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Simple, Powerful and Effective Price Action Trading Strategies

  • #161
  • Jan 21, 2014 10:22pm Jan 21, 2014 10:22pm
I agree with you, AUD has been the biggest spoiler of game and trend changer today, but as usual market will soon get sync in its own tune very soon.

this is just temporary sluggish environment which will get back on track by tomorrow.

this kind of situation is inevitable in traders life, and one should always trade with money management to come out winner in such situations.

this kind of scenario is rare but does happens every 6 months or a in a year span of time.
Its just a beginning !!!
  • #162
  • Jan 22, 2014 12:19am Jan 22, 2014 12:19am
Quoting DnBPriceAct
How are your trades going Libra? The Australian dollar has certainly be the main driver of a lot of these movements. The AUDUSD at the moment still hesitating to maintain prices below the weekly support level. {image} AUDNZD has been on an absolute terror of a downtrend the last few months, it seems like nothing is able to stop the trend in it's path. If we have a look on the monthly chart we can see prices have not been this low since 2005! Although we did come close during the 2008 market crash. The monthly support......


Being well Dnb. GBPCHF trade got stoped with half profits. as for AUDUSD and AUDCHF. Have pending sell orders below the WEEKLY PA bars. AUDCHF had a running trade from last week. AUD news were favourable resulting to huge spike up. A troublesome trade.

From my 2013 lessons. Trend trading and stop orders will keep me safe. However on demo i at times counter trade untill i get good at it and have good results.

A trade am watching CADCHF.
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHF,Daily,22.01.2014.png Size: 23 KB
"Taking Responsibility is The Cornerstone of A Winning Attitude"
  • #163
  • Jan 22, 2014 11:12am Jan 22, 2014 11:12am
Quote
A trade am watching CADCHF.

Nice move Libra ! Its a pity that I missed your post !
  • #164
  • Jan 23, 2014 1:32am Jan 23, 2014 1:32am
Quoting Libra
Looking to short my long awaited AUDUSD coming week after retest of previous support. {image} AUDCHF still presenting more short signal. We have a Double key reversal bar to confirm a continuation of trend. However, I was triggered in on Friday. {image} {image}
Progress report on last weeks PA on AUDCHF and AUDUSD. AUDCHF sell stop triggered.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHF,Daily,23.01.2014.png Size: 19 KB
"Taking Responsibility is The Cornerstone of A Winning Attitude"
  • #165
  • Jan 23, 2014 1:42am Jan 23, 2014 1:42am
Quoting pipsit
{quote} Nice move Libra ! Its a pity that I missed your post !
Thanks Pipsit. CADCHF - TP 1 & 2 Hit and am out of that with quick pips. Am learning from DnB, the closest forum i found to my strategy.

Bytheway, DnB? Your new web page really looks nice. Kudos
"Taking Responsibility is The Cornerstone of A Winning Attitude"
  • #166
  • Jan 28, 2014 5:59am Jan 28, 2014 5:59am
Silver.. Anticipating a breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: SILVER,Daily, 28.01.2014.png Size: 24 KB
"Taking Responsibility is The Cornerstone of A Winning Attitude"
  • #167
  • Jan 28, 2014 6:11am Jan 28, 2014 6:11am
Quoting Libra
Silver.. Anticipating a breakout. {image}

its a tight call,market has to go below $18 ,before making any sell order
  • #168
  • Jan 30, 2014 12:47am Jan 30, 2014 12:47am
My possible trades. Stop Orders only. It is wise to cherry pick the most probably and best A++ set ups
Daily Chart.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHF,Daily,30.01.2014.png Size: 20 KB

Daily Chart.
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Click to Enlarge Name: GBPAUD,Daily,30.01.2014.png Size: 24 KB

Daily Chart.
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Weekly Chart.
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Click to Enlarge Name: AUDJPY,Weekly,30.01.2014.png Size: 28 KB

