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Price Actions- EurUsd

  • #1,041
  • Apr 9, 2019 10:00am Apr 9, 2019 10:00am
Quoting abajiga
{quote} See how the resistance worked out ...Put this picture in your memory, this kind of trade happened last Friday with AudJpy I believe {image}
Was it AUDUSD, so because it couldnt break above out of the top of the green box, it was hint for sell?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.JPG Size: 225 KB
  • #1,042
  • Apr 9, 2019 10:03am Apr 9, 2019 10:03am
Quoting oblong
{quote} Was it AUDUSD, so because it couldnt break above out of the top of the green box, it was hint for sell? {image}
This is AUDJPY but it broke above the box
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY.JPG Size: 226 KB
  • #1,043
  • Apr 9, 2019 2:35pm Apr 9, 2019 2:35pm
Tomorrows Line Up

LONGS
===========
EURGBP - LONG
EURJPY - LONG
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURJPY.JPG Size: 227 KB
  • #1,044
  • Apr 9, 2019 2:36pm Apr 9, 2019 2:36pm
LONGS
=============
CHFJPY - SELL
GBPJPY - SELL
USDCAD - SELL
USDJPY - SELL
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPJPY.JPG Size: 239 KB
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Click to Enlarge Name: USDJPY.JPG Size: 215 KB
  • #1,045
  • Edited 4:07pm Apr 9, 2019 2:41pm | Edited 4:07pm
Im interested to see what happens with GBPNZD. Its compressing and expect a big move.
Will stay out of this tomorrow until it breaks, then try and get entry on backtest.
What ever path it takes I reckon there will be a fake out first.
If we are going down then I would of thought it would need to take out previous days highs to clear out shorts.
If we are going up then I would of thought they would dump below support(lower yellow line) to clear out longs.
I favour a sell...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD.JPG Size: 221 KB
  • #1,046
  • Apr 10, 2019 1:16am Apr 10, 2019 1:16am
I see you doing your thing...good stuff
Been busy the whole of yesterday with a friend’s wedding stuff till late last night. Hardly had the time to check my laptop. I will go through those charts shortly.
Time Is Money
  • #1,047
  • Apr 10, 2019 1:20am Apr 10, 2019 1:20am
Quoting abajiga
I see you doing your thing...good stuff Been busy the whole of yesterday with a friend’s wedding stuff till late last night. Hardly had the time to check my laptop. I will go through those charts shortly.
moaning mate, yeah still at. Was up last night studying price action / supply and demand. Found couple of good forums and pdf docs which were useful. Nothing on timing of trades yet though.
Did you get out of the EURCAD trade last night? it has come of its high since yestersday
  • #1,048
  • Apr 10, 2019 1:28am Apr 10, 2019 1:28am
Quoting oblong
{quote} moaning mate, yeah still at. Was up last night studying price action / supply and demand. Found couple of good forums and pdf docs which were useful. Nothing on timing of trades yet though. Did you get out of the EURCAD trade last night? it has come of its high since yestersday
Nah still on it, added a couple from the top, it’s now it’s time to gradually drop till noon. So far it has done what I expected to see. Let’s see the rest of the remaining. So far so good.
Time Is Money
  • #1,049
  • Apr 10, 2019 1:30am Apr 10, 2019 1:30am
GBPNZD on a pump
EDIT = ah nothing to see, GBP data just released
  • #1,050
  • Apr 10, 2019 2:58am Apr 10, 2019 2:58am
Quoting oblong
{quote} Was it AUDUSD, so because it couldnt break above out of the top of the green box, it was hint for sell? {image}
Any day the market creates the highest price in a big trend, especially around Asian open and then gradually drops, and other sessions it comes closer to the highest price but never breaks above it i.e to create new higher high price, then at NY open, you can sell on that day and take your profit around the lowest of previous day.
Time Is Money
  • #1,051
  • Edited 3:32am Apr 10, 2019 3:14am | Edited 3:32am
ah cool good to know. Both AUDJPY and AUDUSD fit this scenario at moment. Could be good one later
EDIT - Actually forget that, AUDUSD has broken the highs.

