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-   -   Price Actions- EurUsd (https://www.forexfactory.com/showthread.php?t=272239)

abajiga Dec 18, 2010 5:05pm | Post# 1

Price Actions- EurUsd
 
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Let me rectify something here: Everything below here is useless. It didn't work, BUT - Trading price action with Time is Real.
In other words - Time is Money! Welcome and go straight to latest pages to learn and see real live trades as the day goes on!


Hello Everyone!

I will be posting my live charts here and will share with other traders who are trading live and as well as those who are serious in their demo trading. I hope we can all benefit from each other by sharing our ideas and lead to one goal, continuing being successful traders.

I will mainly be looking at price actions. Indicators will be the last thing to be discussed. PRICE ACTION is what determines my trading and TIME. For example see my last trade I took on Friday.

I look for only 1-2 trades a day.

Time Frames: Daily,4H,1H & 30min

1min TF is when look for all check marks only.
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abajiga Dec 18, 2010 6:22pm | Post# 2

EurUsd-Monday the 20th DEC signal
 
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From 4H TF, I have a bearish confirmation.

I am mainly looking to SELL Monday morning after London open.

I am looking for price to break down the 1.31325 as shown in the attachment.
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Rooster34 Dec 18, 2010 9:50pm | Post# 3

a question on the setup if you dont mind. I new to trading/price action. So this question is probably noobish. I see the reversal bar at the recent swing high, but it's already moved downward significantly. Why enter now and not after the low of the pin bar was breached?

abajiga Dec 19, 2010 12:26am | Post# 4

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a question on the setup if you dont mind. I new to trading/price action. So this question is probably noobish. I see the reversal bar at the recent swing high, but it's already moved downward significantly. Why enter now and not after the low of the pin bar was breached?
Good question there... Remember you looked 4H TF here

Now switching to 30min TF with the same Fib settings, you should spot similar pattern to the 4H TF but this time, 73.6% @ 1.32285 is like having the 4H TF @ 100% fib breached.

If you check the first chart, notice the price action of the trade I took was below the 73.6%@ 1.32285 and that coincides with my trade where the main signal was from the 30min TF and not the 4H TF as it seems now.

Basically I looked from the larger time frame 4H and I zoomed in 30min and later confirmed my trade by quickly verifying in 1min.

I hope you getting the bigger picture here how I figured it out.

Cheers.
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abajiga Dec 19, 2010 3:00pm | Post# 5

fib change
 
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So here is a re-drawn fib with the 100% mark breached. Note confirmation signal for sale occurred after US opened.

...Now referring to to my first chart. Note I allowed the market to run down till London was about to close and usually a change in trend occurs which I look for a maximum of 20 pips against the trend depending on price action. It takes experience to so with a tight stop loss. I will post some examples in the near future.

Cheers
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abajiga Dec 20, 2010 8:53am | Post# 6

waiting patiently...
 
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London opened....no signal

US opened...still no signal to short
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abajiga Dec 20, 2010 10:05am | Post# 7

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London opened....no signal

US opened...still no signal to short
So far so good....looks like we are getting somewhere down. Lets see how the last candle closes
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abajiga Dec 20, 2010 10:29am | Post# 8

signal down
 
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Seems we have a short signal...still waiting for the 30 min candle to close
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abajiga Dec 20, 2010 10:37am | Post# 9

Seems we have a short signal...still waiting for the 30 min candle to close
I am short now....taking profit @1.30701

abajiga Dec 20, 2010 11:16am | Post# 10

london close
 
Rules as usual, few seconds before London close came out the market with 17pip profit.

abajiga Dec 21, 2010 8:36am | Post# 11

trends up
 
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Last night Tokyo changed trend to up and London confirmed this morning as UP.

So far there has been retracement and am looking price actions past the blue marked line and am happy to buy.
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abajiga Dec 21, 2010 9:43am | Post# 12

waiting patiently...
 
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Looking at price actions, there is an interesting formation of price changes since US opened. It looks like there is also a possibility of down break. Having said that, regardless, am waiting for a candle to close otherwise am happy to stay out the market ;-)

Discipline!

Cheers
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abajiga Dec 21, 2010 10:33am | Post# 13

signal
 
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I am currently selling and target is 1.30930
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abajiga Dec 21, 2010 11:28am | Post# 14

London close
 
I am currently selling and target is 1.30930
Came out the market on retracement after London close with 3pips profit.

abajiga Dec 22, 2010 5:03pm | Post# 15

What is next for EurUsd...
 
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We have recently seen eurusd go down considerably but it looks like it is finding some resistance with the current prices. So is there any way for it to go back?... Well, I have taken the time to do some analysis and this is what I see on the charts. Remember, you can speculate the market, but the graph says it all.

Those big Bullish bars catch my eyes and something to be cautious selling euro after current price action. This is what it looks like....
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abajiga Dec 28, 2010 12:33am | Post# 16

other currencies...
 
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I recently studied several currencies and did try on demo (last month) as attached. I asked other trader's opinion on how many currencies to trade, I found many traders suggested to cut the list down and specialise only few currencies as few as two to three. I actually found, by trading many currencies somehow boosts my chances of earning many pips daily.
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abajiga Dec 28, 2010 12:43am | Post# 17

todays currencies...
 
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Last night, I studied the currencies with the best chances of getting me some pips and traded on demo again. Probably need to increase my leverage my trading lots. The results were as attached. So, from now onwards, I will study and give the best possible signals for the day. I will demo these currencies beside my live trade. I currently live trade only EurUsd.

Cheers!
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abajiga Dec 28, 2010 12:53am | Post# 18

Stop Loss...
 
Previously (on other thread) some have asked on where to put stop loss for the daily signal, so I will next demo by placing stop loss but no TP. Will allow the market to run on and BE.

abajiga Dec 28, 2010 1:16am | Post# 19

EurUsd
 
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Daily chart does not show trend confirmation for buy but from 4H TF, it looks we have a buy confirmation. This might end up confirming a buy trend by the end of the day (on daily TF), So will scalp to buy today and NOT sell at anytime.

Cheers!
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abajiga Dec 28, 2010 12:48pm | Post# 20

EurUsd buy
 
Currently on a buy with a tight stop loss@ 1.31222 TP@ 1.31435


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