Price Actions- EurUsd | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Events, Fibonacci Pivots, and Price Actions 2 replies

Candles Price Actions in Excel 4 replies

Where to learn Price Actions and How to Master them 6 replies

Given today's actions if.. 8 replies

Broker questionable actions? 7 replies

Attachments: Price Actions- EurUsd
Exit Attachments

Price Actions- EurUsd

  • #141
  • Feb 7, 2012 2:54am Feb 7, 2012 2:54am
Quoting abajiga
Always remember, for a BUY Signal, buy from lowest point possible price level and take your profit at the highest possible price level and for a SALE Signal, sale at the highest possible price level and take your profit at the lowest possible price level.

For now, the current trend is up so we are looking for the best low possible price level entry and let the market run in your favour up so as to take maximum possible profit (at the highest possible price level).

Note, for you to do this, you must identify price levels for your entry and exit...
As anticipated, the market did come down before moving up.

I missed the trade as I was not around to take the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 29 KB
Time Is Money
  • #142
  • Feb 7, 2012 5:36am Feb 7, 2012 5:36am
I can forecast a buy trade and this will mostly take place, that is the price will rocket up around US open. The brown region should be resistance level and price should remain above. Wait till price closes within the brown marked region and you are safe to buy. Remember, buy low and sell high. And all price levels is now identified. The blue region should be the region you should take your profit.

Trade well.
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 19 KB
Time Is Money
  • #143
  • Feb 7, 2012 5:51am Feb 7, 2012 5:51am
Quoting abajiga
I can forecast a buy trade and this will mostly take place, that is the price will rocket up around US open. The brown region should be resistance level and price should remain above. Wait till price closes within the brown marked region and you are safe to buy. Remember, buy low and sell high. And all price levels is now identified. The blue region should be the region you should take your profit.

Trade well.
There should be plenty of pips to pick from this trade and should be the major trade of the day. Almost +75 pips. But for now it is time to play the patience game and wait till US open. Once US opens and the prices remain within the brown box, I will excute a buy trade. Good to see prices are starting to stall, and till lunch time I expect prices to remain within or above the brown box area.
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 19 KB
Time Is Money
  • #144
  • Feb 7, 2012 6:07am Feb 7, 2012 6:07am
Quoting abajiga
There should be plenty of pips to pick from this trade and should be the major trade of the day. Almost +75 pips. But for now it is time to play the patience game and wait till US open. Once US opens and the prices remain within the brown box, I will excute a buy trade. Good to see prices are starting to stall, and till lunch time I expect prices to remain within or above the brown box area.
So far so good, prices are starting to close within the brown box, do not sell at any point here, be patient and only an hour to go till US open. Remeber at this point, only looking to go long and +75 pips is way above daily target.

So what about if prices go way below the brown box and prices are going even lower, I wouldn't take any trade, I will wait till I figure out what is happening. Then I will work out the puzzle what will US be doing based on the London close signal.
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 19 KB
Time Is Money
  • #145
  • Feb 7, 2012 6:22am Feb 7, 2012 6:22am
Quoting abajiga
So far so good, prices are starting to close within the brown box, do not sell at any point here, be patient and only an hour to go till US open. Remeber at this point, only looking to go long and +75 pips is way above daily target.

So what about if prices go way below the brown box and prices are going even lower, I wouldn't take any trade, I will wait till I figure out what is happening. Then I will work out the puzzle what will US be doing based on the London close signal.
Prices to watch:

Do NOT buy if prices close below 1.30879
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 20 KB
Time Is Money
  • #146
  • Feb 7, 2012 7:05am Feb 7, 2012 7:05am
Quoting abajiga
Prices to watch:

Do NOT buy if prices close below 1.30879

Ok, let the prices fall further down around the brown region with the new setting I have marked as in the figure but ensure prices do not close below 1.30695 and will be excuting a buy trade.
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 24 KB
Time Is Money
  • #147
  • Feb 7, 2012 7:06am Feb 7, 2012 7:06am
Quoting abajiga
Prices to watch:

Do NOT buy if prices close below 1.30879
Nice journal,

What would be your entry signal inside your buy area?
  • #148
  • Feb 7, 2012 7:13am Feb 7, 2012 7:13am
Quoting FOURX
Nice journal,

What would be your entry signal inside your buy area?
Here is all you need to take your profit. Again things have changed and taking profit should be according to the below ruling.