What about AUDJPY is this what you mean?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY.JPG Size: 211 KB
  • #1,052
  • Apr 10, 2019 3:47am Apr 10, 2019 3:47am
Quoting oblong
ah cool good to know. Both AUDJPY and AUDUSD fit this scenario at moment. Could be good one later EDIT - Actually forget that, AUDUSD has broken the highs. What about AUDJPY is this what you mean? {image}
You see, once it breaks the highest, then you may wanna consider buying it at a reasonable entry
Time Is Money
  • #1,053
  • Apr 10, 2019 3:54am Apr 10, 2019 3:54am
Quoting abajiga
{quote} You see, once it breaks the highest, then you may wanna consider buying it at a reasonable entry
Okay so AUDJPY would be potentential SELL as not broken highest
And AUDUSD would be potential BUY as its broken the highest today.,....
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.JPG Size: 229 KB
  • #1,054
  • Apr 10, 2019 4:10am Apr 10, 2019 4:10am
Quoting oblong
{quote} Okay so AUDJPY would be potentential SELL as not broken highest And AUDUSD would be potential BUY as its broken the highest today.,.... {image}
This is not good example...this is not in a long stretching trend. This is more of a range trade going is cycle looking previous day's prices.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY.SBM5.png Size: 52 KB
Time Is Money
  • #1,055
  • Apr 10, 2019 4:14am Apr 10, 2019 4:14am
Quoting oblong
{quote} Okay so AUDJPY would be potentential SELL as not broken highest And AUDUSD would be potential BUY as its broken the highest today.,.... {image}
For AudUsd.....first of all, the highest price need to be around Asain market. At London open, it should not exceed Asian highest.
At NY open it should be in between the two sessions and should never equal or exceed Asian highest. After and hour of NY open, then sell it.
The drawing I made on the graph should be similar to it.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.SBM5.png Size: 48 KB
Time Is Money
  • #1,056
  • Apr 10, 2019 4:22am Apr 10, 2019 4:22am
Quoting abajiga
{quote} For AudUsd.....first of all, the highest price need to be around Asain market. At London open, it should not exceed Asian highest. At NY open it should be in between the two sessions and should never equal or exceed Asian highest. After and hour of NY open, then sell it. The drawing I made on the graph should be similar to it. {image}
Here is a perfect example. Study everything of the gold day....
See how the days kept stretching in making higher highs in a long stretch up trend.
Check the golden day how the market created highest price at Asian market. Note my Asian market starts two hours earlier as my time is ahead
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.SBM15.png Size: 56 KB
Time Is Money
  • #1,057
  • Apr 10, 2019 4:39am Apr 10, 2019 4:39am
Quoting abajiga
{quote} Here is a perfect example. Study everything of the gold day.... See how the days kept stretching in making higher highs in a long stretch up trend. Check the golden day how the market created highest price at Asian market. Note my Asian market starts two hours earlier as my time is ahead {image}
Ah okay see what you mean, how did you pick up on this type of trade, just watching and monitoring?
  • #1,058
  • Apr 10, 2019 4:47am Apr 10, 2019 4:47am
Quoting oblong
{quote} Ah okay see what you mean, how did you pick up on this type of trade, just watching and monitoring?
yea...by looking without indicators.
Indicators are the worst things to have on the chart. They simply mislead you. Instead you will always be behind the market lagging. You will always lose consistently.
After I got ride of indicators, I started looking what prices were doing and check for prices breaking above others in different times i.e sessions.
Then I saw a pattern. I could then start reading the market as it went on and on and on....
This way I started understanding what was happening and started marking profit slowly.
Time Is Money
  • #1,059
  • Apr 10, 2019 4:53am Apr 10, 2019 4:53am
Quoting abajiga
{quote} yea...by looking without indicators. Indicators are the worst things to have on the chart. They simply mislead you. Instead you will always be behind the market lagging. You will always lose consistently. After I got ride of indicators, I started looking what prices were doing and check for prices breaking above others in different times i.e sessions. Then I saw a pattern. I could then start reading the market as it went on and on and on.... This way I started understanding what was happening and started marking profit slowly.
Simply start looking at plain chart with sessions i.e Asian, Europe, London, NY. Start cycles in different days during the week. Look for cycles over a month or so.
Time Is Money
  • #1,060
  • Apr 10, 2019 4:55am Apr 10, 2019 4:55am
Quoting abajiga
{quote} yea...by looking without indicators. Indicators are the worst things to have on the chart. They simply mislead you. Instead you will always be behind the market lagging. You will always lose consistently. After I got ride of indicators, I started looking what prices were doing and check for prices breaking above others in different times i.e sessions. Then I saw a pattern. I could then start reading the market as it went on and on and on.... This way I started understanding what was happening and started marking profit slowly.
Yeah, cool sounds like I ve still got long time yet to get head around the timing.
I agree on indicators, Ive stopped using them for a while now. I might use FIBS after I marked up the chart just out of interest to see how close they are to my markings.
But all others dont bother with. Wish I had dropped indicators ages ago and focuses on price action supply / demand areas and the timings of entries and markets (still struggling with this to find a connection)
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