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Dingoman-two Jan 12, 2018 1:43pm | Post# 9041

{quote} I dont use them much ,,,,, just check em now and then ,, helps me pin point areas to start piecing together flags and pennants and projections ,, just a tool that gets dusted off here and there lol

I CAN RELATE

I HAVE LOST SO MUCH MONEY OVER THE YEARS BECAUSE OF INDICATORS

BUT THANKS TO THIS WEB SITE I HAVE LEARNT SO MUCH IN SUCH A SHORT TIME
ABOUT PRICE ACTION I AM JUST

MXT Jan 12, 2018 1:45pm | Post# 9042

{quote} maybe it's not gonna be tomorrow , maybe not even Tuesday , but sooner or later during the week we will be seeing 1.2100 + printed
posted this last Sunday

green pips to all of you

altzspec Jan 12, 2018 1:46pm | Post# 9043

By the way, it will be terrific to visit US for holiday if its currency goes cheaper. Their tourism will open up.

digger1 Jan 12, 2018 2:13pm | Post# 9044

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Thank you so much. I am learning a lot since I joined this group. I was so lost. Practice practice. {quote}
If you still around Tydo ,, even I have to practice and an example of why getting your line drawing down ,,,,,,, I tried a few shorts from the average, momentum looked like it was slowing down , wrong lol,,,they were stpped for nothing ,, the channel didnt break so bought back in at the average, dont look like much but thats a 30 pip channel,,,,,you can never assume whats happening , let price show you ,,,,,, practice practice practice
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Neil0163 Jan 12, 2018 2:28pm | Post# 9045

{quote} What do define as "trading price action"?
So first i define the structure of the market
I then define the trend of the market
After this ill look at the strength of the trend
once ive done this and i have my bias i look for discrepensis within that trend so is price acclerating or deacclerating into support resistance?
is this move just a pull back within the trend?
i trade against weakness within price, for example everyone was predicting a short because the "Euro had such a huge move and it beat its ADR" "its overbought" people where expecting a downwards move with there shorts, but there was no downwards movment.
Also the study of price swings within a lower time frame give you an insentive as to the strength of trend to by comparing the swings together and how price moved within then swings.
Was it fast was it slow? was it an over extended move? is there weakness in that swing coming into support or resistance.

The market will do the following fact.

Trend with small pull backs
Trend with complex pull backs
Range
Breakout and hold in our new area of interest between our defined structure.
Breakout and reverse back into our previous defined structure.
Range.

Comparing price swings on a lower time frame shows you who has momentum just like projection and depth does compare then both.
Thats all i did to tell me this was going to go higher using projection depth and momentum i could tell when everyone was shorting that the move was more than likly going to be a pullback rather than reversal. Now we are at 1.2175 as its friday ill close my trade shortly as i dont hold over the weekend.
If we where on tuesday and i had a trade id carry out what i call bar by bar anaysis for each candle stick printed to determine sentiment. once price no longer goes with my sentiment i am out. Granted price may carry on in my direction but better safe than sorry.

JerryFisher Jan 12, 2018 2:33pm | Post# 9046

RIP shorters...

Gwen11 Jan 12, 2018 2:33pm | Post# 9047

EUR is turning unstoppable....

Noor16 Jan 12, 2018 3:06pm | Post# 9048

EU this month next target 1.2429

Noor16 Jan 12, 2018 3:07pm | Post# 9049

This year we must be get EU will be 1.37xxx area

Noor16 Jan 12, 2018 3:09pm | Post# 9050

If we will be lucky then we'll get it within 1st half of this year

Pipfu Jan 12, 2018 3:12pm | Post# 9051

My experimental paradoxical trader enthusiasm indicator just went off.....time to short.

Noor16 Jan 12, 2018 3:12pm | Post# 9052

Take long again from 1.2067 areas.
Happy weekend

Dingoman-two Jan 12, 2018 3:14pm | Post# 9053

1 Attachment(s)
This year we must be get EU will be 1.37xxx area

Monthly chart folks,

i see a high of 1.2566

The 5/55 EMA are close to crossing (bullish trigger)

Cheers Brian Dingoman-2

Screenshot 2018-01-13 04.11.17.png
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mkjenna Jan 12, 2018 3:19pm | Post# 9054

Short 1.21781, SL 15 pips, TP 60 pips.

digger1 Jan 12, 2018 3:24pm | Post# 9055

1 Attachment(s)
My experimental paradoxical trader enthusiasm indicator just went off.....time to short.
Lol,,,,,, would think there would be some consolidation for a bit ,,, provided no new high or low 2049 will be the 50 level of last week next week ay sounds confusing ,,,,,,,,,may be an area to watch ,,,,,strong move tho ,,,2240 monthly level not far away now ,,may want that before much consolidation 2122 took a bit to chew thru ,,,,,,thats to figure out next week lol,,,, just out of curiosity did it go high enough to get your stp level from Wednesday ? At anyrate closing all here for the week at WR 3 , cheers man Click to Enlarge

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mihai1986 Jan 12, 2018 3:41pm | Post# 9056

As Ata and i said earlier, xABCD will be completed around 1.2180-1.2190
We reached this level but i eill not enter the narket now. The weekend might bring a gap that might go against us and loose some money. I'll look to enter short as soon as asia session starts monday.
I won't take a chance now. It will not move that much now. Eu brokers almost closed now

MXT Jan 12, 2018 3:48pm | Post# 9057

just as a side note

this weekly close looks really bullish for the coming weeks

of course you can always trade pullbacks and retracements , but the next likely target over the next 1-2 weeks could be the 1.2300 / 1.2400 area

Dingoman-two Jan 12, 2018 4:07pm | Post# 9058

{quote} Monthly chart folks, i see a high of 1.2566 The 5/55 EMA are close to crossing (bullish trigger) Cheers Brian Dingoman-2 Screenshot 2018-01-13 04.11.17.png {image}


"Sweet"

Gwen11 Jan 12, 2018 4:08pm | Post# 9059

1,22... wow...

Dingoman-two Jan 12, 2018 4:09pm | Post# 9060

1,22... Wow...

it just plough through it


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