Price Action (Patterns) | Forex Indicator Download - MT4/MT5 Resources

Hello everyone.

My purpose in writing this article is basically to give back to this community that has given me some motivation over the years to keep trading after going through many ups and downs and trying almost everything. Not long ago, I found the stability I was looking for, and with it, I "learned" patience and achieved mental balance.

I call it my "Holy Grail."

What I'm trying to say is that I'm not here to invent anything about trading, what I'm doing is what's already been invented, it's just that I don't see it explained well anywhere on this forum, I see brushstrokes everywhere.

In this post, everyone interested in making excellent trades at excellent ratios is welcome.

Here you will find very professional trading based on price action, no indicators, just traders and clean charts.

I'm not selling anything, I'm not expecting anything, so I'll be grateful for everything this thread brings and adds to me, and I'll ignore and omit anything I don't.

notes.

If you are looking for a martingale strategy, an average strategy or an aggressive strategy with little or no mathematical hope, then this is not the topic for you. This thread is the complete opposite. You are looking for serious long-term trading and how long you can stay in the market.
This is very professional trading and you can adapt it to any time frame and type of trader, you just have to know yourself and you have to adjust it to your personality.

This strategy is not suitable for beginners, you need some basic knowledge of smart money and technical analysis, without them you will not be able to track this topic effectively, so I recommend you to learn other topics and when you have the necessary knowledge, come here and try to track the market in an efficient way.

I hope you understand that we are here to make money with minimal risk, this post is not a trading school and if I focused on explaining basic concepts I would stop doing what is really important (making money).

Very important:

The first psychological thing I had to change in order to trade profitably was that I was very selfish with my efforts and time.

Before I trade everything I see.

I allow situations and people to change what I'm doing.

Now I only trade what I plan to trade during my planned trading hours.

I won’t allow anything or anyone to change that for me.

Maybe it's unsociable behavior or even unpleasant, this kind of situation bothers me, I call it "non-stop trading moments", but these focused moments that keep me from straying from my goals are what's important to me (I'm very selfish about what I decide to do).

Strategy:

We can use one, two or three charts, we always work with the smallest chart, this is the one with the lowest stop loss and, therefore, the one with the highest ratio that can be obtained.

Intraday operations:

First I look for the direction to enter the market, for this I use the largest chart I want to analyze and identify it. In my diagrams I usually place arrows after analysis. I find direction by analyzing market structure.

Second, I mark the maximum or minimum when the price structure changes.

Third, I mark the correlation lines (S&R) to which price usually reacts.

Fourth, I mark important areas (different types of OB) and then wait for price to arrive to see how it reacts within the entry time frame.

5. Entries occur in the higher timeframe areas of the chart below to adjust your stop loss and take profit according to your trading plan, where technical analysis data and its confirmation are sought. I marked the areas to confirm the required numbers, HCH, double, triple, floor, ceiling, etc.

Indicators I use:

ADR It is used to see how far the price has moved during the day and some of its averages.

Drawing tool I use it to draw lines and areas on charts.



Observe the image for better understanding.

I write in Spanish, so I use a translator, and I hope you'll forgive me if some phrases don't make much sense to you.