Forex Price Action

[shane]

@ shane - i’m not a senior but

gbpusd weekly - week isn’t over yet : )

gbpchf daily - day isn’t over yet : )

ya I know. Just wonder how if such situation play out, how should we handle it . LOL

[Edmo]

Join me take EURUSD short, minimum of 15 trading days. I will constantly update…

[marketdeal]

@Matthgm

Nice trade - I had my resistance line marked higher so missed it

Don,t curse yourself lucky boy)) The pin bar had a big wick in the trading direction and which shows a bearish pressure.Bear in mind that the best pin bars have little or no wicks on the other side.So you did the right thing by missing that trade.

[Matthgm]

[QUOTE=“marketdeal;515407”]

Don,t curse yourself lucky boy)) The pin bar had a big wick in the trading direction and which shows a bearish pressure.Bear in mind that the best pin bars have little or no wicks on the other side.So you did the right thing by missing that trade.[/QUOTE]

Cheers buddy - another piece if learning for the notebook then!!

[1easypips1]

First week September. Still trades to be played, just realised that the market is clearly in chop. Anyone can notice that by just looking at their charts. Just realise that and trade to the conditions. Trade what you see.

Hello Jonathon. While i was backtesting a system (but it was completely different from this One) i realised that the biggest drawdown came always in the middle of the Year? Can you Tell when the markets usually change to the worse? June? And more Importantly can you explain why? I mean People still go to work during the Summer Arendt they?

[marketdeal]

@Forex_School_Online

Get use to it or find another occupation is the advice I have for you! We do this to make money and not for amusement or take away boredom. If we did I would have quite years ago. It’s all about cash and how much you make at the end of the month and that is it.

This time of year is boring. The markets turn to chop. Look at nearly all of your pairs. They are a see of sideways action. I can guarantee the majority of traders with less than two years experience (in other words they have not been through this part of the year twice yet) will lose money through this part of the year, regardless of whether they are a profitable trader or not. They may make money throughout the rest of the year, but it is hard not to be sucked in at this time of the year when you are a new trader. You see these choppy markets and you think you still have to trade all the time. You fill the need to still trade, trade, trade!

Anyway it happens every year at this time, and every year it picks up again. Trick is to not lose all your money in between the period between now and when it picks up so you have so cash left to cash in when the market is ripe for the picking again.

Johnathon

Yes you are right it,s so boring these days.And specially for those people who never seen such a time period before.It feels like we are out of the business for a long time.I sticked myself to other activities these days because that keeps me away from boredom and in trading boredom and desperation may leads towards crappy trades from the choppy areas.

[ivan7342]

Hello Guys, now there should be no trades due to tomorrow announcement, right?
Anyway, just for learning pourposes, what do you think about this chart?
GPB/JPY, Daily.

It came from a bullish trend, and since April is stuck between support and resistance.
It´s just a bit over my support line, BUEB.
Stop loss should be around 147,90 and Take profit at 152,90, a little below the resistance
I´m not taking it, but just wondering which cons are there…
Thanks!!
Have a safe trading!!

[tonyro44]

I like it , and your giving it space to breath.

@ivan7342

Hello Guys, now there should be no trades due to tomorrow announcement, right?
Anyway, just for learning pourposes, what do you think about this chart?
GPB/JPY, Daily.


It came from a bullish trend, and since April is stuck between support and resistance.
It´s just a bit over my support line, BUEB.
Stop loss should be around 147,90 and Take profit at 152,90, a little below the resistance
I´m not taking it, but just wondering which cons are there…
Thanks!!
Have a safe trading!!

[jackson905]

@Diablo1505

Well, looks like the USOil trade worked out really nicely after the nice 2 bar reversal had formed on the daily. Since I already entered on the 4 hour pinbar I am up +440 pips on 2 positions. I will be closing one now that price is close to the upper resistance level and trail the other using structure based trades (moving the stop up to every higher low that is produced on the way) IF of course price continues up and does not close me our for break even.

Bravo man! :35:

[jackson905]

@ivan7342

Hello Guys, now there should be no trades due to tomorrow announcement, right?
Anyway, just for learning pourposes, what do you think about this chart?
GPB/JPY, Daily.


It came from a bullish trend, and since April is stuck between support and resistance.
It´s just a bit over my support line, BUEB.
Stop loss should be around 147,90 and Take profit at 152,90, a little below the resistance
I´m not taking it, but just wondering which cons are there…
Thanks!!
Have a safe trading!!

Since its not at your support line, you shouldnt consider it. That means there is still space for it to go down. Also, it is against the recent moment.

Although it would very much likely to go up, its not a trade we take. its not an A+ trade.

Cheers!

Jack

[jackson905]

@marketdeal

Yes you are right it,s so boring these days.And specially for those people who never seen such a time period before.It feels like we are out of the business for a long time.I sticked myself to other activities these days because that keeps me away from boredom and in trading boredom and desperation may leads towards crappy trades from the choppy areas.

You are trading live? Just curious. loll

Jack

[andreiirk]

This is my entry for a setup on EURGBP, the reason is:

• After the bignews for GBP, PB occured at swinglow.
• With the trend
• BRN
  SL is at the lowest of PB.
  
  
  
  

[shane]

GBPCHF D1 BUEB , but it seems against the downtrend. So give it a pass? XD

NZDJPY D1 nice BUEB .

AUDJPY , 2 bar reversal , but the resistance line too near, and against the trend. So give it a pass

[aleksihe]

@shane

GBPCHF D1 BUEB , but it seems against the downtrend. So give it a pass? XD

NZDJPY D1 nice BUEB .

AUDJPY , 2 bar reversal , but the resistance line too near, and against the trend. So give it a pass

I also took that NZDJPY. Don’t take that as an affirmation of good trade, because I am still learning this system

[Edmo]

The USDSGD has just recovered from a nearly 2 weeks struggle and will be heading up in the next weeks. Always see the broader picture…

[Edmo]

Also, time to long USDCHF. Always plan for days and weeks. Safe trade.

[Edmo]

Hey guys, did anyone join in short EURUSD… Like Jonathon, am not trading news… Good MM, input patience, days, weeks… Safe trade.

[Matthgm]

[QUOTE=“Edmo;515535”]Hey guys, did anyone join in short EURUSD… Like Jonathon, am not trading news… Good MM, input patience, days, weeks… Safe trade.[/QUOTE]

Yes I’m short EU - may close before NFM

[Edmo]

Well, I will not and gonna hold on at least 2 weeks.

[Matthgm]

[QUOTE=“Edmo;515539”]Well, I will not and gonna hold on at least 2 weeks.[/QUOTE]

My feeling was a long term hold down to about 1.27720 but been caught by NFM before. My felling is NFM will be better than expected but that’s only a feeling.