According to the title, everyone understands that the focus of this article will be the real Price Action trading experience that we have learned in this blog. How about the result? Is it profitable or not? We go to the next section to dissect the causes of failure or victory in the most detail to learn as much as we can.
First, I would choose to trade only EUR/USD currency pair because of its high liquidity. Next, each trading order will be invested $500 with a prediction time of 30 minutes. It is important that the entry signal must be clear and correct to enter the order.
Well, here I give you a little tip. It is on Monday that the currency pairs will have more unpredictable volatility than on the other days. Because on Saturday and Sunday, the market stops trading. If there is important news, then the opening day of the week usually runs very strong and unpredictable. So we shouldn’t trade on Monday.
Real price action trading in the last week of July 2022
Order 1 – July 26, 2022: The price successfully confirmed the Double Top pattern. There was an opportunity for me to open a bearish order when the price has penetrated the neckline and closed the candle below. The result I predicted was correct when the price continued to go down and brought me a $410 profit.
Order 2 – July 27, 2022: The market formed a bullish price channel in the first session of the day (Asian session). To reduce the risk, I watched how the price reacts every time it hit the support level. You should remember that when the market is bullish, opening bullish orders will be given priority.
After 2 strong bounces when touching the support level of the bullish price channel, I decided to open a bullish order at the 3rd touch when the signal was a strong bullish candle with a lower beard close to the body, showing strong price rejection. The result brings a $350 profit because the payout is only 70% in the morning.
Order 3 – July 29, 2022: The Three Falling Peaks pattern appeared when the price approached the 2nd bottom and penetrated it with a very powerful Trend Bar candle. That was a clear signal for me to open a bullish order. In this order, the result was not unexpected for me. The price continued to fall further, bringing back another winning order.
Summary
Do you think it’s all too easy? Earn 3 winning orders that bring back $1170 in a week like a piece of cake. Please stop that thinking immediately because I have been trading for more than 4 years now. After going through so many ups and downs, I practiced such a skill. If you are not mentally stable, you would have dared to open an order with an amount of $100 or more when you are not confident in your judgment.
Thus, gain more experience by practicing what you learn in a DEMO account or try trading with a small amount of money to get the best trading feeling. After that, start increasing the volume gradually like 10-20-30-40… Then you won’t be surprised and psychologically disturbed when opening orders with large amounts of money. Wish you successful trading.
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