Thread: People say systems dont work (only pure price action does)

Originally Posted by ;

Is this authentic? I have been trading a method I've been profitable with for some time (on demo) before I proceed reside should I learn to exchange with pure price action? ...

Dear sir, wanna share some point of views for this discussion,
I assume the system you mean here's the mechanical ones, well in my view,a mechanical method without human's interfere (particularly for the departure ) have a 50-50 chance of success, why? Because since we knew, markets are random, so some of the time a system might generate positive results and another time it could be negative outcomes. The issue happens as the favorable consequences do when negative consequences consecutively appears, is the traders maintain with their systems in faith? I guess that most of trader can not stand a large number of losses. And, at this point they will be thinking that their system doesn't works (not wondering if your machine be profitable after a 10 times sequential losses because it might also be 10 times sequential winnings? For the average people I am sure they will be start wondering ) And the issue is people will begin losing faith in their systems and begin searching another system since a mechanical method can produce such consecutive losses (yes I am positive )

However, when you exchange the price action, you understand just why you're taking the trades, why did u cut your losses, and why you're exiting for small profits. That means you won't lose faith in since you understand just what you do, what you're doing. And, as another company, among the prerequisites is having faith in what you're doing.

Trade well sir

Originally Posted by ;

Truly, how much more evidence does one need to finally understand not to listen to exactly what the majority states? If the majority says baaaa you need to be barking.

I know it's a while since this was posted but this is what I always say, look what happens on the sheep. . They get contributed to the slaughterhouse!

Read the thread, fine points I think we will need to look at the facts a bit too. . I've been investing for a while now and I've noticed one thing in common with of the big traders that trade big lots and make big money.

They all use price action and utilize daily support and resistance.

Not the silly lines attracted by means of a indior, lines drawn by the trader from previous major turns in the market. . The market repeats over and over itself. . They do not happen often that price gets to these lines, it may be once a week on all major pairs. . Once price becomes there in resistance we look to get a bearish price action signal and when in a major daily service we look for a price action signal to buy..If none happen on the h4 or daily then no transaction. It's a very simple system like I said does not offer many signals.

However that's the most profitable system I have attempted. And I've tried nearly all indiors. They paint signals once they are gone so you will enter after the signal has occurred so the market will turn. . Because of the 50% rule most state that they function however like others said. . Well I disagree. I have tested many egy's in a forex tester program, tried them and the only method I have had work is major support and resistance lines together with price action entrance. .

I have not found any other way of doing it at all. . And that was me spending countless weeks analyzing all sorts of indiors. And with a tester application that means years of trading. . None I tried worked except price action. If you have not used a forex tester I suggest you do. . Do around 10000 or more transactions and see how you see systems that are various, try all of them. . I've tried many. .

Actually I found that price action style I said above gives around 75 percent prob plus a good risk reward too, most transactions performed may be a much as 100 to 150 to 200 pips to a single trade... Or more should you lock in pips. . This isn't uncommon and then for reductions of around 50 to 70 pips if you are wrong. . It doesn't even matter if you lose half your transactions with price action activates. You still make profit.

I guess everyone should consider all those who make money from trading full time, not those who do it part time hey. . There is big money in this company once you can see the patterns in the market. . Good luck all, this is just my opinion, I hope it helps some people complete. .

Regards,

Timon

Originally Posted by ;

Is this true? I have been trading a system I've been profitable with for a while (on demonstration ) before I proceed live if I learn to trade with pure price action?

Everyone says over time that your method will fail unless you're using pure price action. EX) Support/Resistance, trendlines, candlesticsk. I guess my questions are

1) Could you trade long term with a system and be profitable
-Bolinger Bands, Moving Averages and stochastics
2) Are there some profitable traders which have been trading 3years profitably with all the...

people generally are idiots. Price action is a bullshit discretionary method of destroying accounts. Many accounts have neglected triying to attain in this area. As long is a scientific method of studying the markets that the bullshit way of this trader doesn't make sense. Do you want the reason why men and women neglect? 1 is discretion .trying to be the master of those markets. 2 those who use systems fail because the programs are badly designed and likewise don't do the backtest. A system must be able to produce results any instrument and regardless of date, in virtually any period. A system is profitable since the begining of the markets and will likely continue to produce superior results.

This forum is good for price action confluence trading https://forexintuitive.com/forex-tra...shell-sam.html