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what happens next? Price action training

  • #181
  • Jan 9, 2017 10:27pm Jan 9, 2017 10:27pm
Quoting price777999
{quote} Cheers mate appreciated ,this is a lot to take in and I really know nothing about it ...doesn't thinking about this stuff give you an opinion ? I mean pure price action traders are supposed to have no bias other than price, or not ?
While PA is important it will only ever tell part of the story. I notice you dont have volume on your charts so not sure how you would interpret PA without it.
To truly understand PA you should also be looking at number bars.

You trade effectively you need to build a narrative before entering a position using the following in order of importance:

 

  1. Value
  2. Fundamentals
  3. Sentiment
  4. Wholesale price levels
  5. Price action on multiple time frames
  6. Volume and delta (Supply and demand)

The most important is being able to value an instrument. Without being able to value something properly how do you know if what you are buying or selling represents value?

Boxing clever since 76.
  • #182
  • Jan 10, 2017 12:42am Jan 10, 2017 12:42am
What happens next?

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  • #183
  • Jan 10, 2017 1:15am Jan 10, 2017 1:15am
Hi simond2002,

I'm thinking to go long after break as down momentum is not steep.

Thanks

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Quoting simond2002
What happens next? Screenshot_1.png;2132986 {image}
"The markets can remain irrational longer than you can remain solv
  • #184
  • Jan 10, 2017 1:46am Jan 10, 2017 1:46am
Quoting shyean
Hi simond2002, I'm thinking to go long after break as down momentum is not steep. Thanks 1001 1642.png;2133027 {quote} {image}
Hi shyean,

I agree. Overall, GBPJPY's move is still obviously down on this TF but price is too low for me to sell. Having probed a fresh low, price has formed demand and is currently dealing with SR in the flag.

For now, I'd happily buy any bullish retrace with the right price-action, and target the upper two supply zones. Let's see...

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  • #185
  • Jan 10, 2017 7:40am Jan 10, 2017 7:40am
Quoting copi88
{quote} While PA is important it will only ever tell part of the story. I notice you dont have volume on your charts so not sure how you would interpret PA without it. To truly understand PA you should also be looking at number bars. You trade effectively you need to build a narrative before entering a position using the following in order of importance: Value Fundamentals Sentiment Wholesale price levels Price action on multiple time frames Volume and delta (Supply and demand) The most important is being able to value an instrument. Without being...
the big players can hide their volume so i dont see how that is useful.
  • #186
  • Jan 11, 2017 12:40am Jan 11, 2017 12:40am
Quoting simond2002
That bearish swing point is now breached btw. It's left in its wake a M15 demand zone on EURUSD @ 1.0537'ish.
Conclusion...

At the time of posting, all of the supporting structure beneath EURUSD was intact and this pair could have been bought on the breakout (little up arrow). The main reason I stayed out was time of day. Scalps needs ongoing management and I'm not interested to trade into an all night (for me) Asia session.

Yesterday's retrace was tough trading conditions and I opted instead to trade USDJPY, which was much clearer and cleaner PA.

The retest of 1.0537 has already given a 2R trade on touch.

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  • #187
  • Jan 11, 2017 7:40am Jan 11, 2017 7:40am
what happens next ?
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  • #188
  • Jan 12, 2017 2:22am Jan 12, 2017 2:22am
Quoting price777999
what happens next ? {image}
This
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  • #189
  • Jan 15, 2017 3:04pm Jan 15, 2017 3:04pm
I this this is what happen base on SR PC analysis.
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  • #190
  • Jan 15, 2017 3:07pm Jan 15, 2017 3:07pm
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  • #191
  • Jan 17, 2017 5:53am Jan 17, 2017 5:53am
opss NY suggest no bearish action around red line.
I bet some ppl short around there..??
what gonna happened next push to where?
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  • #192
  • Jan 17, 2017 8:06am Jan 17, 2017 8:06am
Look at daily (your background candles), that red rectangle is reaction to previous level. Not a clean or fresh area on HTF, so needs to go above.

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  • #193
  • Jan 17, 2017 10:10am Jan 17, 2017 10:10am
upside down but A&B they looks almost same to me. it's interesting.
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"A" - a reaction to the fake and the rejection after that
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then "B" - now price is approaching to the fake.
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  • #194
  • Jan 17, 2017 6:18pm Jan 17, 2017 6:18pm
result?
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  • #195
  • Jan 17, 2017 7:40pm Jan 17, 2017 7:40pm
other pairs..
what gonna happened next?
waiting around LO maybe NY for further clue
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  • #196
  • Jan 17, 2017 10:53pm Jan 17, 2017 10:53pm
What happens next?

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  • #197
  • Jan 18, 2017 12:07am Jan 18, 2017 12:07am
Hi Shantala,

I would prefer a short on break of corrective momentum.

Thanks

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Quoting Shantala
What happens next? terminal_2017-01-18_12-21-38.png;2144671 {image}
"The markets can remain irrational longer than you can remain solv
  • #198
  • Jan 18, 2017 6:44am Jan 18, 2017 6:44am
Quoting gembel
other pairs.. what gonna happened next? waiting around LO maybe NY for further clue FFFF.png;2144543 {image}
balhana style..
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  • #199
  • Jan 18, 2017 6:48am Jan 18, 2017 6:48am
FTR on left shoulder.
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  • #200
  • Jan 18, 2017 6:51am Jan 18, 2017 6:51am
Quoting gembel
opss NY suggest no bearish action around red line. I bet some ppl short around there..?? what gonna happened next push to where? e.png;2143733 {image}
yesterday redline= failed
today red line =around NY missed Pullback
hopped in bus as BO buyer
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