Good point, often overlooked by dogmatic types who say there are no trends, trend-following strategies have been eliminated by computers or HFT, markets rarely trend, trends end as soon as they are recognised etc. etc.

Does the Market Trend More or Range More?

Usually most of the pairs containing the same currency move the same way - so often all 7 AUD pairs move up together or down together. The odd one out is often AUD/NZD but leaving that one aside, it makes no practical benefit to take 6 long AUD ...

Trading 2 pairs with the same currency

An even more cautious tactic would be to not use the opposite extreme of the trigger bar's range but to push the stop-loss level a bit further down (for longs / or up for shorts). So you could add X pips to your entry to SL distance: you could get ...

Price Action Pullback Strategy

That is a viable tactic, involving perhaps a higher win probability, so its less aggressive than the one-bar signal. Less aggressive entries with greater levels of confirmation benefit from a better win rate but a lower return per winning trade. ...

Price Action Pullback Strategy

Yes, if today's bar completes with a low higher than yesterday's, then the aggressive trend-follower would enter a sell just below today's low. A less aggressive, higher probability tactic would be to wait for a second or third higher low and use ...

Price Action Pullback Strategy

[quote=KayStreet;12910347] ___ If you could please clarify on that more. Sure. Let's suppose you see a nice steady uptrend. Looking at the daily bars/candles, each has a higher daily high than the preceding series of candles. Wait for a daily bar ...

Price Action Pullback Strategy

This is fine. I hope traders who can't decide when to get out take notice.

Always be prepared for a fight and to be pushed to the brink

I have, and its the hardest thing to do to firstly select criteria and secondly stick to them.

Always be prepared for a fight and to be pushed to the brink

What you say is all completely correct. Which does tend to underline my opinion (and that's all it is) that choosing the profitable exit point is the hardest thing in trading.

Always be prepared for a fight and to be pushed to the brink

Yes, it can be any one or combination of these. Of course, your list is not comprehensive, there are additional TA-based factors that are relevant, as are fundamental issues, as much as actual time of day / time of week, competing opportunities for ...

Always be prepared for a fight and to be pushed to the brink

Yes, that's the decision I mean - where to plan to exit.

Always be prepared for a fight and to be pushed to the brink

I find timing the exit from a profitable position is the hardest decision in trading.

Always be prepared for a fight and to be pushed to the brink

Another benefit is that entry is that if you use a pre-set order to trigger your entry, this can be set at a level where price is already resuming its with-trend movement: this builds in a degree of confirmation.

Price Action Pullback Strategy

Forex is not random though at most levels and over most time-frames its too complex to be predictable. The resemblance of forex price movements to random price movements is close enough that people have proven in the past that with good money/risk ...

Forex is random

Not sure what point you're making. Obviously people here post their success stories. Obviously they don't post strategies that don't work.

trading strategy examples in threads are always cherry-picking

I agree, price is the result of external issues affecting the decisions by big banks to buy or sell: I do believe that fundamentals largely drive price. But at the heart of what I'm saying is that if they decide to not do anything to affect price, ...

Sources of sentiment

I know what you mean - I regularly advise people not to focus on their material returns - pis per day or £ per day or $ per day. Focus on the rules of the strategy is essential. But what I mean is, suppose you have a strategy that only returns 2 or ...

Leap of faith...

It seems to me the majority of traders let the market BE a virtual coin-toss. They trade as follows - "Price has gone up: I must go short."

In One Sentence - How Do You Trade?

PS: The vendors also want to make it hard for anyone to compare their system to anyone else's system or performance - so you have to trust what they say when told it will make you a fortune......

System Diluting

Non-disclosure agreements and suchlike constraints against private retail traders taking up and using trading systems are BS. They are designed to protect the vendor's revenue from selling that system and also to enhance a feeling that the buyer is ...

System Diluting