priceaction1 journal

post no 4 download fti teching.doc file. all is there. but if you visit http://www.forexfactory.com/showthread.php?t=57639 you will be hit treasure.

Thank you...Already downloaded that and I will read that later...
But if you could spend some more time on explaining why you enter trader, it would be much more efficient for the followers.
You know, if I know why you take a trade, then I can do analysis like you do. thanks.

19 consecutive wins!

I will , I am looking for cable short set up. no trade today. side line.

only 5% for today

my view of eur/usd for next week.

No 1 only long if neck line break. not most likely.
No 2 most power full as cheif fti says the price move in direction of trand like rubber band. and correction is like lethargic slow. we see in eur the down side is like rubber band fast move, and up side is lethargic so trend is down.
No3 price is at resistance level i.e 1.3560-90 area, we know that price never move in state line so it is the likely area where price movie to up side till 1.3630-50 area.
No4 price hit 38.2 fib ratio. from top.

so what we do.
Not going long till 1.3710-30 area breach with volume. or only long above 1.372** area.
so if not long than short yes but will enter around 1.364*** area with 1.3660 area in mind if price goes above 1.3660 area either sand rescue or kill the position what ever you like.

another option if price move down side less likely, with out going 1,3640 area than short with stop loss around 1.359** area.

cable. I am working on it cumming soon.

No 1 when price at major reversal area there is large last move in the last direction and we often see a a long spike. which is in this case not present so no short at present price.

No 2 wave I am not the master of EW, but it look like it is potinal to move up side.

No 3 dynamic bull pressure. pointing up side.
No 4 on weekly time frame possible cup and handle formation. if price move above 1.7330-60 area. than it is no more.
so only safe short area is above 1.73*** area.
another handy procedure for short entry. look the ATR of price which is 64. and we are at extreme point so 2x64 it is 128. i.e 1.7285. so for Monday safe short around 1.7250-7300 area.
it is wise to put sell limit at top of ATR area but keep in mind that if price not come down till before USA close than kill the position.
with this method we can catch the top of spike.

so I short cable around 1.7250-1.7350 area. and short eur 1.3640-60 area, above 60 either kill or rescue.
I will never show my live entry simply bcz once you put your position in public you never cut it loss simply bcz you want to be correct. And I am not willing to be wright, but I want to be profitable
I too have losing strike Laugh and the world laughs with you; weep and you weep alone.

best regards.

nice analysis. thanks for sharing!

people are fighting with 20k account. 20k I will make it 200k boys.

ok time out

this is what I want to see this week for short in cable.​ but market is not move according to wish

cable little gap up opening!!!

inter bank rate.

some scalping till short set up.
https://charts.mql5.com/5/150/eurusd...g-point-of.png

cable update, as per trend it look like 1H trend is down. i.e down side candle are solid rubber band like move, and up side is slow lethargic

500-700% a month using single chart patterns and using channels like above on the 1H. Looking forward to your future results Cheers and goodluck to you on your journal.

euro can try to move above 1.3609. and try to full the vacuum from 1.3640 to 1.3610 area. can be long from 1.3610 upto 1.3640-50 area. my short is there but above 1.3660 area no more short.