Forex Price Action

[dudest]

@dor4ito

Hi everyone!

I am new to this thread, but I like it very much! I decided to post a picture of an order I have just placed on the EUR CAD daily, please let me know what you think The entry is at 1.4025, bellow are the first and the second targets.

Have a great time trading

Doroteya

Hallo Doroteya!, and welcome!

That was a nice pin on the EURCAD, though counter-trend.

How do you plan to manage around Big Round Number 1.4000 ?

Also, your chart seems to have a SUNDAY candle – no good.
We use 5-day charts whose daily candles close when NY closes ( see post #1 for details )

Good to have you here!

Cheers

[aleksihe]

Anyone still in AUDCHF, CADCHF D1 BEEBs from last week?

I am in CADCHF. My SL is now at 0.8803

[dor4ito]

Thank you very much for the advice, well about the 1.4000 I know it’s a big number, but still want to enter at a good level.

About the chart - can you give me some info about brokers whose charts are ok? So I can have a demo there.

Thank you in advance!

Doroteya

[Kasravi]

Anyone still in AUDCHF, CADCHF D1 BEEBs from last week?

Jumped out a bit early on 8280. Seemed to be somewhat of a trouble maker,lol.
Cheers

[bambino358]

What abou this one?
R:R cca 1:1

[dudest]

Thank you very much for the advice, well about the 1.4000 I know it’s a big number, but still want to enter at a good level.

About the chart - can you give me some info about brokers whose charts are ok? So I can have a demo there.

Thank you in advance!

Doroteya

AxiTrader, HotForex, Pepperstone, etc ( MT4)

RoboForex, etc ( MT5 )

All on Post #1 of the thread.

Cheers!

[EternalNewB]

Normally, if you have more than one profit (TP) target, you split your position x number of times ( total risk same as for one trade as per your trade plan ) and set the different TPs on them.

Makes sense?

.

thanks for the reply, it seems my broker doesn’t have more than one TP target

not a bid deal though

thanks

[dudest]

What abou this one?
R:R cca 1:1

Nice spot! A+ pin IMHO (has just closed)

Cheers

[dudest]

thanks for the reply, it seems my broker doesn’t have more than one TP target

not a bid deal though

thanks

No, that’s not what I meant!

A position has only one SL and TP.

So if you’re targeting several TPs ( on your chart ), you open several positions each with its own different TP and same SL.

Makes sense?

.

[EternalNewB]

No, that’s not what I meant!

A position has only one SL and TP.

So if you’re targeting several TPs ( on your chart ), you open several positions each with its own different TP and same SL.

Makes sense?

.

hehe that was actually the workaround I thought about I said if I can’t have 50% of my position secured at a specific level then I just need to open 2 positions

Glad I thought straight and than you for the support

[dor4ito]

Thank you !

Safe trading !

Doroteya

[EternalNewB]

AUD JPY 4h looks good but it seems it has broken support right ?

[cosminc77]

Hello, friends!

The daily price for NGAS is getting close to an interesting sell area, isn’t it?

[PIPOFF]

Any one catch the ozzy /dollar?

[Kasravi]

Any one catch the ozzy /dollar?

<img src=“301 Moved Permanently”/>

Are you looking for. A setup? Or have you found one?
Cheers.

[chisha]

Yeah I’m in this one as well & it seems to be moving quickly

What abou this one?
R:R cca 1:1

[Diablo1505]

Hey Diablo,
are you shorting this? You have the exact levels marked as me. It looks like it will go lower but I’m concerned about the support area, it’s too close. I’ve been tempted to play it but I’ll just stand aside. Good luck!

Hey Chisha,

Thanks! Actually the GBPAUD looked more appealing to me so i am short on that pair right now since my entry orders got triggered. The resistance level on that pair looked much more solid.

[bigcheefer30]

[QUOTE=“dudest;523433”]

1. Price Action Holy Grail - Support and Resistance

2. http://forums.babypips.com/free-forex-trading-systems/42378-forex-price-action-273.html#post378699

3. http://forums.babypips.com/newbie-island/48482-its-still-not-obvious-me-2.html#post417747

Cheers[/QUOTE]

Drawing support and resistance with line chart first then transitioning over to candles is by far the best method for newbs like me. It is crystal clear to see s and r. Thanks for sharing!

[bigcheefer30]

[QUOTE=“dudest;523470”]

Nice spot! A+ pin IMHO (has just closed)

Cheers[/QUOTE]

Wouldn’t we want to wait for price action around that middle s/r line? If you took the short, you’d be trading right into support…right? :0

[abc2005]

@PIPOFF

Any one catch the ozzy /dollar?

we don’t have any swing to get in , There is nothing for me to catch on this pair