The Price is Right: Trading Price Action | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Right Wrong Right Wrong Right Wrong 13 replies

Price Action - Right To Left Or Left To Right? 4 replies

Newb at the right place and the right time 1 reply

big whipsaw... what was the right course of action?? 13 replies

Right timeframe for price action strategies! 1 reply

Attachments: The Price is Right: Trading Price Action
Exit Attachments

The Price is Right: Trading Price Action

  • #21
  • Mar 1, 2016 10:02am Mar 1, 2016 10:02am
This level on Cad was marked earlier... we would look at Daily, then switch to 4h and 1h/30 for entry
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2016-03-01_110051.png Size: 27 KB
Click to Enlarge Name: 2016-03-01_110148.png Size: 26 KB
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #22
  • Mar 1, 2016 1:27pm Mar 1, 2016 1:27pm
starting to give signs up... EURUSD
Once you master this... you can start to trade daily/4h on 5m entry
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2016-03-01_142417.png Size: 29 KB
Click to Enlarge Name: 2016-03-01_142632.png Size: 26 KB
Click to Enlarge Name: 2016-03-01_142701.png Size: 31 KB
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #23
  • Mar 1, 2016 1:28pm Mar 1, 2016 1:28pm
USDCAD broke support may turn to resistance... or try to fake out new shorts
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-03-01_142754.png Size: 26 KB
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #24
  • Mar 1, 2016 3:41pm Mar 1, 2016 3:41pm
Dear Eaglestar, this thread is so profitable and this is my main strategy.
All traders believe that the price show anything and reflect all thing.
So we could focus on price actions and have profit of our trades.
I'm interest on this.
  • #25
  • Mar 1, 2016 9:20pm Mar 1, 2016 9:20pm
good stuff eaglestar, subscribed
  • #26
  • Mar 1, 2016 9:35pm Mar 1, 2016 9:35pm
Dear Eaglestar

Kindly explain entry exit with example.
  • #27
  • Mar 1, 2016 10:33pm Mar 1, 2016 10:33pm
Wow.. The idea is great because im doing the same analysis and its really working. If you combined the consolidation and breakout techniques, trading is really profitable. I will show you my trade sample.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 124 KB
  • #28
  • Mar 2, 2016 12:35am Mar 2, 2016 12:35am
Quoting mpradeep
Dear Eaglestar Kindly explain entry exit with example.
Read through the first 25 pages of the first three links I gave you especially nobrainertrades thread. This is a multi timeframe approach to trade larger swings that will require some understanding of market structure and different timeframes. If you master it, you sill understand every time frame and how they are inter woven, but you can also trade each timeframe independent as support and resistance areas happen in each time frame. The key that I am trying to share is that if you initiate larger timeframe swing trades on smaller timeframes with lower stop loss you can have a much greater RRR than trading each independently. This has been gone over in other threads, this is tolerance and show market observations as they happen so we can capture 400+ pip market moves with small stop losses and good money management. This is something that I came across after spending many hours charting and reading through threads here. It is simple, powerful, yet will take time to master.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #29
  • Mar 2, 2016 12:36am Mar 2, 2016 12:36am
Quoting doelcs
Wow.. The idea is great because im doing the same analysis and its really working. If you combined the consolidation and breakout techniques, trading is really profitable. I will show you my trade sample. {image}
Keep the charts coming fee free to show trades and experience.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #30
  • Mar 2, 2016 12:43am Mar 2, 2016 12:43am
what you need to do is this
1. Mark major daily and weekly levels and enter on 1h/30min. Advanced traders can enter on 15/5/1min
2. Set price alerts I will post an indicator later
3. Trade in direction of trend, if range bound observe prior swings closely
4. Use stop loss of 40 pips or alternatively atr 200 x 1.3 (thanks Tim Morge) of 1h timeframe
5. Profit projection of minimum 3:1 but better 5:1+ Can also use basic fibonacci pattern of ABCD (Google) or measured move of daily/weekly formation
6. Use profit stops under swings to protect profits until objective is met
7. Use market structure to your advantage when exiting the trade
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #31
  • Mar 2, 2016 12:47am Mar 2, 2016 12:47am
you may show a particular pair and we can go over it as well.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #32
  • Mar 2, 2016 3:51am Mar 2, 2016 3:51am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting eaglestar
This thread is meant to be a learning thread, utilizing support and resistance techniques and basic trendline techniques to find very profitable entries and exits in the forex, commodities, and equities markets. It will be mostly based on collective knowledge gained from what I have learned through the teachers I have come across. This thread is dedicated to Redsword11, KennyZ, BillyRayValentine, Ifmyante, Timothy Morge, Sam Seiden on FxStreet with whom Redsword11 had studied and started the Price is Everything thread, and pipeasy. (in no particular...
Hello E

nice thing, I saw 2 other threads

Quinton’s Simple & Effortless Trading @ Forex Factory

Quinton’s Simple & Effortless Trading Signals @ Forex Factory

with similar approach, you both should work together

trade this long time

good luck with this thread
HPt
from level to level - you need mental strength to reach the summit
  • #33
  • Mar 2, 2016 4:30am Mar 2, 2016 4:30am
Good luck eaglestar w/ this thread! Subscribed

a former Market Geometry member
  • #34
  • Mar 2, 2016 5:37am Mar 2, 2016 5:37am
hi eaglestar
​GBPJPY
 
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4-3.png Size: 58 KB
 
  • #35
  • Mar 2, 2016 9:16am Mar 2, 2016 9:16am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
EU

trendline is broken, so looking for next level


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 53 KB



trade well
HPt
from level to level - you need mental strength to reach the summit
  • #36
  • Mar 2, 2016 10:21pm Mar 2, 2016 10:21pm
Sir Eaglestar thank you for your immediate reply and thanks for your trading tips. But with regards to the 25 pages you mentioned actually did not find it. With to your post USDCAD, actually i also do the same analysis and i earn 60pips yesterday. Heres my entry for USDCAD hope we can help others to profit in forex market.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 34 KB
  • #37
  • Mar 3, 2016 12:24am Mar 3, 2016 12:24am
Current Daily chart on EURUSD showing possible retracement. Here is one way to look at it

Daily

H4

H1/m30

Think of this as a way to snipe your entries to maximize your risk reward. Something I was working on in forks, but most people don't know how to draw a fork correctly. This layering method will aid in taking multiple positions and putting sl to be quickly to utilizing position building similar to pipeasy in building an equity millipede, and creating soldiers.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2016-03-03_012043.png Size: 35 KB
Click to Enlarge Name: 2016-03-03_012235.png Size: 28 KB
Click to Enlarge Name: 2016-03-03_012428.png Size: 27 KB
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #38
  • Mar 3, 2016 12:26am Mar 3, 2016 12:26am
Quoting randolf
hi eaglestar ​GBPJPY  {image}Â
God Bless you Randolf! I hope you are making many pips brother. I will be focusing mostly on mountains/valleys and horizontal MPL in this thread, but you are welcome to post here. Keep up the good work!
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #39
  • Mar 3, 2016 12:28am Mar 3, 2016 12:28am
Quoting Hpt
EU trendline is broken, so looking for next level {image} trade well HPt
Excellent analysis Hpt, and I will look into collaborating on something with him.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #40
  • Mar 3, 2016 12:32am Mar 3, 2016 12:32am
Quoting eaglestar
Current Daily chart on EURUSD showing possible retracement. Here is one way to look at it Daily H4 H1/m30 Think of this as a way to snipe your entries to maximize your risk reward. Something I was working on in forks, but most people don't know how to draw a fork correctly. {image} {image} {image}
thank You Sir
1 trader viewing now