Just doing some diary material in this thread for the time being, and discussion stuff when and as. .
Cheers
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Just doing some diary material in this thread for the time being, and discussion stuff when and as. .
Cheers
slight shift of momentum on gold futures. Bullish momentum spikes could bring more costly prices over 1298.8.
1293-1294 scalp is my current play, provided no volatility spikes.
1278.5 75-76 momentum based. 75ish daily ought to be the first goal if this sells off powerful.
1281s could see action. Not interested for the time being.
Possess a good start to the week
https://forexintuitive.com/attachmen...7859377132.jpg
All I about leadership is HH HL is an up trend and LH LL is a down trendQuote:
Originally Posted by ;
0 20 winning commerce past 2 weeks
even BRLs losses
I'm really confused
like I said once before; in case you are trying to take trades at this stage on your trading career you are going to end up very frued. You have to learn to walk before you can run. The best method to do this can be participate in the thread but at this stage only post analysis.Quote:
Originally Posted by ;
I'll try and make a more meaningful answer for you later but in the meantime remember - trading, even for those who've been doing it a number of years may still be awfully fruing. I've been trying to short EURJPY today. Here's a chart. The circled region is where I took two x B/Es. The confirmed area is where I finally gave up and decided to go to the pub. It is, ironically (and experience through studying PA really told me so at the time) the point at which the final chance to short this pair set up.
Occasionally we have to let it all go. It's all part of the fun. And remember; trading has to be entertaining. As I say, I'll try and address your points a little bit later. For now, it's dinner time in London.
https://forexintuitive.com/attachmen...1717240076.jpg
This is basically what happened last night and today on EURUSD M5. The PA encompasses a lot of what we speak about in this particular thread. I'll try and keep it simple.Quote:
Originally Posted by ;
Last night FOMC pushed up price. First and foremost, we've got a need zone and two x BRLs on this chart. You may understand that the demand zone (that was feeble but legitimate) was tested. A new high was also established. At the time on the chart, I would say leadership was upward.
Https://forexintuitive.com/attachmen...1222296022.jpg
If you think back to earlier discussions you will remember that I commented that after need is tested and contains held (our trade in effect) I personally think about that the zone to be service. On that basis, let's peek at what happens next.
First, the top BRL is inverted, i.e. price breaks back down below, and secondly, the support area fails when price closes below it. At the exact moment, I consider there is an excellent possibility that sellers control this stage of the market. In other words, direction may now be contemplated Down.
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If we remove the former BRLs and failed support zone and only concentrate on brief analysis, we can add a feeble BRL (I say feeble because BRL format for me personally should ideally be a single candle break, however, this market does not always make things simple as we know). Hopefully the reason for putting the BRL here must be quite obvious. If not, take a look on a line chart that leaves on O/C prices.
Https://forexintuitive.com/attachmen...2770110709.jpg
As you know, I have been extremely insistent on the notion that a BRL in this context is NOT resistance. In reality, if you recall, I made the remark a BRL in this context is an area where supply may setup.
The initial zone exchange (in the context of an upward move is marked out to you. I'll refrain from marking out the distribution zone or posting an entry to the second trade. Having said that, all the info is now there on the chart that you work out.
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I got your point, you're talking about here proper Price Action trading! Yes, price action trading doesn't mean just popular candlesticks pattern such as Pin Bar, Inside Bar, Outside Bar! A good proficient Forex trader may make enough money here quite comfortably.
You got it late, the title itself saying concerning price action trading egy will be discussed in thread.
BO after a reduction of up momentum. Simple 1:3
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Which are your ideas EURUSD M5?Quote:
Originally Posted by ;
Does not seem too interesting. I wasn't likely to place a market limit up in the maximum supply zone, but I wouldn't buy it till it gets down to that lower demand level
But I'd see it sitting directly in my trend when I was watching the UJ installation which included to the factors for that commerce.
https://forexintuitive.com/attachmen...1204873925.jpg
That circled region is the point where I posted. Was anticpating the breakout and could have had no problem buying a pullback with all the right PA..
