priceaction1 journal

EURUSD Clearly bearish on both the daily and the H4, yet still within the last weeks consolidation channel, and at the low end of the last 150 period daily.
Some bullish signs on both, the bulls and bears still undecided, looking for the short trade.




Charts from MT4.

If you set stop loss exactly at top or bottom you will be stop out many times in the future. It's better to move it some pips below bottom.

Apologies, my post was meant to be in EURUSD thread - I am new to posting here. The EU trade has now given 30 pips, the daily ATR is nearly reached, time to cover any weakness, letting it run and banking the profits when the 15 min turns.

I was upset due to some issue on fti thread, grand master leave the thread, a big loss. I post at euro/usd thread this one and she did it once again.
http://www.forexfactory.com/showthre...89#post7621289

the cation for confirmation worked and safe, hope all of you too. that is why I say we just don't know what she do but what we know is if she goes at x point we will be there too.

ok I will do some gold trade too that was test case. profit booked.
https://charts.mql5.com/5/272/goldmi...g-point-of.png

euro long @ 1.3463 with protection of 10 pips. scalping
https://charts.mql5.com/5/272/eurusd...g-point-of.png

free useful resources for educational purpose.
from on ward I try to post some useful free info on daily base
many people ask about inter bank rate charts. so here it is.

http://www.forex-markets.com/charts.htm

you can not see this spike in broker feed.

euro close no joy. 2 pips.

Hi Pa, too bad about the thing that happened on TAF thread. I had just discovered the thread, I hope FTI will return soon.

What do you make of the spike?

it is inter bank bid/ask chart not in retail broker platform. post just for info may be pro trader can get some info from that chart.
master is not coming back.

was away for some work. today is not much move in euro. I go for short @1.3467 area with 2/10 position . just close @1.3459 and 61.

ok free resource. I am not using much indicators and EA's but this site have all most every indicator.
http://www.forexstrategiesresources.com/

https://charts.mql5.com/5/283/eurusd...g-point-of.png

how one can find the trend . look this chart. and what indicate 1.2.3
1.sitting duck areas and stop loss grabber
2. main trend price move fast like express train
3. look small slow lethargic move. it must be correction.

one main point. if price move in any support/resistance area, did not stay there and sharply move back it is indication of stop loss hunting. if some one remember last years 27/12 euro move it was a classic stop hunting I was there for short.
be care full if price stay after than after sharp move it means it is making new base line. if we think battle filed than it means one force win that area and making there bases strong.

more to come.

one of useful tool for any new entry is ADR, average daily range. if some one is in trade he can take profit at ADR bcz at that point price tended to stay some time. if want to short than look the top point of daily ADR. safe place for short keeping in mind the sitting duck areas.
green pips for all.

THANKS Priceaction1!

how to calculate ADR??
PLZ explain.

regards,
loveandpeace

good tool for ADR. it is in the mt4 by default. in navigation window click on indicators a list of indicators will be display there you can drug and drop it to chart.
though I post one here it is more user friendly.

now on ward I try to discus one procedure /method of trading keeping in view candlestick charts. one trade set up I called it IF set up. and a free resource of info.
many people PM regarding account management, I put my email adders in first post. I can't discus any thing in this thread it is against the FF policy .

one of my swing trade 21 days, 14 trades rest is history for me.

Fabulous trader, with fabulous heart. Nice trading PA. Maybe I post my own journal for a little friendly competition. :-)

@ swis ! any up date regarding master.

set up before nzd rate decision!!!!!
If the RBNZ hikes rates, sticks to its moderately hawkish tone and does not sound worried about Kiwi strength then NZDUSD may make another run at 0.8800. so it is up side down. no trade..