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Price Action discussion

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  • Opened Jul 7, 2018 | Never Closes | 13 Votes
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  • Post #1
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  • First Post: Jan 10, 2015 9:17am Jan 10, 2015 9:17am
  •  geniusztc
  • Joined Jun 2010 | Status: Hello,Mr.Market | 1,821 Posts
In my humble opinion,So-called Price Action is just the classical technical analysis which follows Dow Theory,the key is trend,define trend,find trend,use trend(follow or anti).What price gives us directly? Price patterns(bars) and swing highs/lows.Price patterns lead to top and bottom,swing highs/lows lead to trend lines and S/R lines.
BUT,the principle of trade is individual,the plan of trade is different.It depends on how we LOOK the things prices give us.right or wrong?! technical analysis is experiential,so does the price action.
A chart helps those who can read it.
  • Post #2
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  • Jan 15, 2015 9:42am Jan 15, 2015 9:42am
  •  greenbay
  • | Joined Jan 2015 | Status: Junior Member | 1 Post
Hi,

Sorry im a newbie, does anyone know what the 12 represents in the following parameter please?

S&R(12) Price Touched Support
  • Post #3
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  • Jan 16, 2015 8:11am Jan 16, 2015 8:11am
  •  adeniyia33
  • | Joined May 2011 | Status: Member | 14 Posts
Price Action is all about reading the pure chart without any indicatorar or robort as most traders do. In fact the simplest part of Price action trading is to trade what u see.

Take a closer look at the chart attached.
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  • Post #4
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  • Feb 1, 2015 11:46am Feb 1, 2015 11:46am
  •  strong1692
  • | Joined Oct 2014 | Status: Member | 12 Posts
Interested thread! Please keep going
  • Post #5
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  • Apr 30, 2015 7:01am Apr 30, 2015 7:01am
  •  geniusztc
  • Joined Jun 2010 | Status: Hello,Mr.Market | 1,821 Posts
Resistance & Support-------psychology game

At first,0.7900 area was a resistance for bullish,and price tried to break it twice,unsuccessful. It broken through this resistance at third time,then pull back to 0.7900 area,0.7900 area now turn into a support zone.

The stop loss position is 30 pips far away,at 0.7870.and the take profit position is @ 0.83 area-----the same breadth box in chart.

let's C.
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A chart helps those who can read it.
  • Post #6
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  • May 1, 2015 9:20am May 1, 2015 9:20am
  •  jen101
  • | Membership Revoked | Joined Aug 2012 | 5,371 Posts
Quoting geniusztc
Disliked
Resistance & Support-------psychology game At first,0.7900 area was a resistance for bullish,and price tried to break it twice,unsuccessful. It broken through this resistance at third time,then pull back to 0.7900 area,0.7900 area now turn into a support zone. The stop loss position is 30 pips far away,at 0.7870.and the take profit position is @ 0.83 area-----the same breadth box in chart. let's C. {image}
Ignored
Hmmm... not sure about that!
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  • Post #7
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  • May 1, 2015 9:41am May 1, 2015 9:41am
  •  Petr.K
  • Joined Nov 2014 | Status: Part-Time Trader | 584 Posts
Quoting jen101
Disliked
{quote} Hmmm... not sure about that! {image}
Ignored
.
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  • Post #8
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  • May 1, 2015 9:55am May 1, 2015 9:55am
  •  jen101
  • | Membership Revoked | Joined Aug 2012 | 5,371 Posts
Quoting Petr.K
Disliked
{quote} . {image} {image}
Ignored
Friday afternoon now, almost pin bar on weekly off key level
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  • Post #9
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  • May 1, 2015 10:29am May 1, 2015 10:29am
  •  geniusztc
  • Joined Jun 2010 | Status: Hello,Mr.Market | 1,821 Posts
Quoting jen101
Disliked
{quote} Hmmm... not sure about that! {image}
Ignored
yes,not sure----so called technical analysis.but the theory is right, isn't it?

