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Price Action - CTA + Trader Psychology

  • #301
  • Jun 14, 2023 2:46pm Jun 14, 2023 2:46pm
Quoting pipibrasci
GBPCHF D1 & H4 respectively Bullish Rectangle BO (I guess still has some unfinished business to do). {image} {image}
UPDATE on GBPCHF H4

Price Objective (PO) 1 met. (PO)2 in view.

Before and After
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #302
  • Jun 14, 2023 3:04pm Jun 14, 2023 3:04pm
Waiting on GBPAUD and AUDCHF to call off the week.

3/5

UPDATES on GBPAUD H4 & AUDCHF H4 respectively.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #303
  • Jun 14, 2023 3:39pm Jun 14, 2023 3:39pm
Quoting pipibrasci
AUDCHF D1 & H4 respectively "W" pattern (double bottom) in a Falling Wedge Pattern. D1 Breakout of Bullish Rectangle. H4 {image} {image}
AUDCHF H4 Update

Flag (falling wedge trend continuation) pattern strongly validates target for Double bottom (D1) and a new possible PO 2 for Flag pattern.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #304
  • Jun 16, 2023 6:37am Jun 16, 2023 6:37am
One of the reasons why most often than not indicators are crap.

RSI use to be one of the best indicators out there.

Damn take a look at the GBP Index

Price bouncing off the overbought zone.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #305
  • Jun 21, 2023 1:43am Jun 21, 2023 1:43am
Quoting pipibrasci
Hello folks Im here to get better at what I do (trading) and share my knowledge & experience while learning from more experienced traders. Its all about PRICE ACTION & TRADE IDEAS on this thread. We as traders should be able to identify/spot valid (1) Clear market structure i.e (i) BOS/"valid" Trends, S&R zones (ii) Chart patterns +++ (2) Candlestick patterns that will result in high probability setups and high success rate with low-medium risk. As for me I try to become proficient in identifying various chart (successful/failed) pattern scenarios...
The images attached to the note is really helpful..
Okechukwu Jacob.C.
  • #306
  • Jun 21, 2023 1:46am Jun 21, 2023 1:46am
Quoting pipibrasci
One of the reasons why most often than not indicators are crap. RSI use to be one of the best indicators out there. Damn take a look at the GBP Index Price bouncing off the overbought zone. {image}
That's why price action is simply the best..
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Okechukwu Jacob.C.
  • #307
  • Jul 3, 2023 4:27am Jul 3, 2023 4:27am
I have been reading about scalping for quite awhile but I do not really get the theory how do people usually scalp? Do they just buy a lot at once or in intervals and sell all at one shot?

Trade Safely
Cheers
  • #308
  • Edited 2:33am Jul 5, 2023 1:53am | Edited 2:33am
Quoting Kimchii11
I have been reading about scalping for quite awhile but I do not really get the theory how do people usually scalp? Do they just buy a lot at once or in intervals and sell all at one shot? Trade Safely Cheers
I may not know how to use the right words, but Scalping in FX has to do with trading with lower time frames and picking it in little proportion whether profits or loss..
Okechukwu Jacob.C.
  • #309
  • Jul 6, 2023 5:47am Jul 6, 2023 5:47am
Quoting jacobokey12
{quote} I may not know how to use the right words, but Scalping in FX has to do with trading with lower time frames and picking it in little proportion whether profits or loss..
Then how do u guys usually choose which pairs to scalp or get updated news? Like what news usually will catch traders attention? been trying to understand the high impacts etc but i dun really get it? There is so many questions!
  • #310
  • Aug 14, 2023 9:23am Aug 14, 2023 9:23am
Quoting Kimchii11
{quote} Then how do u guys usually choose which pairs to scalp or get updated news? Like what news usually will catch traders attention? been trying to understand the high impacts etc but i dun really get it? There is so many questions!
Hey Kimchii
Take this course. It will have all your questions answered while your fingers get burnt for some years.

https://www.babypips.com/learn
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #311
  • Edited 11:36am Aug 14, 2023 10:44am | Edited 11:36am
Attached File(s)
File Type: pdf 25_Rules_Of_Forex_Trading_Discipline.pdf   122 KB | 331 downloads

THE 25 COMMANDMENTS OF FOREX TRADING.
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #312
  • Aug 27, 2023 6:27am Aug 27, 2023 6:27am
GBPUSD H4

BOS/BKout of consolidation (Bearish Rectangle).

