DoNotFollowThis

Demo or Live. Experience is gained but you have to prove the experience right.

Correct.

What to do now?

Selling pressure.

EU H1.
where will selling occur?

http://www.msn.com/en-in/foodanddrin...tanntp#image=1

What is price action?

What is market structure?

Having trouble while exiting trades.

What amazes me is the time taken by price in a candlestick to move. Most of the times it is delayed i.e. after the candlestick signals, actually price moves.

Weekly Digest.

Price moves in a manner to find equilibrium between buyers and sellers. Once the equilibrium is achieved, price will move to either up or down direction.
Buying is when people think price is low enough and selling is when price is high enough.

Which questions come to mind when a trade is open?

every price move is a agreement between buyer and seller which are constantly looking for a equilibrium in the market. Opening price of a candle is the reference price or equilibrium price.

Equilibrium is the difference between the open and close price. Difference between the open and close price of reference candle is the price by which perfect equilibrium could not be found.
Equilibrium is when open and close price are same. So, if the difference in price is to be zero then the next candle will be a bull candle if difference is negative and bear candle if the difference is positive.

How to determine if buying/selling pressure is over?

equilibrium candle --> widening of price --> narrowing of price --> equilibrium candle.


If the candle with the arrow on top was a bear candle then it would have been a move to find equilibrium but it moved up and further skewed the price in bull's favour. So, Bulls are in charge now until a normal sized bear candle is formed.

The fact that you become greedy means you are doing something correct.

If you are stuck in a position then you are thinking about the past.

The idea of this journal is - there is always a trade in the markets.

Worse enemy of a trader is not trading.

These would be price levels people would have sold/buy on against the trend. To have a move against the trend would require large volume. These levels can be called possible price reversal levels.

What is the difference between ticks and candles?

There is always a trade in the market. It depends on your skill if you can trade in market's direction.
Why are Open, high, low and close so important?

Open is when there is a disagreement between buyers and sellers, the equilibrium is disturbed.

Close is when there is an agreement between buyers and sellers.

High is the highest level price checked to find an equilibrium or agreement.

What is price action?

What is market structure?
Low is the lowest level price checked to find an equilibrium or agreement.

Anyone expecting EUR/USD to rise up?

Something. UJ H4

I am bullish on both EUR and USD. But more bullish on EUR, so expecting EUR/USD to rise and test 1.207. A better trade might be EUR/JPY however.

Hi,
Thanks for the reply. Can you ,if you like, provide a reason for this analysis?

EUR/USD has not made lower lows and there's a Abandoned Baby Bullish candlestick pattern formed.

However, a review on the USD/JPY charts show bullish momentum as well, on the weekly and the monthly charts.

I have the same analysis for EUR/USD. What is a baby bullish candlestick pattern?
waiting for a bearish engulfing on USD/JPY if I would short more.

http://www.investopedia.com/terms/b/...doned-baby.asp

I cannot spot
1. The first bar is a large red candlestick located within a defined downtrend.
where is the defined downtrend?

I guess