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The Price is Right: Trading Price Action

  • #81
  • Mar 5, 2016 3:27pm Mar 5, 2016 3:27pm
Quoting Hpt
Here you see a linechart - EU weekly - linecharts in higher timeframes gives an extra clue for big turning points (TRENDCHANGE), remember that behind any level stands an "area" of S/R. If you switch then to bar /Candle charts in LTF you have a better overview , finding best levels as posible. Its nicely visible "123pattern" as randolf posted http://www.forexfactory.com/showthre...16#post8792416 this is just my experience over the years {image} trade well and nice weekend HPT
The daily chart is more important then the weekly,
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It broke down through its uptrend line last friday and bounced off off its 200 daily sma yesterday, both of those are bearish, I think it is going down next week.
The Trend Is Your Friend
  • #82
  • Mar 5, 2016 4:41pm Mar 5, 2016 4:41pm
Three points to short, two to go long. EUR/USD daily chart.

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  • #83
  • Mar 6, 2016 12:00pm Mar 6, 2016 12:00pm
Always - look for key moments , before trade

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beauty is in simplicity
  • #84
  • Mar 7, 2016 5:46am Mar 7, 2016 5:46am
Quoting eaglestar
Example recent Euro Chart for finding entries on lower timeframes and scalping intraday 1h 15m 5m {image} {image} {image} {image} {image} {image}

I would love to know how this can be done, more guidance please Eaglestar.
  • #85
  • Mar 7, 2016 10:54am Mar 7, 2016 10:54am
I waited for an USD/CAD short, but the train went w/out me:

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Yen long.. price didnt reached the level, started a chop instead:

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  • #86
  • Mar 7, 2016 9:41pm Mar 7, 2016 9:41pm
The support of the previous zone was already broken 3/6/16 therefore the price of USDCAD will retrace normally on the recently broken support as a new resistance.
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  • #87
  • Mar 7, 2016 10:00pm Mar 7, 2016 10:00pm
Quoting Skylight
I waited for an USD/CAD short, but the train went w/out me: {image} Yen long.. price didnt reached the level, started a chop instead: {image}
USDJPY and USDCAD

notice where levels are on usdjpy 00,25,50,75,100

notice on h4 and h1 zoom
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #88
  • Mar 8, 2016 4:20am Mar 8, 2016 4:20am
beautiful looking wedge formation on xau/usd nearing 1300.00. Will it drop from there or penetrate through all stops.. i have set pending orders for both sides if volume picks up. also looking to buy nzd/usd near old highs
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  • #89
  • Mar 8, 2016 4:45am Mar 8, 2016 4:45am
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  • #90
  • Mar 8, 2016 5:30am Mar 8, 2016 5:30am
this is my yesterdays trade and its not so preferred setup but still got short reaction to it.
I dont have much faith that gbp can fall much so i set small TP target for 164pips.
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  • #91
  • Mar 8, 2016 8:08am Mar 8, 2016 8:08am
will eurchf slowly pullback in between areas i have marked and then rally to 1.1 if it could break that and stay above that, will it eventually return near into 1.2 where it dropped...
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  • #92
  • Mar 8, 2016 9:17am Mar 8, 2016 9:17am
Quoting eaglestar
{quote} USDJPY and USDCAD notice where levels are on usdjpy 00,25,50,75,100 notice on h4 and h1 zoom {image} {image} {image} {image} {image} {image}
Good day. They think of this pair is hitting resistance will be time to enter short?
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  • #93
  • Mar 8, 2016 9:32am Mar 8, 2016 9:32am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
GU

simple entry , confl. level and fork

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in the moment price is sitting on 76.4

HPT
from level to level - you need mental strength to reach the summit
  • #94
  • Mar 8, 2016 11:11am Mar 8, 2016 11:11am
Quoting cesar8
{quote} Good day. They think of this pair is hitting resistance will be time to enter short? {image}
Look to daily and observe the price and act on the price action signal
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #95
  • Mar 8, 2016 11:18am Mar 8, 2016 11:18am
I had noticed similar patterns on pitchforks. I started this thread to help others understand market basics and apply using basic SR, and multi time frame entry management.

Notice the differences in the charts below.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #96
  • Mar 8, 2016 11:22am Mar 8, 2016 11:22am
So the way to determine what the market will do in the future is training your eyes to spot market extremes... when you do it later your eyes will see extremes without drawing.

By studying the line chart I can see multi pivot areas, and by knowing where the pivots have happened, a rip happens in time and space there by attracting like a magnet where price will bounce again in the future.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #97
  • Mar 8, 2016 11:30am Mar 8, 2016 11:30am
Quoting Hpt
GU simple entry , confl. level and fork {image} in the moment price is sitting on 76.4 HPT
Hi Hpt, what do you think about this?
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #98
  • Mar 9, 2016 3:12am Mar 9, 2016 3:12am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting eaglestar
{quote} Hi Hpt, what do you think about this? {image}
Hi E,
booked my pips

now I´m waiting for the Gap close (maybe long 1.4059 retracement ? - tp is obvious)

weekly tweezer -

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H4

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green pips
HPT
from level to level - you need mental strength to reach the summit
  • #99
  • Mar 9, 2016 7:23am Mar 9, 2016 7:23am
Quoting Hpt
{quote} Hi E, booked my pips now Im waiting for the Gap close (maybe long 1.4059 retracement ? - tp is obvious) weekly tweezer - {image} H4 {image} green pips HPT
here you have price going into weekly demand/support look for possible retrace higher
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #100
  • Mar 9, 2016 9:38am Mar 9, 2016 9:38am
Quoting eaglestar
{quote} here you have price going into weekly demand/support look for possible retrace higher {image}
Good day. GBP-USD in h1, waiting to see price support.
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