Looks a little different now - much more like a shakeout happening.
https://forexintuitive.com/attachmen...5573632861.jpg
Did you choose that trade?Quote:
Originally Posted by ;
Nope. It's among my favorite setups but I overlooked it by perhaps 1 minute because I continued to do my analysis on other pairs while I waited to get the candle to close. Lesson learned.
Oz,
Is is hoping to break out long?
Who knows... But I'd buy a pullback if it does.
https://forexintuitive.com/attachmen...7616121134.jpg
Gont attempt sell EURJPY this day.
Had a buy on this but only closed at b/e. Honestly can not be bothered holding this late in the day.Quote:
Originally Posted by ;
Thought was to see if it'd run up to near that trend-line. Will monitor but final shop on this pair for the day.
https://forexintuitive.com/attachments/1526428110.jpg
Random question but why do your prices on the sidebar consistently look so big. MT4 right is used by you?
I have full on a buy limit today. Had to do anything else though so I put on a 5 pip monitoring sl. I think I'm getting near the point at which I start investing for income and it is making me kinda nervous. Not that I currently require the income from uncertainty or it myself, but theres still that what if I fail - again query
https://forexintuitive.com/attachments/1526428111.jpg
Yea MT4. No idea why the prices the way they do...Quote:
Originally Posted by ;
What if I fail - again is the age old question. Answer is likely a case of keeping the risk in control and also for certain having a 100% reason behind why people choose the commerce where and when we do. It's a business.Quote:
Originally Posted by ;
Ended up a late one.Quote:
Originally Posted by ;
There was a bearish gap around the daily open. Trade is only a small risk but took the retest. Could be stopped out quickly. Might go another way, however.
https://forexintuitive.com/attachments/1526428112.jpg
T/P @ 130.92Quote:
Originally Posted by ;
Nice one - I overlooked the early Asian retest opportunity...Quote:
Originally Posted by ;
It is testing quite an interesting historical supply on the W1/D1. Will be keeping an eye Daily closes for any bearish signs.Quote:
Originally Posted by ;
https://forexintuitive.com/attachmen...1807993763.jpg
@Rudy
that I think I just realised why occasionally the price scale on some charts looks larger. I display grab the chart to annotate, other times I save the chart as a picture in MT4. Difference seems to lie there.
https://forexintuitive.com/attachmen...6678242735.jpg
This was only based off place and the fact AU appeared like it'd been ranging. So I figured it would be a moderately safe entry back into the chop. I had had my eye.
https://forexintuitive.com/attachmen...1515005608.jpg
Nice Response on GBPUSD! Will definitely be seeing for a retest up there
https://forexintuitive.com/attachmen...1166154934.jpg
USDCHF Buying
The background of USDCHF demoned a willingness to buy on the back of a bullish engulfing Weekly candle. Marking up what's only obvious in hindsight.
H1
https://forexintuitive.com/attachmen...4476266005.jpg
Good one.Quote:
Originally Posted by ;
Daily looks quite interesting too.
https://forexintuitive.com/attachmen...1105861368.jpg
Had a day or two away from the charts weekly. Back to (a basic multi-TF) analysis...Quote:
Originally Posted by ;
Until that W1 is broken, this pair is down for me W1 but I believe we've got to think about this S/R. Price has gathered there and left a demand zone:
https://forexintuitive.com/attachmen...1920633468.jpg
Changing to Daily I see that scenario. As long as the market does not gap over 1.3268'ish on tonight's open we'll have new Daily supply. It all now really depends upon how price reacts at these various zones.
It's in a bit of no-man's land on Daily, however for me personally, technically D1 management is Up. That does not mean to say I would not sell it though. A retest of that provide (in case it prints around the open) can give a wonderful double-top type entrance for shorts. Price may not, however, test provide at all and instead meander down to examine these demands. At that stage, based on how it reacts, I'd look at buying.
https://forexintuitive.com/attachmen...9995469992.jpg
Yea I'd noticed the Oz Opinion onforexintuitivewas Brief. Probably a fantastic time to begin buying it https://forexintuitive.com/attachments/1526427569.jpgQuote:
Originally Posted by ;
The only observation I've re Oz (I do transaction this pair, largely on M15) is the following:
W1
https://forexintuitive.com/attachmen...4601398515.jpg
This is actually the third week it's been at historic supply and even though we have a bearish candle, this alone isn't an indiion to brief my side.
