So solly! 
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It annoys me to no end how arms manufacturers can dare call themselves defense contractors. When an army is in offense, it’s not on defense. But I guess that’s their shtick.
“Really! We sell these weapons for the nation’s defense only! It’s not our fault if the government goes to war, overseas, again, this year, again! Even if some of our advisors are former top U.S. government officials, who went to war and made us a LOT of freaking money, it’s not like we like them or anything for it!”
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And in other news, getting back on the topic of trading. Trying out a new strategy on the E/U running the 4H chart. So far so good. I’ve done a few trial runs and made some pips. I’m going to talk to my cousin that does some programming, and see if he can set up an automated system that works while I sleep, for a nominal fee. If he can’t get it done, I’ll hit up the mql community. I used to trade 10-4, but movements have been quite a bit different lately. So I’ve either been over trading and losing big, or not trading and missing out due to this pesky thing called sleep. I’ve been both forward and backtesting this system out the wazoo for about 3 years now. It works. I don’t like leaving everything in the hands of AI, but I’ll give my computer AWESOME ram if it can help me make a solid living.
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Look at where next resistance level is going to be! 1.1250 to 1.1270 is where I just executed an entry order to short! Next target should be to 1.11 to 1.10. Price action never fails! The name of the game is patience!
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I went long at 1.1228, getting out at 1.1239. To hell with the surge, just give me my meager peasant pips, and I’ll get a good night’s sleep. 
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For those with little trading experience do not take this statement literally. Price action trading is trading what the chart represents visually without indicators and fundamental bias.
If you were to ask 100 traders what price action trading means to them you would likely get 100 different answers and the visual interpretation of the chart will also provide many different opinions based on scale and time etc.
And yes it does fail as not everyone can be going in the same direction, there are always buyers and sellers. Here is an instance that I recall some time ago when the world and his wife was calling for EU to parity and beyond, visually it did a great job of sucking people in to jump on the short train.
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It depends what time frame one trades in! Price action only works if one is trading the daily and weekly! I have done quite well this year despite the market influencers of CB’s public performances!
You may have done well. That’s not my point. Price Action does fail. I’ve just shown an instance on a weekly chart that suckered in god knows how many shorters Week 49 of 2016 showed rejection of the 1.850 area with a subsequent break of the prior year lows. Visually that is very enticing for breakout traders and continuation traders.
EDIT:
And with regard to time frame etc it makes no difference as everything happens the same, within each time scale. The same tricks and bullshit goes on regardless.
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Your premise is subjective, and yes you are right it fails, but only when other factors of the methods and fundamentals associated with trading price action are ignored. It never failed me and I have remained profitable as result.
No you are wrong my premise is objective based on the well publicised failure rates of traders.
When you bring in “other factors and fundamentals” that is no longer just “Price Action” and I just want to be clear here that any onlookers don’t zoom off and take anything you say or indeed what I say "as read " just because we might appear to know what we are talking about. This is a very small community when compared to FF and Jim & I wanted it to be about sharing the different styles of trading we all do, our personal trading thoughts and insightful guidance for any onlookers to help avoid the usual BS FF style hype of “Never Fails”, “Sure Fired” etc etc I’m sure you didn’t intend your post to make it sound like the “Holy Grail” type BS we know of.
Your premise is subjective to me and your opinion is just as valid as mine, so no I am not wrong we just disagree. Just as you point out that there are traders who have failed there are just as many who are successful as well as it is a zero sum game and there are reasons why that is. I also disagree with you about the part of other factors and fundamentals as not being part of price action, and you are completely wrong about this and your statement makes no sense, in fact it’s a contradiction! Perhaps you have a different definition of what price action is and what it means?
As far as the FF stuff that you elude to, I never really followed any of it only because I was already a successful professional trader long before I even started at FF, so none of the nonsense that was posted there never mattered to me, so you know more about FF and what went on there than I did!
And on your last statement, again we philosophically disagree! It does matter, and from that stand point you reveal your level experience to know that is completely inaccurate and wrong with a tinge of cynicism that hints at having a jaded view when it comes to trading!
You always have to make a mountain out of a mole hill.
Disagree
Wrong. PA is widely accepted as trading just the information from a chart. Also I did say about 100 different opinions on this which is why it is wrong to say it never fails.
Of course you didn’t as a professional trader what would you want to frequent a place like that for.
What does , I never said anything didn’t matter ?
And what kind of BS is this suppose to mean ? You have no clue of my experience. Yes I’m cynical and what of it ?
You started this discourse by trying to state I am wrong when in fact I am not! So according to you if I make a rebuttal to your statement I am making a mountain out of a mole hill! Gotcha!
That is perfectly OK, we can disagree! Doesn’t mean your right though!
Of course it’s according to the chart and where did I say it wasn’t? I think you are trying to cherry pick my statement to twist it to mean something else when in fact I never stated specifics, so no I am not wrong and you are making assumptions! Also just a clarification: When I said it never fails what I really mean that the method that I trade by which is price action is guaranteed to make you profitable more times than not, but no where did I say you will win 100% of your trades. I never knew anyone who can claim that! You can always put your money where mouth is though, I know I did when I posted my original statement and let’s see if my trade wins or not!
