i only took about half of these on the candle he wanted us to. many were wait for more info. and i would have won multiple times on many trades going the other way first to support or resistance only.... not 1 to 1. It's still a good way to test your skills. But I actually would have taken closer to 50 trades here and won most.
Just off the first question I had to leave a comment. That market is clearly in a down trend those Three long bearish candles represents a black crow which is a very bearish signal. The two green candles is not enough to make me say that the market has reversed especially since they didnt break and hold against any level of resistance. The following candles shows my prediction wasn’t wrong and the price went further down than up. But that’s just how I perceived things and regardless if you would of made that trade and got in and out when you did makes you right as well.
One request kindly take setups that we actually trafe like the find , trendline and support ,many of it was quite random i hope uou understand nick .love from India ❤️
Not really feeling this one. This is more guessing than actual trading. it doesn’t consider timeframe correlations, candle confirmations, confluence trading etc. Personally wouldn’t backtest like this but i guess everyone is different 🤷🏽♂️
Have you watched the screen during the trading day. It’s so repetitive from watching the market play out during the day I feel comfortable watching this with the speed control
I I didn't take 16 trades. The four I took were 4, 7, 12 and 17. I won 4, 7 and 12 but lost 17. Had the stop loss been the same size as the others, I'd have won that one too.
10 wins, 5 losses, and skipped 5 trades that I would not have taken such as the few times when I would of rather waited and watched the market. Not bad. getting better boii!
Actually Nick that first one is kind of a trick. the answer of course is exactly what happens. you take the short to the support. Which it does hit. not 1 to 1 but that is the call you make there. and with the rejection you take the long to the most recent support, being the consolidation zone there just before the big red that we decide what to do.... and again we win and again it is not a 1 to 1. Probably 99% of the trades i make are not 1 to 1 nor do would i ever consider attempting taking that as i know it won't hit it.... but i do know where TP is. It's still a great test. Love that you do this and actually love these trick candles like this. At least half of your setup choices are wait for it candles. you literally have an option for both ways that are valid and need more info.
trading without precise entries isnt my thing really. but it was a fun exercise none the less, i won 10, lost 8, 1 did not take, another i sped the video too fast and ruined my chance to take(because i saw the answer). being said im highly meticulous with my entries and some of the indicators and sentiments cannot be necessarily seen by me here. i like to find major levels of support and resistance over long periods. levels that hold strong until spiked through. good stuff, this was fun just off price action alone.
Hey Nick,this is a great exercise on price action.Could you add the reason why the market went in a particular way please but ONLY after the exercise is completed,thanks
That feature is such a nice feature to have it would help so much for back testing my strategy But it’s only on premium 😖 And ion have the money for that
nick if you could share your thoughts on why these trades played out the way they did could really help out some of us. do consider it please if you can.
Forex stuff kind of discouraging for me. I spent a week learning price action and indicators and was feeling good about myself. Went to a chart to test my skills and a lot of the calls I would have made would have ended up losing me money. It honestly felt like making the right decision was more luck-based than skill-based. I'm even trying to build my own EA to help me out, and that's going downhill, but people like Nick give m hope because I see it is possible to make it.
The correct answer in most cases is have a case for both options. And obviously you did something wrong. And Brian is correct. You need patience. Being in the red is not a problem if you have confidence. I made two relatively quick trades on gold on thursday when it was sort of stuck in the mud for while and both times the market went up before it did what i expected. I'm used to this when scalping. You can see the likely longer move but the short run may move against you for a time. Just let it play out. In less then 20 minutes total i had won about $1 per ounce on each trade. and both times i was actually in the red that much before it went my way. So...crappy enter choice obviously.... but overall profitable. my direction call was right on...timing was off... i could have made more. Oh the luxury of looking back and seeing what happened....vs the frustration of live trading. You never ever hit the exact bottom or top. If you do... go play a lotto ticket bro. The odds are about the same. The force is with you. So risk the $1.
Lose the indicators. You are probably using them wrong. Or more likely don't know enough about when not to use them. Every indicator has good times and bad times to use it. I have a few MAs. Pivots. I use Fibs. I play around with Ichimoku. And i have an RSI X for confirmation mostly.... notice i didn't say trigger... i said confirmation. Meaning i use it mostly to tell me i made the right move so hold on.
Journalize your trades on wins and losses why you got into the trade and after the result why you think the price did what it did. This has helped me alot. Don't give up! by this time next year you will be better than you are right now. Keep learning. Study RSI Divergence as much as you can. This has been a game changer for me
@@buffdan1dabeast1 I like the divergence as well. Take a look at RSI 5 crosses RSI 14. :) it's quite interesting. capturing a small piece of the pie on a regular basis. I started this with the objective of replacing the day job.... not the lambo in the drive way. so... thinking... i want to be able to find as much or a little more per day then i do slaving for someone else. i quit work 6 months later. :)
Great Nick....very good idea....but i guess you might think of doing a follow up video as to why the price went up/down and what an experienced trader would've done in this case.
