Price Actions- EurUsd | Page 26 | Forex Factory

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Price Actions- EurUsd

  • #501
  • Mar 27, 2019 7:48am Mar 27, 2019 7:48am
USDJPY we looked at last night nearly got to the Buy Zone
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.JPG Size: 211 KB
  • #502
  • Mar 27, 2019 10:21am Mar 27, 2019 10:21am
Quoting oblong
USDJPY we looked at last night nearly got to the Buy Zone {image}
yea...looks like this one will bounce back up again
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.SBM1.png Size: 49 KB
Time Is Money
  • #503
  • Mar 27, 2019 10:27am Mar 27, 2019 10:27am
Quoting abajiga
Cleared my profit from the table with around +20pips... can’t complain I remember the days I never could make a pip in a week. Tomorrow is a new day, more to come!
Normally am out by 10AM, i.e my take profit is hit. This one went back low again and tried to climb up. Didn't wanna be part of that anymore. I can always catch another train...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.SBM5.png Size: 47 KB
Time Is Money
  • #504
  • Mar 27, 2019 1:43pm Mar 27, 2019 1:43pm
Yeah your way is safer in and out with profit then off to lunch or pub (in ideal world) instead of watching all day :-).

Wish Id kept my AUD USD short running, would of cleaned up.

GBPJPY on way to target.

Whats the reason for the 5 AM on the charts and is that 3AM UK time (think you mentioned your broker account is 2 hours in front)?
  • #505
  • Mar 27, 2019 2:09pm Mar 27, 2019 2:09pm
Just came out of GBPJPY for 58 pips @ 146.482
Still got EURJPY and NZDCHF left in play.
  • #506
  • Mar 27, 2019 2:12pm Mar 27, 2019 2:12pm
Quoting oblong
Yeah your way is safer in and out with profit then off to lunch or pub (in ideal world) instead of watching all day :-). Wish Id kept my AUD USD short running, would of cleaned up. GBPJPY on way to target. Whats the reason for the 5 AM on the charts and is that 3AM UK time (think you mentioned your broker account is 2 hours in front)?
Yea...it took its time. Eventually it got there.
The lines are there to tell you more about price with time. They are not resistance lines. Think of more line reference points of what the price did during that time and how long it held between the low and high price with those period. After thorough observation you will be tuned in with what the next move will be....
You should get a sense of this naturally. I can't think of any other words to describe. Once you see rejections at within those period, try to see what times price got rejected or held, based on that, what time new prices are formed after holding.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.SBM5.png Size: 65 KB
Time Is Money
  • #507
  • Mar 27, 2019 2:19pm Mar 27, 2019 2:19pm
Quoting abajiga
{quote} Yea...it took its time. Eventually it got there. The lines are there to tell you more about price with time. They are not resistance lines. Think of more line reference points of what the price did during that time and how long it held between the low and high price with those period. After thorough observation you will be tuned in with what the next move will be.... You should get a sense of this naturally. I can't think of any other words to describe. Once you see rejections at within those period, try to see what times price got rejected...

Do you always draw your vertical lines at 5AM, which is 3AM GMT time right?
  • #508
  • Mar 27, 2019 2:22pm Mar 27, 2019 2:22pm
Quoting oblong
{quote} Do you always draw your vertical lines at 5AM, which is 3AM GMT time right?
Yea...I do it manually. I look to see any movements. I put a solid horizontal along at the highest price at that point or lowest point based on previous day overall trend.
Time Is Money
  • #509
  • Mar 27, 2019 2:26pm Mar 27, 2019 2:26pm
Quoting abajiga
{quote} Yea...I do it manually. I look to see any movements. I put a solid horizontal along at the highest price at that point or lowest point based on previous day overall trend.

