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Price Action - CTA + Trader Psychology

  • #61
  • May 29, 2022 3:36pm May 29, 2022 3:36pm
USDCAD H4
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #62
  • May 29, 2022 9:10pm May 29, 2022 9:10pm
monthly sets the tone, so i know how much it can move
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do not follow me 99.9999999% of times, rest you can lol
  • #63
  • May 30, 2022 2:15am May 30, 2022 2:15am
Quoting pipibrasci
USDCAD H4 {image}
USDCAD H1

Late entry though. But lets see how it plays out.

My new buy_sell_close EA.. did this myself.. learning fast.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #64
  • May 30, 2022 2:17am May 30, 2022 2:17am
Quoting PatienceFx
monthly sets the tone, so i know how much it can move {image} {image}
oh i see, like say how many pips move?? i'd like to know.
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #65
  • May 30, 2022 3:28am May 30, 2022 3:28am
Quoting pipibrasci
{quote} USDCAD H1 Late entry though. But lets see how it plays out. My new buy_sell_close EA.. did this myself.. learning fast. {image}

EA Stopped trade @. BE +3pips, 0.3%.

Would wait for another good entry.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #66
  • May 30, 2022 3:28am May 30, 2022 3:28am
Quoting pipibrasci
{quote} oh i see, like say how many pips move?? i'd like to know.
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do not follow me 99.9999999% of times, rest you can lol
  • #67
  • May 30, 2022 4:39am May 30, 2022 4:39am
Quoting PatienceFx
{quote} {image}
and it can even do more

USDCAD H4 Update
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #68
  • May 30, 2022 7:50am May 30, 2022 7:50am
Quoting pipibrasci
{quote} and it can even do more USDCAD H4 Update {image} {image}
USDCAD H4 UPDATE
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #69
  • May 30, 2022 8:32am May 30, 2022 8:32am
Pipibrasci, thanks for starting this thread on pure price action. Looking forward to learning and contributing.
  • #70
  • May 30, 2022 8:39am May 30, 2022 8:39am
Quoting Psalmy
Pipibrasci, thanks for starting this thread on pure price action. Looking forward to learning and contributing.
You are welcome Psalmy. Pls do.

Its best to start with Price Action if you are just starting to trade.
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #71
  • May 30, 2022 8:41am May 30, 2022 8:41am
Quoting pipibrasci
{quote} USDCAD H4 UPDATE {image}
Trade closed +26pips, 2.5%
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #72
  • Edited 10:26am May 30, 2022 9:04am | Edited 10:26am
GBPJPY H4

Descending Broadening wedge

Watching that resistance area closely to see what happens there.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #73
  • Edited 11:09am May 30, 2022 10:58am | Edited 11:09am
Quoting pipibrasci
{quote} AUDUSD H4 {image} {image}
AUDUSD H4 UPDATE
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #74
  • May 30, 2022 11:29am May 30, 2022 11:29am
EURCAD H2
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #75
  • Edited May 31, 2022 1:35am May 30, 2022 11:28pm | Edited May 31, 2022 1:35am
Quoting pipibrasci
GBPJPY H4 Descending Broadening wedge Watching that resistance area closely to see what happens there. {image}
GBPJPY H4 UPDATE

Price failed to break above resistance. Touched and revisits next support.

waiting on breakout and direction on either S/R.

Well, missed out on the Sell oppourtunity.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #76
  • Edited May 31, 2022 1:23am May 30, 2022 11:53pm | Edited May 31, 2022 1:23am
Quoting pipibrasci
EURCAD H2 {image}
EURCAD H4

Absolutely no surprises though. either way the market comes we follow its lead and with caution. Failed to move in the direction of projected target for a "falling wedge pattern" but instead chose to go the other direction. Breakout of upper trendline and resistance would have confirmed FW target will play out. Always good to wait for confirmations and expect a worst case scenario.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #77
  • Edited 1:17am May 31, 2022 1:02am | Edited 1:17am
GBPUSD H4/ H1

At the top of the rising wedge formation, broke out of wedge (lower line), rejecting fib 50 ret level . bouncing off support coincidentally also Pivot support2 as well.

We should be expecting some momentum as Price is consolidating and in a range.

Questions would be, will it play a repeat of the previous "W"/double bottom below disrespecting the rising wedge and continue upwards or will it eventually breakout of support and fulfill RW objectives?
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #78
  • May 31, 2022 2:42am May 31, 2022 2:42am
Quoting pipibrasci
{quote} EURCAD H4 Absolutely no surprises though. either way the market comes we follow its lead and with caution. Failed to move in the direction of projected target for a "falling wedge pattern" but instead chose to go the other direction. Breakout of upper trendline and resistance would have confirmed FW target will play out. Always good to wait for confirmations and expect a worst case scenario. {image}

EURCAD H2 Update

Strong bullish/Marubuzo Green candle (close) would confirm longs.. would be looking for setups on the LTFs.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #79
  • May 31, 2022 4:02am May 31, 2022 4:02am
Quoting pipibrasci
{quote} EURCAD H2 Update Strong bullish/Marubuzo Green candle (close) would confirm longs.. would be looking for setups on the LTFs. {image}
EURCAD H2 Update


Price visits second support (Failed FW Price Objective/Target). Did not take the short trade cos my bias was long and i was waiting on a confirmation (Bull candle close).
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #80
  • May 31, 2022 9:11pm May 31, 2022 9:11pm
Hi everyone! So glad to join your forum! This is my first time sharing anything so please bare with me. Looking at USDJPY today. On the 4H we can see price breaking through a down trend line at 127.651. This breakout was confirmed by the retest on the same trend line signalling an upwards movement, which it did. This shows the start or a strong up trend. Resistance was found at 128.643, came down and shot right trough the resistance zone. Price then retested the resistance zone(Now support). In the hour timeframe I found a good retest and entered long with my stop loss right below the support. Price should go up to 129.734 but hoping it breaks through that looking at the dollar index which is very bullish. Could aim for 130.993.
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