Forex Price Action

Well, sooner or later Kasravi will be an honorary FX-Man, so I don’t think that’s out of stretch. Maybe we should start calling him Dr. Kasravi? Or Captain Kasravi? Maybe Kasraviman? :smiley:

Cheers,
i did not take this trade, i dont trust the signal under 4H too much, also the price goes near the weekly Ressisstance .

Hey all, anyone got any trade setups going on?

Hi G,

I use daily levels. It was sitting on a great level over at USD/chf too. I traded both as they move pretty much together

Cheers

Hallo Juan,

KHL = Key Horizontal Level

S/R = Support / Resistance

BEEB = Bearish Engulfing Bar

BUEB = Bullish Engulfing Bar

[ Bullish and Bearish Engulfing Bars Introduction ]

PB = Pinbar

[ Pin Bar ]

2BR = Two-Bar Reversal

[ 2 Bar Reversal Price Action Trading Guide ]

If there are any others you need clarification with, just holla back and someone will fill you in

Also actively read through first 50 pages of the thread, you’ll find many answers there as well.

Cheers

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A nice weekend to all!

Cheers :slight_smile:

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you to dude:59:

Hi All,

Some food for thought.

There is always this battle between winning trades and losing trades and the inevitable outcome on Traders account/s.
Just to make things more confusing you see what you thought to be a quality trade going south and the less quality trade that you never took or didn’t invest much in turns out to be the runner.

Can you relate to that? It happens to every trader from time to time. Thus once you see those self destructive emotions coming up telling you that you are wrong or that you can’t grasp the system, you got to stop and remember. Go back to basics! The fundamental aspect of you engaging as a trader and picking a specific system.Remember all that enthusiasm you had in the beginning,endless hours of back testing,inquiring and solution finding. It worked back then and I guarantee you it will do so in the future. In the years to come as a trader these minor pitfalls will only be a fraction of your career.

Hope you found it useful,wish all the best.

I call it a day.

Cheers

Really nice trading Chisha! Really solid pre-trade marked levels is also what stands out as well. Now what first stands out to me about this trade really clearly is a few things.

1: This pin is super clean and sticking down and away from all other price. This is how they should be and when people are always asking or I have to show them when they post their pins stuck back in price not sticking away from price; this is a solid example of pin sticking away from price rejecting a support level.

2: There is a close resistance level overhead.

3: If price can move through this close overhead level, there is a clear room to move into the next logical level which also provides space and could also provide a solid level to move stops up underneath to protect stop as a barrier to start cutting down risk on the trade.

Once price broke the pin we can see price did move straight into this overhead area and did reject it with a bearish rejection candle. Once it made a second move and gained the momentum to push through this area it pushed onto the logical target that you had identified in your post.

Great trading here with this one!

CHFSGD 12HR CHART


Safe trading.

Johnathon

Yes how great is it Dudest is back in this thread and he will be round now hopefully as much as he use to be he tells me!! :35:

If anyone would like to ask any questions about anything that is not of a public nature and not to do with what we are doing here then they can do it either through my email or through babypips. We have gone through over 1,400 pages keeping the discussion to price action only and away from anything to do with course or membership and I intend to do the same.

Johnathon

Price has finally broken out on the S+P 500 daily price action chart. This is inline with the trend and now present traders with the chance to trade with the trend if price works it way back to the price flip support area, Traders could also play continuations if they know how if price does not look like it is going to make it back to the price flip area.

S+P 500 DAILY CHART


Safe trading this week all! Keep an eye out tomorrow for my new video I will be releasing. I will post in here for you all discussing secrets of candlesticks and price action and talks about things such as key candle closes above/below with candle closes, not marking charts with line charts & other tips traders can read through their charts.

Johnathon

Regarding support and resistance lines,you do have to wonder sometimes if its just the human mind seeking logic that we put any s/r line in.Try this on your chart ,put a line on your chart randomly (with your eyes closed maybe) then check if price has bounced of it,I bet you find it has in a few places.So this begs the question are we just fooling ourselves to think there’s a logic there when none exists.Don’t get me wrong I’m not saying I’m definitely right,its just after 3+ years spending large amounts of time looking at charts I am beginning to wonder if I’m trying to find logic in an illogical situation .I know a few people will jump up and down saying I’m wrong but are they really consistently right (I’m pretty good at recognizing the BS merchants now) or have they had a few lucky wins only to lose it all on the next trade.If your a true thinker and not a blind follower there’s nothing wrong with asking these questions,you’d be a fool if you did’ent really.Is it a case of the kings new clothes,(google it if you don’t know the song). I know Johnathon will have an opinion but he has got an axe to grind after all.Saying this though Ive probably learnt more from his thread and method than any other Ive looked at so Id have to thank him for that.Im just not sure Its enough.

Damn man, that’s a pretty logical insight into S/R and everyone has a right to question anything.

Psychologically speaking, humans tend to gravitate to organizaing things that seem to work together. In this case we see this happenning at S/R levels, grouping swings together to form S/R. I do believe that if you randomly place a line on your chart, you would definitely see areas that bounce off of this line and that it would make it thus seem logically placed.

This seems especially true when you move down in time frames AND when you zoom out of larger time frames. The more “information (candles)” you SEE (rather than contained! Ex. Daily), the more chances you would hit this “logical” level at a certain point in time. Maybe not at the recent swings, but definitely at a certain point in time. So yes, that insight is definitely correct in its own right. If you were to do this same tactic however on a larger time frame or zoomed in on the Daily, I would suspect it would not hit as many and as accurately.

I really liked that not everyone is a sheep in here :slight_smile:

Nice insight, Buster.

Actually that is one of the reasons why we use a clean chart and down to two S/R line ONLY when we analyze the chart using FSO method. Heck, a senior like Bryce has no problem to simply draw ONE S/R line ONLY in his personal strategy!

It’s a no secret that there are so many possible S/R lines in any chart. Some S/R lines are major lines, but most you see with your ‘randomly drawn line’ is simply minor S/R lines that you should not even bother when you think about your trade setup. It’s difficult for newbies or when you are not consistently profitable yet, but as you gain more experiences and consistencies in your trade, you will also gain the abilities to value the strength of your possible S/R lines.

BTW, you can be critical about anything, but I strongly suggest not to use somewhat denigrating words like ‘BS merchants’, ‘blind followers’, ‘fool’, and ‘sheep’. If you are not satisfied with Johnathon’s teaching after all, by all means you are free to leave and start your own Price Action thread yourself.

Just my 0.00002.

Hahaha I’m pretty sure we were all blind sheep once upon a time…

Besides, I’m sure it wasn’t meant to harm the thread’s quality but rather to point out for example, that some people come in here to take trades that they see other members post up, without questioning if it fits into their methodology, just because it comes from a reliable source.


usdchf weekly beeb what’s your opinion???

Lots of big support up ahead! You’d probably run into a lot of “wait time” if it does go down.

I expected better of you wm247 so I will refrain from saying in this instance, “so here we have the first BS merchant out of the woodwork”

I don’t think he meant it like that either…can we go back to how nice AUDCAD and AUDUSD is going to be real soon? :slight_smile: