How do you read PA? | Forex Factory

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How do you read PA?

  • #1
  • First Post: Apr 12, 2014 12:19am Apr 12, 2014 12:19am

http://image.ohozaa.com/i/fdb/kFwSpZ.png



According to the chart I've post above, I see many candle that joke a retail trader. How do you avoid or survive these candle? or Are there a smart money underlying in the forex market that ready to take our profit anytime? so how can we profiting from forex market? From my point of view, I think forex is a zero sum market. what do you think guys?
I want to be rich.
  • #2
  • Apr 12, 2014 2:25am Apr 12, 2014 2:25am
If you dont know order cluster points, you cant see easily on chart,include stop, limit orders.. Take the big picture, ride the trend, IMHO this chart is created V formation on next big timeframe. Big guys? All retail trader will exit from fx market one day that, black boxs will not give us any chance.. Retailers are uninformed, big governments or other super powers will restrict all retailers on fx market..
  • #3
  • Apr 12, 2014 4:41am Apr 12, 2014 4:41am
Quoting eurusdthb
How do you avoid or survive these candle?
Take a look at news calendar.

Quoting eurusdthb
or Are there a smart money underlying in the forex market that ready to take our profit anytime?
It could be either ''Yes'' or ''No'' depending what you mean by smart money.

Quoting eurusdthb
so how can we profiting from forex market?
Buy low, sell high.

Quoting eurusdthb
From my point of view, I think forex is a zero sum market.
No, it is not.
  • #4
  • Apr 12, 2014 4:47am Apr 12, 2014 4:47am
Quoting ARTjoMS
{quote} Take a look at news calendar. {quote} It could be either ''Yes'' or ''No'' depending what you mean by smart money. {quote} Buy low, sell high. {quote} No, it is not.
Well, smart money in this place it means a large bank such as commerzbank deutsche bank and hedge fund or anyone who has money more than $1 billion.
I want to be rich.
  • #5
  • Edited Apr 14, 2014 12:12am Apr 13, 2014 10:27pm | Edited Apr 14, 2014 12:12am
There is nothing to be seen in that chart, it all comes down to best guess. There is not enough information on that chart, Even Resistance zones are becoming less reliable these days. The easiest thing to do is look out for areas where price is being supported, if you see that 3 candles are always higher or lower in a row then you can take a trade and use good money management and make some money that way. Trading forex is not like stocks, you can see a setup on EURUSD that looks like it is going to go up and then some bank somewhere decides to go long USDJPY increasing the value of the USD and send EURUSD flying down and hitting your stop loss. Price action can be done, but on higher time frames and with a lot of patience and money, it's not a recommended method for an under funded account.
Being a trader is lonely, but being a great trader is lonelier still
  • #6
  • Apr 14, 2014 12:05am Apr 14, 2014 12:05am
More misinformation here as usual....
SPC * Swollen PocketZ Crew!
  • #7
  • Edited 12:38am Apr 14, 2014 12:08am | Edited 12:38am
Really?

Let's see... There's not enough information on the chart? Supply and demand less reliable? And your credentials are what? Not like stocks? It's all the same crap with different personalities...

2 clear shorts and a long based off supply and demand... well actually a sellers zone and then a long from a buyers zone. Please sharpen your skills and don't post misinformation...

Attached Image (click to enlarge)
Click to Enlarge Name: kFwSpZ.gif Size: 34 KB


Quoting saneblane
There is nothing to be seen in that chart, it all comes down to best guess. There is not enough information on that chart, Even supply and demand zones are becoming less reliable these days. The easiest thing to do is look out for areas where price is being supported, if you see that 3 candles are always higher or lower in a row then you can take a trade and use good money management and make some money that way. Trading forex is not like stocks, you can see a setup on EURUSD that looks like it is going to go up and then some bank somewhere decides...
SPC * Swollen PocketZ Crew!
  • #8
  • Apr 14, 2014 12:13am Apr 14, 2014 12:13am
Take it easy man I meant resistance and support. I trade supply and resistance daily and know there worth, but simply put that is a bare chart, where is volume?
You cannot trade supply and resistance properly without seeing the amount actiivity.

And the most important thing of them all is reliability. I can pull out charts where those lines are broken all the time, and it comes down to being able to read the chart properly, even on the example above resistance and support were broken quite a few times. The rule "support becomes resistance and resistant becomes support" was broken quite a few times also. So don't put up charts without properly understanding what is on them.

Credentials? what are you talking about, this is a public forum anyone can ignore my post if they want to.
Being a trader is lonely, but being a great trader is lonelier still
  • #9
  • Edited 7:25am Apr 14, 2014 12:16am | Edited 7:25am
You are over thinking it. It's just trading. It's just orders being placed and filled. It's a marketplace. Learn how to trade and don't worry about stop hunting, smart money, dumb money and all that other crap. The market does not care about YOU, your particular order or your stop. Just learn to trade and don't think of it as a place that's looking to take your money away from you. If you continue to do so, it will continue to do so. The Market gives everyone what they want. Screen Time = experience. Just keep watching live charts. It will click one day. In time you will eat up those long pins like a lion my friend....

Quoting eurusdthb
{image} According to the chart I've post above, I see many candle that joke a retail trader. How do you avoid or survive these candle? or Are there a smart money underlying in the forex market that ready to take our profit anytime? so how can we profiting from forex market? From my point of view, I think forex is a zero sum market. what do you think guys?
SPC * Swollen PocketZ Crew!
  • #10
  • Apr 14, 2014 12:19am Apr 14, 2014 12:19am
Price action alone will tell you very little. Couple PA with Volumes, and you have the only two leading indicators that exist . Again, it is the "art" of the interpretation of the charts that counts. Sadly, this art comes with experience, so some say!