Cool, just trying to knock up quick script with vertical lines entered automatically
  • #510
  • Mar 27, 2019 2:34pm Mar 27, 2019 2:34pm
Try to be selective. Get ride of the reckless moves buying and selling randomly. If you trade one pair, plan it in advance. See it coming follow up. Make some conditions, try to see those conditions you setting up in your backdate testing worked and under same conditions, the current market is behaving according to the conditions you are already familiar. Be more sensitive to the price behaviour and get accustomed to it. It's more like looking at a picture and you know what it looks like in more detail. Once someone is about to draw it for you, then the picture in your mind should come into place. I hope it makes sense. That's how trader supposed to react. Not taking on anything that flies.... :-)
Time Is Money
  • #511
  • Mar 27, 2019 2:38pm Mar 27, 2019 2:38pm
Quoting abajiga
Try to be selective. Get ride of the reckless moves buying and selling randomly. If you trade one pair, plan it in advance. See it coming follow up. Make some conditions, try to see those conditions you setting up in your backdate testing worked and under same conditions, the current market is behaving according to the conditions you are already familiar. Be more sensitive to the price behaviour and get accustomed to it. It's more like looking at a picture and you know what it looks like in more detail. Once someone is about to draw it for you,...
bad habits I need to shake off. Mainly over trading or boredom is my problem despite this my entries not to bad and do cut my losers with stops. nearly doubled demo account in a month due to better entries, but need to still shake out the big gambler side.

Where did you have your stops for your GBPJPY entry this morning?
  • #512
  • Mar 27, 2019 2:42pm Mar 27, 2019 2:42pm
For me I would like to see myself as an overall day trader. I want to trade only for the day. Not long term. Not two or three days letting the trade run. I would like to be fully aware and be ready for what the day is about to throw at me.

Before I trigger transaction, I would like to be aware of the conditions. What sort of a day it is, more like a ranging day, break out day ...An if so, what is the price I can come in and where I'm happy to take a loss when it comes to the worst situation. To be a trader, you need to handle yourself at a REAL trader. How the professional think and react. In other words, while you seated in the beach trading, you should be thinking the same as the one in the bank!
Time Is Money
  • #513
  • Mar 27, 2019 2:49pm Mar 27, 2019 2:49pm
Quoting oblong
{quote} bad habits I need to shake off. Mainly over trading or boredom is my problem despite this my entries not to bad and do cut my losers with stops. nearly doubled demo account in a month due to better entries, but need to still shake out the big gambler side. Where did you have your stops for your GBPJPY entry this morning?
here at the arrow...

Below the lowest price of two days ago
Attached Image (click to enlarge)
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Time Is Money
  • #514
  • Mar 27, 2019 2:55pm Mar 27, 2019 2:55pm
Quoting abajiga
{quote} here at the arrow... Below the lowest price of two days ago {image}
That good, thats what i would do, set below previous low in case they go for stop loses.

Thats 64 pips lower than entry, isnt that quite a lot for risk reward ratio?
  • #515
  • Mar 27, 2019 2:57pm Mar 27, 2019 2:57pm
Look at this one. At London open it created new prices. It held there maintained and tried to continue further as the day went on.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD.SBM5.png Size: 48 KB
Time Is Money
  • #516
  • Mar 27, 2019 3:04pm Mar 27, 2019 3:04pm
Quoting abajiga
Look at this one. At London open it created new prices. It held there maintained and tried to continue further as the day went on. {image}
I'm happy to enter at the arrow if I was trading this...

You can see that this is a good call as the market continued further as the day went on.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD.SBM5.png Size: 32 KB
Time Is Money
  • #517
  • Mar 27, 2019 3:12pm Mar 27, 2019 3:12pm
Quoting abajiga
{quote} I'm happy to enter at the arrow if I was trading this... You can see that this is a good call as the market continued further as the day went on. {image}
yeah agree with that, i would of gone long, (no way a short), very rarely you get a Bart chart in Forex, only ever seen that in Crypto and a lot, true sign of manipulation....:-)
Attached Image (click to enlarge)
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  • #518
  • Mar 27, 2019 3:13pm Mar 27, 2019 3:13pm
Based on how the market came down and the reversal up from the lowest point in previous days, it looks like there is a strong case for a reversal trade
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD.SBM15.png Size: 49 KB
Time Is Money
  • #519
  • Mar 27, 2019 3:29pm Mar 27, 2019 3:29pm
So far we got this one looking good to sell for tomorrow...
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.SBM5.png Size: 43 KB
Time Is Money
  • #520
  • Mar 27, 2019 3:32pm Mar 27, 2019 3:32pm
Quoting abajiga
So far we got this one looking good to sell for tomorrow... {image}
acceptable move between now till London Open ...

At the Broken Line... is unacceptable move for the price to reach there and later sell it.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.SBM5.png Size: 44 KB
Time Is Money
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