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Price Action discussion

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  • #1
  • First Post: Jan 10, 2015 8:17am Jan 10, 2015 8:17am
In my humble opinion,So-called Price Action is just the classical technical analysis which follows Dow Theory,the key is trend,define trend,find trend,use trend(follow or anti).What price gives us directly? Price patterns(bars) and swing highs/lows.Price patterns lead to top and bottom,swing highs/lows lead to trend lines and S/R lines.
BUT,the principle of trade is individual,the plan of trade is different.It depends on how we LOOK the things prices give us.right or wrong?! technical analysis is experiential,so does the price action.
A chart helps those who can read it.
  • #2
  • Jan 15, 2015 8:42am Jan 15, 2015 8:42am
Hi,

Sorry im a newbie, does anyone know what the 12 represents in the following parameter please?

S&R(12) Price Touched Support
  • #3
  • Jan 16, 2015 7:11am Jan 16, 2015 7:11am
Price Action is all about reading the pure chart without any indicatorar or robort as most traders do. In fact the simplest part of Price action trading is to trade what u see.

Take a closer look at the chart attached.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 33 KB
  • #4
  • Feb 1, 2015 10:46am Feb 1, 2015 10:46am
Interested thread! Please keep going
  • #5
  • Apr 30, 2015 6:01am Apr 30, 2015 6:01am
Resistance & Support-------psychology game

At first,0.7900 area was a resistance for bullish,and price tried to break it twice,unsuccessful. It broken through this resistance at third time,then pull back to 0.7900 area,0.7900 area now turn into a support zone.

The stop loss position is 30 pips far away,at 0.7870.and the take profit position is @ 0.83 area-----the same breadth box in chart.

let's C.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 2015.04.30.png Size: 23 KB
A chart helps those who can read it.
  • #6
  • May 1, 2015 8:20am May 1, 2015 8:20am
Quoting geniusztc
Resistance & Support-------psychology game At first,0.7900 area was a resistance for bullish,and price tried to break it twice,unsuccessful. It broken through this resistance at third time,then pull back to 0.7900 area,0.7900 area now turn into a support zone. The stop loss position is 30 pips far away,at 0.7870.and the take profit position is @ 0.83 area-----the same breadth box in chart. let's C. {image}
Hmmm... not sure about that!
Attached Image (click to enlarge)
Click to Enlarge Name: AU monthly.JPG Size: 401 KB
  • #7
  • May 1, 2015 8:41am May 1, 2015 8:41am
Quoting jen101
{quote} Hmmm... not sure about that! {image}
.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDDaily.png Size: 36 KB
Click to Enlarge Name: GBPUSDH1.png Size: 28 KB
  • #8
  • May 1, 2015 8:55am May 1, 2015 8:55am
Quoting Petr.K
{quote} . {image} {image}
Friday afternoon now, almost pin bar on weekly off key level
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU weekly.JPG Size: 254 KB
Click to Enlarge Name: AU.JPG Size: 416 KB
  • #9
  • May 1, 2015 9:29am May 1, 2015 9:29am
Quoting jen101
{quote} Hmmm... not sure about that! {image}
yes,not sure----so called technical analysis.but the theory is right, isn't it?

and you put the monthly chart. on monthly time frame,I still choose the north.
A chart helps those who can read it.
  • #10
  • May 1, 2015 9:49am May 1, 2015 9:49am
Quoting geniusztc
{quote} yes,not sure----so called technical analysis.but the theory is right, isn't it? and you put the monthly chart. on monthly time frame,I still choose the north.
Yes, some conflicting signals, monthly has bullish engulfing also... I usually prioritize price levels and higher timeframes though I tend to stay clear when the timeframes can't agree. But I think south
  • #11
  • May 1, 2015 6:25pm May 1, 2015 6:25pm
non-sense....it's going north soon....it pierced upwards....do this all the time....that pierce is friggin huge

they're telegraphing the move way ahead of time...
  • #12
  • Edited 11:44pm May 4, 2015 12:34am | Edited 11:44pm
AUDUSD

support area on H4 chart-----the 365ema and 150ema, the 50% fib,the pin bar.
I choose to open long position here.
stop loss position below 150ema @ 0.777.

(by the way,there is a fundamental risk,the RBA may cut tomorrow.)
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 2015.05.04.png Size: 23 KB
A chart helps those who can read it.
  • #13
  • Edited 8:57pm May 5, 2015 11:32am | Edited 8:57pm
take profit @ 0.7945
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD2015.05.06.png Size: 22 KB
A chart helps those who can read it.
  • #14
  • May 5, 2015 9:24pm May 5, 2015 9:24pm
USDJPY:the support and resistance on different time frame.

as we can see,there is a down trend line on daily chart,and the daily closed price MAY BE under this trend line.on H1 chart,the previous support area @ 120,I suppose it turn into resistance. however,the big support zone @ 118.50.

I open short position @ 119.93,and SL above 120.2X would be not bad.

Let's C.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPY 2015.05.06.png Size: 41 KB
Click to Enlarge Name: USDJPY 2015.05.06 h1.png Size: 29 KB
A chart helps those who can read it.
  • #15
  • May 6, 2015 12:59am May 6, 2015 12:59am
Looks Good
DON'T TRADE THE DIRECTION, TRADE THE MOVE
  • #16
  • May 6, 2015 9:12am May 6, 2015 9:12am
take profit @ 119.25
A chart helps those who can read it.
  • #17
  • May 20, 2015 4:40am May 20, 2015 4:40am
Quoting geniusztc
Resistance & Support-------psychology game At first,0.7900 area was a resistance for bullish,and price tried to break it twice,unsuccessful. It broken through this resistance at third time,then pull back to 0.7900 area,0.7900 area now turn into a support zone. The stop loss position is 30 pips far away,at 0.7870.and the take profit position is @ 0.83 area-----the same breadth box in chart. let's C. {image}
unwilling to give up hope for bullish. when will I get 0.83?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 2015.05.20.png Size: 32 KB
A chart helps those who can read it.
  • #18
  • Nov 19, 2015 2:29am Nov 19, 2015 2:29am
It is time to short it below the S/R level. as you can see.
Attached Image
A chart helps those who can read it.
  • #19
  • Oct 17, 2016 8:19am Oct 17, 2016 8:19am
SUPPORT & RESISTANCE

At first,the strong resistance is @ 79.00. once price breaks though this level. the previous resistance turns to support. wait for the price pull back to this level again. It is the chance to long it.

regards.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY H4 2016.10.17.png Size: 19 KB
A chart helps those who can read it.
  • #20
  • Feb 13, 2017 6:20am Feb 13, 2017 6:20am
technical analysis can not analyze the past.

technical analysis can not forecast the future.

technical analysis can give you positions open and close trades with low risk.

for me, trade is a probability game.
Attached Image
A chart helps those who can read it.
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