Also if you missed it yesterday check out my latest Trading Video over at youtube. https://www.youtube.com/watch?v=GnGT7YuGvhI The reaction to this week’s video has been MASSIVE as I go on a great rant about the 3 Steps to changing your trading future as well as a breakdown of a simple pattern trade on the GBPUSD .
I’m trying to reach 15,000 subscribers by 2016 so it would be a BIG help if you became a subscriber or at least shared the word with your trading buddies. Of course that’s only if you like the content.
Have a good weekend traders and Syndicate members I’m going to try and give you guys a quick video this morning before heading out of town.
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I've been looking at Akil Stokes strategy and Nial Fuller's strategy and at first I thought that yours, Akil, was using indicators to determine the direction of price. When I inquired about this, you told me it was straight Price Action.
Since then, I started studying Nial Fuller's stuff and raw Price Action seems a bit different than what you're doing here.
(Disclaimer, I don't have anything against your strategy, I'm just trying to find the best fit for myself).
With Nial, he basically just places Support and Resistance and determines, based on pin-bar signals at those S/R areas, where price will go.
On his charts, he only has the S/R area lines and nothing else, yet his trades are working out pretty good for him and his students.
When someone says "Price Action", I can see Nial's strategy as Price Action.
But yours doesn't seem that way. It seems like you're relying heavily on indicators and less on PA.
I could be wrong, but right now I don't see where I'm wrong at the moment.
I guess this is a two-Question thing:
1.) Is this Price Action only, and if so, why?
2.) What kind of success rate does this strategy return on average? (I haven't seen it talked about in any videos).
I also watched a video of his stating that there is a system that supplements tracked traders with large funds to trade in order to make larger profits than they were able to before.
I have only seen that mentioned in one video (there's so many).
I'm wondering if this is something that can be provided to anyone who is successful with any strategy, or if it has to be yours or Jason's.
1.) The person that introduced me to Forex did so with Nial Fuller. He has been using his Strategy for several years now. He at the time, he had a house and two vehicles.
Three years later, he now owns two houses, one fully paid off and three brand new vehicles. I don't know what your problem with Nial Fuller is, but I'm surely not biting since I literally know someone in real life that is successful with Nial's strategy alone.
2.) Nial's strategy suits me. I can follow it much more easily and am more successful in my demo accounts than with other strategies. It simply suits me.
Akil's Strategy is fine, I just lose interest when I try to follow him.
At the core, it's very basic. His advanced course adds more details, but it's still very basic.
One of his former students branched out and teaches an even more simplified version of Nial's strategy. His name is Nick Bencino. He teaches at forex4noobs and it's so simple a child could understand it.
This is the reason I didn't know that your material was still Price Action because I was under the impression that Price Action was purely Support and Resistance, with some candlestick patterns in there.
Currently watching this Alt Bat. Hasn't reached completion just yet.
Based on what I see (although still learning) is that price action has passed through structure highlighted in pink. The Alt Bat completes close to a 2.0 AB extension and the 0.382 CD target is within minor structure at 134.15