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priceaction1 journal

  • #2,141
  • Mar 4, 2017 7:30pm Mar 4, 2017 7:30pm
Quoting priceaction1
eur/usd respect first level.
What does your chart say about eurusd next week.To me, bulls are in as per long Daily bullish and weekly candle as well.

What do you think and what will be your area of interest in other pairs?
Thanks
  • #2,142
  • Mar 4, 2017 8:37pm Mar 4, 2017 8:37pm
at present I see only eur/usd 1.0830-1.0880 is next point of interest. before 15 Mar.
don't predict direction, but dance with flow of water
  • #2,143
  • Mar 5, 2017 8:08am Mar 5, 2017 8:08am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmicroDaily.png Size: 73 KB
  • #2,144
  • Mar 5, 2017 8:33am Mar 5, 2017 8:33am
my bias for eur/usd. a sharp upside @1.0830-70 area, than test new low (bellow 1.0339 area) to wipe out stops and sell limits order. than new up trend.
don't predict direction, but dance with flow of water
  • #2,145
  • Mar 5, 2017 8:41am Mar 5, 2017 8:41am
Before any new trend a sharp new low/high move is occur, we see it @ 1.39xx area test before move down.
don't predict direction, but dance with flow of water
  • #2,146
  • Mar 5, 2017 10:42am Mar 5, 2017 10:42am
Hi priceaction1,
Hope I can join the thread ... And get some knowledge..
Re-Incarnated
  • #2,147
  • Mar 5, 2017 12:04pm Mar 5, 2017 12:04pm
Quoting primejarvis
Hi priceaction1, Hope I can join the thread ... And get some knowledge..
welcome!
don't predict direction, but dance with flow of water
  • #2,148
  • Mar 5, 2017 12:07pm Mar 5, 2017 12:07pm
Quoting priceaction1
{quote} welcome!
Thankx ... Catch you at the opening
Re-Incarnated
  • #2,149
  • Mar 5, 2017 2:35pm Mar 5, 2017 2:35pm
Quoting priceaction1
my bias for eur/usd. a sharp upside @1.0830-70 area, than test new low (bellow 1.0339 area) to wipe out stops and sell limits order. than new up trend.
Hi, just joined and keen to explore further. I'm struggling as to understand why a move to .830 area is expected. The down trend on D1 is still intact. The theory on profit taking by larger players make sense to me for last week, but is it not possible that at .061 the positioning for shorts to .039 will start again from here? If we break the previous lower high at .830 is that not the end of the down trend...? I guess we will all know soon enough, but I'm curious as to why you expect such a big move up before a new LL. Thanks for your thoughts.
  • #2,150
  • Mar 5, 2017 6:48pm Mar 5, 2017 6:48pm
Quoting cashfactor
{quote} Hi, just joined and keen to explore further. I'm struggling as to understand why a move to .830 area is expected. The down trend on D1 is still intact. The theory on profit taking by larger players make sense to me for last week, but is it not possible that at .061 the positioning for shorts to .039 will start again from here? If we break the previous lower high at .830 is that not the end of the down trend...? I guess we will all know soon enough, but I'm curious as to why you expect such a big move up before a new LL. Thanks for your thoughts....
simply 1 if we are at trend change point, smart money already off load shorts and establish long position.
2 you says "If we break the previous lower high at .830 is that not the end of the down trend" classic example of retail thinking now in that case the short stops are just above this point and long limit orders are also above that area. big boys know that so they move price there to fill all and than move down to catch the other side of sitting ducks i.e long stop orders. it is not like that if price move above 1.0830 area it must go high but people think it will so big boys got liquidity point from that area. so just leave it and "dance" with price
don't predict direction, but dance with flow of water
  • #2,151
  • Mar 5, 2017 7:12pm Mar 5, 2017 7:12pm
master source is http://theinnercircletrader.com/Tutorials.htm

and fti teaching doc. https://www.forexfactory.com/showthr...78#post7472078

the thread is https://www.forexfactory.com/showthread.php?t=57639

must read first 200 pages of fti thread to understand the concept of dance.
don't predict direction, but dance with flow of water
  • #2,152
  • Mar 5, 2017 8:15pm Mar 5, 2017 8:15pm
Quoting priceaction1
master source is http://theinnercircletrader.com/Tutorials.htm and fti teaching doc. https://www.forexfactory.com/showthr...78#post7472078 the thread is https://www.forexfactory.com/showthread.php?t=57639 must read first 200 pages of fti thread to understand the concept of dance.
Thanks....I clearly have some research to do...
  • #2,153
  • Mar 6, 2017 7:32am Mar 6, 2017 7:32am
to days trade
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don't predict direction, but dance with flow of water
  • #2,154
  • Mar 6, 2017 7:37am Mar 6, 2017 7:37am
Quoting priceaction1
to days trade {image}
Lovely trade
  • #2,155
  • Edited 8:17am Mar 6, 2017 7:48am | Edited 8:17am
It was counter trade the red line was normal price action i.e from 1.0575 to 1.0590. above that was sitting ducks short stops. market know that they are present over there so she grabe all I was with her too. Technical wise I found this setup is devolved in recent past. all text book shows price should come back from 1.0592 but you know market is alive. she change her habit .
more to come.
Attached Image (click to enlarge)
Click to Enlarge Name: todays trade.png Size: 52 KB
don't predict direction, but dance with flow of water
  • #2,156
  • Mar 6, 2017 8:34am Mar 6, 2017 8:34am
on 1 hour chart of eur/usd see the price reaction @ 1.0624 area.
don't predict direction, but dance with flow of water
  • #2,157
  • Mar 6, 2017 9:15am Mar 6, 2017 9:15am
price shading in progress @ 1.0592-1.0603 Area
don't predict direction, but dance with flow of water
  • #2,158
  • Mar 6, 2017 9:52am Mar 6, 2017 9:52am
and she did it I am long with stop at BE. HOUSE money to play 1 lot.
don't predict direction, but dance with flow of water
  • #2,159
  • Mar 6, 2017 9:54am Mar 6, 2017 9:54am
Quoting priceaction1
and she did it I am long with stop at BE. HOUSE money to play 1 lot.
I see a double bottom rejection in eu .. how much of that is valid I see it valid rejection but will wait for D1 close
Re-Incarnated
  • #2,160
  • Mar 6, 2017 9:54am Mar 6, 2017 9:54am
she love my stop out@BE.
don't predict direction, but dance with flow of water
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