Price Action - CTA + Trader Psychology

PRICE ACTION • TRADE IDEAS • TRADER PSYCHOLOGY

Welcome Traders,
This thread is built for serious traders who want to improve their understanding of:

1. Price Action
2. Market Structure
3. Trade Ideas (with reasoning)
4. Trader Psychology

My goal is simple: To keep growing as a trader, share my experience, and learn from others who take this craft seriously.

WHAT THIS THREAD IS ABOUT
We focus on identifying high-probability setups through clear understanding of:

1. Market Structure (HH, HL, LH, LL)
2. Support & Resistance
3. Chart Patterns
4. Candlestick Behavior/Patterns
5. Trend Development (including Rangebound structures).

At its core: From a classic chartist perspective, Price reflects market participants’ behavior and emotions. At the same time, I strongly believe in developing awareness of our own: Behavioral • Emotional • Cognitive (BEC) patterns because mastering the market also means mastering yourself.

HOW THE MARKET MOVES/TRADING APPROACH
The market operates within key phases: 1.Consolidation 2.Breakout 3.Trend 4.Reverse/Range (CBTR Framework) + Understanding: Candle Range & Volatility Conditions. These form the backbone of how I read the market.

I favor the Classic/Traditional Technical Analysis (CTA/TTA) & time-tested price action methodologies over modern frameworks like SMC, ICT, CRT and the rest because of its enduring consistency.

THREAD OBJECTIVE

1. Share clean, logical trade ideas
2. Improve pattern recognition skills
3. Develop discipline & psychological control
4. Learn from each other through structured discussions

THREAD RULES (IMPORTANT)
To maintain quality and focus:

1. Stay respectful and professional at all times
2. No trolling, insults, or unnecessary negativity
3. If you disagree → explain your reasoning
4. No “blind calls” (e.g. “Sell EURUSD 1.1500, TP 1.1480, SL 1.1525", "EURUSD to 1.0400” without analysis)
5. Charts must be clear and meaningful
6. Keep things simple (K.I.S.S principle)

TRADING STYLE

1. Focus: Day trading / Intraday / Scalping
2. Multi-timeframe analysis (Up to Weekly for broader context)

Personally, I rely heavily on: D1, H16/12 & H8 TFs to define short–medium term direction.

TOOLS (OPTIONAL, NOT REQUIRED)
You may use tools for confluence such as:

1. Pivot
2. ATR
3. Fibonacci
4. Moving Averages
5. Bollinger Bands

Oscillators/Others (optional):

1. RSI / MACD / Stochastic
2. ADX / Williams %R / PVT

But remember:
Price Action comes first — indicators are secondary.

REALITY CHECK

1. No system is perfect.
2. No strategy works 100% of the time.
3. Chart patterns are not foolproof but will stand the test of time.

There are: Successful patterns & Failed patterns. Your edge comes from: Adaptability + Risk Management + Psychological Control

TRADER PSYCHOLOGY
This thread also welcomes discussions on:

1. Discipline
2. Emotional control
3. Decision-making
4. Cognitive biases (especially cognitive dissonance) Because: Trading is not just charts — it’s mindset.

FINAL WORD
This is a space where traders:

1. Share
2. Learn
3. Improve

You are not competing with anyone here. You are competing with who you were yesterday.

LET’S GET STARTED...
Bring your charts.
Bring your ideas.
Bring your discipline.

BUT REMEMBER:

1. The best indicators are trader's knowledge & state of mind
2. Observe the Market — Observe Yourself
3. Let the Market Lead, Follow it's lead
4. Trade the Moment &
5. Keep It Simple

GBPUSD H2

https://www.forexfactory.com/thread/...4#post14000424

Link to some chart patterns with price objectives to help spot them when you see appear on charts. Google also have lots of them but you need to be careful so as not to get confused but with practice and overtime you are able to know which is which and how to trade them using candlestick patterns for entries and exit.

https://pin.it/4JppWuA

EURCAD H1

GBPUSD H1

Possible Bullish Pennant setup. waiting on break above/below pennant.

Breaks below, if becomes void.

GBPUSD

Playing the hanky-panky game.

H4 - 2 dojis formed and price yet to break and close below resistance/Pennant lower line to nullify bullish pennant setup.

UPDATE
Price retraced to level 1.2368 and back up... embracing 1.2450 - 1.2490 level yet once again. Price objective 1 still valid.

Placed a limit order on EURCAD 1 after identifying "W" pattern and went to do some other stuff yday. But came back to see trade went in my favor for 53pips +7%.

Expecting some retracement.

AUDUSD H4

Waiting to see what happens at this level... Breakout or reverse.

GBPUSD H4

Suspected "rising three" candlestick pattern.. waiting on close of bullish candle and close above resistance.

GBPUSD- H2

Price unable to break and close above resistance. In a range mode.

I live to trade another day.

Holding onto EURCAD Trade moved SL to BE. +2.0% currently. Late entry though.

AUDUSD H4

UPDATE

GBPUSD H4

Trade closed (41pips, +7.1%).

EURCAD H1 Ascending Triangle
Target range - 1.3730 - 1.3770


Trade closed
+36pips, 4.3%

EURUSD H4

Possible Target 1.0780 - 1.0820 (Price Target Objective)

GBPUSD H4 Update

likely to bounce off support. Watching closely.

EURCAD H1 UPDATE

Target still not hit. waiting and looking for yet another opportunity.

GBPUSD H1

Breakout or Rebound??