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Price action trading - Trade like the pros!

  • #421
  • Dec 13, 2016 7:34pm Dec 13, 2016 7:34pm
What is lagging?.
  • #422
  • Dec 14, 2016 8:16am Dec 14, 2016 8:16am
Quoting whateveridon
What is lagging?.
What do you mean?
  • #423
  • Dec 14, 2016 8:45am Dec 14, 2016 8:45am
Quoting whateveridon
What is lagging?.
If you mean, what is a ''lagging'' indicator (?) it means that instead of showing what price is going to do - or even is doing, which is no doubt the claim it, or at least its coder, makes - it is actually behind the price.

This is most readily available indicators, by the way!
  • #424
  • Dec 14, 2016 9:45am Dec 14, 2016 9:45am
Answer for WDays user is like lemercenaire user told.

Answer for lemercenaire user I think l am benefited!.
  • #425
  • Dec 14, 2016 1:11pm Dec 14, 2016 1:11pm
+70, entered right before FOMC
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 69 KB
  • #426
  • Dec 14, 2016 2:13pm Dec 14, 2016 2:13pm
Hooray! Good work, congratulations!
To learn how to swim , you first need to enter the water!
  • #427
  • Dec 16, 2016 7:55am Dec 16, 2016 7:55am
Everybody's on about EURUSD parity, I say it won't happen yet
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader FOREX Ltd..png Size: 85 KB
  • #428
  • Dec 16, 2016 9:53am Dec 16, 2016 9:53am
Quoting WDays
Everybody's on about EURUSD parity, I say it won't happen yet {image}
What do you mean?
thinking outside the box
  • #429
  • Dec 16, 2016 9:56am Dec 16, 2016 9:56am
Quoting Mercennary
{quote} What do you mean?
I mean Fed rate hike won't make the eurusd go to 1.00
  • #430
  • Dec 16, 2016 10:00am Dec 16, 2016 10:00am
Quoting WDays
{quote} I mean Fed rate hike won't make the eurusd go to 1.00
Judging by the confluence of KSR across the board? Those concepts need to be further explained, very very interesting stuff IMHO
thinking outside the box
  • #431
  • Dec 16, 2016 10:03am Dec 16, 2016 10:03am
Quoting Mercennary
{quote} Judging by the confluence of KSR across the board? Those concepts need to be further explained, very very interesting stuff IMHO
It's simple logic, when the USD moves across all pairs - there's still fuel. When all USD pairs have reached a form of support or resistance and are stalling, chances are the USD rally will be cut short. I wouldn't say I'm bullish on EU, I still think we will end up seeing parity on Fiber, but just not yet.
  • #432
  • Dec 16, 2016 10:05am Dec 16, 2016 10:05am
In fact, if the euro fails to close below 1.0400 today, chances of parity by the end of the month grow weaker.
  • #433
  • Dec 16, 2016 12:13pm Dec 16, 2016 12:13pm
+30 at the end of the day.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 55 KB
  • #434
  • Dec 22, 2016 9:28am Dec 22, 2016 9:28am
Yday's long, closed for +30 at TP
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 12 KB
  • #435
  • Dec 22, 2016 9:53am Dec 22, 2016 9:53am
And this explains why I took the trade. Also as per our knowledge on MS and swings being taken out, I've now got a short
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 39 KB
  • #436
  • Dec 22, 2016 9:56am Dec 22, 2016 9:56am
Where do you think is the PA go in sell mode from now?
 
Quoting WDays
And this explains why I took the trade. Also as per our knowledge on MS and swings being taken out, I've now got a short {image}
 
  • #437
  • Dec 22, 2016 9:57am Dec 22, 2016 9:57am
Quoting Trinquete
Where do you think is the PA go in sell mode from now? Â {quote} Â
Buy the dips is the right strategy for me For me, the euro is now a bullish market until 1.07 perhaps, will have to adjust later on.
  • #438
  • Dec 22, 2016 10:58am Dec 22, 2016 10:58am
I will now wait to get in on a long to 1.07 as I said...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 19 KB
  • #439
  • Dec 22, 2016 11:42am Dec 22, 2016 11:42am
Quoting WDays
And this explains why I took the trade. Also as per our knowledge on MS and swings being taken out, I've now got a short {image}
I thought we shouldn't trust lower tfs MS since they are noise, its get confusing about which bias we should focus and methodology . please elaborate Wdays
thinking outside the box
  • #440
  • Dec 22, 2016 11:47am Dec 22, 2016 11:47am
Quoting Mercennary
{quote} I thought we shouldn't trust lower tfs MS since they are noise, its get confusing about which bias we should focus and methodology . please elaborate Wdays
This is H1 market structure we're talking about here As I've said, I watch daily MS for overall trend, but I keep an eye on hourly market structure in order to quickly spot shifts in trend.

Also, the short trade was based on the premise that when a swing gets taken out, price will usually go the other way. This current situation looks more like a raid on stops, but I've been keeping an eye on the swing at 1.0477 as it is an important one. I believe we're headed for a retracement into 1.0400 maybe? And then we should be seeing some more upside, before we start thinking about parity next year.
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