“Like most traders who eventually succeed I have spent my fair share of nights lying awake in bed staring at the ceiling”
I’ve been trading over 12 years now, and a few years back made the decision to set down all I knew and had learned, in an effort to help other traders, as well as crystallise ideas and the market’s many instructive lessons, in my own mind. Most of all, I wanted to pinpoint…
WHAT WORKS AND WHAT DOESN’T WORK IN FOREX TRADING!
From all the courses, seminars and so on I had done, and most especially, the many thousands of hours spent sitting in front of charts trading, I began to distill the essentials. By this stage I was well armed for the task, having progressed through those stages surviving traders endure. Each stage had layered its many lessons in a sequential and building manner.
But the one WATERSHED moment came when I threw away everything I’d been told was essential and just concentrated on what I’d learned about RAW PRICE ACTION!
Most teachers of Price Action Trading preach that it’s all about simplicity, i.e. stripping the indicators from your charts (although they usually substitute them with their own half-baked indicators or magical candle formulas.) They are at best, only half right.
The sort of Price Action I’m talking about is what I trade – and teach – these days. This is where you strip all the non-performing baggage off your charts and – armed with a detailed knowledge of what actually drives the market – trade the raw movements of price:
1) At the right time
2) Using the right currency pairs
3) With the right risk parameters etc.
4) And most especially, trading off the secret levels where the Big Dog traders hunt! (And just a note here: the Paleo indicator that comes as a bonus to the Price Action Engine course automatically plots these on your MetaTrader charts!)
When I first adopted this approach it felt like invisible chains that had been wrapped around me, fell at my feet. As I emptied my mind of all the parameters, signals and triggers that were jumping out of all the indicators I had choking my charts, and incorporated the fundamental price action knowledge I had gained, price revealed how it moved in an organic manner, and how it acted and reacted throughout a trading session.
In a relatively short space of time I began to feel I had finally entered the world of the market as an active participant in control of my destiny, rather than the confused and locked-out observer I’d always felt like in the past.
That is the way I want YOU to feel when YOU trade, and I am certain that if you take all you can learn from this site and apply it correctly, it is how you WILL feel!
I wish you all the very best in your own career as a forex trader. And if you are reading this at one of those times when nothing seems to go right and you’re about to give up, remember that I’ve been there, and it is possible to pass through to the other side. I can offer no better encouragement than the immortal words of Winston Churchill:
When you’re going through hell, keep going!