Just a very quick post to introduce a video I did earlier in the day regarding a longer term trade conducted along the lines of Price Action Engine/Paleo Indicator trading.
The video should explain everything, but basically this was a trade I took based on long-term fundamentals, benefiting from pullbacks caused by short-term “sentimentals“, and in line with Paleo Indicator levels that the Big Dogs (i.e. very large traders who move the market) are watching.
I decided to exit the trade earlier than I had originally intended – which was several months or more – as the fundamentals AND sentimentals were changing regarding the currency pair involved, i.e. USDCHF.
The other thing motivating me to post this was that I’ve had a number of requests for information regarding what time frame both the Price Action Engine course and the Paleo Indicator are best suited to. As I have said in all the replies to those emails and posts in the comments areas of posts, this kind of trading is applicable to ALL time frames, ALL time zones.The Price Action Engine/Paleo Indicator Trade is perfect for trading ALL Time Frames & Time Zones.Click To Tweet
As long as you incorporate the principles of the Price Action Engine, you can adapt the approach to your preferred timeframe. For example, I normally restrict myself to intraday trades on the 5 to 15 minute, and one hour charts. But this was one of those situations that presented itself that was too good to refuse, and I took the trade(s). As you will observe, the result was really, very nice 🙂
Enjoy the video!
NB: click the expansion symbol to the lower right of the image below in order to see the video in full screen mode!