PA Trading with EMAs and common Sense | Page 11 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Common sense" trading 5 replies

Need Help with FileMove from Common Folder to Common Folder 3 replies

The right way to trading success (by common sense thinking) 11 replies

1 Minute Scalping with PA and Common Sense 6 replies

Common Sense Trading 13 replies

Attachments: PA Trading with EMAs and common Sense
Exit Attachments

PA Trading with EMAs and common Sense

  • #201
  • Mar 8, 2023 4:11am Mar 8, 2023 4:11am
Quoting vvm
{quote} Hi bro, may be U are right, but I try to trade 1 Chart in this Fall H1 and I did see here: a strong Sup Area & HLs Strong Bu BO Bar then IB MAs Cross & of course my favorite 2 LeggedPub to MAs so we will see ..... A little waste won't ruin the day Good Day for U atb vvm
What do you mean by fall when you say
Quote
I try to trade 1 Chart in this Fall
?

Okay, I wasn't aware that you trade one timeframe in isolation. I would strongly recommend you just at least include structure on all higher TFs + entry TF in your journaling. Even if you don't use it now, I'm confident it will be valuable data for you in the future.

Hope you have a nice day too mate.
  • #202
  • Mar 8, 2023 4:17am Mar 8, 2023 4:17am
Quoting TheHusla
{quote} based on if I "like" the setup or not.
Quoting vvm
{quote} I like it atb vvm
i like it too! nothing beats intuition...

some very nice trades being shown off, well done!
every minute matters!
  • #203
  • Mar 8, 2023 7:04am Mar 8, 2023 7:04am
NZDCHF BOUGHT H1

Entry on retrace after candle close
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB
  • #204
  • Mar 8, 2023 7:50am Mar 8, 2023 7:50am
Quoting vvm
Hi thehusla, U and niks are 100% right Sometime my ChartReading is complete false atb vvm
Do you see what I mean, this was just a bad trade. SL.
I think I rushed this one too much. Should have thought it through properly.
We had a change of structure but PA wasn't the clearest for longs.

Quoting TheHusla
NZDCHF BOUGHT H1 Entry on retrace after candle close {image}
  • #205
  • Mar 8, 2023 12:34pm Mar 8, 2023 12:34pm
This 2 Weeks (06.03-17.03),
I have not enoughf PC-Time
therefore so many Mistakes in my Trading
Fortunately the Week stay in Plus!

atb vvm
PA Trading with EMAs & common Sense
  • #206
  • Mar 8, 2023 12:39pm Mar 8, 2023 12:39pm
Quoting TheHusla
GBPAUD SOLD H1 First trade I was able to close at B/E as didn't like Price Action. Once I saw the engulf back down I found an entry. Reason: Break of structure and very clean range down. {image}
Hope Ur SL survived

This is my View
s. Chart
atb vvm
Attached Image (click to enlarge)
Click to Enlarge Name: 38-3.jpg Size: 100 KB
PA Trading with EMAs & common Sense
  • #207
  • Mar 8, 2023 12:48pm Mar 8, 2023 12:48pm
Quoting TheHusla
{quote} For me structure is still down on H4.
U are right bro!!!!

s. Chart

atb vvm
Attached Image (click to enlarge)
Click to Enlarge Name: 38-4.jpg Size: 101 KB
PA Trading with EMAs & common Sense
  • #208
  • Mar 8, 2023 12:52pm Mar 8, 2023 12:52pm
Quoting TheHusla
{quote} I would strongly recommend you just at least include structure on all higher TFs + entry TF in your journaling. Even if you don't use it now, I'm confident it will be valuable data for you in the future. Hope you have a nice day too mate.
Thanks, I will try it

atb vvm
PA Trading with EMAs & common Sense
  • #209
  • Mar 8, 2023 1:06pm Mar 8, 2023 1:06pm
Quoting TheHusla
NZDCHF BOUGHT H1 Entry on retrace after candle close {image}
I wlould say "Wait for more PA in this Range, it can be a BearFlag or a second Leg UP?????"

s. Chart

atb vvm
Attached Image (click to enlarge)
Click to Enlarge Name: 38-5.jpg Size: 126 KB
PA Trading with EMAs & common Sense
  • #210
  • Mar 8, 2023 1:09pm Mar 8, 2023 1:09pm
Hi there,
the Day is over Good Night!!

atb vvm
PA Trading with EMAs & common Sense
  • #211
  • Mar 9, 2023 5:57am Mar 9, 2023 5:57am
EURGBP SOLLED H1

We can see break of structure and trend line down holding.

I wasn't very confident about how far down this trade could go therefore was tightening the stop very quickly. After that one spike to my entry I put it to almost B/E and then after that to B/E. This wasn't a trade where I just leave the SL alone but one I wasn't sure about but was sure it would go down a bit therefore reduced my risk as quickly as possible while giving it just enough room to breathe.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 22 KB
  • #212
  • Mar 9, 2023 6:02am Mar 9, 2023 6:02am
Quoting vvm
This 2 Weeks (06.03-17.03), I have not enoughf PC-Time therefore so many Mistakes in my Trading Fortunately the Week stay in Plus! atb vvm
The mistakes teach us lessons too. The trick is not to feel bad when we make them but to get VERY VERY VERY curious as to why we did and what steps we can take in the future to avoid them. This is IMO

Quoting vvm
{quote} Hope Ur SL survived This is my View s. Chart atb vvm {image}
This move was VERY messy for me. My SL might have been taken here but I exited at breakeven. With such a clean range I don't want to see two legged PB in this case. The problem is structure is up so it's risky and I want a clean move.

