Price action trading works in EVERY market and EVERY timeframe. Trading is a skill that can be learned and mastered and it requires work. There is no set of indicators or holy grail that will make you 10 grand per day and make you rich.
I decied to record another day in a life of how I trade. Hopefully this video is insightful to you. You can see how PRO traders trade using price action.
The way I trade is I wait for prices to come to KEY ENTRY POINTS. I just do not take every single possible trade. If you wait for prices to come to those KEY points the probability of your trades will IMPROVE.
#LiveTrading #LiveScalping #PriceActionTrading
TABLE OF CONTENT:
1) First live trade example 2:14
2) Second live trade example 3:58
3) Third live trade example 6:40
4) Fourth live trade example 10:47
Enjoy the video.
More of those!!😀
People tell me they like live trading the most. But it is also very difficult to record, I have to focus on trading, recording and explaining what is going on 🙂
what a day! very nice runner managment!! im learning a lot thanks to your videos. also quick question, what profit target would you recommend instead of a 1 point scalp?
Thank you 🙂
I would recommend going either for 8 ticks (2points) or 10 ticks (2.5 points). When the market is slow and volatility is very low, I go for 8 ticks. In faster moving day i go for 10 ticks.
@Thomas Wade i just changed my ATM settings 🙂 i’ll give it a try next week!
Do you ever let your “runner” run for the entire day?
I generally do not hold runners for a long time. Runner management is very personal and every trader manages it differently. Once i see some money in my account from the runner I am very tempted to take them.
Taking a looser like a champ. Sign of truly skilled trader.
How long did it take you to learn to undestand the market?
A lot of years 🙂 Trading is a skill like anything else and requires 10 of thousands of hours.
But to become profitable it took me about 2-3 years.
I started daytrading on a demo account and this video is very helpful
Hello, my friend. 2m-15s. We have a resistance breakthrough that has turned into support. Support is holding up. From the maximum we have 2EL. Can this 2EL trade also be called a breakout rollback model (breakouts rollbacks)? That’s right, I say.
Friend, how is this signal shortened? For example. Failed second input short — F2ES.
Can 2EL be called a double trap? Because there were also bears (bears in traps) one tick below a good bearish bar.
You are right, it is 2EL and breakout pullback pattern. This entry is not double trap. Double trap is when 2EL failes and F2EL fails too, double trap is 3EL. This entry was legit 2EL.
Hello, my friend. Great video.
Oh Bro super video, I can feel it on your face and voice. Mentally it is very stressful. Keep up the good works. See you in Discord
How are you down $500 on 3 contracts? Contracts are $50, right?