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Price Actions- EurUsd

  • #61
  • Jan 19, 2011 5:13am Jan 19, 2011 5:13am
Quoting abajiga
This could be a good set up for a buy?... currently watching price actions and waiting for a confirmation.

Cheers!
Still not taking this down...price actions show no apatite for a buy.

Patience...
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  • #62
  • Jan 19, 2011 5:32am Jan 19, 2011 5:32am
Quoting abajiga
Still not taking this down...price actions show no apatite for a buy.

Patience...
Better volatility...still no confirmation

Basically I am watching for price actions on how the price will test the "green marked line". Depending on how constantly the market rejects and eats up the sale bars and forcing its way upwards, I will then be happy to get in and go with the wave....but if i see things flying up and I can't see noticeable reading, I will not buy either.
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  • #63
  • Jan 19, 2011 6:07am Jan 19, 2011 6:07am
Quoting abajiga
Better volatility...still no confirmation

Basically I am watching for price actions on how the price will test the "green marked line". Depending on how constantly the market rejects and eats up the sale bars and forcing its way upwards, I will then be happy to get in and go with the wave....but if i see things flying up and I can't see noticeable reading, I will not buy either.
It is highly likely the market is waiting for US market to open. In the mean time the market remains in the range. Signal is very strong for a buy and still remains UP as from the charts. Unless the market does a dramatic change before US open to change the signal to a sale.
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  • #64
  • Jan 19, 2011 6:40am Jan 19, 2011 6:40am
Testing "green line" but I am holding up and waiting for a US to open....Not good time to enter a trade while it is close another market about to open.

It is through discipline...not only did I manage to triple and about to
quadruple my live account but also maintain it.

Cheers!
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  • #65
  • Jan 19, 2011 7:52am Jan 19, 2011 7:52am
Managed to pull out 25+ pips net...after US open.

Will now wait for London to close.

Cheers
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  • #66
  • Jan 20, 2011 5:03am Jan 20, 2011 5:03am
Yesterday euro closed the market with a weak bullish bar. Depending on how the market will close at the end of the day, that will have an impact on whether the market will make further progress up or there will be a trace back of prices.
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  • #67
  • Jan 20, 2011 5:13am Jan 20, 2011 5:13am
Possibilities for it to test last high 1.35377....

So far the market has cemented a solid bullish bar after London open and will be looking how price actions will behave against this 1H bar as marked on the chart.

Main interest will be looking for rejection of prices and a confirmation of further progress up. Based on this will be looking to buy.

Cheers!
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  • #68
  • Jan 20, 2011 5:31am Jan 20, 2011 5:31am
Quoting abajiga
Possibilities for it to test last high 1.35377....

So far the market has cemented a solid bullish bar after London open and will be looking how price actions will behave against this 1H bar as marked on the chart.

Main interest will be looking for rejection of prices and a confirmation of further progress up. Based on this will be looking to buy.

Cheers!
Also switching to lower time-frame reveals price actions occurring behind the scenes which might not be vivid on a larger time-frames. Always good idea to check out price actions behaviour in nearby smaller time-frames against the 1H.
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  • #69
  • Jan 20, 2011 5:35am Jan 20, 2011 5:35am
Quoting abajiga
Also switching to lower time-frame reveals price actions occurring behind the scenes which might not be vivid on a larger time-frames. Always good idea to check out price actions behaviour in nearby smaller time-frames against the 1H.
If we get a solid bullish bar closing above the "orange line" ...then look to buy. Wait for the bar to close first.

Cheers!
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  • #70
  • Jan 20, 2011 6:05am Jan 20, 2011 6:05am
If prices are stalling...

Patience!
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  • #71
  • Jan 20, 2011 7:33am Jan 20, 2011 7:33am
Quoting abajiga
If prices are stalling...

Patience!
A solid bar closed but due to US opening and you can see what the market did just before US about to open. It set a sale signal ready...That is why it is good not to enter a trade 20-15min before a market opens.
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  • #72
  • Jan 21, 2011 6:42am Jan 21, 2011 6:42am
Signal for buy comes up just before US open. Look to buy...only when the set-up right.

Cheers!
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  • #73
  • Jan 26, 2011 6:50am Jan 26, 2011 6:50am
Quoting abajiga
Interesting price action to look for is whether the day will close above 1.33827

This price will be very much interesting to buyers and is highly likely the market will make further up!

Prediction price further up around 1.38924
We are still in an up trend and looking to reach at least 1.38924.

