Forex Price Action

r2theb2thec 2015-12-12 06:30:50 UTC #21436

USDCAD
4HR
Trend is Bullish
Looking for PA to go LONG from 1.3625

AUDUSD
4HR
The market is moving within a range.
Looking for PA to go LONG from 0.7182

NZDUSD
4HR
Market is in a range but also seems to have potential for a Bullish trend

Trueman23 2015-12-14 10:29:23 UTC #21437

Aud/USD matches to my analyse i´m in since yesterday at 0,7180 ...trailing stop is now at 0,7230...so the first 50 pips are safe for this week...

Kasravi 2015-12-16 04:38:23 UTC #21439

Usd/Jpy 4h

anyone riding this beast?

Trueman23 2015-12-16 12:21:03 UTC #21440

i were in but my trailing stop kicks in...just little profit
now iam back in the game ...lets see what the fed will bring

Kasravi 2015-12-16 15:32:05 UTC #21441

It's all go!

U/J long

Non stop

Best
Kas

SmartPips 2015-12-30 18:50:16 UTC #21444

This thread is over 2100 pages long.

I want to learn about all the price action techniques discussed here. Is there a summary post I can read?

SmartPips 2015-12-30 19:02:33 UTC #21445

It seems he has not logged into babypips for over a year.

Kevin_LaCoste 2016-01-01 06:32:12 UTC #21446

It seems like he updated his site last month. Dunno why he left Babypips (don't want to start any rumours).

Zak_Zelkova 2016-01-01 16:41:49 UTC #21447

2109 pages with 21,088 posts.

And not a single poster in this thread has once shown a profitable track record.

Don’t waste your time.

awe96 2016-01-04 01:42:47 UTC #21448

Same like Zak Zelkova, i am curious whether there is someone here make continuously profit using this price action rule or not. I am already following this thread rule about 1-2 years. The number of profit is under 40%. Can someone confirm he/she already make continously profit bigger than 70% using this rule ?

priceactionmaster 2016-01-04 08:14:29 UTC #21449

poor customer service, only after your $

ironmine 2016-01-06 07:40:47 UTC #21450

I think this strategy does not work.

I tried to analyze the markets using the suggested principles of price action, and I can see that in the past these kinds of setup are as random as any other.

I also think that the authors of any Forex trading courses earn money selling their courses, webinars, seminars, books, they earn affiliate referral income driving clients to brokers, etc. Anything but Forex itself.

I would be glad if I am wrong though, as I want very much to learn how to make money at Forex, but this is the opinion I came to, after studying this Forex thing for four months now...

It's like professional bodybuilding: the real formula of success is unique genetics + sophisticated steroids. But if you listen to these guys they attribute their success to other things (which they accidentally advertise and sell).

You can see yourself: take any thread in any Forex-related web forum which used to be very active and full of people in the past and 2-3 years from its beginning the thread is dead.

Nabilromeo 2016-01-06 08:09:38 UTC #21451

Never pay for courses for FX.
Never listen to others.
Read un-biased strategies and analysis
Make your own strategy
Test it with real money.

That is my conclusion after 5 years in this market, I have my own strategy and when i try explaining it to people they dont understand and always criticize, my risk is too high, my analysis is biased my SL is too small blablabla. It works, im profitable, I still floating on the market, My heart doesn't get to 20000 bpm every other day, I'm happy and i found a career.

Conclusion is; dont stick to one type of trading (Technicals or fundamentals etc) Just trade, risk what you are able to stomach, you will learn eventually. You will be better at picking entries, you will have trades almost touch your TP and then go to your SL, you will learn to close half position at a certain point, you will experience drawdown and quit on a trade just to see it not touch your SL and turn in to profit, no matter who tells you all this, its not until you experience it that you will learn from it

ironmine 2016-01-07 08:07:27 UTC #21452

Nabilromeo:

Never pay for courses for FX.
Never listen to others.
Read un-biased strategies and analysis
Make your own strategy
Test it with real money.

That is my conclusion after 5 years in this market, I have my own strategy and when i try explaining it to people they dont understand and always criticize, my risk is too high, my analysis is biased my SL is too small blablabla. It works, im profitable, I still floating on the market, My heart doesn't get to 20000 bpm every other day, I'm happy and i found a career.

Conclusion is; dont stick to one type of trading (Technicals or fundamentals etc) Just trade, risk what you are able to stomach, you will learn eventually. You will be better at picking entries, you will have trades almost touch your TP and then go to your SL, you will learn to close half position at a certain point, you will experience drawdown and quit on a trade just to see it not touch your SL and turn in to profit, no matter who tells you all this, its not until you experience it that you will learn from it

Hello Nabilromeo,

It was interesting to read your post, thank you.

Can you please tell me which web resources do you recommend to study? What is your strategy based upon? Do you trade based on price action only or do you use any indicators as well? What do you think about the use of robots?

And also, I am curious, which progress (% per month) do you consider safe and something that a trader should try to achieve without overtrading and taking too much risk?

JanusRichmond 2016-01-15 16:19:26 UTC #21453

Hi guys! Im planning to enter this pair if the pin bar breaks. My profit would be the red line above and my sl right below the pin bar tail. But Im abit uncertain about the traffic I have marked with color. could this be enough traffic to stay out of the trade? would appreciate your thoughts on this

Sorry for the small picture, hope it´s clear enough.

Best regards

micallef78 2016-01-15 19:06:47 UTC #21454

I'm seeing an M pattern and with commodity currencies getting hit hard i think it will probably complete the pattern and bounce at the bottom of the M at about 0.62100 i would be playing it safe and looking for a confirmation candle first. I could be wrong time will tell but that's my thoughts.

JanusRichmond 2016-01-16 04:23:27 UTC #21455

Thank you for your input, seems possible aswell! looking at the 4 hour chart more downside seems more likely (still I think the chances for a bounce is decent if price manage to confirm pinbar on 1D by closing above).

tonyro44 2016-01-16 14:23:32 UTC #21456

I hope you didn't JanusRichmond, You had less than one hour before the market close for the week-nd. Should wait until the beginning of the week because allot of things can happen in the week-nd . Have a great week-nd.

JanusRichmond 2016-01-17 05:28:26 UTC #21457

Thank you for your reply. I´ve tried to find this information in earlier posts in the thread but only manage to find information that I should not trade the last 4h candle (intraday). Is it the same for the 1D candle? Then 20% of the week (fridays) you are not aloud to trade the 1D?

best regards

tonyro44 2016-01-17 10:13:53 UTC #21458

Most of the time traders will not open positions on Friday , they will close them. However if your a long term trader this does not apply . The only time some traders will open a position on Friday is Big news come out and they just wants a quick hit. Usually the most experience traders will do that or someone with a clear plan of action. O'h on another note tomorrow Monday the NY markets will be closed very important for liquidity on the pairs be aware. Take care.