the first rule of trend following is cutting your losses and letting your profits run, i NEVER increase my SL, its against the philosophy of trend following. By increasing your SL yu get married to your trade and miss that the trend might have ...

Pure Price Action Trading

I have same view, looking at that significant level yu have on your chart, and the two scenarios

Pure Price Action Trading

Now time to start managing the trade, hope it will now go lower than our entry and we move SL to BE, but at the moment we can only reduce our loss by moving SL to just above 99.00. If you look at the structure of the market, as a seller, if price ...

Pure Price Action Trading

Cadjpy had broken a significant support level and momentum indicated that selling pressure was greater than buying pressure. When i look at significant levels, i look at what price has been doing before the level, that determines wether i take the ...

Pure Price Action Trading

I don't know your rational for placing the trade and i am couldn't say its right or wrong, coz trading will depend on your trading plan. But from my own opinion, the level you are shorting has been a significant level, that could either hold price ...

Pure Price Action Trading

Its just for learning purpose, yu don't have to trade all the pairs now. You can trade them on demo, thats helps speed your learning curve.

Pure Price Action Trading

I was just thinking if you want us to focus on a few pairs...i am a trend trader so i look at many markets, but for the purpose of learning i was wondering if yu want us only to look at some certain pairs. And what pairs or markets do you want us to ...

Pure Price Action Trading

Another point i forgot to mention is that by increasing your SL, you might miss a trade in the opposite direction, because yu are trying to chase the market by widening your Sl, but you are missing that the trend has changed, if yu were not in that ...

Pure Price Action Trading

Just look for significant zones where there is demand or supply, that means where buying pressure is more than selling pressure and vice versa.....support and resistance. Just look at the charts and the zones i marked can you see hoe they are ...

Pure Price Action Trading

Lets review the zones we were looking at in the beginning of the week, did they play out the way we expected, how did we react when price reached the levels? All the three charts we looked at moves back to the level as we expected, but on eurusd and ...

Pure Price Action Trading

I never increase my SL, if i place a trade and my risk is 1%...it stays as that, i only move my SL to decrease risk not to increase risk. Traders who tend to increase their risk makes a big error because they keep increasing until their account is ...

Pure Price Action Trading

If yu remember my post about gbpjpy, i wasn't looking for shorts until the 185.00 zone was broken and price stayed below..I am still long gbpjpy, my trailing SL @ 183.90

Pure Price Action Trading

I am still in cadjpy, my stop loss hasn't been hit, i am looking to try and manage it to minimise loss, i will only manage when she starts to move back in my direction

Pure Price Action Trading

Charts below shows you some of the level i will be looking to trade tomorrow if we get there. image image image

Pure Price Action Trading

Is the dow ready to drop ???? url

Pure Price Action Trading

How I cut my losses...look at the chart below, lets say i sell on the red box, if price moves in my favour (1) and then comes back to my entry point, then moves back in my favour again (2) then comes back to my entry, and then moves back in my ...

Pure Price Action Trading

Looking at the chart below, i just took a short position in the green box @ 98.50, i wouldn't place my SL above the minor resistance (red arrow), the reasons being that there is a more significant resistance level above it (@99.00), so price is more ...

Pure Price Action Trading

yu don't need to keep your PC on, your trades will be triggered on the levels yu placed your stop orders

Pure Price Action Trading

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Pure Price Action Trading

I use buy stop and sell stop, and take 6 lots at once, stagger the profit targets and manage trade as price moves in my favour. if price goes against me, i usually try to manage trade to minimise loss, so i look closely at price momentum and move SL ...

Pure Price Action Trading