and you put the monthly chart. on monthly time frame,I still choose the north.
A chart helps those who can read it.
  • Post #10
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  • May 1, 2015 10:49am May 1, 2015 10:49am
  •  jen101
  • | Membership Revoked | Joined Aug 2012 | 5,371 Posts
Quoting geniusztc
Disliked
{quote} yes,not sure----so called technical analysis.but the theory is right, isn't it? and you put the monthly chart. on monthly time frame,I still choose the north.
Ignored
Yes, some conflicting signals, monthly has bullish engulfing also... I usually prioritize price levels and higher timeframes though I tend to stay clear when the timeframes can't agree. But I think south
  • Post #11
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  • May 1, 2015 7:25pm May 1, 2015 7:25pm
  •  Gbp/jpy
  • Joined Nov 2007 | Status: CHART HACKER | 2,453 Posts
non-sense....it's going north soon....it pierced upwards....do this all the time....that pierce is friggin huge

they're telegraphing the move way ahead of time...
  • Post #12
  • Quote
  • Edited May 5, 2015 12:44am May 4, 2015 1:34am | Edited May 5, 2015 12:44am
  •  geniusztc
  • Joined Jun 2010 | Status: Hello,Mr.Market | 1,821 Posts
AUDUSD

support area on H4 chart-----the 365ema and 150ema, the 50% fib,the pin bar.
I choose to open long position here.
stop loss position below 150ema @ 0.777.

(by the way,there is a fundamental risk,the RBA may cut tomorrow.)
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  • Post #13
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  • Edited at 9:57pm May 5, 2015 12:32pm | Edited at 9:57pm
  •  geniusztc
  • Joined Jun 2010 | Status: Hello,Mr.Market | 1,821 Posts
take profit @ 0.7945
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A chart helps those who can read it.
  • Post #14
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  • May 5, 2015 10:24pm May 5, 2015 10:24pm
  •  geniusztc
  • Joined Jun 2010 | Status: Hello,Mr.Market | 1,821 Posts
USDJPY:the support and resistance on different time frame.

as we can see,there is a down trend line on daily chart,and the daily closed price MAY BE under this trend line.on H1 chart,the previous support area @ 120,I suppose it turn into resistance. however,the big support zone @ 118.50.

I open short position @ 119.93,and SL above 120.2X would be not bad.

Let's C.
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A chart helps those who can read it.
  • Post #15
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  • May 6, 2015 1:59am May 6, 2015 1:59am
  •  Pipomagic
  • Joined May 2013 | Status: Coder, Trader & Optimist | 226 Posts
Looks Good
DON'T TRADE THE DIRECTION, TRADE THE MOVE
  • Post #16
  • Quote
  • May 6, 2015 10:12am May 6, 2015 10:12am
  •  geniusztc
  • Joined Jun 2010 | Status: Hello,Mr.Market | 1,821 Posts
take profit @ 119.25
A chart helps those who can read it.
  • Post #17
  • Quote
  • May 20, 2015 5:40am May 20, 2015 5:40am
  •  geniusztc
  • Joined Jun 2010 | Status: Hello,Mr.Market | 1,821 Posts
Quoting geniusztc
Disliked
Resistance & Support-------psychology game At first,0.7900 area was a resistance for bullish,and price tried to break it twice,unsuccessful. It broken through this resistance at third time,then pull back to 0.7900 area,0.7900 area now turn into a support zone. The stop loss position is 30 pips far away,at 0.7870.and the take profit position is @ 0.83 area-----the same breadth box in chart. let's C. {image}
Ignored
unwilling to give up hope for bullish. when will I get 0.83?
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Name: AUDUSD 2015.05.20.png
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A chart helps those who can read it.
  • Post #18
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  • Nov 19, 2015 3:29am Nov 19, 2015 3:29am
  •  geniusztc
  • Joined Jun 2010 | Status: Hello,Mr.Market | 1,821 Posts
It is time to short it below the S/R level. as you can see.
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A chart helps those who can read it.
  • Post #19
  • Quote
  • Oct 17, 2016 9:19am Oct 17, 2016 9:19am
  •  geniusztc
  • Joined Jun 2010 | Status: Hello,Mr.Market | 1,821 Posts
SUPPORT & RESISTANCE

At first,the strong resistance is @ 79.00. once price breaks though this level. the previous resistance turns to support. wait for the price pull back to this level again. It is the chance to long it.

regards.
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A chart helps those who can read it.
1
  • Post #20
  • Quote
  • Feb 13, 2017 7:20am Feb 13, 2017 7:20am
  •  geniusztc
  • Joined Jun 2010 | Status: Hello,Mr.Market | 1,821 Posts
technical analysis can not analyze the past.

technical analysis can not forecast the future.

technical analysis can give you positions open and close trades with low risk.

for me, trade is a probability game.
Attached Image
A chart helps those who can read it.
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