The support forum is built with (1) General and FAQ forums for common trading queries received from aspiring and experienced traders, and (2) forums for course video topics. How to Trade Price Action and How to Trade Forex Price Action videos are consolidated into common forums.
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I have been studying Al now for over 2 years. I think, I am just a late bloomer to becoming profitable. Recently, re-watching the videos trying to focus on just two setups. MTRs and Pullbacks in the Forex Market on the 5m to 4hr charts (I am active duty Air Force so I have limited time in the day).
Does Al focus on those two specifically for beginners because it helps you see when the market shifts from always in long to short (vise versa as well)? In my understanding if you always went back to the last MTR it would help decide the direction to trade into. Also if you can recognize that it would be easier to spot trends to enter on a pullback?
I am constantly looking at charts trying to practice looking for MMs (S/R) and MTRs, correctly assessing the Market Cycle, and looking for what would be an example (historically) of successful trade setups.
Any tips on how to avoid over analyzing or a minimum list before entering (I believe Al says at least 2 reasons to enter a trade in his books, I couldn't find it in the videos)?
I appreciate any and all help! Thank you for providing an incredibly comprehensive instruction on trading!
Does Al focus on those two specifically for beginners because it helps you see when the market shifts from always in long to short (vise versa as well)?
MTR and PBs are good for beginners because you can see them forming in advance, giving you time to think and act. Other than that, they are not better or worse than any other setup.
In my understanding if you always went back to the last MTR it would help decide the direction to trade into. Also if you can recognize that it would be easier to spot trends to enter on a pullback?
Yes, as a starting point, this type of analysis can help but take into account that the MKT sometimes makes unexpected things, taking the low probability path, so you need to be alert doing the bar-by-bar analysis.
Any tips on how to avoid over analyzing or a minimum list before entering (I believe Al says at least 2 reasons to enter a trade in his books, I couldn't find it in the videos)?
I wish I could give some guidance... it would mean I could guide myself as well 🙂 In his books, Al teachs to have two reasons to take a trade but, guess what, you can many times find them for both sides (most of the time, bulls and bears are closely balanced). And this is where the difficulty comes from so, be patient, try to learn to spot one particular setup of your choice and keep adding setups once you master it. MTRs are the best to start with.
If you need help, you can always post charts here and we will try to help.