In these types of situations we do occasionally see indiions in reduced TFs. When trying to analyse W1, D1 would be the cheapest I would go:
D1
https://forexintuitive.com/attachmen...6068835702.jpg
There is nothing in this PA that compels me to sell. It might rally from here.
I will just continue trading it on M15 for now. Let us see how Daily plays out this coming week.
For day trading, what, in your opinion, constitutes a trusted way of exit for profitable trading?
1. Some opposite in the time frame you entered.
2. A minimum ratio of reward to risk. With some discretion and variability goven towards pair volatility.
3. A variation of 1. In which some profit e.g. 1/3 or 2/3 is taken in an immediate opposite support/resistance, and rest left to run in context of time frames.
4. Some combo above of either or all.
5. Something else?
Ideally, your choice 3 makes most sense to me since once I enter a trade there is usually a structure to the left I can reference for departure. That structure will be S/R or an opposing untested SD zone. In an perfect world I'd take 1/3 off at S/R, 1/3 off in SD, then enlarge the stop behind new structure for the rest 1/3.Quote:
Originally Posted by ;
Whichever method one applies, I must say it is extremely important to take 2R from the market otherwise trading's not worth the effort. Having said this, it is equally important not to rush out in 2R once the market's certainly offering 4R for instance. That aspect of trade management is a balancing act and I think getting it is more down to experience than anything else.
I am interested, is your H4 trend up or down?
https://forexintuitive.com/attachmen...8645414780.jpg
Produced this informative article regarding Gold about the VSA thread. Do not wish to pollute malcom's work will tie the post in with my own comments.
VSA I think is very interesting - especially in slow markets when the mind can roam. I enjoy the way it is being put to use and it does clearly offer trading signals. Yesterday, but the thing I learned watching Gold (a pair I really don't trade) is that patience and SR/SD remains quite sufficient to draw considerable data from this market to generate a signal.
In the time of this above post my said view on Gold was that it had been long and actually a brief would be contra that direction. Having said that, a signal is a signal, even when it trumps directional view since at some stage, markets constantly flip. Malcolm's signal combined with some basic SR/SD gave a massive trade, although I must say, for me personally, the signal was still based solely on SR/SD. After Gold dropped it set in a normal market behavior with re-accumulation creating demand and a retest for continued a return up.
The moral of this story? As much as VSA presents an interesting viewpoint on the market, for me personally, the goal is still achieved using basic SR/SD patience and principles.
M15 chart for mention:
https://forexintuitive.com/attachmen...4469037999.jpg
I would say down since the break of this level...Quote:
Originally Posted by ;
https://forexintuitive.com/attachmen...2073257584.jpg
Good morning traders.
I've been doing this on 1h htf because I had been busy.
Just exited UJ short trip,over 1300 euros profit reside trading.
My combination was very easy:
Daily timeframe with 1h timeframe.
Always using Daily S/D as direction and 1h to enter on low risk entries with P.O
I open my charts 40min daily before the beginning of the new daily candle,set p.o on s/d level and close to the chart until the following day is over.
The results were so amazing.
https://forexintuitive.com/attachmen...1003136935.jpg
https://forexintuitive.com/attachmen...1854149594.jpg
Nice to see you have finally gotten off these tick charts https://forexintuitive.com/attachments/1526427576.pngQuote:
Originally Posted by ;
Yea, I would agree - leadership at this point I'd have as down due to the reason you gave.Quote:
Originally Posted by ;
Until these two reduced demands are taken out, nevertheless, overall H4 fad, for me personally is still up. If I was shorting LTFs these demands are goals.
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