Forex Price Action

[aujla17]

Seems ranging but overall trend is up so I rather wait for a swing low bit a high like now

[tonyro44]

Aud right now is a little weak so i would wait a little if you want to go short. Remember though, the trend is your friend.

here’s what i’m talking about:

comments/advice welcome

[Remitu]

Well, my trading plan is still a work in progress, i´m still on demo.
What i usually do is, enter 2 positions, each one with a 1,5% risk, so for each signal, i risk 3%, for the first position, i set a TP, and once reached, i move the SL of the remaining position to BE or some resistance or support away from price and if price keeps moving my way, i just keep moving my sl. to the next resistance or support (depending if is short or long)
My english is also a work in progress so i´m not sure if i explain myself correctly
If not, just let me know an i will make a screenshot with an example.
Also, i´m not sure if it is a viable trade plan… would love to have some feedback on it.

Cheers!!!

Currently at work so i’ll try and post my ideas/suggestions later today

Remitu

[sarbualex]

@Belier

I personally have marked this level for shorts from daily chart, see chart below. Anyway, it’s just my point of view :59:

You are right, it is better the mine. I am waiting to go shorth there too.
Waching closely USD/CAD H4.

[Klenthusiast]

GBPJPY 2 Bar Reversal or BEEB (not sure) forming on H4 at support turned resistance

[aleksihe]

USDJPY 2 Bar Reversal. Is that proper setup what do you think?

1d chart with resistance

4h chart with PA

[eignerdauL]

I set a pending order for USD/JPY on the break of the low of the 2-Bar-Reversal.

Take Profit Targets are marked with orange lines.

best regards

[aleksihe]

@eignerdauL

I set a pending order for USD/JPY on the break of the low of the 2-Bar-Reversal.

Take Profit Targets are marked with orange lines.

best regards

Looks like my plan

[Matthgm]

Makes 3 of us!!

[tomyates]

@Matthgm

Makes 3 of us!!

While this is by no means trading advice, I personally have no interest in selling the USDJPY right now as the Bank of Japan is going to continue to make the JPY as unattractive as it can, working against the value of the currency.

You may chose to ignore this and look simply at price (something I do for almost all other markets), but it also looks to me as if selling the USDJPY now would be trading into support both on the Daily and the H4 timeframes. I think we’ll see this 0.98 level hold as support, as it has done, and we can then look for PA before going long.

Cheers,

[yenny]

Aud right now is a little weak so i would wait a little if you want to go short. Remember though, the trend is your friend.

Well, the trend is pretty obvious here, shouldn’t we wait till the chart touches the support line and wait for PA signal to go long?

[Dekpips]

Well, the trend is pretty obvious here, shouldn’t we wait till the chart touches the support line and wait for PA signal to go long?

Yeah that would make more sense, thanks Tony & Yenny

[eignerdauL]

Current Setups I´m looking at:

EUR/AUD Daily:

waiting for pullback and then looking for longs

AUD/CAD Daily:

pullback + short

USD/CAD Daily:

pullback + short

USD/SGD H4:

this pair is trading in a range with clear and obvious S&R. I´m looking for PA to go short.

NZD/USD H4:

Best regards!

[eignerdauL]

Unfortunately i missed this really nice one:

AUD/NZD Daily:

look at the nice formed BEEB @ this obvious Resistance line (former Support line)

Regards!

[Vinster]

[QUOTE=“eignerdauL;514573”]Unfortunately i missed this really nice one:

AUD/NZD Daily:

<img src=“301 Moved Permanently”/>

look at the nice formed BEEB @ this obvious Resistance line (former Support line)

Regards![/QUOTE]

What indi let’s you post your time frames on the same chart that way?

[eignerdauL]

Hi vinster!

Indicator is called “Recent Candles”

Best regards!

[sarbualex]

Hi, a pin bar is forming on GBP/USD H4, the candle has not closed yet.
Is it a good PA signal to go long or is it the pin bar to short?

[harganoff]

Sort off an odd question but can anyone explain to me what a “roll charge” is? I just looked at my first live trade on the AUDJPY and I had a roll charge everyday I was in the trade. The charge was only like 32 cents or so but it adds up and I’m not sure what it is. I use AxiTrader based in the USA.

[sarbualex]

@sarbualex

Hi, a pin bar is forming on GBP/USD H4, the candle has not closed yet.
Is it a good PA signal to go long or is it the pin bar to short?

Didn’t close within the last candle, must wait for the next one to make a good PA signal:D

[youngmoney420]

@sarbualex

Hi, a pin bar is forming on GBP/USD H4, the candle has not closed yet.
Is it a good PA signal to go long or is it the pin bar to short?

I would say that the pinbar is too short, I am trying only to trade ones that really stand out.

Guys, the problem I am having is identifying the trend, say for example I look at a chart, the past 20 days, the trend is up, then zoom out a bit more and it is up and down, which way do I trade?

And how long of a period do I need to use to class a movement as a trend, I am only trading H4 charts.

Thanks
Adam