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Leading the trend - price action

  • #21
  • Sep 27, 2013 9:29am Sep 27, 2013 9:29am
I have few questions about price action.

1] I heard that Price action strategy is best and profitable strategy than any other strategy. Is it true?

2] How much Average PIPS a good Price Action Trader can earn per month ? For ex. If he trades only EURUSD with 4hrs candle.

3] Is fundamental analysis necessary for Price Action ?

4] Where to set Take profit/Exit and Stop loss each time when enters trade with price action?

5] I don't trade on daily the given image was just for example. So if you say it may go up then my analysis of gold for bearish pullback wrong ? If yes then where did I make mistake ?

6] I am 1hr(not much) but 4hrs candle trader. And I do analysis of 4hrs and daily chart before trade.

7] When previous market rally gone up then how to use fibbonacci ? Up to down or down to up ? vise versa if rally goes down how to use fibbo ? up to down or down to up ?

8] What is your experience of result about price action ?
-milkeyway
  • #22
  • Sep 27, 2013 9:56am Sep 27, 2013 9:56am
Quoting kumaramy
I have few questions about price action. 1] I heard that Price action strategy is best and profitable strategy than any other strategy. Is it true? 2] How much Average PIPS a good Price Action Trader can earn per month ? For ex. If he trades only EURUSD with 4hrs candle. 3] Is fundamental analysis necessary for Price Action ? 4] Where to set Take profit/Exit and Stop loss each time when enters trade with price action? 5] I don't trade on daily the given image was just for example. So if you say it may go up then my analysis of gold for bearish pullback...
The interesting question
1/ hat tool, it is not meaningful Expected xu redirect. actions by analyzing prices and how prices move. In short it is the best strategy at present.
2/ it depends on the market.
3/not, price action analysis: HH / HL / LH / LL, S / R, supply and demand, trend channels, trend lines, candlesticks, harmonic pattern ....
4/ things I used to say in answer number 3. It is a combination, Reversing the confluence area (fib, s / r ....)
5/ you see on the weekly chart, the S / R color green. and red horizontal lines and adjusted prices rose strongly.
6/you in the right direction, I agree.
7/ use fib recement XA leg or AB, BC ... fib expansian feet ABA or CBC. (CBC used in model ABCD)
8/ patience, action price = enhance learning.
Attached Image (click to enlarge)
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Trading in the zone
  • #23
  • Sep 27, 2013 2:51pm Sep 27, 2013 2:51pm
Good Thread, Thank you !

Here is some Price Action live trading examples. Could be useful for those who learning. Watch 49 videos:

http://forexscalping101.blogspot.com...d-channel.html
  • #24
  • Edited 4:40am Sep 28, 2013 3:46am | Edited 4:40am
Quoting kumaramy
Hello. I am new at Price Action strategy. This is gold daily chart. Please tell me the highlighted bear candle pullback analysis is correct or not ? {image}
on h4 chart, I found an opportunity to sell, be careful with the red line and advanced models of Mr.Pip list for anyone need it.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD 240.PNG Size: 68 KB
Attached File(s)
File Type: docx DCASTFX Advance Pattern Reference Guide Revised.docx   605 KB | 332 downloads
Trading in the zone
  • #25
  • Sep 28, 2013 4:44am Sep 28, 2013 4:44am
Quoting hao
{quote} on h4 chart, I found an opportunity to sell, be careful with the red line and advanced models of Mr.Pip list for anyone need it. {file}
Thanks for the Guide. I wish to learn more about abcd pattern i.e. Decision of Where to enter, where to exit where to stop.
And I also have question that I have watched many videos of price action. But, this thread is showing information about ABCD pattern more than price action ? Is it a type of Price action trading ? Because the videos were totally different than this thread. There was no any information about ABCD pattern.

Also tell me that are 1,2,3,4 and abcd strategies same ?
-milkeyway
  • #26
  • Edited 6:09am Sep 28, 2013 5:47am | Edited 6:09am
Quoting kumaramy
{quote} Thanks for the Guide. I wish to learn more about abcd pattern i.e. Decision of Where to enter, where to exit where to stop. And I also have question that I have watched many videos of price action. But, this thread is showing information about ABCD pattern more than price action ? Is it a type of Price action trading ? Because the videos were totally different than this thread. There was no any information about ABCD pattern. Also tell me that are 1,2,3,4 and abcd strategies same ?

price action include: S / R, supply and demand, HH / HL / LH / LL, trend channels, trend lines, candlesticks, Harmonic models and price action psychology.
used psychological measure trend strength. First you need to determine AB leg. On your leg AB and determine level of structural adjustment HH / LL (structural HH / LL affect reversal region, it can support or canceled.) Legs AB has many adjustable or HH / LL => weakening trend. In contrast, AB pins adjusts weak or no adjustment. => Strong trend. it is very simple.

Why I choose the ABCD model, help me find ABCD pattern reversal region and it expresses prices rising or falling action in a simple way.

1234 and different model ABCD, ABCD model fib recement predetermined rate.

