Price Action vs Indicators (Podcast Episode 37)

[@NoNonsenseForex]

Trying to get my hater count up before we move on. I like my chances.

[@marcpeerson8847]

Only 4 dislikes? Not many haters lol

[@ImmyYousafzai]

Ok count me in. I hate you. (you should have sent me all the information instead of enlightening the planet)

[@johnathangrey3463]

It's not our way. VP, it's you're way. Your the Native American who discovers America. We're all still just getting off the ship with the Vikings. (Lol)

[@Aiva33aiva]

everyone dislike, lets make VP happy:)

[@jimmetzger1]

Haters gona hate.

[@Clint_of_Earth]

Before I found this channel I used to trade using support and resistance and failed miserably. They always teach "if price reaches this level it'll bounce back. If it breaks through it'll continue in that direction, BUT there could be a 'last kiss' which could retest that level." Such a load of rubbish. Fact is they don't know. It's easy to talk about charts after they have happened and it'll sound convincing. Relying on the right indicators is the most efficient way to trade. VP, you're the man! Fan from Perth, Australia

[@Vdubber187]

Price action compared to NNFX IS LITERALLY NIGHT AND DAY. NNFX FOR LIFE. VP YOU THE MAN.

[@Mike-Downs]

Price action was drilled into me since day one. I used a combination of support and resistance (I called them areas of interest because over time, it was too subjective), Japanese candlestick patterns (I've memorized over 30), chart patterns (I memorized them all), the quarters theory (Bought the book and read it front to back), the Agimat indicator (Repainting indicator that tries to catch reversals), harmonics (I've spent months studying, and bought a couple books as well) and fibs. I did this for over 2 years, and it was frustratingly painful. NO ONE put in as much chart time as me. I would print off sheets and practice on the weekends 5 hours a day minimum, notebooks full notes from so called successful traders, before and after work, I was fucking relentless! All the while I had no idea how to enter a trade, where to put my stop loss (I was often told not to use one), how to manage my trade, how much to risk, and use ratios that made no sense to me. Failing the whole way I really started to doubt myself until I found Nononsense Forex. Oh, and I blew 7 accounts, and I still refuse to give up.

[@Ishi1XP]

How are you doing now?

[@BTArnold100]

The funny thing is that before coming across your channel, I traded without indicators and used Price Action exclusively. I mostly used QML analysis and Hanzo Shadowcodes which is essentially REVERSAL trading, which is just suicide when you think about it. But truth be told, I made good money this way. I don't believe that either party is wrong because hey, if it works for you, that's fucking great buddy. Now I combine these two hemisphere's and at least 80% of the time, my indicator algo beats my price action analysis. VP is right, it took me YEARS to do get anywhere near good, I blew accounts on that experience. VP's method had me in the dough 1 week after looking over his videos. Be honest with yourselves guy, don't lie because you refuse to believe in something new. Make money, not dumb opinions.

[@michaelding3]

QML and HANZO SHADOWCODES are very popular in Malaysia (Hanso is a Malaysian, anyway). He also admitted in a radio interview that he is now more on the LONG GAME now instead of "Zero-Float" sharp reversal game, why? Because the price always reverse back and fuck up his SuperTide STOP LOSS. As VP said, REVERSAL is a SUCKER's GAME. I am 100% agreed with that. I am a Malaysian, and I know this shits so well and tested both ways, the Reversal vs. VP's way. I can assure you that REVERSAL always fuck up your account if not today, definitely tomorrow because as VP said, the BIG BANKS knows exactly where you put your Entry and your Stop Loss.

[@deneuve5090]

This is true. You will not profit in price action if you are bad or inconsistent with your analysis and if you have bad mentality and especially risk management. Price action(Done right) is never bad because all indicators are derived from price anyways. But ultimately at the end, having a personally built algorithm(nnfx way) is still the superior way because this eliminates ALOT of what price action traders struggle with (Mental /"bEST" Entry exit / Decisiveness). So i think even the veteran or pro price action traders should now try to build their algorithm so they can have more time for other side of life.

[@humbulanimurabi7585]

The No nonsense way is the only way im content and happy to trade with... No argument, no nothing.. Thanks Vp for introducing this way to people like us. 🇿🇦S. A appreciates

[@LanceKindberg]

thanks to VP, I started off forex with a very good teacher that made it come alive for me. got lost in how to juggle timeframes so it was a welcome revelation to ground my trading in only the daily charts! happy to say, applying what I have learned from VP, I have made 8 demo trades that earned about $1000.00 USD. so, I am sold that working out this algorithm is worth the time and effort. Truth be told, it feels a bit like a treasure hunt, working through the material, following the breadcrumbs and doing the trial and error. any time you are just "given" something, the value truly is not appreciated. so, VP, for presenting the material this way, especially to new traders; thank you! it's awesome!

[@sidorenkoalan1469]

Dear Lance I've hard finding suitable indicators to complete this algorithm. Can you share ít name? Thank you very much!

[@comabtreels6555]

I just use PA to see what the 99% will do, then I go in. My horror story is short, RSI blew a truck load of my accounts, kept blaming brokers until I released that the instruments I am using are just trash. Thats why when I found No Nonsense on youtube, I immediately related to everything your saying. Thanks VP

[@wealthology9258]

Ive seen all your videos and follow all ur vids, follower of ICT and like minded PA traders, and i only trade PA and i just think you should know i would argue your method of building an algorithm has actually made my PA trading better. I believe the real genius of your system is the algorithm building, as i believe PA can tell you the same thing any indicator could if you know what to look for. Your algorithm indicator list gave me clues on what to look for to be able to confirm through PA.

