Join Date Oct 2013 Posts 4

Aaron,

Hello. I have been trading PA Forex for about 18 months now. I started with PA only, from the beginning and no indicators, then tried some indicators to see what the heck they were all about which I am sure we all do. I know the only way to successfully trade Forex is to learn tried and true PA methods. Why? because these signals have been working for over 400 years.

Aaron,

Hello. I have been trading PA Forex for about 18 months now. I started with PA only, from the beginning and no indicators, then tried some indicators to see what the heck they were all about which I am sure we all do. I know the only way to successfully trade Forex is to learn tried and true PA methods. Why? because these signals have been working for over 400 years.

Looking forward to learning more with PA. I am now beginning to have positive months. Been trying to trade the daily candles only and not over trading which is tough to do.

Hopefully this thread can be clean and simple. Looking forward to reading more of your posts. — Duke

Welcome to the community Duke! You are right, PA was around long before indicators. It truly is far superb to any other method of trading and I consider it the Holy Grail of trading. Some traders do it better than others though.

You are doing it right in your first phase in learning PA which is sticking to daily and using simple horizontal S/R levels. This allows you to focus on how and why PA works, without getting overwhelmed with the details of each trade. But like any educational topic, we all must go from elementary level, to middle school, high school and then college level understanding of PA if we want to truly grasp the full dynamics of trading.

PA can be as simple and clean as you want it. Parts of PA are fairly rule based and simple to learn, some of it is more abstract and can be difficult to master. Just remember your goal of a trader is not to have clean and tidy charts, your goal is to understand the market and capitalize off of that understanding. If our goal is clean and tidy, then we really should be become maids or work for a cleaning service. I say that with humor, but in all honesty I don’t learn a method because it offers clean charts, I learn a method because it works and is teaching the whole picture. I don’t make money from clean charts, I make money from my edge. And my edge comes from understanding the whole story and all of the dynamics of the market. I’m not picking on a specific person here, I have ran across countless sites that try and use clean charts as a selling point. If a line on my chart helps tips me off to key S/R areas or problem areas, then I want it on my chart!

With all that being said, there is zero problem if you want to trade with a smaller basket of tools. Many traders are comfortable with that and very successful also. I don’t want to stick everyone in a small box here, there will be wiggle room. So you may see clean charts here, and charts that look busier. But whether if I have EMAs on my chart and you don’t, we can still talk horizontal S/R because those principles remain the same no matter what extra tools I add to my charts. As long as we all follow the same rules and guidelines here, we will all learn a lot.

Last edited by krugman25; 10-08-2013 at 11:59 AM.