I closed out my short early to keep at least 10 Pips, as it looks like a tight volatile side-ways pattern, without a significant up or down trend...I need to wait: image

My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

In the end, it matters that you use and adequate SL not to be stopped-out and placing your Target to allow it to get hit. Sometimes, it seems that can work, but benefits are usually obtained with the TP-SL ratio being 2 to 3 to 1, or at the minimal ...

My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

I am now testing the USDJPY pair...I am not too crazy about this pair due to excessive volatility making it difficult to best predict a SL and TP-to-SL ratio - let's see what happens on this wild USDJPY rodeo ride:

My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

AUDUSD back-testing finished with 136 Pips over 81 days with 2 trades both wins: image image

My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

I closed out my Short position with Over-Sold (OS) Zone was hit and now going Long again - I did collect some Pips, as if I was Scalping on the D1 TF: image

My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

I am already at 69 Pips, close to my Target: image

My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

I took a short trade at Near-Term S/R Resistance with adequate SL at 113 Pips and TP at 226 Pips as leaving the Over Bought (OB) area: image

My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

I hit my first T...now I see that we may be OB now with Trend turning back: image

My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

Starting AUDUSD back-testing now with first setting up my Key SR Levels, looking for Trend and PA setup on D1 TF: image image

My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

EURUSD Profit 81 days with analysis: Trades = 12 %Wins = 75% P/L = $134 PF = 2.84 (> 1.5 to 2.0) Peak DD = -3.3% (keep <20%) Better than I thought. image image

My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

Some nice PA setups with IBs and PBs. I have been doing some swing trading as well as positional, collecting my profits with the volatile swing market, using a RR 1:1 with TP-113 SL-113 - note the profit curve too: image

My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

Good morning....0904 EST on Sunday here... Well, I am going to work on back-testing Price Action strategy on the D1 TF with indicators again today - starting with EURUSD from 1/1/17 to 2/25/2017. I set my initial equity to $1000 and trading 0.03 - ...

My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

OK, all done with 25 Pips, over 3 month period. However, I did not take all the trades that could have been profitable as I was mostly adjusting my Indicators, and there was a long period of consolidation, before I began trading the bearish momentum ...

My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

Of Note, is that I readjusted my TP from 226 to 116 so that I could get out. I thought the PA would not make my Target, but it actually went over the mark. So, I lost 100 Pips, because I did NOT wait it out, like I should have according to the ...

My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

OK, I am going long now as per the confluence of my 1) Major Reversal Trend off near-term Supportive Zone; 2) my Key SR Levels; and lastly, my Price Action setup: Zoomed-In: image Zoomed-Out image

My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

Zoomed-out Chart to place the Key SR Levels: image Zoomed-in Chart that I use - that is, I go to largest Zoomed-out level, than I Zoom-in the next level - to better watch Price Actions and my basic Indicators: image

My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

image

My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

To trade now, with another Short trade may likely Retrace back to Bullish so near-term Supportive Zone. I will be Patient now, not Greedy and wait in order to KEEP my PIPS- which is perhaps MORE IMPORTANT than making the PIPS, which I understand is ...

My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

OK, my Target of 226 Pips was hit...now, I will sit back and wait for hitting near support and a Price Action pattern before going long: image

My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

Note that I made my SL an odd number i.e. 113 and the TP 226 for a RR of 2:1. Apparently I read somewhere that using even number SL are more likely to be Stooped-out by the MMs. So, I just made under the radar with a Retrace: image

My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!