If prices closes;

below 1.30799 = take profit around 1.31402

below 1.30914= take profit around 1.31287

Above prices are based only for buy entry (long trades only)
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 23 KB
Time Is Money
  • #149
  • Feb 7, 2012 7:22am Feb 7, 2012 7:22am
Quoting abajiga
Here is all you need to take your profit. Again things have changed and taking profit should be according to the below ruling.

If prices closes;

below 1.30799 = take profit around 1.31402

below 1.30914= take profit around 1.31287

Above prices are based only for buy entry (long trades only)
Hey,thanks........is your 1.30914 figure wrong?
  • #150
  • Feb 7, 2012 7:26am Feb 7, 2012 7:26am
Quoting FOURX
Hey,thanks........is your 1.30914 figure wrong?
That is the updated one and it is the right one.
Time Is Money
  • #151
  • Feb 7, 2012 7:29am Feb 7, 2012 7:29am
Quoting abajiga
That is the updated one and it is the right one.
why only a 30 pip TP, where as the lower level has a 60 pip TP?
  • #152
  • Feb 7, 2012 7:31am Feb 7, 2012 7:31am
I am not yet trading this, but if you entered early, you may want to take whatever is in your hands
Time Is Money
  • #153
  • Feb 7, 2012 7:34am Feb 7, 2012 7:34am
Quoting FOURX
why only a 30 pip TP, where as the lower level has a 60 pip TP?
Just take whatever the market given out. This looks good if entered
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 26 KB
Time Is Money
  • #154
  • Feb 7, 2012 7:38am Feb 7, 2012 7:38am
Quoting FOURX
why only a 30 pip TP, where as the lower level has a 60 pip TP?
This is how I do understand it. And I always obey the rules what it might say, I agree to it and take my profit based on it.

This is why many people don't understand it and they think of what might sound right in "their own understanding"
Time Is Money
  • #155
  • Feb 8, 2012 5:04am Feb 8, 2012 5:04am
Short this and take profit at the blue region below.
Attached Image (click to enlarge)
Click to Enlarge Name: sell.gif Size: 28 KB
Time Is Money
  • #156
  • Feb 8, 2012 5:23am Feb 8, 2012 5:23am
Quoting abajiga
Short this and take profit at the blue region below.
I just short this as it retraced nicely to take us down. Plenty of pips to pick from this trade...around +30 pips to take.
Attached Image (click to enlarge)
Click to Enlarge Name: sell.gif Size: 24 KB
Time Is Money
  • #157
  • Feb 8, 2012 5:39am Feb 8, 2012 5:39am
Quoting abajiga
I just short this as it retraced nicely to take us down. Plenty of pips to pick from this trade...around +30 pips to take.
Probably the best pair to trade for the day...Still looking good.
Attached Image (click to enlarge)
Click to Enlarge Name: sell.gif Size: 24 KB
Time Is Money
  • #158
  • Feb 8, 2012 6:13am Feb 8, 2012 6:13am
Quoting abajiga
Probably the best pair to trade for the day...Still looking good.
This pair is probably waiting for US to open and take it down.
Attached Image (click to enlarge)
Click to Enlarge Name: sell.gif Size: 23 KB
Time Is Money
  • #159
  • Feb 8, 2012 6:16am Feb 8, 2012 6:16am
For those traders trading EurUsd, better not trade that pair today as market makers need to do something about it. And surely you don't want to be caught by them.
Time Is Money
  • #160
  • Feb 8, 2012 6:36am Feb 8, 2012 6:36am
Quoting abajiga
This pair is probably waiting for US to open and take it down.
Load this boat to go down...Everything it is doing is acceptable to short.
Attached Image (click to enlarge)
Click to Enlarge Name: sell.gif Size: 23 KB
Time Is Money
7 traders viewing now