Happy Trading!
  • #11
  • Apr 14, 2014 12:20am Apr 14, 2014 12:20am
It is clear you are very new to this. You are mixing up words. Keep studying without posting for awhile. In time you will have all your answers.You can find good stuff on the forum. Filter out the bad and absorb the good. I'm not hating, just trying to help you. You have a long way to go but if you stick it out, it will be worth it.


Quoting saneblane
Take it easy man I meant resistance and support. I trade supply and resistance daily and know there worth, but simply put that is a bare chart, where is volume? You cannot trade supply and resistance properly without seeing the amount actiivity.
SPC * Swollen PocketZ Crew!
  • #12
  • Apr 14, 2014 12:23am Apr 14, 2014 12:23am
Really? Wow.... Now this is interesting... So interesting I'm speechless...


Quoting Naokia980
All retail trader will exit from fx market one day that, black boxs will not give us any chance.. Retailers are uninformed, big governments or other super powers will restrict all retailers on fx market..
SPC * Swollen PocketZ Crew!
  • #13
  • Apr 14, 2014 12:26am Apr 14, 2014 12:26am
Experience and knowing the instrument being traded well combined with probability takes care of all of this... Not hating, just trying to help all of you... really...

Quoting saneblane
I can pull out charts where those lines are broken all the time, and it comes down to being able to read the chart properly, even on the example above resistance and support were broken quite a few times.
SPC * Swollen PocketZ Crew!
  • #14
  • Apr 14, 2014 12:26am Apr 14, 2014 12:26am
"You are over thinking it. It's just trading. It's just orders being placed and filled. It's a marketplace. Learn how to trade and don't worry about stop hunting"

And That sir is why you are what you are, and I am what I am. You think I'm new because of what? you tell me I have a long way to go to imply what? that you are there? Well enlighten us all with your wonders.
Being a trader is lonely, but being a great trader is lonelier still
  • #15
  • Apr 14, 2014 12:30am Apr 14, 2014 12:30am
"Experience and knowing the instrument being traded well combined with probability takes care of all of this... Not hating, just trying to help all of you... really"

Don't go back in your shell now, you are hating but that's fine. You seem to be content with your skills but I am never content. What probability are you talking about? be specific because I don't know nothing, and you seem to be talking to me from a position of knowing it all. So enlighten me with your wisdom from on high.
Being a trader is lonely, but being a great trader is lonelier still
  • #16
  • Apr 14, 2014 12:32am Apr 14, 2014 12:32am
Just trying to help but you are getting offended. It's called tough love. Trust me, I can tell what level you are at in trading from your concerns. Just trying to open your mind.

Quoting saneblane
"You are over thinking it. It's just trading. It's just orders being placed and filled. It's a marketplace. Learn how to trade and don't worry about stop hunting" And That sir is why you are what you are, and I am what I am. You think I'm new because of what? you tell me I have a long way to go to imply what? that you are there? Well enlighten us all with your wonders.
SPC * Swollen PocketZ Crew!
  • #17
  • Apr 14, 2014 12:34am Apr 14, 2014 12:34am
Money management and probabilities. Run a search. It's way too much to repeat over and over again... It's on this forum and others as well as in tons of trading books.

Quoting saneblane
"Experience and knowing the instrument being traded well combined with probability takes care of all of this... Not hating, just trying to help all of you... really" Don't go back in your shell now, you are hating but that's fine. You seem to be content with your skills but I am never content. What probability are you talking about? be specific because I don't know nothing, and you seem to be talking to me from a position of knowing it all. So enlighten me with your wisdom from on high.
SPC * Swollen PocketZ Crew!
  • #18
  • Apr 14, 2014 12:42am Apr 14, 2014 12:42am
Listen JoeNY, your opinion don't mean a thing to me, at the end of the day you are just another trader so am I. That nonsense you post was so crazy I don't even know how to take you.

"You are over thinking it. It's just trading. It's just orders being placed and filled"

Lol that line says it all, and that my friend is the end of your progress. Listen JoeNY there is no prerequisite for trading. I get this impression around FF that you have to blow a few accounts, and jump from strategy to the next and wait years, with breaking even to be considered a good trader. Well I never did non of that, research for 3 years before I even did a trade, live for almost 2 years now and I haven't blown an account. I get good returns and I can give advice if I feel like it, you can ignore it if you want but you're too smart for that.
Being a trader is lonely, but being a great trader is lonelier still
  • #19
  • Apr 14, 2014 12:49am Apr 14, 2014 12:49am
Not a problem..... Glad to hear you are getting good returns. Also glad to hear you didn't have to pay a dime for the education. Quite shocked. I will admit that I did.... but it was worth it. Anyway, I'm going back into hibernation. Just realized why I don't post here anymore. I got sucked back in... I'll probably get sucked back in again in another couple of months as I love trading and chatting about it.

Quoting saneblane
Listen JoeNY, your opinion don't mean a thing to me, at the end of the day you are just another trader so am I. That nonsense you post was so crazy I don't even know how to take you. "You are over thinking it. It's just trading. It's just orders being placed and filled" Lol that line says it all, and that my friend is the end of your progress. Listen JoeNY there is no prerequisite for trading. I get this impression around FF that you have to blow a few accounts, and jump from strategy to the next and wait years, with breaking even to be considered...
SPC * Swollen PocketZ Crew!
  • #20
  • Apr 14, 2014 12:50am Apr 14, 2014 12:50am
Who told you guys you should trade on lower time frames and that retail traders can make money on lower TF's trading manually?
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