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Trading with Price Action - Daily Trading Analysis

  • #21
  • Jun 16, 2020 8:29pm Jun 16, 2020 8:29pm
Quoting DrDave
Hello damask. At your request, I see AUDJPY likely to drop. However, as seen below, the D1 is in an uncertain position so H1/H4 must be monitored closely. See more details here. {image}
Well I think According to the daily and H4 charts sellers taking control. that's a long term market
  • #22
  • Jun 16, 2020 9:47pm Jun 16, 2020 9:47pm
Quoting damsak
{quote} Well I think According to the daily and H4 charts sellers taking control. that's a long term market
We are in agreement that down is the bias. I mentioned in the link that D1 was overdue to drop. However, this is Forex where anything can happen, and with D1 already making an unusually large number of bars (76) bars in an up trend, there looms the possibility that the up move will extend before a downtrend takes over. However, we see already today that H1 continued down with an extremely weak attempt to rally, resulting in H4 continuing down.

Look for a bias, but trade confirmations.
To free Gazans of Hamas, use whatever it takes.
  • #23
  • Jun 17, 2020 11:29pm Jun 17, 2020 11:29pm
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  • #24
  • Jun 17, 2020 11:37pm Jun 17, 2020 11:37pm
Quoting damsak
{quote} Well I think According to the daily and H4 charts sellers taking control. that's a long term market
As I expected AUDJPY market gone down
  • #25
  • Jun 17, 2020 11:51pm Jun 17, 2020 11:51pm
Quoting damsak
{quote} As I expected AUDJPY market gone down
I think your jumping into a pool without seeing if there is any water in it
  • #26
  • Jun 18, 2020 12:01am Jun 18, 2020 12:01am
Quoting peterhenders
{quote} I think your jumping into a pool without seeing if there is any water in it

When we are analyzing the chart, first we need to read the market what is going on. So based on my method I read the chart and that is why I mentioned that yesterday AUDJPY could be gone down and it was gone down by this morning. When we taking a trade even though we know the direction of the market, we need entry confirmation to take a trade. So when we reading the market we can learn how to find the entry confirmation. So if anyone took a sell on AUDJPY yesterday they must be profitable by now.
If you read my Thread Explanation article in the first page, You will understand how I came to know the exactly how much deep the pool and how I manage that deep in the pool
  • #27
  • Jun 18, 2020 12:45am Jun 18, 2020 12:45am
For me price action means classical chart patterns. I first analyse the weekly and daily charts and then I go to 4 and 1 hours.
So, I am generaly bearish on EURUSD. Of course, the price cand do whatever want to do. I believe that the bigger time frame are more relieble that the smaller ones.
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  • #28
  • Jun 18, 2020 12:49am Jun 18, 2020 12:49am
Quoting pipshaman
For me price action means classical chart patterns. I first analyse the weekly and daily charts and then I go to 4 and 1 hours. So, I am generaly bearish on EURUSD. Of course, the price cand do whatever want to do. I believe that the bigger time frame are more relieble that the smaller ones. {image} {image}
chart pattern mean just a thing. In my trading method price action mean more than just a pattern. pattern mean just a thing. read a chart means another one. To read a market, we can use any time frame
  • #29
  • Jun 18, 2020 12:51am Jun 18, 2020 12:51am
Quoting damsak
{quote} chart pattern mean just a thing. In my trading method price action mean more than just a pattern. pattern mean just a thing. read a chart means another one. To read a market, we can use any time frame
Yes, this is why I've said FOR ME. Of course, for other people means something else.
  • #30
  • Jul 23, 2020 9:43pm Jul 23, 2020 9:43pm
Dead thread?
  • #31
  • Jul 23, 2020 9:46pm Jul 23, 2020 9:46pm
Quoting Karlorenz14
Dead thread?
Nooo. I'm backk
  • #32
  • Jul 23, 2020 9:49pm Jul 23, 2020 9:49pm
Today EURCHF We can see that market looks buyers going to take the control of the market. Before that, there will be a pullback to downside. But, remember we are not taking the sell trade. We are preparing for the buy trend. So that we can aware and get ready for the trade.

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  • #33
  • Jul 23, 2020 9:56pm Jul 23, 2020 9:56pm
Quoting damsak
{quote} Nooo. I'm backk
Welcome back, Damsak! I really want to learn this naked trading and analysis of yours. Please keep posting.
  • #34
  • Jul 24, 2020 7:30am Jul 24, 2020 7:30am
Quoting damsak
{image}
Look whatever happens in the market it came to the bottom of the line and now it's continue
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  • #35
  • Jul 26, 2020 7:58pm Jul 26, 2020 7:58pm
Quoting damsak
Today EURCHF We can see that market looks buyers going to take the control of the market. Before that, there will be a pullback to downside. But, remember we are not taking the sell trade. We are preparing for the buy trend. So that we can aware and get ready for the trade. {image}

Last week analysis market as predicted!

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  • #36
  • Jul 26, 2020 9:04pm Jul 26, 2020 9:04pm
EURNZD market could be down after couple of pullbacks here.

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  • #37
  • Jul 27, 2020 1:29am Jul 27, 2020 1:29am
Hi Damsak, I also prefer to trade without any indicators, personally I find them confusing, I haven't found one that for me that gives clear, consistant signals but I guess a lot of people use them successfully. However I do trade using Renko, which although a default chart format on some platforms requires an indi/EA on MT4, so I guess I am cheating a bit! Cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #38
  • Jul 27, 2020 7:16am Jul 27, 2020 7:16am
My next analysis
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  • #39
  • Jul 27, 2020 7:16am Jul 27, 2020 7:16am
Quoting Davidh061
Hi Damsak, I also prefer to trade without any indicators, personally I find them confusing, I haven't found one that for me that gives clear, consistant signals but I guess a lot of people use them successfully. However I do trade using Renko, which although a default chart format on some platforms requires an indi/EA on MT4, so I guess I am cheating a bit! Cheers, Dave
good keep going
  • #40
  • Jul 28, 2020 1:26am Jul 28, 2020 1:26am
CADJPY my new View
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