Forex Price Action - Page 1049
Page 1049 of 2123 FirstFirst ... 49 549 949 999 1039 1047 1048 1049 1050 1051 1059 1099 1149 1549 2049 ... LastLast
Results 10,481 to 10,490 of 21228
  1. #10481
    Join Date
    Jan 2012
    Posts
    1,814
    Quote Originally Posted by Songok View Post
    I have a question to Johnathon do we trade opening gap's? Attachment 49271
    Quote Originally Posted by marketdeal View Post
    Hi johnathon)Today i read your post about NZDJPY on your site where you stated that gaps can be a high probability trades.Well i clearly ignore trades on monday open with gaps because the missing price action confuses me.Can you please enlighten me about how such trades are called high probability trades?Did you take that NZDJPY trade?
    By the way it looks like the markets are getting normal and few pairs are breaking out from the choppy areas.
    I know Johno will address this as well, but please allow me to clear some confusion I'm seeing regarding gaps.

    a) We do not trade gaps on their own. That is, we don't see a gap on Monday morning and simply enter a trade looking for the gap to close.

    b) It's been said in here before that gaps often act as S/R. For example:

    Forex Price Action

    ..We look for gaps to act as S/R and that's what has happened here...
    I read the NZDJPY article as well, and Johnathon did NOT say that gaps can be high probability trades; he said "gap closing trades can present high probability trades when they line up with support and resistance."

    In the NZDJPY trade, the gaps lines up with S/R and then a pinbar was formed. There's nothing new here.
    (i) Gap = S/R (key horizontal level)
    (ii) Pinbar = PA signal

    Hope that explains it. I know when Johno comes back in, he'll tackle it as well.

    Cheers!


    Name:  20130808_usdjpy_d1_gap.jpg
Views: 2608
Size:  22.6 KB

    .

  2. #10482
    Join Date
    Jan 2012
    Posts
    1,814
    Quote Originally Posted by pedramslhr View Post
    ...

    Thanks and sorry for many posts today!
    Keep 'em coming!

  3. #10483
    Join Date
    Jul 2013
    Posts
    245
    hey eveyone
    a question about timezones . My broker timezone is Eastern European Time (EET) Standard Time = UTC+2 (Summer Time = UTC+3)
    and I think these candles are not good for this way of trading .

    I've opened and account in FXpro ans asked them about the timezone . this is the answer :Please note that the time zone set to the MT4 platform is set to GMT+3 and that is not possible to change

    so this is not set to new york either.

    which broker I can open a demo account that its timezone set to Ny ?
    If I want to trade in live account , Can I analysts on the demo account and trade on my other broker real account ?

    Thanks so much

  4. #10484
    Join Date
    Jul 2013
    Location
    Austria
    Posts
    52
    Quote Originally Posted by abc2005 View Post
    hey eveyone
    a question about timezones . My broker timezone is Eastern European Time (EET) Standard Time = UTC+2 (Summer Time = UTC+3)
    and I think these candles are not good for this way of trading .

    I've opened and account in FXpro ans asked them about the timezone . this is the answer :Please note that the time zone set to the MT4 platform is set to GMT+3 and that is not possible to change

    so this is not set to new york either.

    which broker I can open a demo account that its timezone set to Ny ?
    If I want to trade in live account , Can I analysts on the demo account and trade on my other broker real account ?

    Thanks so much

    hello abc!

    The Broker of my real account is also not supporting New York closing candles.
    That´s why i use Axitrader as a demo account for analysing and spotting Setups and then I set the orders on my live account.

    Hope this helps!

    Regards

  5. #10485
    Join Date
    Dec 2011
    Posts
    140
    Quote Originally Posted by pedramslhr View Post
    So is it a valid setup? In fact for me it has everything it should. And if it was closed lower making a smaller shadow I had already set my orders.

    At a swing high and a good level – but the lower shadow makes me reluctant! What do you think?

    Good level on daily chart:
    Attachment 49381

    BEEB on H4?
    Attachment 49382
    hi pedramslhr,

    I will not take this trade either. Because below there around 1.0400 is another high which I fear may act as a support which makes the R/R ratio unbalanced against my favor. I believe this pattern (or case like this) was discussed here last year on this thread and as I recall it noone seemed to enter that trade.

    Now not for this particular one but for our general interest of knowledge on PA here, I'd be glad if experts share their opinions for future trade opportunities of this kind. Thanks in advance!
    Last edited by metin; 08-08-2013 at 08:23 AM.

  6. #10486
    Join Date
    Dec 2011
    Posts
    140
    Yesterday I took a trade on XAUUSD (bullish) between the two levels I marked on the pic attached and closed it today banking 93 pips (coıld be 140 though).

    Now there emerges another one (bearish) but I'm gonna stay out of it due to my margin conditions (4 open positions still running) and also it may try to test 1300 (BRN). Seems better than yesterday's trade though.

    Name:  XAU.jpg
Views: 2574
Size:  21.0 KB

  7. #10487
    Join Date
    Jun 2012
    Location
    Stockholm, Sweden
    Posts
    643
    Now i closed my second position on USOil since it reached the lower resistance level. I really must think about to trade Oil more often.

    In 8 days i've now made a profit of +1217 pips on Oil alone using this method with 2 positions on each trade. Incredible!

    Since we are in a range we could now look at a new PA at this support level.

    Name:  Capture2.jpg
Views: 2503
Size:  28.1 KB


    Like some of you i also got stopped out on the AUDUSD 4 hour setup since price continued north. Now we could look for a ratrace into earlier resistance, now support and see if we get a nice PA to jump on a long trade.

    Name:  Capture23.jpg
Views: 2460
Size:  23.4 KB

  8. #10488
    Bearish pinbar EURAUD short and bullish pinabr AUDCAD long ... AUDCAD already 50% close

    Name:  eurauddaily.jpg
Views: 2473
Size:  48.7 KB

    Name:  audcaddaily.jpg
Views: 2454
Size:  44.5 KB

  9. #10489
    I am using roboforex for chart

  10. #10490
    Join Date
    May 2012
    Posts
    40
    Quote Originally Posted by pedramslhr View Post
    Hell again,

    I see a 2BAR setup on gold and I'm going to trade it. But I do appreciate your opinions too.
    Attachment 49396

    Thanks and sorry for many posts today!
    I think this is invalidated now as it has broken above the setup high. fortunately my sell stop order didn't get triggered.

Forum Sponsors

Similar Threads

  1. Price action
    By allinger in forum Free Forex Trading Systems
    Replies: 11
    Last Post: 05-29-2015, 03:34 AM
  2. Replies: 0
    Last Post: 08-16-2009, 11:50 PM
  3. Replies: 0
    Last Post: 04-23-2009, 01:50 AM
  4. Replies: 0
    Last Post: 04-09-2009, 02:10 AM
  5. Replies: 0
    Last Post: 04-08-2009, 04:50 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
"The less effort, the faster and more powerful you will be."
Bruce Lee