bar pattern - DBHLC & DBLHC.

I will post on where to enter and how to exit in coming charts..

 

[TraderDude]

Setup's for Stocks & Forex - 20/07/2012.

As always: These are for educational purpose only.

Also please note , some of the entries a bit advanced. Study these only after considerable practice. for e.g. you can take a fib retracement of a single bar.

 

[pdeoghare]

Today's setups on Stocks and forex.

I may be talking crazy here..but can someone tell how do you not make money with these setups...i hope at least one person is trading these setups..

We have been going through these setups everyday now.

Note that we are using simple & basic tools of trading namely.
1. Support & Resistance.
2. Round Numbers.
3. Fibs
4. Pinbars/Outside Bar confirmation.

Noobies and people struggling, please listen - Learn to use above tools and tell me you still cannot make money after 1 month.

I want to see members making money from these setups and post your trades here with proof, otherwise this thread and me posting these setups is a waste of my time. Since its not helping anyone.

Good luck!!

I am learning to trade these setups and will post the trades with proofs soon. This week I took a wrong trade in Reliance capital and learnt a lot from my mistake. However a good trade was also taken in Tata Motors

I am still learning a bit on the Fibonacci and the ABCD patterns to add to my knowledge.

Thank you very much for this thread.

Thanks
Pallavi

 

[TraderDude]

I am learning to trade these setups and will post the trades with proofs soon. This week I took a wrong trade in Reliance capital and learnt a lot from my mistake. However a good trade was also taken in Tata Motors

I am still learning a bit on the Fibonacci and the ABCD patterns to add to my knowledge.

Thank you very much for this thread.

Thanks
Pallavi

That's great. Learning to trade takes time, hence keep your positions small. There is no need to risk big to make money when you are learning.Once you have sufficient experience and this varies from person to person, you can trade a nice big account with proper MM.

You must also practice patience and discipline along with TA. This i believe takes longer to learn than anything else in markets. This is where you need to really work hard , because human emotions are very strong , the urges , the greed , the impatience. One must master these to trade successfully. There is no course or any mentor who can help you with this. everyone must conquer their inner demons. However, this is easier said than done.

:thumb:

 

[pdeoghare]

That's great. Learning to trade takes time, hence keep your positions small. There is no need to risk big to make money when you are learning.Once you have sufficient experience and this varies from person to person, you can trade a nice big account with proper MM.

You must also practice patience and discipline along with TA. This i believe takes longer to learn than anything else in markets. This is where you need to really work hard , because human emotions are very strong , the urges , the greed , the impatience. One must master these to trade successfully. There is no course or any mentor who can help you with this. everyone must conquer their inner demons. However, this is easier said than done.

:thumb:

I am trading with small positions and still working on patience and discipline. I am getting a feel of the inner demons

Studying and practicing since January but still a long way to go. Today also was a bad day. Took long in M&M at double bottom pinbar (MACD divergence) but was unsuccessful. Looks like I also need to work on the stock selection. The one I don't trade goes in favor and the ones I trade gives whipsaw. I did not trade Reliace capital Or Infra as I was doubtful :annoyed:

Thanks
Pallavi