Forex Price Action

[Kasravi]

@aboda

Hello all,
This is my first post, is this an engulfing pattern?

Hi aboda,

It would help if you zoomed in the candle you are refering to. But the candle which you put a red arrow under is not an Engulfing bar.

'Best

[Kasravi]

@aboda

what about this

Hi again Aboda,

I see your enthusiasm and apetite for PA is big and that is just what you need!
However unfortunately you can’t go zero to hero just like that. Give it a bit of time and take it slow. Read through the key links on each topic on the first page of this thread. then come back and post charts and we’ll be happy to discuss and help you out if you got any questions.

'Best

[Kiwiman]

They say gold is the ultimate safe haven, at this precise moment I will be expecting price to continue up until this Russian issue is cleared up.

I agree. Most pairs are reacting to the conflict news right now, so be careful out there.

kiwiman

[Kasravi]

@maperdel

Hey guys! I’m new here, but I’ve read almost the first 100 pages and the quick guide Johnathon posted - I like this PA method, it’s simple, logical and suits my personality.

One quick question:

Looking at the EUR/USD 4H, we have:

I know this is not a Pin Bar, 2 bar reversal or Engulfing Bar, BUT, this candle shows a ver bearish bar on Resistance…would you trade this setup?

Hi maperdel,

short answer, NO. We don’t go short just because of a large bearish candle. What is clearly visible though is that price broke support level and came back in range. And if support turned resistance level gets revisited we could look for shorts.

I like your Resisttance line.

'Best

[Kasravi]

@hanz0

Watching XAUUSD 1D if BUEB builds up. Anyone else looking for this?

Hi Hanz,

You are contradicting yourself. At one hand you are looking at a possible BUEB (bullish engulfing bar) at the other hand you drew an arrow pointing to go short?

All in all if price manages to close above resistance line than you would hunt for long positions as recent strong momentum would be on your side!

'Best

[Kasravi]

I agree. Most pairs are reacting to the conflict news right now, so be careful out there.

kiwiman

Hi Kiwiman and BA,

Nice seeing you post. I would love to see some charts from you!
As for Ukrain’s retaliation ,or what Merkel thinks and Cameron backs. Or Vlad’s shot at Europe and gas supply supressions…blah blah. Do you see the pattern?

Everince I saw you two gentlemen honouring us with joining PA discussions here. We had Syrian conflict,Us government shutdown…etc. I don’t want to lecture here about NOT posting news as of that you are aware. I want to say that what big investors and market movers do in times of crisis has been well pre planned before you saw it in the news! And guess what, they well know ahead of you and me the outcome and on how to play ball.

There is always a story going on to move price and that’s what we need to make money. The day the market stops moving is when you and me have to rack up!

'Best to you and all fellow traders

[Kasravi]

When Anticipation becomes a Disaster

Hi Peeps,

I couldn’t stop noticing that traders have been going on about their Anticipations about price movements and started marrying those ideas. Another thing I want to talk about is how traders are constantly running into noisy setups. But more to that later.

First of all, drop your guard and hear me out. I’m a trader just like you are and wish nothing more but for you to make big gains. This is not an ego game.

We all anticipate price actions in order to find confirmation in a PA setup. But when should we stop anticipating? When is anticipating harmful? And how far and/or flexible should our Anticipation be? These questions are inevitably hinged to a traders success.

In General when price is moving in an obvious direction either through a confirmed 1-2-3 reversal pattern or an obvious one direction momentum. We instantly know where we stand and what direction we have to trade. Which is with the momentum.

Once price on the charts is revisiting an area of interest such S/R or a flip zone/killzone. We start anticipating a bounce or a breakthrough. The key in our anticipation is that nothing is concrete and we wait until the market shows it’s hand before we make a move.

Where traders can go wrong is when price starts to stall at a level they automatically assume that the trend is over and price is building up momentum to reverse or bounce. Which does not always happen. As a matter of fact in such a situation the initial driving force of price is still with the trend(that’s why counter trend trading can be very harmful).

Another issue traders need to realise is that price anticipation should solely come from raw price charts. Not from indicators topping out, long term MAs nearing in, political escalates or major sentiment changes. Extracting price anticipations from any other source but price leaves a trader vulnerable to sudden PA movements in the live market. That is why a trader needs to be flexible with their anticipating.

