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priceaction1 journal

  • #1,581
  • Dec 21, 2015 9:48am Dec 21, 2015 9:48am
Quoting tashkent
target reached. i am out. 1 pip shy of TP. {image}

You are lucky fellow,

I was stopped at BE then keep looking and looking and still looking but could not dare to jump in again..
  • #1,582
  • Dec 21, 2015 9:50am Dec 21, 2015 9:50am
Quoting tashkent
target reached. i am out. 1 pip shy of TP. {image}
don't predict direction, but dance with flow of water
  • #1,583
  • Dec 21, 2015 9:52am Dec 21, 2015 9:52am
Quoting anwaarkhan
{quote} Not a Big Issue Sir, As you always say that it is game of probabilities... Anyway ,sometime students perform better than teacher.
yes proud of teacher
don't predict direction, but dance with flow of water
  • #1,584
  • Dec 21, 2015 9:53am Dec 21, 2015 9:53am
Quoting anwaarkhan
{quote} You are lucky fellow, I was stopped at BE then keep looking and looking and still looking but could not dare to jump in again..
yes, it was a luck. and you did the right thing not jumping in the high. soon you will see why
As Above, So Below
  • #1,585
  • Dec 21, 2015 9:55am Dec 21, 2015 9:55am
Quoting priceaction1
{quote} yes proud of teacher

feeling proud too for being your student..

  • #1,586
  • Dec 21, 2015 9:58am Dec 21, 2015 9:58am
Quoting tashkent
{quote} if hourly close above 0890, then i am expecting sell off not until 9030. i am little concerned my numbers are getting little too precise, do not count on them. these are just wild fantasies.
EU 9021 is the high, still waiting for 9030. this should take EG to my original level of 7350
As Above, So Below
  • #1,587
  • Dec 21, 2015 9:59am Dec 21, 2015 9:59am
Quoting tashkent
{quote} yes, it was a luck. and you did the right thing not jumping in the high. soon you will see why

shall I wait to go short or just stay away today.

I don't wanna take risk because my leverage will be 1;800 and 1 standard lot.
  • #1,588
  • Dec 21, 2015 10:00am Dec 21, 2015 10:00am
a good read The Playbook and One Good Trade, google "One Good Trade.pdf" "The Playbook.pdf"
don't predict direction, but dance with flow of water
  • #1,589
  • Dec 21, 2015 10:02am Dec 21, 2015 10:02am
i would wait if will reach 7350. watching if there will be selling opportunity
As Above, So Below
  • #1,590
  • Dec 21, 2015 10:03am Dec 21, 2015 10:03am
Quoting anwaarkhan
{quote} shall I wait to go short or just stay away today. I don't wanna take risk because my leverage will be 1;800 and 1 standard lot.
It is ok now.
when blood rush toward head and hart bet rise, stay away from trigger, relax and re check market go ahead.
don't predict direction, but dance with flow of water
  • #1,591
  • Dec 21, 2015 10:07am Dec 21, 2015 10:07am
Quoting priceaction1
{quote} It is ok now. when blood rush toward head and hart bet rise, stay away from trigger, relax and re check market go ahead.


Okay Sir, relaxing and waiting for another attack
  • #1,592
  • Dec 21, 2015 10:32am Dec 21, 2015 10:32am
SMA ,50,100, and 200 setting required.

Ma method = Simple

Apply to= ??? (high,low or close)
  • #1,593
  • Edited 11:16am Dec 21, 2015 10:50am | Edited 11:16am
Hello Priceaction1,

I am very interested in the way you trade, I am reading the document in post 4.

What are your thoughts on EURAUD trend? I would like to know how you would consider trading it?

I have read a lot of the posts, (still reading) and like the way you analyse weekly/daily charts for areas of trading interest and stop loss.

Thanks in advance
  • #1,594
  • Dec 21, 2015 12:29pm Dec 21, 2015 12:29pm
Quoting Alamhakim
Hello Priceaction1, I am very interested in the way you trade, I am reading the document in post 4. What are your thoughts on EURAUD trend? I would like to know how you would consider trading it? I have read a lot of the posts, (still reading) and like the way you analyse weekly/daily charts for areas of trading interest and stop loss. Thanks in advance
This is the scenario which I am looking and like to answer your question.(I might be wrong or you might differ with my thoughts).

Daily chart: if we analyse the waves so it is showing that the trend is up as we see wave i,ii,and iii. on daily which is impluse wavc,and wave iii is indicating resumption of the up trend but the price is in little bit in consolidation mode which has also formed bullish rectangular that should explode towards up and that will drive the price to make the clear up trend.

I suggest, Better is to wait until it explodes.

Nontheless, EURAUD is ranging on daily time frame.

4Hour Chart: price is consolidating in bullish pennant,this means that the sharp climb in price would resume after that brief period of consolidation, when bulls gather enough energy to take the price higher again.

Again better to wait for explosion.


Main trend is up trend but is in considation on daily chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDmicroDaily.png Size: 91 KB
Click to Enlarge Name: EURAUDmicroH4.png Size: 93 KB
  • #1,595
  • Dec 21, 2015 4:24pm Dec 21, 2015 4:24pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 25 KB
  • #1,596
  • Dec 22, 2015 2:59am Dec 22, 2015 2:59am
Long Audusd 0.7197

Short Gbpjpy @ 180.43 & 180.48
  • #1,597
  • Dec 22, 2015 8:44am Dec 22, 2015 8:44am
back to basic
re reading.
http://www.forexfactory.com/showthre...65#post1879465
don't predict direction, but dance with flow of water
  • #1,598
  • Dec 22, 2015 8:47am Dec 22, 2015 8:47am
from grate fti


Yes, that's your 1st lesson, ability to read when you are not mistimed, but on wrong trend. The only way to get out of wrong trend id not to turn, but to have the fortitude to take the punches,(bleeding), then use muscle to recover. If no muscle )$$) then finit.

Use the basics of trend defination to determine your trend bias always, never risk into nomans land.(unless with foreign capital, ie profits. always dance within the volatility scope of the market. You must NEVER be caught on the wrong side of a term trend. NEVER. If you ever get on its wrong side, Only money management can save you , and if you have not preplanned a reasue scenerio, then youare finished. If you planned your MM well then you have the chance to survive to fight another day.

Further inability to resync when against the wave , while implimentation of rescue will kill you there fore like lusan said " spiral within spirals".

regards

gotta go, another day,bye 4 now.

Oh my bicam mind just reminded me.
As you will learn from this thread, your rescue is a minimum geometric spiral, smallest which is a fibo,
You must also learn to wind a trend ride spiral correctly.
And if you cannot dance well, whatever your MM , it will still kill you.
So think carefully.

Remember rigidity kills.
don't predict direction, but dance with flow of water
  • #1,599
  • Dec 22, 2015 8:55am Dec 22, 2015 8:55am
Quoting anwaarkhan
Long Audusd 0.7197 Short Gbpjpy @ 180.43 & 180.48
Close all positions
Audusd +31 pips
Gbpjpy. +109 pips

Enough for today.
  • #1,600
  • Dec 22, 2015 11:17am Dec 22, 2015 11:17am
I have taken the EG short, reason is weekly price channel is meeting with the Daily support, hopefully will be good. I want to sense the price action as discussed here lots to learn.

I like setting the area to short and area to set stop loss? Will it make it back all the way back to the other side of the channel, hopefully.
Attached Image (click to enlarge)
Click to Enlarge Name: EG.png Size: 30 KB
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