[@NoNonsenseForex]

I love it!

[@louwa9867]

Fernando I agree. I use PA and divergence. Never had success with indi combinations yet. Must say that the psychology and money management aspects of VP's strategy is the REAL gamechanger for me!

[@philiptaylor2567]

I still use some subjective technical analysis with my developing algorithm, and I would agree with you that they can compliment each other. The main thing I’m doing with technicals is trying to identify ranges, consolations, flat markets, etc to stay out of trades. I’ve also found my algorithm gets me in well with ping pong markets, trading only with the overall trend of course. I think there is much benefit in coming from a price action/technical analysis background and combining that knowledge with the algorithm. But still 90% of trades I take now are strictly algo. Take out the emotion, take out subjective analysis, the propensity for human error. The algorithm and money management here just makes things so mechanical and consistent

[@AM-rt5op]

Imagine trying to compare a discretionary “captain hindsight” system to one which has a 60-70% success rate just based off whether TP (ATR) or SL (ATR * 1.5) was hit, not to mention when you get into a long trend and ride that until you get the signal to exit results in 000s pips. You owe it to yourself to at least try it the VP way and if you don’t like it then there’s no harm but honestly I haven’t found a single PA trader that drops gems like this, its always made to seem so mystical and I call BS... I literally have 4 indicators on the chart and can decide within a minute whether to trade or not. Be efficient and go get it 🤑

[@Gariel00]

Do you trading the NoNonese Forex way? This is only my 2nd video of his I've watched. I feel like I'm missing something. Is this a method he teaches?

[@wanderer73287]

I used price action for a year and a half. I was part of a group that cost $97USD/month. It had what we were told were pro traders in it as mentors (I take that at face value, in fairness they showed great professionalism and I had no reason to doubt it). One guy in particular was VERY technical in his trading. We're talking Elliott Waves, Trend Lines, price anchors - pure price action trading in all its glory. He had a trading academy with tons of instructional videos incorporating all the technical/fundamental side as well as the psychological side of trading, I gorged on those videos and took notes and started to apply what I was learning on my charts. The one thing I found with price action trading was this: I had NO FUCKING IDEA what to do after I did my technical analysis! I could build a case for both long and short positions on the one chart. And I did it using 3 different timeframes. So yeah, for me - price action as taught by every man and his dog is bullshit. Just my experience and opinion of course. By no means am I saying you shouldn't use it in your trading.

[@ImmyYousafzai]

A thousand ways to skin a cat ... the important thing is to understand "what works for you"!!! The Edge in the market is a two way sword. 1. A statistical edge of the method 2. your personal particular way of trading , your personality, resources, circumstance and its connection with 1. that is your personal edge. imho. (one person's junk is another person's treasure)

[@philiptaylor2567]

I had a very similar experience. Found some good teachers, who were very sincere, and were probably making a living on their pa trading, though you never really know when they’re charging for their courses. If VP can give away all of this information for free, then you know he’s actually making a living on his trading.

[@chema__gonzalez__]

Mark Bennel?

[@wanderer73287]

@@chema__gonzalez__ yeah that's him mate. Really nice guy, very technical.

[@franciscojunior6841]

Price action is the best way.....When the chart is done.👌

[@josecarlosxyz]

True on real time it has no value

[@oronsayepaul6709]

Eazy to explain on past events but in the future it's crap

[@archravenineteenseventeen]

​@@oronsayepaul6709it's basically a guessing game at this point like tossing a coin

[@Jarnold01]

I just think a combination of the 2 is key. I believe that you just can not ‘skip’ the process of learning how market structure and PA works. It’s true that Big Banks are the ones that move proce, as you said (VP) so to my view it’s obvious that they will take out where the liquidity is (stoplosses etc.) so I think you need to find a balance between the two (PA & good indicators) and that’s what I’m going to do. I could say that you (VP) and ICT both are my ‘mentors’ eventough theybare totally the opposite if ot comes down to their trading approach. But you two have an amazing amount of knowledge about trading in general.

[@GOlone9597]

By far, this is your best episode.

[@nathanwood4751]

I’ve traded forex for two years and still learning and started on stocks for 1 year before this, and I lost trading price action in stocks but that was due to inexperience and not knowing enough it wouldn’t have mattered if it was PA or indicators, but the last two years I tried, studied traded real $$$ using all the techniques I didn’t lose the money I put but I just broke even.... I think I have studied , tested more than most whilst holding a full time job working over one hundred hrs a week I’m talking I only sleep for 3-4 hrs a night and I still have that habit. But the last 4 months I’ve been searching ,testing the indicator way and the concept of eliminating losses is more mechanical, systematic for me, I think this is what’s most important it’s what suits us as individuals but for me using your way VP cheers, thank you for sharing your experience.

