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The Price is Right: Trading Price Action

  • #41
  • Mar 3, 2016 12:34am Mar 3, 2016 12:34am
Quoting dim4ik42
Hi Eaglestar! Very interesting thread you start. I do subscribe for sure!
Thank you for showing up dim4ik42... feel free to post your trades and wisdom
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #42
  • Mar 3, 2016 12:41am Mar 3, 2016 12:41am
Another example of Layering (if anyone has seen this before please let me know) of price coming off a major SR level. As price starts to go down, you have multiple chances to enter to get on board the train.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #43
  • Mar 3, 2016 12:45am Mar 3, 2016 12:45am
Here's my analysis on EURUSD.
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  • #44
  • Mar 3, 2016 1:10am Mar 3, 2016 1:10am
Quoting doelcs
Here's my analysis on EURUSD. {image}
remember also this is 61.8% so probability for 100+ pip retrace I am guessing
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #45
  • Mar 3, 2016 10:14am Mar 3, 2016 10:14am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
AUDUSD

D1

looking if price respect this level

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H1

price react on fib levels from last swing H/L
fib is corresponding with the current level

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green pips
HPT
from level to level - you need mental strength to reach the summit
  • #46
  • Mar 3, 2016 10:36am Mar 3, 2016 10:36am
Eaglestar, I have a question. As a student of Tim Morge you would know that Tim doesn't use multiple time frames. Are you suggesting that Morge is wrong? Or are you applying this on more of a Sam Siden use of time frames and not applying any of the median line teachings?

Don't get me wrong, I'm reading all of your work, I just want to clarify the differences in your threads. Good stuff!! Lots of hard work done obviously!!!!!!!
  • #47
  • Mar 3, 2016 11:32am Mar 3, 2016 11:32am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting Hpt
EU trendline is broken, so looking for next level {image} trade well HPt

EURUSD

looks like 1.0964/1.0974 level is okay, confl. with 61.8 from last S/L (H1) . - respected -
from level to level - you need mental strength to reach the summit
  • #48
  • Mar 3, 2016 11:50am Mar 3, 2016 11:50am
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. 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. {image} {image} {image}
Those who entered long would be up nearly 100 pips on this move up from the SR layers. Many pips to all. I will address questions and continue in sharing later today and tomorrow.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #49
  • Mar 3, 2016 2:00pm Mar 3, 2016 2:00pm
Watch this level here on AUDUSD

Daily 4h 1h
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #50
  • Mar 3, 2016 2:46pm Mar 3, 2016 2:46pm
You have several levels marked. Watch witch one and why, please?
  • #51
  • Mar 3, 2016 6:26pm Mar 3, 2016 6:26pm
Quoting eaglestar
Please let me know ideas and thoughts, and if there is an interest to continue.
Thanks for the good job ,boss. Am a new trader and i have been trading with trendline, R/S with Fibonacci. My ttutor call it Confluence and it's making good sense. Am alos learning new tips from this thread. Thanks.
  • #52
  • Mar 3, 2016 10:14pm Mar 3, 2016 10:14pm
Quoting eaglestar
Watch this level here on AUDUSD Daily 4h 1h {image} {image} {image}
Hi EagleStar, if you don't mind, what is the indicator you use for SR Levels (the one with blue lines)?
  • #53
  • Mar 3, 2016 10:21pm Mar 3, 2016 10:21pm
Hi Eaglestar, is it possible do scalping on lower timeframe using this price action technique?
Regards
  • #54
  • Mar 3, 2016 10:36pm Mar 3, 2016 10:36pm
Quoting MCFly
Recently I have asked myself if there are some ff members left who trade S&D zones+PA the way Red, KennyZ or Julexo teached. I have seen some of the old followers in other threads trading other systems. Not many could reach the level of master class in PA reading to trade S&D zones profitable and so the threads with their invaluable knowledge was forgotten. I wish you good luck with your thread.
Thank you MCFly and I hope you can post some charts as well and share what you are trading
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #55
  • Mar 3, 2016 10:37pm Mar 3, 2016 10:37pm
Quoting saleh1980
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.
Thank you saleh1980 for coming. I hope everyone here begins to understand what I am trying to teach and understand that this is a very profitable way to trade.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #56
  • Mar 3, 2016 10:44pm Mar 3, 2016 10:44pm
Quoting Skylight
Good luck eaglestar w/ this thread! Subscribed a former Market Geometry member
Thank you for coming Skylight, I hope this helps your trading to become better. This is meant as a way to help in creating discussion on s/r trading methods and price action strategies that we can all learn, benefit from, and trade profitably with. Low drawdown, and High RRR 20:1 is what I am after in creating this thread and getting the discussion going.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #57
  • Mar 3, 2016 10:47pm Mar 3, 2016 10:47pm
Quoting Sossos
Eaglestar, I have a question. As a student of Tim Morge you would know that Tim doesn't use multiple time frames. Are you suggesting that Morge is wrong? Or are you applying this on more of a Sam Siden use of time frames and not applying any of the median line teachings? Don't get me wrong, I'm reading all of your work, I just want to clarify the differences in your threads. Good stuff!! Lots of hard work done obviously!!!!!!!
if you read his articles, you will find that he used to chart multiple timeframes and also teach it. He stopped teaching it because it is way too confusing for the majority of traders trying to learn to trade and get better. I can not speak for him as a whole, I have met him in person, he is a wonderful person and a great man, and I have the utmost respect for Timothy Morge as he is one of my mentors and heroes of trading. This thread is based more on basic market sructure and sr levels and high RRR.

All the best.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #58
  • Mar 3, 2016 10:50pm Mar 3, 2016 10:50pm
Quoting charron
{quote} Hi EagleStar, if you don't mind, what is the indicator you use for SR Levels (the one with blue lines)?
I don't use an indicator, those are hand marked using the horizontal line button.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #59
  • Mar 3, 2016 10:52pm Mar 3, 2016 10:52pm
Quoting Hirangan
Hi Eaglestar, is it possible do scalping on lower timeframe using this price action technique?
Yes of course... you can use a different timeframe sequence. daily h4 1h/30 is just an example here. You can also use h4 1h 15/5 or 1h 15 5/1m to enter it is all up to you. The meaning behind it is to maximize risk reward and increase your hit rate.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #60
  • Mar 3, 2016 11:11pm Mar 3, 2016 11:11pm
Weekly resistance example

Weekly

Daily

4h

with layering
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
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