50/50 on this one. I personally would have waited for better entries and confirmation before taking these. Looking forward to more of these
12 w, 5L, 3 Skips. So happy to do this after learning in less than a week. Thank you
Great fun! - 14 wins, 5 losses, 1 skip. Please do more. Forex is fun!!!
12 wins , 6 losses, 2 skips. Still room for improvement but I'm pretty happy with that considering I'm a new trader
This video was super helpful … it really helped me in understanding how well to place a trade in the market☺️☺️☺️
W 12 / L 8 , ngl the last one formed a nice Wyckoff distribution and wham! 100 pips drop recovered my 8 losses 🥳
i only took about half of these on the candle he wanted us to. many were wait for more info. and i would have won multiple times on many trades going the other way first to support or resistance only.... not 1 to 1. It's still a good way to test your skills. But I actually would have taken closer to 50 trades here and won most.
13 right / 4 missed / 3 wrong
I'm new trader it is good for me
My confidence of analysing this chart in this video is a huge difference apart than when I'm trading for real.
17/20. I’m actually impressed by myself I got and 1 of them I didn’t see the resistance line if I had would of got it right.
Just off the first question I had to leave a comment. That market is clearly in a down trend those Three long bearish candles represents a black crow which is a very bearish signal. The two green candles is not enough to make me say that the market has reversed especially since they didnt break and hold against any level of resistance. The following candles shows my prediction wasn’t wrong and the price went further down than up. But that’s just how I perceived things and regardless if you would of made that trade and got in and out when you did makes you right as well.
All trades taken. 15 wins and 5 losses
Majority of these I wouldn’t have taken but it’s a good test without being able to mark key levels kind of hard to tell .. great video
w-14,
L-4
skip 2
In the 10 Trade the M pattern shows the bearishness
do these ones every weekend. Its been a while since you uploaded them.
yes i agree
Yes I agree
One request kindly take setups that we actually trafe like the find , trendline and support ,many of it was quite random i hope uou understand nick .love from India ❤️
I made 11/17 forfeited 3 trades, won the big last one
I love quizzes it boost my confidence
you and steven from the trading channel are the best!!!! keep it up nick
THANKS A LOT NICK LOVE FROM INDIA ,TAMILNADU
You could have just gone 'Sell' on the first trade set your Stop at the previous high and just let it run and you would have been quid's in.
17 wins
1 loss
2 trades not taken
Not really feeling this one. This is more guessing than actual trading. it doesn’t consider timeframe correlations, candle confirmations, confluence trading etc. Personally wouldn’t backtest like this but i guess everyone is different 🤷🏽♂️
Have you watched the screen during the trading day. It’s so repetitive from watching the market play out during the day I feel comfortable watching this with the speed control
skip and let us that can benefit from it benefit
12 wins 8 losses didn’t skip just because. I did get that last trade correct so I’m well in profit haha
14 wins and 6 losses ... this is a great video i have been looking for these for some time so i can test my knowledge
Keep doing these. It’s good for the people who base their strategy off simple market structure
great vid and good concept to help people see the buy and sell options and ideas and set ups thanks
I I didn't take 16 trades. The four I took were 4, 7, 12 and 17.
I won 4, 7 and 12 but lost 17. Had the stop loss been the same size as the others, I'd have won that one too.
12W 8L
10 wins, 5 losses, and skipped 5 trades that I would not have taken such as the few times when I would of rather waited and watched the market. Not bad. getting better boii!
My Score: 9 right 7 false 4skipped
alot of the trades i made the right decision just takes a small amount time to get into range i expect
Really loved this video plz post more like these
]
I love these nick please keep doing it
Took all trades ...16 wins.
This is a great way of learning wish we could do this everyday 🙈🙈🙈
👏👏 keep up the good work
W 9 / L 11. Really enjoying these kind of videos..thanks Nick
Thank you for this masterpiece
Great video, keep them coming.
16 win , 4 losses and 0 skip
bro keep on making these kinds of videos please
Actually Nick that first one is kind of a trick. the answer of course is exactly what happens. you take the short to the support. Which it does hit. not 1 to 1 but that is the call you make there. and with the rejection you take the long to the most recent support, being the consolidation zone there just before the big red that we decide what to do.... and again we win and again it is not a 1 to 1. Probably 99% of the trades i make are not 1 to 1 nor do would i ever consider attempting taking that as i know it won't hit it.... but i do know where TP is. It's still a great test. Love that you do this and actually love these trick candles like this. At least half of your setup choices are wait for it candles. you literally have an option for both ways that are valid and need more info.
Nice quizzes, Nick. Need more of this.
Please do more of these perhaps every second day or so. I think these are very helpful. Thanx
12 wins, 7 loss, 1 skip.
