Live Forex Trading & Backtesting Last Week [13.05.2024]

Рет қаралды 1,863

Күн бұрын

Unedited and uncut. Backtesting while looking at a LIVE TRADE (turned out a loser, but that's just probabilities)
Watch me live as I backtest last week's Forex trades! Learn about price action trading, order blocks, and how to trade the EURUSD pair effectively. Perfect for those interested in forex trading.
Timestamps to help you:
00:00 - Intro to backtesting
00:48 - 1m timeframe scalp trade LIVE
02:00 - Chart markups
04:00 - Backtest with me
06:40 - Extreme Orderblocks Move - Explanation
15:35 - LIVE TRADE Explanation
19:00 - Conclusion & tips on live trading (worth noting)
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💡 VIDEOS TO HELP 💡
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Full Order Block Strategy 151% trading AUDJPY: • BACKTESTING ORDER BLOC...
Supply and Demand vs Support and Resistance: • Supply and Demand vs S...
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DISCLAIMER
I am not a registered financial adviser and hold no formal qualifications to give financial advice. Everything that is provided in this video is purely for educational purposes only. All information here should be independently verified, researched, and confirmed.
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex Market, you should carefully consider your investment objectives, level of experience, and appetite for risk. Most importantly, do not invest money you cannot afford to lose.

Пікірлер: 23

@TradeForexwithPaul Ай бұрын

Quiz: So today's trade turned out a loser, but with a win chance of about 20%, it was expected. What RR would be required at a minimum to make this a viable trade? (Forget spreads/comms)

@jakedahooligan Ай бұрын

5R?

@paramdnl Ай бұрын

4R will be breakeven so anything above 4R.

@lucimilena1 Ай бұрын

a 1 to 5 Risk Reward as win chance is only 20 percent = 1/5th of a chance

@ianjones6359 Ай бұрын

Anything over 5R, with 5R being break even.

@Patrick-xg4ob Ай бұрын

Hi Paul. Thanks for the great videos. Do you have an exact date when the mark up service is coming ?

@peter16665 Ай бұрын

E P I C ! First time a losing streak video makes me trust and like a strategy. You are amazing. You made my day. Thanks for your being exceptionally honest.

@TradeForexwithPaul Ай бұрын

Thanks so much mate. Can't be winners all the time, but a positive expectancy will make you win over time

@Juslav Ай бұрын

Holy crap, it was my first week, last week, trading with your strat (after a lot of demo and backtesting, with some good results) but I ended up with something like 6 or 7 losers and only 1 small win, and I felt so bad lol... Now seeing you had similar results I understand it was actually a bad week for this strat and I feel much better now ! Good and bad weeks are important to show, I really appreciate your work, it gives good perspective.

@TradeForexwithPaul Ай бұрын

Ah mate, well done - you got similar to me meaning you did well! Just one of those weeks! We don't always get to win a high win-rate, but the strategy is solid over time. I think this is the 3rd losing week of the year so not so bad overall. 41% or something last week, so don't worry :)

@GankBott3M Ай бұрын

Just discovered your channel about an hour ago and already a new upload to watch. You seem like you cut the bullshit and advise that you can lose and it’s not all wins and easy times, keep it up!

@TradeForexwithPaul Ай бұрын

Really appreciate that comment mate. Thank you, and welcome 🙏

@Trooson Ай бұрын

Awesome!

@TradeForexwithPaul Ай бұрын

Thanks dude

@chriscampbell3699 Ай бұрын

great vid again paul ..keep it up .. at 10 mins 30 secs into the vid you get wicked out by 0.1pips on a legit to take 15min OB .. ive noticed and seen sam trades do this as well .. that order block was exactly in line with an asian low so because asian lows are so highly manipulated he covers the order block below that the asian low originally bounced from .. may help with those annoying 0.1 - 0.5 pip wick outs or just add a 1 pip stop if the oderblock is anything part of an asian high or low

@leonambach5345 Ай бұрын

Hey Paul. I actually like those vids as well where you go over the week rather quick. I got a question about the 15 tf. The video is a bad example cause we were stuck in a range but do we count choch outside of a 4h poi on the 15 in general? As I am starting to grasp the strategy more I realised you take trades in the opposing direction of the 15 but in confluence with the htf. So the 15 choch only counts in POIs? Thanks for your work. Really appreciate it!! 💪

@lildgamedev6885 Ай бұрын

appreciate this video and you being transparent about losses in trading. Encouraging to see that the FTR man himself can have losing weeks as well sometimes ;)

@TradeForexwithPaul Ай бұрын

100%. Was happy with my trading last week. Managed to pay attention most of the week, just probabilities didn't play out this time

@janisdabols8 Ай бұрын

A well executes trading session, showing this i can see a few points the EURUSD has finally decided to start making it's move the price is currently trading into the supply area of 1.0800 i would expect it to keep trading higher until the dollar index gets to 104 the major trend is still on the sell side until proven otherwise As traders we should always follow our trading strategy as this is our only weapon against the market

@TradeForexwithPaul Ай бұрын

Well said mate