Pure Price Action Trading

hey dude ... i trade the same way you do ... using s/r only ... well, at least it the *almost* the same way.

Seems like we are trading the same stuff, same method. You do more analysis though ... i'm away from my pc at times ....

about your loonie analysis... did you take the last bit on H1 timeframe ? or the whole channel ?

whole channel looks like: (it broke out of 2 channels actually, 1 small and 1 large)

here's my analysis ...what you think ? :-)



Yours is quite good though. I'm subscribed to your (i must say, quality) updates. :-)

yeh my chart is off the 1 hour....I will look at that market the same way you did...drawing the inner trendlines....

and those late for the party will sell lower, but should expect some pullback before the avalanche.

Watch how price bounces off when the 2nd target is reached...that zone is acting as R...expect price to retrace before we see another push up. If sellers keep froming zones of minor R that hold, we might see a very big reversal towards red TL

All trades closed...now flat...back in wait mode

Want to see more price action...watching Gold at the moment, it is setting up nicely for a short if everything I look for lines up

trading perfomance for this week updated

http://joetradingplace.wordpress.com...ng-perfomance/

Have a good weekend everyone...back again next week to rinse and repeat.

Interviews with successful Home traders:

http://joetradingplace.wordpress.com...hus-interview/

http://joetradingplace.wordpress.com/2012/06/12/nzdjpy/

Watching a few pairs that are in an hourly wedge...audcad, cable, usdjpy...
Gold and silver has already broken out of the wedge...waiting for a pullback

I had a bullish sentiment on the pair last week, but it didn’t push higher as I expected. Now guys/gals let’s get interactive here…if we were prepared to go long…WHY didnt we take the long position?. I want this to get interesting, so I want people to write reasons why we couldnt go long….and could we have gone short instead and WHERE..reasons. You can post a chart with explanations.

FOREX SIGNALS

Happy New year to everyone!!!!
Mirror our trades by following our trading signals….details will be on the website that we are working on. If you are interested contact us through the contact form on our blog http://joetradingplace.wordpress.com/. Hope 2013 will be a good year to your trading.