Forex Price Action - Page 564
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  1. #5631
    Join Date
    Jan 2012
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    1,814
    Quote Originally Posted by OMFGWTF View Post
    Why is the level I marked not obvious to you?
    Hallo OMF...,

    If you are referring to your post #5614: the level you marked is approximately similar to the marked level on my H4 chart (your level is abit higher). If I was looking for PA on H4, that's where I'd look.

    That doesn't mean either of us is right and the other is wrong. The picture just does not add up to me (I don't see decisiveness/direction), and I wanted to explain why I'll be watching from sidelines...

    Did you short off the pinbar(s)?

  2. #5632
    Join Date
    Jan 2012
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    1,814
    Quote Originally Posted by bygjj View Post
    Yes, I got busy with the new work. Thought you were not going to comment. Your comments are always welcome. I still get confused with the 2 BR hehe. Anyway I might just have to trade conservatively. In the 4 hr i spotted a BEEB. TY
    I hope the new work is going well my friend , thanks for the kind words.

    Also saw the BEEB on the H4, but IMHO, it's not formed after any trade-able sort of pullback, thus no space to trade into

    Cheers

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  3. #5633
    Join Date
    May 2011
    Posts
    102
    Quote Originally Posted by dudest View Post
    I hope the new work is going well my friend , thanks for the kind words.

    Also saw the BEEB on the H4, but IMHO, it's not formed after any trade-able sort of pullback, thus no space to trade into

    Cheers

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    I hope so too. My entry is about to be hit, What trade are you on right now. Im still on the NZDUSD. It is going well.

  4. #5634
    Quote Originally Posted by dudest View Post
    I hope the new work is going well my friend , thanks for the kind words.

    Also saw the BEEB on the H4, but IMHO, it's not formed after any trade-able sort of pullback, thus no space to trade into

    Cheers

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    Hi dudest , give me some pair to i have more orders in weeks
    my chart

  5. #5635
    Join Date
    Jan 2012
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    1,814
    Quote Originally Posted by maxryan9999 View Post
    Hi dudest , give me some pair to i have more orders in weeks
    my chart

    Sorry Max, I don't get what you're asking ... kindly re-phrase.

    Thanks

  6. #5636
    Join Date
    Jan 2012
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    1,814
    Quote Originally Posted by bygjj View Post
    I hope so too. My entry is about to be hit, What trade are you on right now. Im still on the NZDUSD. It is going well.
    I'm actually not in any trade right now.

    There was PA on the NZDUSD?! I missed it... Good on you and may it go higher for you!

  7. #5637
    Quote Originally Posted by dudest View Post
    Sorry Max, I don't get what you're asking ... kindly re-phrase.

    Thanks
    Oh , i'm newbie and i don't know what best pairs to trade ? (Example : EU,GU,UCHF,AU or ....v)
    I can't monitor over too much pair in the same time. So i want ask you the best pairs to monitor .

  8. #5638
    Join Date
    Jan 2012
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    1,814
    Quote Originally Posted by maxryan9999 View Post
    Oh , i'm newbie and i don't know what best pairs to trade ? (Example : EU,GU,UCHF,AU or ....v)
    I can't monitor over too much pair in the same time. So i want ask you the best pairs to monitor .
    Aaah, that's clear

    The more liquid a pair is, the better!
    So if you don't want to watch too many, start with the MAJORS (e.g GBPUSD)
    Then as you get more comfy with time, you can add the JPY crosses (e.g EURJPY), then the other crosses (e.g EURAUD)

    NB: whatever pairs you decide to watch, do this as first thing:

    a) go to daily chart
    b) mark two *key* horizontal levels: one above current price, and the other below current price.

    Those are the places we wait for price to reach and produce PA. Once you get comfortable trading on the Daily, then you can check out the H4 (looking for PA at those same Daily levels).

    Also check out this article by Mr J on best forex pairs and timeframes to trade:
    The Best Forex Pairs And Time Frame To Trade

    Hope that helps!
    Cheers

  9. #5639
    Join Date
    Jan 2012
    Posts
    1,814
    Silver ( XAGUSD ) at a key level.

    Hoping a long PA if support holds (a)
    Else if price breaks through, will wait for pullback and short PA (b)

    Cheers


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  10. #5640
    Join Date
    Jul 2012
    Posts
    6
    did anyone here short EURUSD in last 3 hours? well, it's great for you because the price movement is getting lower so fast

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