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-   -   Simple Price Action with Fibonacci: Back to Basic (https://www.forexfactory.com/showthread.php?t=865890)

Remax Jan 6, 2019 2:01pm | Post# 1

Simple Price Action with Fibonacci: Back to Basic
 

Hello ForexFactory community. Its been awhile since I posted here. This is my humble trading journal.

I decided to keep track my trade and improve my trading skill.


Feel free to join me!


Update : 4/2/2019

Telegram Channel : Click Here!


Method :
Simple price action. My supporting tool will be Awesome Oscilattor and Fibonacci for Takeprofit & Stop Loss.

Entry Setup :
Intraday / Swing (Sometimes)

TimeFrame :
M30, H1, H4

Pair :
Strictly currency and commodity only.

Terms :
SBR = Support become Resistance
RBS = Resistance become Support
Up Arrow = Support
Down Arrow = Resistance
H = High
L = Low
HL = Higher Than Low
LH = Lower Than High
HH = Higher Than High
LL = Lower Than Low


You may ask any questions regarding my trade. Mostly, all of my post are signal based. And trade at your own risk, if you wanted to follow. I will share my chart homework. Cheers!



Tips and Tricks :

Basic structure of my trade. Back to 101!
- (Click Here)

What is the simple and easiest way to determine price action?
- Using Awesome Oscillator (Click Here)
- Having difficulties? Hard? Try Option 2! (Click Here)

When is the best time to enter the market?
- After you have atleast 3 confirmation. 1 of it is from Price Action. Another 2?

Confluence of Awesome Oscillator and Trend. Could it be?
- Yes, one of the signal I like to use to determine the momentum. (Click Here)

Remax Jan 6, 2019 2:01pm | Post# 2

9 Attachment(s)
First Lesson - Support and Resistance by JGV100

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A1. Support and Resistance

SUPPORT : Happens when price move from top to bottom but fail to penetrate one line/zone and bounce up. "Any part at which the market stopped going down and turned up".

RESISTANCE : Happens when price move from bottom to top but fail to penetrate one line/zone and bounce down. "Any part at which the market stopped going up and turned down".

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A2. Breakout and Role Reversal Phenomenon

BREAKOUT : Price managed to penetrate Support or Resistance which is a point/line/zone where exchange function of Support and Resistance happens.

ROLE REVERSAL : Support and Resistance already exchange function at line/zone of SBR, RBS

SBR : Support Become Resistance

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RBS : Resistance Become Support

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The Big Picture

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Second Lesson - Trend by JGV100

A. Trend

PRICE ACTION (PA) : The way to identify current trend = THE BEST LEADING INDICATOR

A1. UPTREND : A series of rising peaks and throughs (L, H, HL , HH)

L = Low
H = High
HL = Higher Low
HH = Higher High
PA UPTREND : L - H - HL - HH - HL - HH & SO ON

ACTION : UPTREND = BUY ONLY

Uptrend Price Action Example

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A2. DOWNTREND : A series of descending peaks and throughs (H, L, LH , LL)

H = High
L = Low
LH = Lower High
LL = Lower Low
PA UPTREND : H - L - LH - LL - LH - LL & SO ON

ACTION : DOWNTREND = SELL ONLY

Downtrend Price Action Example

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B. Basic of Trading CSR100

3 IMPORTANT THINGS THAT YOU NEED TO REMEMBER AND FOLLOW WHEN TRADING!

1. TRADE WITH THE TREND : Trend is your friend. Treat trend as your "lover". Do not ever trade against the trend. Its easier to profit when you "Trade with the Trend" compared to "Trade against the Trend".

UPTREND : BUY ONLY
DOWNTREND : SELL ONLY

2. BUY AT SUPPORT : Buyers enter the market at Support and take control from the sellers. It means, enter "BUY" only at "SUPPORT". It is wrong if you buy at Resistance.

CSR100 technique : Buy at RBS (Resistance Become Support)

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3. SELL AT RESISTANCE : Sellers enter the market at Resistance and take control from the buyers. It means, enter "SELL" only at "RESISTANCE". It is wrong if you buy at Resistance.

CSR100 technique : Sell at SBR (Support Become Resistance)

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Remax Jan 6, 2019 2:02pm | Post# 3

Tips and Tricks :

What is the simple and easiest way to determine price action?
- Using Awesome Oscillator (Click Here)

When is the best time to enter the market?
- After you have atleast 3 confirmation. 1 of it is from Price Action. Another 2?

January :
GBPAUD : +374 Pips

Remax Jan 6, 2019 2:34pm | Post# 4

1 Attachment(s)
Trade #2

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Remax Jan 6, 2019 5:43pm | Post# 5

1 Attachment(s)
Trade #3

Waiting to short when price breaking the trendline. Possible 185 pips down. Please do checkout my telegram.

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Remax Jan 7, 2019 4:21am | Post# 6

2 Attachment(s)
Trade #2 {image}
Half way to Take Profit level. Nice downtrend reversal.

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Update!

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Remax Jan 7, 2019 4:53am | Post# 7

3 Attachment(s)
Determine the swing high and swing low simple way using Awesome Oscillator. Please check my USDCHF entry above.

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Remax Jan 7, 2019 8:27am | Post# 8

Updated my thread. Please check it out here! Have a wonderful trade guys.

Inserted Video


kamotxa Jan 7, 2019 9:23am | Post# 9

Trade #3 Waiting to short when price breaking the trendline. Possible 185 pips down. Please do checkout my telegram. {image}
What is your telegram to follow him? excellent job congratulations

gabbie2010 Jan 7, 2019 10:32am | Post# 10

This is indeed a well detailed price action keep it up let us know your telegram channel

Remax Jan 7, 2019 2:38pm | Post# 11

This is indeed a well detailed price action keep it up let us know your telegram channel
{quote} What is your telegram to follow him? excellent job congratulations
Hello guys. Thank you for the support. I will share my telegram channel soon!

Remax Jan 7, 2019 2:45pm | Post# 12

Almost there guys! Still waiting and sleepy. Should I close it manually? Look! Look!

kamotxa Jan 8, 2019 12:44pm | Post# 13

Almost there guys! Still waiting and sleepy. Should I close it manually? Look! Look!
At the end I arrive, congratulations

Remax Jan 9, 2019 9:45am | Post# 14

USDCHF done! Making another sell setup. I will share soon!

vladutz112 Jan 9, 2019 1:40pm | Post# 15

nice thread i like your style keep posting

Remax Jan 9, 2019 3:26pm | Post# 16

3 Attachment(s)
How to determine the momentum through my point of view. The price should be confluence with the Awesome Oscillator Peaks or Troughs. Both needs to make Breakout.

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J1mm Jan 9, 2019 5:38pm | Post# 17

Nice thread, subscribed

I like how you use divergence on AO

luis1moce Jan 18, 2019 12:23am | Post# 18

Hi Remax, thanks for your kind explanations, could you please explain more about entries? How do you use the breakout and trendlines to enter? Thanks!

Remax Jan 22, 2019 3:53pm | Post# 19

1 Attachment(s)
Trade #4

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Remax Jan 22, 2019 3:56pm | Post# 20

Hi Remax, thanks for your kind explanations, could you please explain more about entries? How do you use the breakout and trendlines to enter? Thanks!
Hello Luis. I just use Awesome Oscillator which guide me for trend breakout and trendline.


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