What do you think is the best (fastest) way to learn PA? - Page 2
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Thread: What do you think is the best (fastest) way to learn PA?

  1. #11
    Another tip: avoid multi-timeframe pattern trading. You are able to get conflicting pattern signals like shorting on m30 and longing. Stick to longer timeframes or patterns that can provide you enough time to anticipate and react. With this way you can have time for yourself a life(family, friends, dayjob, etc).

  2. #12
    Screentime Before your eyes bleed

  3. #13
    Quote Originally Posted by ;

    If You're serious about PA, start off with the Fundamentals. Hit Google and find out about Open, High, Low, Close (OHLC). In PA trading that is about as basic as....
    This is one of the top advices for both newbies in addition to encounter traders, thanks.

  4. #14
    Quote Originally Posted by ;
    The best, quickest way to learn would be to put money in the game and lose it. Nothing will inspire you faster...
    I totally agree with this strategy. Seriously.

  5. #15
    Quote Originally Posted by ;
    This is one of the top advices for both newbies as well as experience traders, thanks.

  6. #16

  7. #17
    1. Read thread and every book possible.
    2. Open a demo account, exchange it, grow it on the higher time frames for 6 months
    3. Then start a real account.

  8. #18
    Laff, post once, get subscribed.


    Reading novels is fine, but you won't learn how to exchange from novels. You can learn new concepts, but no book is ever going to make you a better trader.

    Forum threads will be the exact same manner. They can teach you new concepts, but unless you employ these concepts during a trading session... they aren't going to do anything to you. Some of the threads on here provide the information that is most useless.

    Talent is a joke. Nobody is born being able to exchange.

    Screentime is great, you need your 10,000 hours I am sure. But let us face it, it's about what you do during these hours more. If you exchange on the daily, what exactly are you really going to stare at? Exactly the pub, for hours on end? What's that going to do? Use it, if you insist on screentime. Run trading simulators, operate thru rear data, look at market patterns, look at how every pair has shifted behavior over time and acts. Do something productive with it, do not just stare at your screen.

    Demo accounts might assist, but demos do not feel the same. Subconsciously, you know it's fake cash. You won't feel the pain of losing, with a click you can make another demo account. Demos are helpful, but their usefulness ends before teaching you how to trade.

    You wish to learn price action? Allow me to save you the moment. Price action will not make you profitable. Price action is 1 method to exchange, perhaps and a means a way to exit, but it is not the magic answer. Wish to find out price patterns? Fine, there's plenty of places to do so. They're trivially simple to discover, Google for em. But as somebody who has nothing and has crunched the numbers to sell you: no advantage is provided by them. They are just less likely as they are to go down, to move up. What's worse, they can go to suck you then turn tail and run. Ya gotta know when to hold em, know when to fold em...

    the ability of price action is not the pub patterns. The ability of price action is where you get in the trade, and where you manage your trades at. It is the resistence or support place you pick. It is your ability to pick on support or resistance areas which will probably yield an order pile. But that is not it comes from experience. So if you do decide to spend time learning PA, do not expect the pub pattern jargon to make you rich. It won't. What is going to assist you building that in your subconscious through active trading, and is determining why they decided where they opted to go into. That means you have to try, try and fail, over and over, until you get it.

    As for the remainder, perhaps this means longer TFs, perhaps it doesn't. It means using indiors, perhaps it doesn't. It means exiting losers quickly and using a stoploss that is tight , perhaps it doesn't. It means scaling it doesn't. That is stuff you'll need to figure out.

    If all you want is to find out PA, eh, get a book or something. If you want to understand how to exchange, on the other hand, receive a Oanda account, ditch $100 into it, and exchange pennies. That's real. You will lose the cash, but consider it .

    The remainder is just trivial things they sell in novels. The kindof material that has never made anybody (aside from the author) a dime.

  9. #19
    Hi Rabbid I agree with everything you say. PA out of context does not indicate that a thing.I have been trading PA for the last year but I really don't find it a very powerful advantage. I was generally sticking to head and shoulders patterns but its a slow fruing procedure! I'm still fighting to be always profitable but I was wondering if you're profitable and if so for how long? No worries if u don't want to answer this query - cheers.

  10. #20
    Quote Originally Posted by ;
    Hi Rabbid I agree entirely with what you say. PA from context doesn't mean a thing.I have been trading PA for the past year but I really don't find it a very strong edge. I had been generally sticking to head and shoulders patterns but its a slow fruing procedure! I'm still fighting though to be always profitable however I was wondering if you're profitable and if so for how long? No worries if u do not want to answer this question- cheers.
    I posted a response, then realized... I do not need to take this thread off-topic like that. It is lame. Msg me, if you'd like the replies to this.

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