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Thread: Simple Price Action Trading

  1. 07-27-2012, 06:47 PM #1
    winstonereed
    winstonereed is offline Newbie
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    Default Simple Price Action Trading

    Hello,
    I trade using specific price action based on s/r levels, a few candle patterns and the development of chart patterns. Using these methods I am going to post trades using the price action methods I have learned. But for now it is Friday and time for beer and pizza at my favorite pizza joint. So I hope you will drop in and check out my trades. I don't have trades everyday since I choose only A+ setups mostly on daily charts.
    Check you all later!
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  3. 07-28-2012, 04:55 AM #2
    FringFX
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    looking forward to your posts and some beer + pizza!
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  4. 07-28-2012, 09:26 AM #3
    winstonereed
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    Default Nzdusdh4

    At the end of the week a nice trade presented on this pair. Can anyone identify the trade and why this was a pretty good price action trade?
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    Last edited by winstonereed; 07-28-2012 at 09:30 AM. Reason: Better pic
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  5. 07-28-2012, 09:37 AM #4
    winstonereed
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    Default Gbpnzdh4

    Here is another trade. Price broke out of this pattern. Was this a good trade? If so why?
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  6. 07-28-2012, 09:42 AM #5
    winstonereed
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    Default Usdcad

    Anyone care to comment on this chart?
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  7. 07-30-2012, 11:36 AM #6
    DRA
    DRA is offline Superior Master Contributor and Member
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    Quote Originally Posted by winstonereed View Post
    Anyone care to comment on this chart?
    Name: usdcad%20setup.jpg Views: 247 Size: 53.8 KB
    Looks like it will continue lower. The first test of the past resistance(where my arrow is) did'nt break but now we are having a break lower even outside the channel. I'm bearish at the moment.
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  8. 07-30-2012, 11:43 AM #7
    winstonereed
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    Seems to be respecting the Trendline for now. I agree short to the 1.000 then have to see price action.
    Quote Originally Posted by cadarkitek View Post
    Name: usdcad%20setup.jpg Views: 247 Size: 53.8 KB
    Looks like it will continue lower. The first test of the past resistance(where my arrow is) did'nt break but now we are having a break lower even outside the channel. I'm bearish at the moment.
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  9. 07-31-2012, 08:29 AM #8
    robot16
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    know no bounds of mine joy to see like bingo!!!! post!!!!
    Great to see like this post I'll come again..


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