[@Ijaf98]

I remember that I was a indicator trader before, using Parabolic SAR, MA crosses and something else but I don’t remember what. And then I met this guy talking about that I don’t need all of that on my screen, price action is all u need and naked chart reading. Now I was doing well on my demo with the indicators and then I switched to PA and I just started failing HARD. Luckily I didn’t blow any accounts. Thank God I found this channel bcuz I’m back to my indicator trading way and I’m more confident about what I’m doing with VP “at the wheel”. Btw No nonsense forex forum coming soon? 🤔

[@r6854]

I tried price action in trading forex. My big issue was that it all seemed very subjective. If a dogi candle or a hammer candle did not work out you should have had the wisdom to cut your losses and go the other way. If it temporarily went against you then you should have held on because you had a dogi candle. It just seemed like a lot of it was based on 'feel of the market'. For me it was an exercise in guess work. It's the beginning of head and shoulders....oh no, it's a N. If other people succeed at it, then God bless them, but for me it just left me second guessing too much to be effective.

[@Devon1_]

Thats why u have rules for everything so it isnt guess work or subjective if u say the doji candle or hammer candle has to at least be like this or more otherwise u wont trsde it then it wong be subjective as u can mkr it more consistent

[@oronsayepaul6709]

Just like a pilot driven an aircraft without a compass

[@FabioErrante]

"Eliminate the guesswork"! That's the key! You watch all those videos by price action's traders and, after 20 minutes of approaching resistance level, breaking out of this ascending wedge, cup & handle forming, blah blah blah, they say that the market could either go up or down. WHAT? If I ask my niece she would tell me the same in 2 seconds and at least I don' feel frustrated. Just like someone else commenting here, trading with pure price action made me feel so helpless, that's why I started sticking indicators everywhere and I'm so glad to see professionals like VP achieving results in this way. I don't regret having tried with price action but I'm definitely an indicator trader and I'm happy with it, there's no reason to even start any debate.

[@Zero-ot2lu]

Feeling qualified to comment here because I have been trading the price action way for 2-3+ years. Was slightly profitable, nothing crazy but blew my account due to improper risk management. Price action - yes it does work in some ways. A lot of people seem to have found success in it, especially in the Crypto markets that I currently trade in. Now, that is a retail-dominated market so I see alot of the Dirty Dozen stuff work better there than in Forex. Still, price action trading suffer from one major drawback from the indicator-based approach - that is subjectivity and effort. The first is fairly self-explanatory. There's so many rules and scenarios that you have to plan out for, that even if you planned beforehand you will not cover the majority of them. There's just so many steps in the process that you will likely make a mistake that will fuck up your trade. The second is the effort you need to put in. Price action trading is not binary. You need to redraw your Fibs, Support and resistances, and predict the chart patterns all the time. Even worse if you use something like Elliott Wave. (I was actually profitable with it, but it was so damn tiring). There's so much effort put into the 'analysis' part of trading that while makes it 'fun', it a terrible waste of time. The indicator system is very systematic and binary - much less stress and little effort needed once the system is built together.

[@CryptoGent]

i am a price action trader, candle stick reader, sup/res and such.. but i have no problem which way people trade i simply just Respect if you like indicators or not, for example i use RSI for US30 so i think some indicators can work and i am sure if you find few and you put them together they could work pretty good. keep up the good work VP!

[@Roadoggxc]

I'm honestly a hybrid. I use an algorithm of indicators I call the AGM Strategy and I use Supply & Demand Zones.

[@vishalamle8330]

Yeah VP... I did both way... your way of working is crystal clear and less error prone... I agree with you... price action people should first try your way and then they will understand it is more effective and reliable...

[@arianbalak9523]

Could you explain how you trade and what you use

[@sidorenkoalan1469]

Sorry about my english. Maybe many people email to him (like me) but he replied within 48hr like his commitment. Such a small thing but he keeps the promise. And I am looking for indicator pieces to form a trading system by his instructions. Thank you VP!

[@NelsonRodriguezOnlin]

Great podcast. Regardless of how you trade, if you're consistently profitable, that's all that matters. If saying 25 Hail Mary's before you execute a trade works for you, then go for it!💪

[@martinussiswanto1040]

Thanks VP for sharing. I'm from Indonesia btw. I didn't trade using indicators nor price action for years. I found my subtle edge on forex trading by trading momentum using statistical arbitrage tools. Which I could make the indicators out of it, but I'm just downright lazy to do it. So I just stick with excel for signals and trade entries. Your argument on Price Action and Fundamental Analysis on FX trading was on point. It was too subjective to begin with. If we are long enough to trade; we realize there is no "good" and "bad" news. All of those erratic movements are just sentiment by other traders. It's much more make sense to make our "edge" more systematical rather than subjective feeling. I found the systematical process is easier to follow and actually help us to get rid of emotion. Trading with PA will just make our emotion all over the place in our trading plans. However, getting rid 100% of human element out of our system are still impossible. At least up until now. Even famous quant shop that trade with AI and algorithm still get oversight from real human in case anything is go broken. But minimize human element and make our system and edge as objective as possible will definitely help. The next quest maybe is to improve the odds on our edge. Or start probably thinking whether our strategy is scalable enough for institution level of money.