Quoting vvm
{quote} U are right bro!!!! s. Chart atb vvm {image}
I got lucky this time!

Quoting vvm
{quote} I wlould say "Wait for more PA in this Range, it can be a BearFlag or a second Leg UP?????" s. Chart atb vvm {image}
Yes! That line you drew and said don't buy here, that was EXACTLY my thinking. Was a mistake. I acted too quickly without thinking it through properly. Doesn't happen too often but happens on days/weeks where I don't see many trades.
  • #213
  • Mar 9, 2023 7:40am Mar 9, 2023 7:40am
EURAUD BOUGHT H4

Very simple strong trend and EMA rejection. I thought it was going straight for SL but it reversed. Let's see. This one I won't touch the SL.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 22 KB
  • #214
  • Mar 9, 2023 7:44am Mar 9, 2023 7:44am
Quoting TheHusla
EURGBP SOLLED H1 We can see break of structure and trend line down holding. I wasn't very confident about how far down this trade could go therefore was tightening the stop very quickly. After that one spike to my entry I put it to almost B/E and then after that to B/E. This wasn't a trade where I just leave the SL alone but one I wasn't sure about but was sure it would go down a bit therefore reduced my risk as quickly as possible while giving it just enough room to breathe. {image}
This one hit TP. Wasn't the most confident about it but reduced risk very fast so was worth it IMO.
  • #215
  • Edited 9:56am Mar 9, 2023 8:10am | Edited 9:56am
Hi there,
new Day new Luck!
Quote
thehusla:
EURAUD BOUGHT H4
Very simple strong trend and EMA rejection. I thought it was going straight for SL but it reversed. Let's see. This one I won't touch the SL.
I did it too
2 LeggedPub @ 18MA Buy Setup
s. Chart
atb vvm
Attached Image (click to enlarge)
Click to Enlarge Name: 39-1.jpg Size: 102 KB
PA Trading with EMAs & common Sense
  • #216
  • Mar 9, 2023 8:28am Mar 9, 2023 8:28am
USDCHF H1 solled

s. Chart

atb vvm
Attached Image (click to enlarge)
Click to Enlarge Name: 39-2.jpg Size: 154 KB
PA Trading with EMAs & common Sense
  • #217
  • Mar 9, 2023 8:33am Mar 9, 2023 8:33am
Quoting vvm
Hi there, new Day new Luck! {quote} I did it too 2 LeggedPub Buy Setp @ 18MA s. Chart atb vvm {image}
  • #218
  • Mar 9, 2023 8:35am Mar 9, 2023 8:35am
Quoting vvm
USDCHF H1 solled s. Chart atb vvm {image}
Nice one, I was looking at this in the morning. LN open but didn't see anything I liked.

I like your reason. Double bottom in strong down move is a draw on liquidity! Very nice!
  • #219
  • Mar 9, 2023 8:42am Mar 9, 2023 8:42am
Quoting TheHusla
{quote} I like your reason. Double bottom in strong down move is a draw on liquidity! Very nice!
Al Brooks
Reading Price Charts Bar by Bar
The Technical Analysis of Price Action for the Serious Trader

CHAPTER II Price Action

SIGNAL BARS: OTHER TYPES
Double Bottom Twin: consecutive bars in a strong bear with identical lows and preferably small or nonexistent bottom tails (a type of bear flag)

atb vvm
PA Trading with EMAs & common Sense
  • #220
  • Mar 9, 2023 9:54am Mar 9, 2023 9:54am
Quoting vvm
{quote} Al Brooks Reading Price Charts Bar by Bar The Technical Analysis of Price Action for the Serious Trader CHAPTER II Price Action SIGNAL BARS: OTHER TYPES Double Bottom Twin: consecutive bars in a strong bear with identical lows and preferably small or nonexistent bottom tails (a type of bear flag) atb vvm
I understand you use Al Brooks but there are many many many ways to trade. No way is better than the other. I have spoken to many traders who tell me Elliot Wave is the only way to read the markets yet I don't use it all. You just have to find what works for you. My previous comment was just my interpretation of your trade. A lot of traders with wildly different theories take the same trades for completely different reasons. The key, for me, is just to learn what you can from others while maintaining your style, your view of the markets. Use other's trades to widen your perspective but always maintain your personal view.

Thanks for the exert from his Book! I looked at his stuff and it's very very deep. It will take a long time to properly study theory so deep. I really try and stick to the absolute basics (S&D, SnR, Liquidity & Structure) and let the market teach me the rest through my failures.

I will try and encoporate small things from these quotes you post though, so thanks!
0 traders viewing now