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my system of 20 pips

  • #701
  • Oct 8, 2014 9:30am Oct 8, 2014 9:30am
his trading method is price action too. almost similar to mine. i just take 20 pips. he take a lot more.
to proof it, when i call to observe EU, he has the same trade. now EJ. same trade again.

Quoting whydak
Hi , Catextract89 if you find some free time could you be so kind and provide some new charts with orders according by your rules (discussed in this thread originally). I'm happy with commitment and FXAction input, but I think there are other technics/methods in his workshop that he uses for openning trades. So I'm confused which posts I should follow. Market will be there tomorrow, so I have plenty of time and I will be patiently wait for your answer. Thanks
  • #702
  • Oct 8, 2014 9:38am Oct 8, 2014 9:38am
Quoting catextract89
please do as you wish, in fact, anyone who has want to contribute can do as he can. but remember one rule, do not spoon feed. let them learn by themselves. {quote}
Cartex, thanks for your magnanimity. More GreenPips To Your Elbow.
  • #703
  • Oct 8, 2014 9:59am Oct 8, 2014 9:59am
hi fxaction,

So basically if a resistance is broken by a huge candle and then when price comes back to that resistance it will act as support Right?

Regards
  • #704
  • Oct 8, 2014 10:20am Oct 8, 2014 10:20am
Hi FxAction,

This is the trade I took...

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM30.png Size: 48 KB
  • #705
  • Oct 8, 2014 10:22am Oct 8, 2014 10:22am
Quoting FXAction
{quote} FXT and JEG, who asked questions on their PM, here is an illustration.I took this trade but b4 Icould capture the screen shot it blew off the tp. So what does our mentor teach? He says if a resistance level is broken as is in this case, then watch price care fully. If price goes up and come back to take support on the erstwhile resistance, then long. It is as simple as that. You should observe my trend line as it has a higher high. Airmac I hope you are there. I offered to you where you will go and get your education for free. There you...
Ok, Here is the 2nd illustration. This EJ bull is a classic setup. Once i see this setup, I could start ordering my beer, but of course it is not my HolyGrail. This is a classic from the teachings of my mentor to which i have directed so many to read his writeups but some are not ready to work hard. With these two illustrations, i have spoonfed you as against Cartex instructions but I hope he forgives me. For those of you whom I have sent where you would get your free education, always compare these setups to what you are reading. AIRMAC I am expecting my gift. More Green Pips To Your Elbows.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 22 KB
  • #706
  • Oct 8, 2014 10:25am Oct 8, 2014 10:25am
Quoting dennis4u15
Hi FxAction, This is the trade I took... Regards {image}
Splendid dennis. I am so happy some of my student's is getting the gist. More Green Pips To Your Elbow
  • #707
  • Oct 8, 2014 10:37am Oct 8, 2014 10:37am
Thanks for the kind words FxAction, if possible could u have a look at the same EUR/JPY Chart please..i have not taken this trade as I felt it may not be a very good set up. Could you take look.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM30.png Size: 47 KB
  • #708
  • Oct 8, 2014 10:47am Oct 8, 2014 10:47am
Quoting dennis4u15
Thanks for the kind words FxAction, if possible could u have a look at the same EUR/JPY Chart please..i have not taken this trade as I felt it may not be a very good set up. Could you take look. Regards {image}
EJ has an unfinished bullish endeavor, and as i told you, never stand in front of a moving shaft. Now go to EU 4h tf, if the candle closes as a bull candle without a yike and standing tall then read your chart and harvest many green pips.
  • #709
  • Oct 8, 2014 10:52am Oct 8, 2014 10:52am
Quoting dennis4u15
hi fxaction, So basically if a resistance is broken by a huge candle and then when price comes back to that resistance it will act as support Right? Regards
Yes
  • #710
  • Oct 8, 2014 11:01am Oct 8, 2014 11:01am
hi fxaction, still waiting for your direction by PM

Closer To Dream
  • #711
  • Oct 8, 2014 11:03am Oct 8, 2014 11:03am
Hi FxAction,

I just had a look at the EU 4 hr chart and price is at yesterdays high which looks like a solid resistance. Is it better to go down to 1hr TF to look foe set ups or should we just wait on 4hr TF. As for the EUR/JPY I am looking at it now and analyzing it...so we can wait and see where it starts to curve and make a hook right?