[@theboibran23]

I've been trading for almost a year and a half..I was taught to focus on price action so much that the few shitty indicators I was using had me feel as if I struck gold...winning the first few trades and feeling as if I predicted it was an amazing feeling...i continued to chase that feeling...putting me square in the 99%... I found VP's no nonsense way around late January of this year...NOBODY talks about the market with the factual insight of this MAN...NOBODY... I've lost a few dollars I won't put a number on it enough to say I'm not deterred from pursuing trading forex full time...but after completely letting go of all the price action bullshit I was taught an really putting in the work to find an algorithm that works for me....im not gona put a number on that either but to say the changes are dramatic is completely an understatement...i feel jus by watching this channel my trading skill set has increased because I have the knowledge that wether was maliciously excluded from all prior teachings I can say with my whole hearted honest opinion.....THR PRICE ACTION THOUGHT IS TRASH AND NOT MADE FOR THE COMMON PERSON... again. Just my opinion....@VP thank you so much my good brotha...this fight is the good fight...the putting power back into the hands of the people who will truly benefit if THEY are taking the right steps and doing the right things....THANKS AGAIN VP .. POWERFUL TRADER FROM PENNSYLVANIA

[@gouravsingh8044]

indeed i have traded price action...but i was lucky because i was extremely disciplined and didn't loose too much (perhaps to disciplined)...but now gone back to demo and using indicators, it's incredible how consistently im getting results. And when i mean results i don't mean profit...i actually mean collectively, for example keeping me out of trades..managing trading and winning trades. thanks VP appreciated!

[@WokeWook]

I've tried both like everyone out there. I've had some success in crypto using price action. When I came to the forex world week ago, I lost 4 times in a row and wondered, "What's wrong with me? What happened?" After watching all of your video it made sense why I lost- crypto is You vs. Me, whereas forex is Bank vs. Us. Plus, all my indicators were useless in forex. All that lines, box, circles, etc none of that crap matters in forex because we don't move market anyways. Volatility often kicks in out of nowhere to knock out all the stop loss and not respect any of the chart analysis. Zooming out to the daily chart to avoid noise and having system works better in forex. It's more beneficial because it takes less time of your day too. I would usually spend hours drawing things on the chart, learn about different patterns, and staring at the chart. It was (still is) fun for me, but not everyone has the time to do so. Making the system is the hardest and most time consuming part, but once you have that then it's yours and you can use it for lifetime. No need to "guess" where things are going to go; now it's simply looking at the chart and following what my system tells me. VP, I've subscribed more than year ago when I was learning about the different indicators; I liked your videos because it was concise and informative. I don't know how it happened, but somehow I ended up in forex market from crypto. I remembered your channel from my YT subscription list and recently came back. I just finished consuming 100+ of your videos, made my system, back tested- all in 4 days. Now I'm in the forward testing phase in the demo account. 2% risk with 1.5x ATR SL like you said! As of now it's up 20 pips, and it feels incredible (even if it's not a real money hah). Just wanted to thank you, and keep making these amazing videos!

[@educafin-educacionfinancie119]

Agree with you, Price Action trading is harsh, is mixed and pretty much very on the subjective side of things, which is the main reason people fail, i have been trading since 2016, yet only got consistent on 2018, now i found your channel and althought i keep doing things my way and with my system, i think all traders should be open to adjustment which is a really nice thing and important thing in the markets. This is the reason why i have been hooked with your topics, and perhaps create a hybrid trading system that take the best of both worlds. really nice thing VP. Respect for you talking the real stuff. Things perhaps newbiews dont even understand, you got my attention with the big banks video, something i found couple years ago when i as talking with a money manager at a desk and told me this, so respect. little people talking about this. Keep up the good work!

[@danstone3673]

Interesting how price action has become somewhat of a mainstay lately. I'm seeing a lot more of it on the interwebs. I got hooked into it for awhile, following a specific guy who has a nice little gig going for him. I read everything about it, set up my charts, "just so" learned all the ins and outs of the various special price candle formations, news entry strategies, became somewhat intimate with all forms of support and resistance and generally closed off my mind to other possibilities. Then, I discovered and subscribed to "VP Central Command" and experienced a paradigm shift in how I trade. What I discovered is that most are still reversal traders and they're still trying to call tops and bottoms using the same old subjective markers to make decisions that have no logical premise. I know it's a touchy subject and some may get offended (which is baffling) but hey, if pushing water uphill is your thing, then carry on... Oh - and the bit about the "25 years experience doesn't mean a thing" reignited an old memory. I was a young Third Mate on a tanker (large ship) when the Bosun (head of the unlicensed crew) felt the need to belittle me by saying he had more coffee time than I had sea time. The Chief Mate, who was in earshot came to me later and said, "Don't believe him for a second. Twenty-five years experience versus one year of experience twenty-five times are a universe apart. If I was to throw him something new to tangle with, he'd be in big trouble...". The moral of that is, beware of anybody who uses that as their calling card, especially if they're trying to sell you something - it may reflect on how well they actually trade.

[@BM-yl4bv]

Having tried both ways of trading, I know what way I prefer... give me clear cut signals over grey areas any day of the week.

[@ohthefuture7618]

To save you - the viewer - 16 mins 55 seconds: "Don't serve haterade all over other people's trading style, pages, blogs, chats, etc... Metals trading is coming down the road. No, don't trade them the same as forex. No I don't trade on price action. I'm an indicators guy. Do the work whatever your strategy(but I'm extremely certain my way works best for me and can you too)" You're welcome. See ya Thursday.

[@jeffhaley9494]

Sorry, but VP is WHY I listen to every podcast and tutorial....beginning to end. There is more here than just "howto".

