Price Action strategy
Feb 09, 2014 at 19:43
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10 Replies
Feb 11, 2014 at 07:59
Hi ...
I'm trading Price Action only since 4 years. I guess it is the only way to make profit in this market.
It is much more comfortable than technical analysis one.
After long time I realized that working with minimum lot size on many different currency pairs will reduce the draw down and increase the profit.
Good luck to all ...
oshaban
I'm trading Price Action only since 4 years. I guess it is the only way to make profit in this market.
It is much more comfortable than technical analysis one.
After long time I realized that working with minimum lot size on many different currency pairs will reduce the draw down and increase the profit.
Good luck to all ...
oshaban
... oshaban ... skype: oshaban27 ...
Feb 11, 2014 at 20:22
Hi oshaban,
thanks for your answer, i'm new in forex and trading Price Action since 3 months and usin only Daily Pivot Points indicator, what you say about work with minimum lot size is very interesting for me. I have one account with €2,000 and working now with 0.25 lots, do you recommend for me to up to 0.5 lots and do two or three simultaneous trading ¿?
many thanks for your help !!!
regards,
Carlos.
thanks for your answer, i'm new in forex and trading Price Action since 3 months and usin only Daily Pivot Points indicator, what you say about work with minimum lot size is very interesting for me. I have one account with €2,000 and working now with 0.25 lots, do you recommend for me to up to 0.5 lots and do two or three simultaneous trading ¿?
many thanks for your help !!!
regards,
Carlos.
Feb 11, 2014 at 21:51
caguilarg posted:
Hi oshaban,
thanks for your answer, i'm new in forex and trading Price Action since 3 months and usin only Daily Pivot Points indicator, what you say about work with minimum lot size is very interesting for me. I have one account with €2,000 and working now with 0.25 lots, do you recommend for me to up to 0.5 lots and do two or three simultaneous trading ¿?
many thanks for your help !!!
regards,
Carlos.
Hi Carlos ...
Honestly, giving my opinion about such settings is not easy for me as I don't know your settings and also your account specifications like account lot size, leverage, ...
I'm sorry, I can only give advise to my own systems as I can take the risk because I know what they are.
Wishing you all the best,
oshaban
... oshaban ... skype: oshaban27 ...
Feb 13, 2014 at 07:11
oshaban posted:caguilarg posted:
Hi oshaban,
thanks for your answer, i'm new in forex and trading Price Action since 3 months and usin only Daily Pivot Points indicator, what you say about work with minimum lot size is very interesting for me. I have one account with €2,000 and working now with 0.25 lots, do you recommend for me to up to 0.5 lots and do two or three simultaneous trading ¿?
many thanks for your help !!!
regards,
Carlos.
Hi Carlos ...
Honestly, giving my opinion about such settings is not easy for me as I don't know your settings and also your account specifications like account lot size, leverage, ...
I'm sorry, I can only give advise to my own systems as I can take the risk because I know what they are.
Wishing you all the best,
oshaban
I understand :)
i'm working with IC Markets and using a 1:200 leverage ... 15min time frame
best regards,
Carlos.
Mar 30, 2014 at 15:00
caguilarg posted:
Hi oshaban,
thanks for your answer, i'm new in forex and trading Price Action since 3 months and usin only Daily Pivot Points indicator, what you say about work with minimum lot size is very interesting for me. I have one account with €2,000 and working now with 0.25 lots, do you recommend for me to up to 0.5 lots and do two or three simultaneous trading ¿?
many thanks for your help !!!
regards,
Carlos.
Hi carlos;
If you're a new trader I don't advise you to use 0.25 lot for an account of 2000$! When you enter with your first trade, yeah it sounds small, but when the market goes against your position and you start adding bad positions, you'll find yousef in a terrible situation.
With 2000$ I suggest to you to start with 0.1 lot, so you can add a new position if the price reaches a specific level.
Don't be greedy, set a reasonable and realist goals and you'll never get stopped out.
Quand on veut on peut
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