Forex Price Action - Page 271
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  1. #2701
    Chart's i'm looking for.
    NZD/JPY and GBP/JPY.
    I'm wathing for Bearish PA at this level to go short.
    What you think guys?


    Uploaded with ImageShack.us


    Uploaded with ImageShack.us

  2. #2702
    Join Date
    May 2011
    Posts
    102
    Quote Originally Posted by nctrades View Post
    Chart's i'm looking for.
    NZD/JPY and GBP/JPY.
    I'm wathing for Bearish PA at this level to go short.
    What you think guys?

    Uploaded with ImageShack.us


    Uploaded with ImageShack.us
    GBPJPY has bueb in the daily chart. NZD/jpy looks going up still. Just my 2 cents

  3. #2703
    Join Date
    Mar 2008
    Posts
    117
    Hi all,

    Anyone in AUDUSD, AUDJPY, USDCAD or NZDUSD trade? I traded USDCAD and exit target for +70pips!
    Name:  ScreenShot103.jpg
Views: 1918
Size:  54.4 KB

    Regards,
    Toyogo

  4. #2704
    Join Date
    Jun 2012
    Posts
    8
    Yes, I was long on AUDJPY & NZDUSD. Both of them have hit my take profit level.
    Also PB of 23-July has fully hit my take profit level of $1620.

    Name:  AAA.jpg
Views: 1910
Size:  23.8 KB


    Quote Originally Posted by toyogo00 View Post
    Hi all,

    Anyone in AUDUSD, AUDJPY, USDCAD or NZDUSD trade? I traded USDCAD and exit target for +70pips!
    Name:  ScreenShot103.jpg
Views: 1918
Size:  54.4 KB

    Regards,
    Toyogo

  5. #2705
    Join Date
    Feb 2011
    Location
    Latvia
    Posts
    278
    Quote Originally Posted by toyogo00 View Post
    Hi all,

    Anyone in AUDUSD, AUDJPY, USDCAD or NZDUSD trade? I traded USDCAD and exit target for +70pips!
    Name:  ScreenShot103.jpg
Views: 1918
Size:  54.4 KB

    Regards,
    Toyogo
    I took USD/CAD D1. My first T/P target hit and the second portions S/L moved to BE+1. Nice trade!

    P.S. Can dudest, bhops or Johnathon comment this USD/CAD D1 BEEB? Was this a valid trade according to this method aka PA?

    Richard

  6. #2706
    Join Date
    Jan 2012
    Location
    Melbourne, Australia
    Posts
    1,511
    Quote Originally Posted by filipl View Post
    I'm using trading station 2 on fxcm. It allows me watching markets at work if I find a minute and has NY close, what's odd, the same account via MT4 uses midnight ET as close...

    I don't like MT4 as it looks like it was a really old software with some really old user interface design, and not being able to place trades from charts is a vital con for me, I just hate entering stops and TPs manually or even being unable to place TP while placing an entry order and need to add it when your limit order gets hit, I can't afford it as I don't have time to amend it after setting up a trade.

    How do you cope with all of it??

    Edit: and scrolling with mouse wheel instead of zooming! Oh I hate it! Lol
    You can pretty much do all of that above. You can set profits before the trade is hit etc It doesn't matter what charting gear you use though as long as looking at correct charts.

    Johnathon

  7. #2707
    Join Date
    Jan 2012
    Location
    Melbourne, Australia
    Posts
    1,511
    Quote Originally Posted by toyogo00 View Post
    Hi Johnathon,

    I would like to determine how to draw a valid resistance line for either Pin bar or BEEB. Please comment which are valid resistance lines. My take is:
    Pin Bar: R1, R2, R3 are valid; R4, R5 are invalid line.
    BEEB: R1, R2, R3, R4 are valid; R5, R6, R7 are invalid line.

    Attachment 29697
    Regards,
    Toyogo
    Yep pretty much. So for these bearish examples we would need price to close below the resistance area. If price closes above we would be trading straight into a key level which is not the smartest.

    Johnathon

  8. #2708
    Join Date
    Jan 2012
    Location
    Melbourne, Australia
    Posts
    1,511
    Quote Originally Posted by FaRS View Post
    Btw wouldn't it be trading straight into the BRN (@1.2600)? Is it safe doing like this in the long term?

    Richard
    Think your getting your round numbers and very big round number mixed up. The psychological levels are the very big round numbers such as 1.000, 1.0500 or for USDSGD 1.2500 etc

    As this was a round number we have to factor it into the trade and how I factored it in was by setting entry under the round number so entry was taken when the level was broken.

    Johnathon

  9. #2709
    Join Date
    Jan 2012
    Location
    Melbourne, Australia
    Posts
    1,511
    Quote Originally Posted by wafikjabra View Post
    Here is another set up EURGBP 4H, I just got in it now, any comments!!Attachment 29704
    Why are you in this one? It is not yet finished forming and until it is formed we have no idea what it will be. price was trading into traffic and as we would expect price stalled at this traffic.

    EURGBP 4HR CHART

    Name:  TRAV.jpg
Views: 1873
Size:  20.3 KB

  10. #2710
    Join Date
    Jun 2012
    Location
    Central Coast NSW in The land of OZ
    Posts
    147
    c'mon aussie c'mon c'mon .... just sold half my audusd long... at $1.0405... letting the other half run with a profit protection stop in place will dump if i get spooked..

    pw

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