[@jayytocoolformore5916]

Jeff Haley 💯

[@BTArnold100]

@@jeffhaley9494 Dude drops nuggets on the regular

[@chineseastrologyfiveelemen4121]

Thanks VP. I was really didn't know that there were tons of different indicator in the market because most of the channel or "education" were all referring to the tools in the dirty dozen (if not all), until you show us the different approach to trade forex, at least skip the part "should I use this method or others method" when looking at the price chart.

[@consciousmoviereviews9730]

I have to disagree. I've been exposed to Price Action Trading through Galen Woods who teaches from Singapore. What a master teacher! I've been faster at detecting reversals, pullbacks, trading bias and more than any of the indicators I've put up as confirmation. These indicators were lagging and slower than my analysis through price action. I equate Price Action Trading to driving a stick shift if you like that style. It keeps me on my toes and know when to anticipate big moves.

[@quantum-q8j]

There's only two ways of trading 1: The Mumbo Jumbo way and 2: VP way...

[@bengalibooks7047]

This was one savage blog sprinkled with lots of sarcasm. Loved every bite of it. Thank you, Chef VP.

[@petereastman2663]

Forex Trading is very hard; very, very, very hard. I have been at this for 20 months. I have been busting my ass. I feel I am doing better than most. I will get this down. 99% fail! I am a neophyte. VP, you are good. Thank you for all these videos.

[@gekkegerrit5245]

99% gives up, be the 1% that doesn't

[@anabatta7019]

I think its like trend or reversal .. its just makes sense to trade indicators. even long before i found this channel i knew trading price actions, or news, was shit, fib. , support & resistance .. all crab, "dirty dozen" ,, like a bad football player who gets a great shot ,, once awhile i got i good profit but it was the exception, the role was losing continuously.. the first video i saw was "big banks" for first time in many years it made sense . I've been in forex as part time jobs for almost 15 years now.. on & off.. the real game changer for me was the risk management,, all the things VP said was the "unsexy" parts. eliminating loses is the way.. always & forever thankx VP

[@jeremiahcampbell2]

Idea for next video: Explanation of rules vs. algorithm and how they interact with each other. Perhaps you could show an example of an algorithm full of shitty indicators and what 5 - 10 trades would look like. (Many of us on the NNFX Discord are basically just guessing at how rules might work and when those rules will and won't apply, if that's ever a thing...) When you first started, all of your videos had veiled hints toward future content and how you think about things. I had an enormous amount of fun interpreting your comments and assembling the NNFX jigsaw puzzle.

[@yashpalgowda4274]

I am PA Guy But i love indicator Clear and concise Decesion Using indicators :- PA+Indicators+Little Fundamental

[@Stevek-ce7md]

I think finding the right indicators is the way to go, im currently using the vwap with a couple of other indicators with some success.

[@ozzy2k11]

I respect what you're doing here VP and I've gone through all the material but I gotta say I've taken a different approach and definitely Price Action (for me at least) is superior, I still use indicators incorporated with my trading but I their sole purpose is for me to gain a "hindsight" into what other traders are looking at/doing instead of pre-defining my entries/exits, I have found this way to be a more successful approach, if anyone is interested in finding out more I would be glad to further your knowledge as well as there is much more to be made from the markets if people can be open minded, starting by getting rid of risk:reward you'd be much far ahead in the game to begin with, but anyway VP continue what you are doing and I wish you all the best and I will continue to follow as I am always reviewing my trading plan on a constant basis ;)

[@Plutoguru]

I'm leaning towards price action too recently... How have you been going ?

[@WarPrinceAndrew]

Hell yeah I love precious metals. Also, been grinding and creating my algorithm. As much as it has been my hard work doing the grind, I prerry much owe it to you. So thanks! So glad I stumbled upon this channel randomly one day. Its changed my life big time.

[@jayjaydub8548]

Same!! 👏👏

[@jasona8396]

Send like some kind of price action analysis coded into a custom indicator could make a valuable 2nd or 3rd confirmation (provided it's fully understood exactly how it functions internally).

[@TheRPlayG]

So far i just found 2 confirmation indicators & baseline, the rest of algorithm is still in backtest and just can't believe how it already rocks...imagine if the full system is completed..Thanks VP for guiding us to get the ticket to join the 1%.

[@jonathanpearson2984]

This is a great podcast. Thank you so much. I am totally with you on all of this VP. I was a 'price action' trader or whatever that really means. I was looking at lines and fibs and and and and .... but always left with that empty feeling thinking there must be a better set of rules and mechanics that a) takes emotion out of the game or at least a lot of it and b) provides a level of confidence based upon structured testing and results and c) means I don't spend the short hours I have in the day ontop of my job looking at charts. Massive thanks for your courage in bucking the trend and putting yourself out there. Algo in testing and optimisation only after 3 weeks of converting! Now who still wants to sit looking at charts for hours before work or after or even during because you are looking for that 'perfect entry'!

