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Naked Price Action Trading : SnR with Fibonacci (Noob Friendly)

  • #41
  • Jan 6, 2015 1:23am Jan 6, 2015 1:23am
I see. Never use Alpari before. Bolehbahkalaukau!
  • #42
  • Jan 6, 2015 1:57am Jan 6, 2015 1:57am
Trying to draw something here.

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  • #43
  • Jan 6, 2015 4:13am Jan 6, 2015 4:13am
Update GU 6 Jan 2014, TP 60 pips achieved

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  • #44
  • Jan 6, 2015 5:14am Jan 6, 2015 5:14am
Quoting Zarita
Update GU 6 Jan 2014, TP 60 pips achieved {image}
Well thank you for the signal. I enter too. haha
See another one coming? Zoom M5

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  • #45
  • Jan 7, 2015 4:49am Jan 7, 2015 4:49am
Another breakout? Is it valid?

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  • #46
  • Jan 7, 2015 4:54am Jan 7, 2015 4:54am
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  • #47
  • Jan 7, 2015 5:08am Jan 7, 2015 5:08am
Very risky one. As 1st Retest nearly hit TP. And HnS after that.

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  • #48
  • Jan 7, 2015 1:28pm Jan 7, 2015 1:28pm
Sleepless night. Time to draw again.

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  • #49
  • Jan 7, 2015 1:39pm Jan 7, 2015 1:39pm
Its weird when people don't like easy pips.

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  • #50
  • Jan 7, 2015 9:23pm Jan 7, 2015 9:23pm
Hi

Can anyone here teach me this method/way of trading?

Thank you.
  • #51
  • Jan 7, 2015 10:52pm Jan 7, 2015 10:52pm
Quoting pipsdroid
Hi Can anyone here teach me this method/way of trading? Thank you.
Yes sure. But 1st you need to change from candlestick to bar chart. and start marking only SIGNIFICANT SNR line from monthly to daily.
You can read here.
http://www.babypips.com/school/eleme...esistance.html

After that. We need to find role reversal and breakout point.

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  • #52
  • Jan 7, 2015 10:54pm Jan 7, 2015 10:54pm
Quoting demolationz
Very risky one. As 1st Retest nearly hit TP. And HnS after that. {image}
WOW! Look look! What happen

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  • #53
  • Jan 8, 2015 12:10am Jan 8, 2015 12:10am
Quoting demolationz
{quote} Yes sure. But 1st you need to change from candlestick to bar chart. and start marking only SIGNIFICANT SNR line from monthly to daily. You can read here. http://www.babypips.com/school/eleme...esistance.html After that. We need to find role reversal and breakout point. {image}

thank you for guiding me...i am eager to learn to trade on naked chart...

why bar chart? how it helps?
and what is the retest thing?
  • #54
  • Jan 8, 2015 1:05am Jan 8, 2015 1:05am
Quoting pipsdroid
{quote} thank you for guiding me...i am eager to learn to trade on naked chart... why bar chart? how it helps? and what is the retest thing?
Why bar chart?
Simple! K.I.S.S. (Keep It Simple Stupid). We wanted to see the price action only. And it won't involve the candlestick reversal pattern. (which you can use later on after understand this system.)

What is retest?
Okay. As you can see in the picture. Blue means support. and Red means resistance.

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Now what?
Let me combine it with horizontal line and some arrows to show you SNR level. You can see, price will test the SNR level. The higher the number of test, more strong the SNR is. And price will bounce off.

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After that?
From here, we will find role reversal pattern (SBR, RBS), or breakout level. I found 2!
And ofcoure, circle the breakout level.

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  • #55
  • Jan 8, 2015 6:16am Jan 8, 2015 6:16am
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  • #56
  • Jan 8, 2015 10:17am Jan 8, 2015 10:17am
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  • #57
  • Jan 8, 2015 9:44pm Jan 8, 2015 9:44pm
Quoting demolationz
{quote} After that? From here, we will find role reversal pattern (SBR, RBS), or breakout level. I found 2! And ofcoure, circle the breakout level. {image}
ok that is one clear explanation....thank you
from this, how do you get into buying or selling? what are the considerations to enter a long/short?
  • #58
  • Jan 8, 2015 10:29pm Jan 8, 2015 10:29pm
2nd Test and entry.

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  • #59
  • Jan 8, 2015 10:41pm Jan 8, 2015 10:41pm
Quoting pipsdroid
{quote} ok that is one clear explanation....thank you from this, how do you get into buying or selling? what are the considerations to enter a long/short?
Wait for 2nd test before entry. TP at LL or HH.
  • #60
  • Jan 9, 2015 1:53pm Jan 9, 2015 1:53pm
Been busy working on my indicator. Lets get back to naked chart.

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