Weekly Chart.
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Click to Enlarge Name: USDCHF,Weekly,30.01.2014.png Size: 30 KB
"Taking Responsibility is The Cornerstone of A Winning Attitude"
  • #169
  • Feb 3, 2014 9:34pm Feb 3, 2014 9:34pm
Quoting Libra
My possible trades. Stop Orders only. It is wise to cherry pick the most probably and best A++ set ups Daily Chart. {image} Daily Chart. {image} Daily Chart. {image} Weekly Chart. {image} Weekly Chart. {image}

Beauty of stopr orders. Several possible set ups and only AUDJPY triggered. Though looking really nasty after today's news release. Other orders cancelled.
"Taking Responsibility is The Cornerstone of A Winning Attitude"
  • #170
  • Feb 6, 2014 11:21pm Feb 6, 2014 11:21pm
Wow Libra, you've been trading quite aggressively there. Just be careful not to over trade, I only try to have one trade open at a time. Multiple positions can be stressful to manage, especially if they're all open to being stopped out. Every time you open multiple positions across multiple pairs it usually doesn't end well.

Revisiting the situation on the AUDNZD I was previous raving about....

Attached Image (click to enlarge)
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The market did produce a bearish breakout trap when the market temporarily dived below the monthly level. The candle ended up being printed as a bullish rejection candle. On it's own it wasn't a great signal but coupled with the monthly support level, I couldn't resist. I am expecting a bearish retracement now after that large bearish pin bar formed, but anticipating that the mean value will hold as dynamic support near a swing level.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #171
  • Feb 7, 2014 1:19am Feb 7, 2014 1:19am
Quoting DnBPriceAct
Wow Libra, you've been trading quite aggressively there. Just be careful not to over trade, I only try to have one trade open at a time. Multiple positions can be stressful to manage, especially if they're all open to being stopped out. Every time you open multiple positions across multiple pairs it usually doesn't end well. Revisiting the situation on the AUDNZD I was previous raving about.... {image} The market did produce a bearish breakout trap when the market temporarily dived below the monthly level. The candle ended up being printed as a...
Sure DnB. Thanks i will avoid that as much as possible. If those would have triggered i'd be in trouble write now. Trying to stick to stop orders and trying to refine this PA.

Thanks
"Taking Responsibility is The Cornerstone of A Winning Attitude"
  • #172
  • Feb 10, 2014 6:33am Feb 10, 2014 6:33am
Hi, DnB.

Would you pick this Weekly Pin Bar? I have seen several AUDNZD analysis you make and i thought its a pair you have been following. Pink line is weekly resistance.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD,Weekly, 10.02.2014.png Size: 23 KB
"Taking Responsibility is The Cornerstone of A Winning Attitude"
  • #173
  • Feb 17, 2014 9:13pm Feb 17, 2014 9:13pm
I don't trade weekly signals directly, I always try back up weekly analysis with the daily chart. There was a sell signal there but the market is finding support at the mean value. After coming off a monthly bottom I am personally favoring the chance of seeing higher prices on the AUDNZD.

Today the GBPUSD has my attention...

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In this week’s War Room market commentary we talked about the situation on the GBPUSD at the end of last week’s Friday close of trading. The market closed right on a weekly resistance level at extended prices from it’s mean value. We did mention traders could watch for false breakouts of this level and strong bearish signals to consider counter trend positions.

Last session, the market did try to move past the weekly resistance level, but the higher prices were denied. The rejection of the resistance level continued well into the New York session where the day closed much lower than the open price.

The weekly resistance level has been the ‘roof’ of the market since 2009 and is a proven turning point for the GBPUSD. In terms of countertrend setups this one pretty much has all the boxes ticked for us in the War Room. We are expected much lower prices to develop off the back of this rejection candle signal.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #174
  • Mar 1, 2014 1:57am Mar 1, 2014 1:57am
A nice result from the EURUSD pin bar signal, especially after the disappointment from the AUDUSD produced this week...