[@philiptaylor2567]

VP, with the information and amount of detail you’re giving, I’m literally afraid that “the system” is going to try to eliminate these videos from the internet. I considered going with the Online day trading academy months ago, which would have cost at least 12 grand. I’m so glad I didn’t, and I’m sure you could be charging thousands of dollars for this education. I’m sincerely grateful for what you’re doing. Down the road when I’m prop trading for a living, I’m going to fly to Vegas to thank you in person. Price action didn’t work for me. I spent about 15 months experimenting with every price action strategy out there. It felt like it was going to take me ten years to find a strategy that actually worked, and like there was some secret understanding you needed to have to make it work. I call it the price action illuminate, ha. There was just no consistency with it. On one occasion an exhaustion candle would work wonderfully, on the next two or three occasions it wouldn’t work at all. The only thing I found to work with some consistency was the simple flag pattern breakout, which doesn’t happen that often. Can’t wait for the metals content. That’s going to open up a whole new world for me. One thing at a time though

[@majdyazigi8185]

We have to agree on the fact that price is not going in a direction to satisfy one of these two concepts (price action vs indicators) the fact is price does what it wants to do and after that you can interpret the action with both indicators and price action, so aftr the price moves in a direction where both methods will be right explaining its move. I learned from you to use different kind of indicators to decide a direction and not to use the same category of indicators because they will always say the same thing. So I decided to use price action as an extra confirmation in the algorithm because it is on different category. the algorithm that I am using right now is what I got from you (SSL + absolute strength indicators ) + price action and my exit indicator is simply breaking any of the above two indicators. can I know about your opinion in this? and are you willing to gift me an extra thing that I missed you giving? because I try my best to follow everything you say.

[@M-yk2le]

I have traded with price action for a couple of years now and have done ok. But it takes tons of my time to anal-lyse the charts. With my no nonsense indicators i now choose my trades in minutes and with even better success and yip......with fewer losses.

[@hipaizen4347]

I spend more than 2 years of serious forex trading, the reason I crashed my accounts wasnt because I wasnt able to know where the price is going. It was the leverage I had (1:500) Second !! The platform that I used was also the problem. I couldn't see clear because i didnt knew how much money was involved, I needed more visual info on my trade and by changing my MT4 was the best move I ever made.

[@kitchenspiral]

Agree agree agree, more than 10 years of Forex more with the price action school with just a little bit of profit, there were very little things I learned and practiced about "to win by not loosing". I have introduced a few strategies with indicators, but your concept is much more realistic by building "fail safe" function in the system. Look forward to more of your podcast and video, also looking forward to hearing from you on metals.

[@sptrob]

Correct

[@nicolepolinsky2924]

Simplest thing I can say about PA is how annoying the subjectivity is. I’m talking from experience when I say that it’s a lot more difficult to follow a system of rules when it comes to PA. Many people see and do it differently so if you decide to be a that kind of a trader DO NOT ask others about their opinion on the trade you’re about to make. The self doubt is turning something you should enjoy doing into something repulsive. I on the other hand, just like our mentor VP, will spend few minutes a day, religiously doing what my indicators are telling me to do 😅 As usual, thanks VP. You changed the game for many of us!

[@Chris-sl6zj]

As with most traders I started out using crappy indicators and then progressed to PA and naked chart trading. My choices to go long or short were wrong the majority of the time, or so I thought. Fact is, there are commercial traders (big banks) that have advanced degrees in mathematics, statistics, software architecture, finance, etc., that know all of the crappy indicator, PA, and naked chart strategies. They are much smarter than I can or will ever be. They have sophisticated softwares that are programmed to create a mirage to entice (control) traders for their own purpose. These softwares are only getting more intelligent and they will always be two, and most likely more, steps ahead. Since learning the No Nonsense strategy and building my trading algorithm (indicators off the radar), my algorithm is right the majority of the time. Additionally, I only look at charts 30 minutes a day and then I have 23.5 hours to do what ever I want. Gone are the days of staring at charts for hours on end, which is what is required for most strategies. You can be profitable with crappy indicators, PA, and naked trading (most likely due to stellar psychology and money management), but at what cost? I am a true believer in VP and his No Nonsense strategy. I only say that because I see that it works and that it is 99% less stressful and time consuming and it removes my human, emotional discretion (good for some circumstances, but a hindrance in trading). Go or No Go is the only decision I have to make now and I can make that decision within 3 seconds per chart. That alone is powerful, but combine that with good trading psychology and good money management. That is a life changer! Thanks again, VP! You are a great man! You didn’t have to share any of this, but you did, and for free. Who does that...

[@bradleyt]

The dead markets video was super helpful! Just killin it!! Thanks VP🏆🏆🏆😎👊🏻👊🏻

[@majdyazigi8185]

I also want to say if only you throw some average algorithm with some average indicators without revealing yours of course you will shut them up, I advise you to do a video on that, I guarantee you it will be your top viewing one

[@TheRealButtcheddaa]

Once you realize Support and resistance has huge flaws you can do bigger and better returns. Banks dont care about support amd resistance just liquidity and order flow. I'll keep trading circles around strict PA traders all day.

[@Erfi1604]

The right indicator-mix makes my decision process a lot easier for me than pure price action. The winner in that game is not the method..it's money management!! (my view)

[@harry_bonkers]

Hey VP, just out of curiosity... Whats the ratio (how many) of price action traders vs indicator traders in prop firms? What is it in the prop firm you work at?

[@NoNonsenseForex]

It's heavily slanted to PA everywhere you go.

[@RobertLoyale]

Price action is cool. But the community of PA traders don’t know the difference between PA and Support and resistance. PA can work with SR but it’s not. PA is candle formations. The market maker theory is PA. ITC is price action. SR is a term used for stocks and indices.

[@keithsproson4328]

No doubt's from me , indicators!! Wasn't convinced at first , but now , I will never change,

[@Monduras]

Keith sproson I’m rather confused about what combinations of indicators are considered... why is he being so ambiguous? If he would disclose we could backtest and confirm if his method works...