I guess GBPUSD will continue . Look forward to next support/PO of bearish rectangle.

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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #313
  • Aug 27, 2023 6:45am Aug 27, 2023 6:45am
GBPAUD H4

Channel UP

Correction it is, I suppose.

Safe.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #314
  • Aug 27, 2023 7:52am Aug 27, 2023 7:52am
EURUSD D1

Channel/Slightly Ranging

Steep decline to the trendline & Support 1. Can it break and proceed to Support 2 before catching a breath as the month comes to an end?
Roughly -60p from TL & 120p from S2. GBPi & EURi are strongly correlated against the USD at the moment.

Safe
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #315
  • Aug 27, 2023 7:58am Aug 27, 2023 7:58am
checking usdcad old chart daily tf : extreme cases it can still up 1.3708 or even 1.3861 but waiting play breakout at 1.3509 signal , earliest scalping signals can be 1.3568 and 78. all breaks and hold play for lower targets ! take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #316
  • Edited 8:38am Aug 27, 2023 8:26am | Edited 8:38am
Fontu. DXY seems very strong at the moment. I already have this and watching what happens at the top. It rallied to resistance last friday as it coincided with TL & Pivot (R2) touched it and retreated.

USDCAD H4 & D1 respectively
I see a bearish pattern/correction emanating from that high in the short term maybe before finishing what it started by clinching to the upper channel line. Till then. Id like to get in on the counter trend if it clearly presents itself.

WHO KNOWS, ITS MOST LIKELY TO SHOOT PAST THAT RESISTANCE!. TREND IS YOU FRIEND. But that leg looks extended.

UNCERTAINITY!
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #317
  • Aug 27, 2023 10:07am Aug 27, 2023 10:07am
Quoting pipibrasci
Fontu. DXY seems very strong at the moment. I already have this and watching what happens at the top. It rallied to resistance last friday as it coincided with TL & Pivot (R2) touched it and retreated. USDCAD H4 & D1 respectively I see a bearish pattern/correction emanating from that high in the short term maybe before finishing what it started by clinching to the upper channel line. Till then. Id like to get in on the counter trend if it clearly presents itself. WHO KNOWS, ITS MOST LIKELY TO SHOOT PAST THAT RESISTANCE!....
pa can subject change a lot , bear to or bull to bear relatively . same usdx also , strong after great failure and still in bear set iup , trying do bull if possible . let they play and we will try to accomodate our trades within always! take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #318
  • Aug 29, 2023 2:21pm Aug 29, 2023 2:21pm
What is/are your favorite Price Action trading style(s)?

A. Trend following
B. Reversal trading
C. Range trading
D. Breakout Trading
E. Pull Back Trading
F. Fake out Trading
G. Break and Retest Trading
H. Counter Trend Trading
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #319
  • Aug 29, 2023 2:32pm Aug 29, 2023 2:32pm
Quoting pipibrasci
Fontu. DXY seems very strong at the moment. I already have this and watching what happens at the top. It rallied to resistance last friday as it coincided with TL & Pivot (R2) touched it and retreated. USDCAD H4 & D1 respectively I see a bearish pattern/correction emanating from that high in the short term maybe before finishing what it started by clinching to the upper channel line. Till then. Id like to get in on the counter trend if it clearly presents itself. WHO KNOWS, ITS MOST LIKELY TO SHOOT PAST THAT RESISTANCE!....
USDCAD H4 Update

Same shit repeated (Pivot + Resistance) and this time a strong bearish engulfing candle (+3Bar Play). Added a trendline to the chart which it just broke.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #320
  • Aug 29, 2023 2:35pm Aug 29, 2023 2:35pm
Quoting pipibrasci
GBPAUD H4 Channel UP Correction it is, I suppose. Safe. {image}
GBPAUD H4 Update

On track. Lets see if it finally hits target.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
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