Regards
  • #712
  • Oct 8, 2014 11:11am Oct 8, 2014 11:11am
Quoting dennis4u15
Hi FxAction, I just had a look at the EU 4 hr chart and price is at yesterdays high which looks like a solid resistance. Is it better to go down to 1hr TF to look foe set ups or should we just wait on 4hr TF. As for the EUR/JPY I am looking at it now and analyzing it...so we can wait and see where it starts to curve and make a hook right? Regards
Dennis, no spoon feeding, but I said 4h tf Dilly will be better
  • #713
  • Oct 8, 2014 11:15am Oct 8, 2014 11:15am
Thanks FxAction,


I will have a look.

Regards
  • #714
  • Oct 8, 2014 11:16am Oct 8, 2014 11:16am
Hi FxAction,

Think I got that 1.

Regards
  • #715
  • Oct 8, 2014 11:19am Oct 8, 2014 11:19am
It should be regular practice (especially newbies) to start any intra-day analysis using the 4H and zoom out. Mark the territory, then begin going into lower time-frame.
Higher timeframes always trump smaller timeframes. Period.

Any S/R on a 5M is insignificant to a S/R that exists on a 4H that has had 3+ months for investors to resolve or test.
Magnitude is greater on a higher timeframe. So you're more likely to get guaranteed 20 pips if you know that 20 pips will be part of a larger move (eg. 60-100 pips)
Compare that to an Intra-Hour move that could be 5-10 pips over one hour.
A pip is only worth it if you know how much you risked to earn it
  • #716
  • Oct 8, 2014 11:35am Oct 8, 2014 11:35am
from my opinion on EU, if the next candle close at least around 1.2665. Then we have to interpret the volume like how cate mentioned before.
Then we sell at 1.2660, TP @ 1.2640..

Any other opinions?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.H1.png Size: 35 KB
  • #717
  • Oct 8, 2014 1:14pm Oct 8, 2014 1:14pm
Holy Grail unleashed. lol, price came with so much momentum, it didnt even allow me set my target in AU before it zoomed off. Was only able to do so in some NU. More Green Pips To Your Elbow
Attached Image (click to enlarge)
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  • #718
  • Oct 8, 2014 1:26pm Oct 8, 2014 1:26pm
Quoting FXAction
Holy Grail unleashed. lol, price came with so much momentum, it didnt even allow me set my target in AU before it zoomed off. Was only able to do so in some NU. More Green Pips To Your Elbow {image}
As i wrote earlier on, Fundamental news always follow good technical analysis. Folks, if i tell you that i dont watch when news is coming, you would not believe me. It was after price moved with such great momentum that i went to check. However I never bother especially when i see a HG setup, because it has never ever ever failed. More green pips to your elbow.
  • #719
  • Oct 8, 2014 1:36pm Oct 8, 2014 1:36pm
Quoting FXAction
{quote} As i wrote earlier on, Fundamental news always follow good technical analysis. Folks, if i tell you that i dont watch when news is coming, you would not believe me. It was after price moved with such great momentum that i went to check. However I never bother especially when i see a HG setup, because it has never ever ever failed. More green pips to your elbow.
FX... that statement is spot on... It seems like the big guys know the fundamentals and act accordingly, and their action is then reflected in the technicals... and the technicals is what we breed on... but if both are aligned... than we can speak about real rocket science as the pair literally explodes...
  • #720
  • Oct 8, 2014 1:37pm Oct 8, 2014 1:37pm
sorry ave been reading the thread fxaction am still here to learn from u tnx i fink am getting it bro
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