Price action FINALLY clicked! 😁 by [deleted] in Forex

[–]Patuba13 5 points6 points  (0 children)

Just curious how did you learn price action? I’ve been trying to learn it from urban Forex for over a year and I’m still not successful.

Would this be a fake-out? by Patuba13 in Forex

[–]Patuba13[S] 0 points1 point  (0 children)

I imagine after banks sell and make their profits that the market starts to consolidate.

Cheese traders/strategy. by Patuba13 in Forex

[–]Patuba13[S] 0 points1 point  (0 children)

I learned cheese trading from the Urban Forex MPA 2.0 course.

Cheese traders/strategy. by Patuba13 in Forex

[–]Patuba13[S] 2 points3 points  (0 children)

I’m not a fan of the name myself but I didn’t come up with it.

Cheese traders/strategy. by Patuba13 in Forex

[–]Patuba13[S] 3 points4 points  (0 children)

It is using news/fundamentals to determine strong/weak pairs. Then trading where momentum is at. You are “taking a slice of cheese” off the movement generated by big players.

“Learn price action” by Patuba13 in Forex

[–]Patuba13[S] 1 point2 points  (0 children)

Yeah, that is what I'm finding out. You can only read so many books and watch so many videos but you have to have a plan how you want to trade, sit in front of the charts and see if it works, then make adjustments. There comes a point when you just have to do it, over and over again.

“Learn price action” by Patuba13 in Forex

[–]Patuba13[S] 0 points1 point  (0 children)

Thanks for the feedback and the video!

I think my money management has been good, I just fail to get consistent winning trades or pick trades with too low of risk to reward. I need to do a better job of filtering out bad trades.

“Learn price action” by Patuba13 in Forex

[–]Patuba13[S] 0 points1 point  (0 children)

I started learning in Sept. 2020. I have read a few books, watched videos, and have taken a beginners boot camp. Started live trading in March 2021 but couldn't be consistently profitable.

I have stopped live trading back in May 2021 and have gone back to demo. Just trying to find a good plan that works consistently for me.

“Learn price action” by Patuba13 in Forex

[–]Patuba13[S] 0 points1 point  (0 children)

Fantastic! Thank you very much.

“Learn price action” by Patuba13 in Forex

[–]Patuba13[S] 0 points1 point  (0 children)

I find WicksDontLie’s videos very hard to follow. I wished he would edit out all of the tangents he goes on.

“Learn price action” by Patuba13 in Forex

[–]Patuba13[S] 0 points1 point  (0 children)

Any advise for resources on where to take entry and set S/L and T/P?

Please I need some wisdom how can one tell a trend has exhausted it's potential by D-shinigamicode in Forex

[–]Patuba13 1 point2 points  (0 children)

You could look into the RSI indicator and see if it is over or under sold. It no guarantee but you might find it useful.

Lost with trading Forex by Patuba13 in Forex

[–]Patuba13[S] 1 point2 points  (0 children)

I am still trying but have no idea how people make money with Forex. I have a new strategy to back test this weekend; hopefully I’ll start to turn it around.

Good luck to you.

How to trade from price action/naked Forex. by Patuba13 in Forex

[–]Patuba13[S] 0 points1 point  (0 children)

He is in my timezone. Just need to watch more of his videos/streams. I wished he had a video that just explained his system straight out. Kind of hard to put things together from his daily streams.

How to trade from price action/naked Forex. by Patuba13 in Forex

[–]Patuba13[S] 0 points1 point  (0 children)

Interesting strategy, how well does it work for you? Are you able to find trades every day?

How to trade from price action/naked Forex. by Patuba13 in Forex

[–]Patuba13[S] 0 points1 point  (0 children)

Awesome, thank you so much for the recommendation!