Price action swing trading - Page 3
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  1. #21
    Let's take a look at the EurUsd chart

    On the weekly time frame, we see price at a resistant level and likely forming a double top. Buyers beware at this point as sellers are revving up to take over..but the lower time frames will give us more details as to what price is doing.

    2013-12-17_1416 - TheLiberators's library

    See what the daily is saying here

    2013-12-17_1423 - TheLiberators's library

    On the 4hr tf, we see more interesting likelyhood of a bearish run....see chart here

    2013-12-17_1427 - TheLiberators's library

    When we have a squeeze cf on the 4hr time frame, we usually go to 1hr tf to look for a 321 entry. This gives us a suggestion of where the squeeze cf will break out to..and from all indication, its highly likely to give a bearish breakout...see chart here..

    2013-12-17_1435 - TheLiberators's library..

  2. #22
    UPDATE ON EURUSD
    Price did dance (trickishly though) as expected and presently we have taken 2 short positions on EurUsd
    ENTRY 1. was at 1.3740
    ENTRY 2. was at 1.3789

    Stop Loss is at 1.3869
    TP 1 is at 1.3415
    TP 2 is at 1.2754
    TP 3 IS at 1.2118
    Hope this turns out well....

    If you missed initial entry on EurUsd, dont fret yet...Price might give u another opportunity to enter at a good point....
    Will keep you posted as this pair unfolds..

    Quote Originally Posted by pipnailer View Post
    Let's take a look at the EurUsd chart

    On the weekly time frame, we see price at a resistant level and likely forming a double top. Buyers beware at this point as sellers are revving up to take over..but the lower time frames will give us more details as to what price is doing.

    2013-12-17_1416 - TheLiberators's library

    See what the daily is saying here

    2013-12-17_1423 - TheLiberators's library

    On the 4hr tf, we see more interesting likelyhood of a bearish run....see chart here

    2013-12-17_1427 - TheLiberators's library

    When we have a squeeze cf on the 4hr time frame, we usually go to 1hr tf to look for a 321 entry. This gives us a suggestion of where the squeeze cf will break out to..and from all indication, its highly likely to give a bearish breakout...see chart here..

    2013-12-17_1435 - TheLiberators's library..
    Last edited by pipnailer; 12-18-2013 at 11:30 PM.

  3. #23
    Good Morning guys...

    Just a quick one before i dash out..

    The yen pairs are showing interesting signs right now..of top importance to us at Forex Traders Academy is the NzdJpy..
    Double top + squeezy candle formation + Bearish bat formation..etc, we just might see a big drop in this pair...

    Charts and more detailed analysis will come up later....Wish u guys happier pipping....

  4. #24
    Here's the analysis as promised...
    On the weekly time frame, we see a bearish bat complete at a close range to an anticipated resistant point....

    On the daily tf, we see a bearish crab formation complete at same area as the weekly bearish...

    On the 4hr tf, we see a bearish viglo formation...Price gave us a squeeze cf, but no break out yet for us to take a trade...Moreso the squeeze cf range is too wide and not so convenient to trade, so we'd prefer to see a better candle formation for us to go short on this pair.
    Attached Images Attached Images      

  5. #25
    Join Date
    Jan 2014
    Location
    Slovak/Czech republic
    Posts
    12
    I have read your very first post, where you were been writing about price action being the most effective way how to treat the market. Why did you turn into harmonics?

  6. #26
    Join Date
    May 2013
    Location
    Alberta, Canada
    Posts
    77
    Pipnailer .. curious .. what do you use for your charting solution?

    Quote Originally Posted by pipnailer View Post
    Here's the analysis as promised...
    On the weekly time frame, we see a bearish bat complete at a close range to an anticipated resistant point....

    On the daily tf, we see a bearish crab formation complete at same area as the weekly bearish...

    On the 4hr tf, we see a bearish viglo formation...Price gave us a squeeze cf, but no break out yet for us to take a trade...Moreso the squeeze cf range is too wide and not so convenient to trade, so we'd prefer to see a better candle formation for us to go short on this pair.

  7. #27
    Trading becomes easy only after you have put in the hard work required to master the business.

  8. #28
    Well there is different trading method that one can opt for trading.This is basically how I trade along with another similar system.

  9. #29
    Quote Originally Posted by smartpipping View Post
    Pipnailer .. curious .. what do you use for your charting solution?
    I use MT4 platform

  10. #30
    Quote Originally Posted by Adam Ondrejicka View Post
    I have read your very first post, where you were been writing about price action being the most effective way how to treat the market. Why did you turn into harmonics?
    Well, i guess the word 'PRICE ACTION' has different interpretation from traders...to me, harmonics is a component of Price Action...

    Price Action approach to trading, is multifaceted....its like a room with many entrance doors...

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