[@frankreid2680]

I appreciate this presentation. I am new and I am being mentored by people heavily bias towards price action which seem to take up a lot of time although very profitable. It is good to know there is an alternative. The take home lesson I am getting so far is that with a good algorithm based on well tested indicators I can make my trading decisions a lot faster and simpler.

[@ValwithaVee]

There is the VP way and then there's the Magic way. I think we all agree that magic isn't real.

[@mikeujoel]

You changed my trading VP. Let me know when you plan to visit Africa. All expenses on me bro. You earned it.

[@gouravsingh8044]

odds are in your favor bro!! lol

[@giovannimarsano1167]

Appreciating your videos! True follower...

[@b.a.9396]

Just like bulls make money and bears make money, same way fundamentals work and tech analysis work .The problem is that most traders are not trained to trade properly thus the 90% failure rate . Anyone can be trained to trade properly in 30 days if the secrets are passed on but the gurus would rather string their clients along to monthly subscriptions. After doing this for 5yrs, and transitioning to a full time trader, I can say BOTH WAYS WORK .✌

[@laurenh978]

Even though I didn't find your channel at the beginning... i'm glad I found it, and i'm glad I have all those videos to go through and not wait.. though i'm sure i'll wait as soon as I catch up... Thank you VP!

[@alatusal12]

Mr VP I have a question, you use the daily chart which gets rid of a lot of noise , so why don't we use a range or renko chart ?

[@lucapuzzoli8363]

hey VP I think using indicators takes out lots of guessing from my trading , in saying that I think indicators are based on mathematical formula that follows price, I used to used PA but could not succed and blew up two accounts, but I know people are winning using PA Problaby because it suits their personality. Also trading the daily charts leaves me lot of time to develop my psycology it's not been an easy switch but a very useful one!! my account is growing now slowly but surely .

[@tooperfecthairextensionslt2451]

Omg yes, TFW you have a good 5 hours to binge on VPs content.. what a beautiful day that is :) very thankful always

[@shibarmy9621]

Vp your the guy we need more in forex space your best and real

[@dee23gaming]

Price action is so subjective, and is prone to a 100% lose rate like I suffered all this time. The moment I use a good combination of indicators, then I feel more objective and relaxed. I know when a market is due for a mean reversion, I know when to exit a trade, etc. So much more relaxing. Indicator algos are objective, repeatable and automatable. Indicators tell me when a market is overstretched. Using price action makes me feel uncertain of my actions, and I lose basically 100% of the time. You never know if your subjective little zone you drew is gonna hold or not. Price action trading may look simple with naked charts and zones, but it is NOT easy. I always get caught in a market that wants to reverse on itself and break every zone it finds. It's hard to be objective with price action, and it is certainly hard to repeat and automate the process using price action.

[@NoNonsenseForex]

And extremely hard to backtest as well

[@shanepreater1834]

I have been learning trading for over 2 years now. Juggling a full time job and young family. I have paid for several price action courses and, feel I can read a chart well. I have still failed to break even after this. After seeing the VP way this chimes with me, with a couple of caveats. I am a software consultant, so I think in terms of codes and algorithms, the VP way gels so well with this, the idea of boiling trading down to the ones and zeros (true and false) which you can see within minutes not 30 - 45 minutes of drawing and redrawing lines. The caveat for me is that I don't use MT4. I have written my own trading system in Python so that I can fully automate the process. This has made my indicator search a little more interesting because I can code in MQL4 (The C like language that MT4 uses) so my indicators either need to have published algorithms for the calculations or have the source code available so I can convert it into Python. Because of the framework I have, it does mean I can run a full 2 year back test in a couple of hours. This has provided some really interesting light bulb moments in it's own right because I can see how small tweaks to the indicator settings effect the results over the longer term. Thank you VP for pointing me in this direction. The road is visible now.

[@jesseliverless9811]

Hey, I have similar background, been studying this for 2 years now after I got my daughter, learned basic Python along the way, then got more serious into MQL4. I do use MT4 though, so I programmed my own indicators and EAs to be able to backtest different strategies. None have worked consistently though.

[@1CarlAnthony]

Thanks again VP for another great video! All of which are full of priceless knowledge. Continuing to tweak my algorithm to constantly improve it. I'm excited for my future in Forex!

[@sweetandniceai]

THANK YOU SO MUCH VP FOR THIS INFO. I TRULY BELIEVE YOU ARE GOD SENT. I AM SO SO GRATEFUL YOU HAVE PUT OUT THIESE MATERIAL FOR US. I'M PUTTING IN REAL TIME TO LEARN YOUR STYLE OF TRADING AND I'M HAPPY WHAT I'M LEARNING.

[@snehalchopade3522]

Thanks VP. 🙏🏻 For Everything.

[@ga7143]

I trade PA and indicators..if i have to put a % against each tool it would be PA 70% and indicators 30%..i use FA mainly to understand what is happening in the world economy and to give me some sort of a direction. As VP once said, if you know nothing about trading and take it as a gambling game with 50/50 chance of w/l, and with proper money management and psychology you might still end up making money..FA, PA and indicators are "tools" used to provide us with an "edge"..how big or small this edge is is dependant on how well your refine these tools. I am following this channel because honestly the way VP has put down his algorithm helped me tremendously in my trading to the extent that now the % has shifted to 60% PA and 40% indicators and i know for a fact that the longer i stick around the more this % will lean towards indicators. By the end of this series, i want to know the final % weightings for each tool i use in my trading.