This is what I am talking about! Time frame does matter and you are completely wrong about this!
Just making an observation about your previous statement and you don’t sound like someone who has an objective view when it comes to trading! Your statement comes off as jaded!
Whatever Doc I think anyone here can see what I’ve said. I’m not the butcher , the baker, the candlestick maker and anything else that can be dreamt up.
I started the discourse by explaining to onlookers not to take the statement “Price Action Never Fails” as a literal, a given I also included about taking anything I said as gospel too.
If you want to start a pissing contest you started with the wrong person. I can show some people a few tricks to possibly shave a bit of time off the learning curve as I’m sure the handful of posters here can too. I don’t profess to be anything other than a guy who makes more than he loses, that is it. I trade full time. I don’t need a competition with you or anyone else. I put my money where my mouth is most trading days for myself not for a show of peacock feathers. And yes so what, I’m jaded and cynical and again what of it ?
You don’t have to keep using exclamation marks to say I’m wrong. I’m not deaf. I maintain time frame makes no difference, the only thing that changes is the scale of the trickery. The same stunts are pulled on every time frame and repeated over and over.
Of course this can all be discussed and is valid conversation which is why the thread was started but it gets away from the origins of the conversation.
You can make sweeping statements like “PA never fails” and for that matter so can I or anyone else here make similar statements but again I say to onlookers take it all with a pinch of salt.
On the whole I think I have avoided making such statements for the very reason I stated.
Go for it! Like I said I already stated what I have done with a proven methodology that works, as I was pretty transparent what I said! It’s not a pissing contest either, you are the one who said I was wrong and all I am saying is back it up! I am willing to put it out there, so why can’t you?
And I am saying that it does, and there is no trickery involved. Someone who trades the one hour as opposed to someone trading the the daily and longer periods are vastly different approaches! Even to a layman that point is fairly obvious and is a poignant fact taught by the best Traders in the world, so why you would disagree with that is beyond me!
Meaning I’m not up for silly fucking games. I have shown the way I trade for those who were interested. What is it you want me to back up ? What is it with you ? I really don’t care about your methodology and if it works for you that is fine. I reiterate my concern with the initial post was about stating “PA never fails”. That is the top and bottom of this. Now regarding what we think about time frames is another story and again we all have our own opinions and I maintain everything that happens on 1 min happens on one month with the only difference being the scale, I really don’t care about what the world’s best traders say as I don’t follow any BS out there so my thoughts on that will clearly have to remain beyond you. If these so called world’s best traders were truly sharing such valuable information there should be a hell of a lot more profitable traders out there.
Just steer clear of the " ??? never fails" type talk in here as I don’t think it benefits anyone.
If you want to share where you have an order to buy or sell and where you intend to take profit that is fine but it doesn’t really benefit anyone without context of why you take that view and also where your risk lies to say if,else, then…
I have in the past shared quite a lot and given levels and why. I have given full methodology and lots of live stats elsewhere and some here but I have stated a few months ago that I can no longer share level specifics for the time being in an open nature but I’m sure a couple will attest here I have tried to be accomodating in that regard in private.
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Don’t be a moron! Sit down shut up you big bald fuck! (Of the latter I am just kidding before you start to have melt down)
No seriously, what the fuck is wrong with you? Every moment should be a teachable moment! Put in a trade a share it! Are you that dense? That is what I was getting at!
No it is not! This is a basic fundamental that you simply fail to acknowledge or get and of course you don’t give a fuck because you are not mailable to change or to learn! Blah blah! That is the difference why you still drive around in a piece of shit Renault and why I can drive whatever I want!
I did share it but you chose to ignore it, and the rest is more BS excuses on your part!
I don’t have to say any more, you have shown what a total wanker you are right here.
I explained my back story some time ago. You go and drive what the fuck you want I’m still happy with that Renault because I have no desire to try and be some flash twat. It has a really good Nissan engine in which is bullet proof and does me just fine. I also do most of the repairs and all of the servicing myself too. I’ve just made my son bespoke flight cases for all his musical equipment. I also like making stuff from scrap metal, I do all kinds of shit like that because I’m from a make do and mend upbringing and I like doing it. Material shite like flash motors don’t impress me you mindless shallow fuck. I don’t need to brag about what I can and can’t afford as it has nothing to do with the topic.
Now go and decide what your next fantasy figure is you moronic wanker.
Butcher, baker ,candlestick maker…
or Soldier, CIA agent, Professional Trader since forever, Hong Kong bullshitter.
Ha ha! Thanks for the laugh Stu! That is some pretty funny shit you go on to rant about! How so big of you to go and resort to name calling, I Guess I hit a nerve! Now go learn to trade you big bald fuck! Ha ha ha! I am still laughing! Do you still believe the Earth is still flat?
You can allow this stupid fuck (@Dr_Manhattan) to carry on and ruin another thread as he does regularly or fuck him off out of this thread. Or close the thread.
I think you will see who initiated the getting personal touch/ name calling like he always does, it’s easy to insult people when you know no big bald fuck is there to physically show you the error of your ways.