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A good level now to consider taking profits as the market has gapped away from the mean and rammed into strong resistance. You could hold longer term but expect to sit through a retracement first.

Also looking at this strong bullish rejection candle on EURNZD...

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Click to Enlarge Name: eurnzd.png Size: 31 KB


A nice range setup here, this candle communicates very strong bullish control coming off this range support level here. Will be watching this one next week, a retracement entry would offer good risk reward ratios.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #175
  • Mar 3, 2014 1:07am Mar 3, 2014 1:07am
An update on EURNZD...

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Click to Enlarge Name: eurnzd.png Size: 28 KB


An asia breakout trap occurred during this Asia session which is a warning flag for us in the war room. We generally don't trade asia breakouts as they tend to end up like this. Now the Asia session move has been rejected we will likely see bearish continuation into London/NY and make even get a breakout trap & reverse trade trigger.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #176
  • Mar 4, 2014 8:47pm Mar 4, 2014 8:47pm
Quoting DnBPriceAct
An update on EURNZD... {image} An asia breakout trap occurred during this Asia session which is a warning flag for us in the war room. We generally don't trade asia breakouts as they tend to end up like this. Now the Asia session move has been rejected we will likely see bearish continuation into London/NY and make even get a breakout trap & reverse trade trigger.

Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd bearish follow through.png Size: 30 KB


The failed asia breakout pointed out on the EURNZD market has seen prices weaken as anticipated here.

The AUDUSD has now rejected a bullish breakout past the mean value in the Asia session and has now collapsed back in on itself. So there is a good chance we could see lower prices during this London/NY session...

Attached Image (click to enlarge)
Click to Enlarge Name: audusd asia session rejection.png Size: 28 KB


A break of the previous day low would be a nice breakout trap & reverse confirmation trigger for this one.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #177
  • Mar 9, 2014 7:26am Mar 9, 2014 7:26am
The AUD has produced some interesting price action at the end last week's trading from the NFP release...

Check out the AUDUSD...

Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 20 KB


The AUDUSD has rejected moves higher past this strong resistance level and close back lower. The AUD market is a bit sideways here as well but at least we've got a strong candlestick signal and a key level to build value into the trade. The AUD and NZD bears seems to have really shown their cards at the end of last week.

There is also a nice swing setup on the AUDNZD as well.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #178
  • Mar 10, 2014 4:23am Mar 10, 2014 4:23am
Quoting DnBPriceAct
There is also a nice swing setup on the AUDNZD as well.

Attached Image (click to enlarge)
Click to Enlarge Name: audnzd second chance.png Size: 33 KB


This setup took off very quickly at the market open this week. Hoping to see an intraday retracement for a second opportunity to get in at the retracement price, but a very nice, clear cut, uncomplicated price action setup.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #179
  • Mar 12, 2014 2:14am Mar 12, 2014 2:14am
Watching gold this session as an early breakout during the asia session through resistance is failing...

Attached Image (click to enlarge)
Click to Enlarge Name: gold breakout trap.png Size: 31 KB


If price manages to sell off past the previous day low, then a breakout trap & reverse trade will trigger here.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
  • #180
  • Mar 13, 2014 6:19am Mar 13, 2014 6:19am
Quoting DnBPriceAct
{quote} {image} This setup took off very quickly at the market open this week. Hoping to see an intraday retracement for a second opportunity to get in at the retracement price, but a very nice, clear cut, uncomplicated price action setup.
No retracement entry, but those who went with the breakout entry option would be stoked. This was such a clear, clear cut and obvious set up, such a shame no retracement prices were available here.

Attached Image (click to enlarge)
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Now the market is testing historical lows, a good place to consider liquidating short positions now. Watching for strong bullish price action signals to confirm bullish interest at this level. Watch out for bearish breakout traps, sells offs under this level probably won't hold. Just sitting and waiting for a good bullish price action signal to manifest itself now.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
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