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priceaction1 journal

  • #761
  • Nov 20, 2014 6:38am Nov 20, 2014 6:38am
chocolate set up you cay say it s** set up too.

https://charts.mql5.com/6/276/eurusd...g-point-of.png
don't predict direction, but dance with flow of water
  • #762
  • Nov 20, 2014 7:07am Nov 20, 2014 7:07am
so 1.2565-80 area is more interesting, can be tested, or may be not but it is some kind of resistance, if price on 1H chart is close above this area for some time than it is bullish otherwise it is stop hunting area for me.
stop hunting is sharp move in one direction and come down/ up in no time
don't predict direction, but dance with flow of water
  • #763
  • Nov 20, 2014 7:11am Nov 20, 2014 7:11am
keeling zone!! or corn feeding area.


https://charts.mql5.com/6/277/eurusd...g-point-of.png
don't predict direction, but dance with flow of water
  • #764
  • Nov 20, 2014 7:23am Nov 20, 2014 7:23am
Quoting priceaction1
so 1.2565-80 area is more interesting, can be tested, or may be not but it is some kind of resistance, if price on 1H chart is close above this area for some time than it is bullish otherwise it is stop hunting area for me. stop hunting is sharp move in one direction and come down/ up in no time
nice one price..am sellin ucad though....
  • #765
  • Nov 20, 2014 8:46am Nov 20, 2014 8:46am
Quoting priceaction1
so 1.2565-80 area is more interesting, can be tested, or may be not but it is some kind of resistance, if price on 1H chart is close above this area for some time than it is bullish otherwise it is stop hunting area for me. stop hunting is sharp move in one direction and come down/ up in no time
https://charts.mql5.com/6/278/eurusd...point-of-3.png
don't predict direction, but dance with flow of water
  • #766
  • Nov 20, 2014 9:37pm Nov 20, 2014 9:37pm
so 1.2567 is behave like a magic number now the present formation is like a coil or spring , the energy is stored. keep eye on 1.2565-80 area.
https://charts.mql5.com/6/282/eurusd...g-point-of.png
don't predict direction, but dance with flow of water
  • #767
  • Nov 21, 2014 3:11am Nov 21, 2014 3:11am
1.2565 work's just test some shorts
Attached Image (click to enlarge)
Click to Enlarge Name: short.jpg Size: 365 KB
don't predict direction, but dance with flow of water
  • #768
  • Nov 21, 2014 5:41am Nov 21, 2014 5:41am
Quoting priceaction1
euro daily out look for next few days. {image}
she did it more than +100 pips
don't predict direction, but dance with flow of water
  • #769
  • Nov 21, 2014 9:03am Nov 21, 2014 9:03am
Quoting priceaction1
{quote} she did it more than +100 pips
you nailed it price.....
  • #770
  • Nov 21, 2014 9:44am Nov 21, 2014 9:44am
Quoting carbonado
{quote} you nailed it price.....
hi carbonado!!
we have a good stop loss hinting satiation. in eur/usd if price goes 1.2370 area than look for drama. most of long which are indicated in between red lines have last stop loss area below 1.2370 at this point with stop loss some long also off load there position they call it mind stop loss, all big players knows these ones. they call it sitting ducks and they jointly hunt these duck with sharp move. but it is not line on stone just watch the price action if price goes near these areas use your own trading method . hint---------- some news events use for this type of action. I use this though when I short 1.2580 area with stop 1.2602. for sharp 30 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: stoploss.jpg Size: 376 KB
don't predict direction, but dance with flow of water
  • #771
  • Nov 21, 2014 10:30am Nov 21, 2014 10:30am
get ready I think they are in action soon!!!
don't predict direction, but dance with flow of water
  • #772
  • Nov 21, 2014 11:18am Nov 21, 2014 11:18am
if any one want o safe play this is the point one can book profit of shorts.
don't predict direction, but dance with flow of water
  • #773
  • Nov 21, 2014 12:12pm Nov 21, 2014 12:12pm
Quoting priceaction1
{quote} hi carbonado!! we have a good stop loss hinting satiation. in eur/usd if price goes 1.2370 area than look for drama. most of long which are indicated in between red lines have last stop loss area below 1.2370 at this point with stop loss some long also off load there position they call it mind stop loss, all big players knows these ones. they call it sitting ducks and they jointly hunt these duck with sharp move. but it is not line on stone just watch the price action if price goes near these areas use your own trading method...

:nerd:
  • #774
  • Nov 21, 2014 12:16pm Nov 21, 2014 12:16pm
ok it is time to lock profit. trailing stop loss of 10 pips @ 1.2577.
don't predict direction, but dance with flow of water
  • #775
  • Nov 21, 2014 12:30pm Nov 21, 2014 12:30pm
yes me too that's why I put my trailing stop. it is game of mind. the set up still there but no spike yet. what does it means. price MAY go down side and no stop hunting but moving down and down. but if you see 15m chart we can see 1.2455 area before going more down side. it is just chart reading nothing more.
don't predict direction, but dance with flow of water
  • #776
  • Nov 21, 2014 11:48pm Nov 21, 2014 11:48pm
Quoting priceaction1
ok it is time to lock profit. trailing stop loss of 10 pips @ 1.2577.
it work out with +160 pips
don't predict direction, but dance with flow of water
  • #777
  • Nov 22, 2014 1:08am Nov 22, 2014 1:08am
a good read about price action.
Attached File(s)
File Type: pdf txot12_allbrooks.pdf   5.2 MB | 112,540 downloads
don't predict direction, but dance with flow of water
  • #778
  • Nov 22, 2014 1:29am Nov 22, 2014 1:29am
next long term view eurusd..

https://charts.mql5.com/6/292/eurusd...point-of-2.png
don't predict direction, but dance with flow of water
  • #779
  • Nov 22, 2014 1:44am Nov 22, 2014 1:44am
gold nuggets, as always from grate fti.

" for example.
we expect market may test 1.2300
but what if market finds lots buyers 1.2350 and never tests 1.2300.
you have to constantly read whats happening in markets.
expectations is just that expectation. but you must respond to what markets are doing.

This problem of many traders.
They make decision and they write everything in stone. if situation changes, they not know how to respond to the change.
This the rigidity i talking about.
This especially so if trader is dependent on systems and indicators. Or waiting confirmations.
Makes trader non responsive to change and unable to move.

nimbleness is a trained mental responds, is not words.
but also not expect to be super nimble. Comes with experience and emotional stability.
is like exercise, the more one does it, the easier it gets.

Is also easy lose the skill, if emotions disturbed, or becomes nervous, or greedy or afraid.
Or feel too self important, or behaving wicked. Any of these can make you unable see and think clearly.
Sometime if changing too fast will create more disorientation and confusion.
and it is not a system. there no steps to follow. Is just keep adapting to clearer and clearer way of seeing flow, as one's other skills improves.

The process of achieving that nimbleness, the important aids and components, i already put on this thread.'

( fti thread http://www.forexfactory.com/showthread.php?t=57639)
don't predict direction, but dance with flow of water
  • #780
  • Nov 22, 2014 8:05am Nov 22, 2014 8:05am
Quoting priceaction1
a good read about price action. {image}
it's good! thank You!
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