Inserted Video
Attached Image (click to enlarge)
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Trading in the zone
  • #27
  • Sep 28, 2013 9:05am Sep 28, 2013 9:05am
This is my dowjones30 analysis if i am not wrong.
Attached Image (click to enlarge)
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-milkeyway
  • #28
  • Sep 28, 2013 9:25am Sep 28, 2013 9:25am
Quoting kumaramy
This is my dowjones30 analysis if i am not wrong. {image}
you do not draw the wrong, the problem is that it has enough elements to reverse or continue to go down.
you can view and send the form in threads: Ratios & Harmonics: a Different Way to Trade ,very good topic of price action.
Here you will learn more about Harmonic model, and there are many people with its trade.
http://www.forexfactory.com/showthread.php?t=402253
Trading in the zone
  • #29
  • Sep 28, 2013 12:16pm Sep 28, 2013 12:16pm
How to analyze supply and demand? And where?
-milkeyway
  • #30
  • Sep 28, 2013 4:06pm Sep 28, 2013 4:06pm
Quoting kumaramy
How to analyze supply and demand? And where?
Supply and demand Swing Trading Journal by Alfonso Moreno
http://www.forexfactory.com/showthread.php?t=428204
Trading in the zone
  • #31
  • Sep 28, 2013 7:00pm Sep 28, 2013 7:00pm
Hao, you are supplying very valuable information. If traders understand the importance of tracking the hh, hl type patterns along with harmonic market structure they will have an edge in the market.

Look forward to more of your posts.

Thank you!

M2T
  • #32
  • Sep 28, 2013 9:48pm Sep 28, 2013 9:48pm
AUDUSD, my analysis. on the daily chart, I define S / R, on H4 I define S / R adjustments. You pay attention to the structure HH / HL / LH / LL, it's very important.
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Trading in the zone
  • #33
  • Sep 28, 2013 10:03pm Sep 28, 2013 10:03pm
I first saw USD JPY Many factors increase. You can see the bear BC leg weakness.
when cows raised in controlling the quantity, in elliptical, the price refused 3 times S / R, the signs are not good for cows to move up.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 02.PNG Size: 88 KB
Trading in the zone
  • #34
  • Sep 29, 2013 5:16am Sep 29, 2013 5:16am
Quoting hao
AUDUSD, my analysis. on the daily chart, I define S / R, on H4 I define S / R adjustments. You pay attention to the structure HH / HL / LH / LL, it's very important. {image} {image} {image} {image} {image}
structural effects of HH / HL / LH / LL For potential reversal area (PRZ)
http://www.forexfactory.com/showthre...24#post6454324
http://www.forexfactory.com/showthre...91#post6487491
http://www.forexfactory.com/showthre...03#post6610103

Quoting hao
distinguish structural HH / HL / LH / LL and adjust structure HH / HL / LH / LL is the lowest level of 38.6% retracement adjustment: less than 38.6% and may be able in the long run. {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $CHFJPY (5 Min) 2_18_2013.jpg Size: 93 KB
Click to Enlarge Name: $EURUSD (30 Min) 3_3_2013.jpg Size: 135 KB
Click to Enlarge Name: $USDJPY (233 Tick) 4_15_2013.jpg Size: 158 KB
Trading in the zone
  • #35
  • Sep 29, 2013 6:18am Sep 29, 2013 6:18am
wicks candle above or below will determine which direction the price . this is just an example, in the real world have refused to sign without wicks candle.
Attached Image (click to enlarge)
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Trading in the zone
  • #36
  • Sep 29, 2013 11:17am Sep 29, 2013 11:17am
Quoting hao
{quote} Supply and demand Swing Trading Journal by Alfonso Moreno http://www.forexfactory.com/showthread.php?t=428204
Thank you.
-milkeyway
  • #37
  • Edited Sep 30, 2013 5:29am Sep 29, 2013 10:26pm | Edited Sep 30, 2013 5:29am
Quoting hao
wicks candle above or below will determine which direction the price . this is just an example, in the real world have refused to sign without wicks candle. {image}
S/R AND HH/HL/LH/LL
Attached Image (click to enlarge)
Click to Enlarge Name: dấu hiệu từ chối..PNG Size: 22 KB
Trading in the zone
  • #38
  • Sep 30, 2013 12:53am Sep 30, 2013 12:53am
Just bought AUD/USD @0.9305
SL : @0.9272
Hope I am right.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 30 KB
-milkeyway
  • #39
  • Sep 30, 2013 5:56am Sep 30, 2013 5:56am
Quoting kumaramy
Just bought AUD/USD @0.9305 SL : @0.9272 Hope I am right. {image}
Trade what you see, not what you think. Prove that why you trade. practice will give you more experience.
Trading in the zone
  • #40
  • Sep 30, 2013 6:09am Sep 30, 2013 6:09am
Quoting hao
{quote} Trade what you see, not what you think. Prove that why you trade. practice will give you more experience.
In above image there are break outs in circle and price stars rising..This is "what I see".
-milkeyway
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