63% win rate.
trading without precise entries isnt my thing really. but it was a fun exercise none the less, i won 10, lost 8, 1 did not take, another i sped the video too fast and ruined my chance to take(because i saw the answer). being said im highly meticulous with my entries and some of the indicators and sentiments cannot be necessarily seen by me here. i like to find major levels of support and resistance over long periods. levels that hold strong until spiked through. good stuff, this was fun just off price action alone.
12 wins, 1 skip and 7 losses. there is room for improvement. Great work Nick!
Very helpful, trader nick
13 win 7 loose 0 skip I just want to see how can i pridict for skip one too
14 i got correct, thanks
Hey Nick,this is a great exercise on price action.Could you add the reason why the market went in a particular way please but ONLY after the exercise is completed,thanks
19W / 1L
i got 13/20 wayyy better than the previous attempts🙌🏽
thank you for making these bro👊🏽🔥
i really like this videos, keep em coming
11 wins 8 losses and 1 skip. That was fun hope to see more of these
13/20, 65% rate
Really cool way to teach Nick. I enjoyed this price action quiz!
i got everything correct
i love these pls do more just one favor let us look more left 1st
13/20... great improvement
Keep this coming
This is what I need. I need to be quizzed
18 right ,2 wrong
12/20, there were about 6 I wouldn't have traded
I made 10 correct 8 wrong and 2 not entered
10 wins
5 loss and 5 skip
i think it was decent
yes!!! nice one mate
ive gotten 13/20
Continue doing them bro
Nick please make this type of videos on daily.its a really great to us..👍
If only it was this easy
Lots of really helpful tips here 😀
11 wins 9 losses
Your amazing man ❤
thanks bro
I got most right but not a great performance I'd say
11 and half wins, one unanswered 6 losses :)
i took 21 trades apparently
13 losses 4win 3skip
That feature is such a nice feature to have it would help so much for back testing my strategy
But it’s only on premium 😖
And ion have the money for that
nick if you could share your thoughts on why these trades played out the way they did could really help out some of us. do consider it please if you can.
15 out of 20 and 1 skip .is it good
Great work nick
Forex stuff kind of discouraging for me. I spent a week learning price action and indicators and was feeling good about myself. Went to a chart to test my skills and a lot of the calls I would have made would have ended up losing me money. It honestly felt like making the right decision was more luck-based than skill-based. I'm even trying to build my own EA to help me out, and that's going downhill, but people like Nick give m hope because I see it is possible to make it.
The correct answer in most cases is have a case for both options. And obviously you did something wrong. And Brian is correct. You need patience. Being in the red is not a problem if you have confidence. I made two relatively quick trades on gold on thursday when it was sort of stuck in the mud for while and both times the market went up before it did what i expected. I'm used to this when scalping. You can see the likely longer move but the short run may move against you for a time. Just let it play out. In less then 20 minutes total i had won about $1 per ounce on each trade. and both times i was actually in the red that much before it went my way. So...crappy enter choice obviously.... but overall profitable. my direction call was right on...timing was off... i could have made more. Oh the luxury of looking back and seeing what happened....vs the frustration of live trading. You never ever hit the exact bottom or top. If you do... go play a lotto ticket bro. The odds are about the same. The force is with you. So risk the $1.
Lose the indicators. You are probably using them wrong. Or more likely don't know enough about when not to use them. Every indicator has good times and bad times to use it. I have a few MAs. Pivots. I use Fibs. I play around with Ichimoku. And i have an RSI X for confirmation mostly.... notice i didn't say trigger... i said confirmation. Meaning i use it mostly to tell me i made the right move so hold on.
Journalize your trades on wins and losses why you got into the trade and after the result why you think the price did what it did. This has helped me alot. Don't give up! by this time next year you will be better than you are right now. Keep learning. Study RSI Divergence as much as you can. This has been a game changer for me
@@buffdan1dabeast1 I like the divergence as well. Take a look at RSI 5 crosses RSI 14. :) it's quite interesting. capturing a small piece of the pie on a regular basis.
I started this with the objective of replacing the day job.... not the lambo in the drive way. so... thinking... i want to be able to find as much or a little more per day then i do slaving for someone else. i quit work 6 months later. :)
@@MPlain thank you I will look it up
Awesome performance Nick 👍 we all should practice such a way 💚💛💜
Thank you thank you thank you. Yes very very helpful :)
11/20 not bad for a beginned like me😅
loved this video, make more please
All wins
I'm really happy these are back man, please continue doing them😅👊🏽
it's always fun to participate🤞🏽
super useful
Please more of these (:
9 out of 20
CANT SEE THE CHART HISTORY. IT IS STILL INTERESTING THOUGH. NEED A FEW MORE INDICATORS LIKE BOLLINGER BANDS
12 w 8L
Great Nick....very good idea....but i guess you might think of doing a follow up video as to why the price went up/down and what an experienced trader would've done in this case.
How do you calculate your net p&l when trading in turning it into a percentage net p&l %?
Percantage calculator in the internet or do the calculations urself
11 wins, 1 not take, 8 loss
Great videos dude
Thanks Liam!
What app or website do you use to trade on?