Look to buy...
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  • #74
  • Apr 7, 2011 11:33pm Apr 7, 2011 11:33pm
Hello everyone,

I have a potential buy for eurusd, as my line on interest for buy has been triggered. So what's next? well, this makes me to stay watchful for the next moves the market makes. Note, I am not buying yet, only watching!!

I am waiting for the market to create the right set-up to enter....I will post here once the set-up is shaping up and will highlight before we see the market takes off! So stay tuned ;-)

Cheers
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  • #75
  • Apr 8, 2011 3:09pm Apr 8, 2011 3:09pm
Quoting abajiga
Hello everyone,

I have a potential buy for eurusd, as my line on interest for buy has been triggered. So what's next? well, this makes me to stay watchful for the next moves the market makes. Note, I am not buying yet, only watching!!

I am waiting for the market to create the right set-up to enter....I will post here once the set-up is shaping up and will highlight before we see the market takes off! So stay tuned ;-)

Cheers

Hello again,

The market eventually gave the right set-up around London open, too bad that I couldn't be awake around that time as I am away from London.

Anyhow, based on the set-up, TP was 1.44429 and SL@ 1.43691 and entry@ 1.43969 as highlighted on the chart.

No trades till next week.

Cheers!
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  • #76
  • Edited 2:59am Apr 11, 2011 2:45am | Edited 2:59am
London opened and no buy set-up is even closer yet. It is more likely for this to hit the south than north. So am out for a coffee... http://www.forexfactory.com/images/icons/icon6.gif

ps
It takes more than skills and experience to be a successful trader.
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  • #77
  • Apr 11, 2011 8:30am Apr 11, 2011 8:30am
Quoting abajiga
London opened and no buy set-up is even closer yet. It is more likely for this to hit the south than north. So am out for a coffee... http://www.forexfactory.com/images/icons/icon6.gif

ps
It takes more than skills and experience to be a successful trader.
Alright guys,

It is now after US open, the market is looking good as there has been a break towards south ( as I couln't see the market going North from the beginning).

Now I can expect a "potential buy" to turn up after heading south first. Till I see the turn set-up shaping up, I will be watching closely. And when a "buy signal" turns up, expect around 45pips to occur in a very short period of time. That is what you want to trade.... as they say, trade with the trend!

happy trading!
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  • #78
  • Apr 11, 2011 9:16am Apr 11, 2011 9:16am
Quoting abajiga
Alright guys,

It is now after US open, the market is looking good as there has been a break towards south ( as I couln't see the market going North from the beginning).

Now I can expect a "potential buy" to turn up after heading south first. Till I see the turn set-up shaping up, I will be watching closely. And when a "buy signal" turns up, expect around 45pips to occur in a very short period of time. That is what you want to trade.... as they say, trade with the trend!

happy trading!
One thing worth mentioning regarding the two horizontal lines on my chart! Basically for the market to give a "potential buy" signal, I expected the market to break the lower line first and then head north. Only after it breaks the top horizontal line I will be interested with the market to start looking for a buy set-up. NB: I will not enter straight after the above line is broken, I will wait for the set-up to start occurring AFTER the above line is broken. I hope that is clear!

So what about if the market didn't head south first and instead opted to continue North? Well, that means I would have shut down my pc as it would have taken another day for the "potential buy" to turn up.

Based on the market price actions, I do make markings for some prices to be reached i.e minor trend lines to broken and then a major ones forming.

After years on looking the charts only with no indicators I came to understand the concept of how the market works...and that is just the basics and sometimes things could be complicated which makes it impossible for newbies to understand whats happening. So it is almost impossible, which till now I think it is impossible to come up with a perfect system. If you are successful trader, then it is you that understand the market better and not the system you are using. I use system/indicators to make things easier on the eye but not to make trading decision.
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  • #79
  • Edited 6:42pm Apr 11, 2011 6:18pm | Edited 6:42pm
As it is the market is still on the sale region and a more sale than a buy trade is more likely to occur @Tokyo open. A break out will occur if the bottom line is broken @ 1.44243. If you are interested selling, wait for bars to close below 1.44243

Trade well!
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  • #80
  • Apr 11, 2011 8:15pm Apr 11, 2011 8:15pm
Quoting abajiga
As it is the market is still on the sale region and a more sale than a buy trade is more likely to occur @Tokyo open. A break out will occur if the bottom line is broken @ 1.44243. If you are interested selling, wait for bars to close below 1.44243

Trade well!
The market eventually broke the price 1.44243 and closed below it. This was coming all day and I hope you guys are enjoying the clean pips.
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