[@adit5315]

Salah R Do you still use price action? I am stuck in the same boat. I m wondering if i can use both PA and indicators together

[@bradleyt]

Can’t wait to hear more on metals! 👍

[@ga4650]

Good video. Mix the two and you can be neo.

[@russellbarnes5321]

Hey man it would be awesome to see another psychology video on Thursday if you're still racking your brain for topics. I swear all your podcasts are psychology videos and you pepper it onto the technical arguments really well. Eventually people will come up with their own system, but you do such a good job of training the forex trading mind, how to focus on what's important. 1. Trade your system 2. Get the fuck out of the way 3. Repeat Definitely consider you a mentor VP.

[@NoNonsenseForex]

There's only like two of those videos left unfortunately. Gotta space them out.

[@BigMrToe]

Thank you VP. Makes sense. I made 400 pips in two days doing it the no nonsense way last week.

[@dragonball-dragonatoraa8395]

Wow

[@dragonball-dragonatoraa8395]

I hope u have good volume indicator because I'm struggling with finding good volume d Indicator

[@shah1776]

@@dragonball-dragonatoraa8395 Have u found one by now, this seems to be a big point of contention on this channel XD

[@duancleypaul1647]

Hi there! I'm Duan, I'm Brazilian, and I don't trade forex market, only the brazilian futures market. I've been trading for just 7 months, went through all the money wasting that most people do when they're starting to trade (you wouldn't believe the amount of trash people are selling here). After a while I started thinking exactly the way you mentioned in the video (price action is the best and most effective way of trading). Although I think PA is what fits me better, I'd lile to say that what you said about using indicators being more suited for beginners and most users makes total sense. Why should I start burning my brain out trying to understand the movements of the market (PA) when I can use indicators to facilitate the job? Anyways, congrats and thanks for the video. I still want to pursue the PA path, but I had a "click" in my mind about indicators now. ✌️

[@God__Is__True__4__Us]

Wonderful VP! Thank You! We are indicator based! 🎯

[@banks74016]

Thank you for the video VP

[@JarrydBeck]

If you can make money buying after it's already become more expensive, and selling when it's already cheaper, then I'm glad that it works for you. But I like to buy when it's cheaper and sell when it's expensive.

[@laurenh978]

Thank you VP! I will keep an open mind.

[@misternacho4616]

After years of trading, I decided to take a fresh approach and started here at the beginning - including reading through the entire BabyPips school - and have so far watched every video chronologically by date, and read every blog, up through this video and blog entry. If I take nothing else away from this experience, I will always have the following quote from the blog post accompanying this podcast: "Back in the day, you would have been put in a cage and wheeled around from carnival to carnival so people could laugh and poke you with sticks." That is gold, bro.

[@NoNonsenseForex]

LOL, I'm glad I have impacted your life in some way.

[@trevorconaty40]

Can somebody post what indicators to work with so we can go to work on them. Have no clue what or where to look for any. Why is everything so secretive in regards to Indicators used

[@mashroorsiddique724]

From 500 bucks to ZERO , my very short price action horror story !!!

[@comabtreels6555]

Bruh, Tell me about it

[@naturalremedies4196]

Yeah Siddique, it happens! Last week I was from $1,040.00 to $200 and then to $74. Stupid, if you care, I traded when there were major news! Learnt the hard way!

[@mashroorsiddique724]

@@naturalremedies4196 Wish you quick recovery, friend .

[@angelus80ful]

Great podcast VP!

[@marianmarian2836]

Either I don't understand price action or I don't know , BUT isn't "price action" actually still an indicator in a sense? to me is still kinda looks like an indicator only now it has a subjective element (YOU). You could automate price action patterns and make it an indicator and give you signals to buy or sell. People come to the argument that indicators are lagging and price action isn't, but you're still relying on past data in price action to make a decision how is this any different from an indicator.

[@NoNonsenseForex]

You're overthinking it. Just use the definition the Forex gods already gave us, whether it's perfectly correct or not.

[@FXCORRELATOR]

good video....all roads lead to Rome if you work long and hard and smart enough in your forex journey.....there are infinite ways to make money ....always surprises me even now the systems some people use to make money at it consistently ..........but MM and the psychology are enormous parts of the equation.....so many have a good system .....but mess it up on those 2 huge elements.....

[@luckynkosi255]

Peter from New York City? I didn’t know Spiderman traded Forex

[@NoNonsenseForex]

Turns out he does!

[@Newlyvidz]

Good stuff as always, Thanks champ.

[@allanplutus3408]

price action and correlation is king

[@Lunkyful]

Absolutely agree.

[@samiyute4152]

VP... :) Be relentless, Go get it

[@coloaten6682]

No hate here VP , sorry to disappoint ;-) Keep up the awesome output and thanks!! :-)

[@julioarreaga7736]

I am, in fact, watching this video 3 years into the future.

[@MxolisiMashiloane]

I also did try to trade candlesticks alone and I got burnt.

[@domiflichi]

Been trying to day trade discretionarily (is that a word?) U.S. stocks via price action since May 2017. Still am not successful enough to trade with real money. Yeah, I suck.