priceaction1 journal

today I am in sync!!!! another 10(x5) long

https://charts.mql5.com/5/458/eurusd...point-of-3.png

and this time it was short result is same 10(x5)
https://charts.mql5.com/5/459/eurusd...g-point-of.png

Thank you for your guidance. I've been following since day one..

All the while i hardly to grap the right direction forex.

EUR daily. thanks to sive morten from forex peacearmey.
Daily
Finally guys, we’ve reached the most interesting moment. Situation here is very tricky. Here are some thoughts. Here we’ve expected to get some bounce up and discuss this moment for a long time already. But the problem is that we have as supportive bullish issues as bearish ones. Thus, we have rather high CFTC ratio that points on possible reversal or at least retracement, we have butterfly “buy” pattern here, we have untouched MPP right at 50% resistance level, that EUR likes most of all, right?
Conversely we have some curious price action. Something prevents market from normal bounce. We clearly will see it on intraday chart. Partially this comes from negative recent data from EU – GDP on major 3 economies, IFO institute data, Draghi speech on possible quantitative easing etc. They are could lead to just flat action. Bullish factors could prevent downward move, but their power could be not enough to trigger normal full-size retracement to MPP. And market could turn to some sideways action. That’s the risk.
Second pattern that we’ve discussed was DPRO “Buy”. But currently guys, I think that we can’t rely on it any more by some reasons. Major fact is market mechanics. DRPO has to show capitulation of bears, but here we mostly see triangle consolidation without brightly visible lows. Price action by itself reminds just consolidation after solid move down. And when we will take a look at 4-hour chart we’ll see that price action absolutely does not represent normal DRPO action.
So, what? Well, although upward action and retracement is still possible, but avoid to trade it via DRPO (some other pattern should appear on intraday chart probably), second – due to recent action it seems probable that market could show just flat sideways action and then continue move down.
http://images.forexpeacearmy.com/Wee...d_18_08_14.png

Another good read, point out by FFBINERY. thanks.
http://vantagepointtrading.com/wp-co...ock-Market.pdf

I can write a book like, "how I made 500% in one day" and " how I made "900$ from 78$ in three days" and "how I made 300$ from 7$' and "how I made 2500 from 500" and and................. but one day it will be " how I made 10000$ to 100000" very soon

I love day trade but swing trade is more profitable. for those who asking about manage account. closed with 100 pips profit.

let see what next!!!!!

https://charts.mql5.com/5/491/eurusd...g-point-of.png

stop out

some high risk high leverage close trades. now 1 is in filed stop loss at BE free trade 0.5 lot.
https://charts.mql5.com/5/502/eurusd...g-point-of.png

I'm all with you, the swings are to small for active daytrading right now, so i also mostly build swingtrades. God stuff in here., keep it up.

Thanks!!

this month my day trades. high risk high leverage 720%

Total Trades:53Short Positions (won %):14 (100.00%)Long Positions (won %):39 (64.10%)
Profit Trades (% of total):39 (73.58%)Loss trades (% of total):14 (26.42%)

3 days


Total Trades:20Short Positions (won %):2 (100.00%)Long Positions (won %):18 (94.44%)
Profit Trades (% of total):19 (95.00%)Loss trades (% of total):1 (5.00%)

test case.
https://charts.mql5.com/5/513/eurusd...g-point-of.png

euro daily view for next week.
Thanks to sive morten!. http://www.forexfactory.com/showthre...51#post7693851

Daily
Daily trend is bearish as well. Daily picture does not give us any clear patterns, but still it shows very important information. Particularly speaking it tells that currently is not the time to enter short. As addition to weekly Agreement and K-support, we see that price also stands at daily oversold and MPS1 and personally I wouldn’t sell here. The most difficult task right now is to estimate possible upside target of retracement. Minimum target probably stands at 1.3405 area – in the middle of Oscillator Predictor bands. As we also have here bullish “Stretch” pattern – 1.3405 is its minimum target. Still, It seems that reaction on weekly K-support should be a bit more visible and solid. Thus, our next target is daily K-resistance around 1.3515, accompanied by MPP and daily overbought. Also it coincides with our previous assumption of re-testing broken YPP at 1.3475. So, next target will be an area around 1.3475-1.3500.
http://images.forexpeacearmy.com/Wee...d_25_08_14.png

Weekly
Long term charts are most clear and useful on EUR right now. Big picture on weekly chart is also very intriguing. Here our suggestion on possible reversal around 1.3830 resistance is also confirmed by Butterfly “sell” pattern. As we’ve said on previous week:“We do not see any reasons for market to stop except, may be 0.618 target of AB-CD at ~1.34 area (not shown), since EUR is not at support and oversold. Even if minor bounce will happen, price probably will continue action to AB-CD target and Agreement around K-support area. Thus our weekly destination point is 1.3225 area”, - and this has happened.
Another confirmation that current move down is mostly a new bear trend but not a retracement is reversal swing. Recent swing down is greater than previous swing up. Another indicator that we will watch till the end of August is MPS1. Now price stands right at it.
Thus, market has reached very strong support area – weekly K-support, AB=CD target that creates and Agreement. We should be ready for a bounce up, that could last for some weeks. Logic suggests possible re-testing of YPP. Hint on possible bounce also comes from CFTC data as we’ve seen above.
Another interesting observation here is YPS1 coincides with weekly oversold and... 50% support level. And we know that EUR likes 50% levels, right?
http://images.forexpeacearmy.com/Wee...w_25_08_14.png

Hello priceaction1. Thanks for your thread. Which broker do you use for your trading accounts?

free Forex basics must read.
http://www.forexpeacearmy.com/forex-...on-pro-banker/

different broker for different accounts. for day trade I use XM.