Finally, clamped up and noisy charts with one IB after another are situations no decent PA trader should make anticipations. Circumstances like these require self discipline and sitting on the hand until the market shows it’s hands.

Anticipation is key and our very fundament when we want to delve into PA trading. That is why we need to respect it more.

Now furthermore, the other subject is ‘noisy setups’. Below are a few charts which embark on that issue;

Eur/Usd daily

Notice how noisy this chart is and what a trader needs to be cautious about,

This is today’s chart. As visible after todays candle close a couple of hours ago an IB formation has been completed. This should be a red warning for any trader that is anticipating any movement. You do not want to be caught up in an IB! That’s an A+ situation to sit on your hands.

This is a trade some peeps played lately and I was gutted to see many losing their hard earned money,

Despite two PA signals price didn’t manage to push down. That just makes my point stronger ‘you don’t want to trade into IBs!’ I hope traders take that as a lesson and let go of any setups in the future that causes threats such as noise to the left and trading into IBs.

This was a setup I personally played and deemed it to be very safe,

This PA signal was super big and obvious,had zero noise to the left and emerged on a super solid level. That’s how it should be.

My final word. Some traders should minimise or stop investing in FOREX and start investing in themselves. Please for your own sake find a mentor. It makes trading so much easier plus the results are great. It’s a sure fire shortcut in your trading journey and your account will benefit from it.

'Best to you all

[Mr_B_A_Barracus]

[QUOTE=“Kasravi;609316”]

Hi Kiwiman and BA,

Nice seeing you post. I would love to see some charts from you!
As for Ukrain’s retaliation ,or what Merkel thinks and Cameron backs. Or Vlad’s shot at Europe and gas supply supressions…blah blah. Do you see the pattern?

Everince I saw you two gentlemen honouring us with joining PA discussions here. We had Syrian conflict,Us government shutdown…etc. I don’t want to lecture here about NOT posting news as of that you are aware. I want to say that what big investors and market movers do in times of crisis has been well pre planned before you saw it in the news! And guess what, they well know ahead of you and me the outcome and on how to play ball.

There is always a story going on to move price and that’s what we need to make money. The day the market stops moving is when you and me have to rack up!

'Best to you and all fellow traders[/QUOTE]

Hey Kasravi

I hope you are well! Some really interesting stuff you’ve written here, I’m going to have a good read through it. Apologies to all I shouldn’t have posted that about gold on this thread as its news related and I should know better - as you say, it should already be in the price action. I still like to keep a keen eye on this thread and I’m also a member over at FSO, I will endeavour to post more charts.

BA

[fjanos]

…
My final word. Some traders should minimise or stop investing in FOREX and start investing in themselves. Please for your own sake find a mentor…

Or reading Threads like this where everyone shares and learn form each other’s mistake. Keeping a Journal one can learn lot more.

[Kasravi]

Or reading Threads like this where everyone shares and learn form each other’s mistake. Keeping a Journal one can learn lot more.

A mentor is like a personal trainer. which keeps you on track and interactively watches your progress. While simplifying the whole process for you.

Reading a thread can help you only so much. To be exact, it can help you as much as you are willing to help yourself. There is still a downside to it which is simplifying. A mentor gives instructions when needed wherever needed. You cannot do that yourself. It is inarguable that most traders can cut the learning curve with a mentor.

[tonyro44]

The reason why so many people look and try to learn from threads like this , is because they don’t have the necessary funds to pay the hefty price that many mentors charge.

A mentor is like a personal trainer. which keeps you on track and interactively watches your progress. While simplifying the whole process for you.

Reading a thread can help you only so much. To be exact, it can help you as much as you are willing to help yourself. There is still a downside to it which is simplifying. A mentor gives instructions when needed wherever needed. You cannot do that yourself. It is inarguable that most traders can cut the learning curve with a mentor.

[abc2005]

thanks Kasravi
the articles was great specially the IBes.

Good luck

[cyanidez]

[B]When Anticipation becomes a Disaster[/B]

Hi Peeps,

I couldn’t stop noticing that traders have been going on about their Anticipations about price movements and started marrying those ideas. Another thing I want to talk about is how traders are constantly running into noisy setups. But more to that later…

Hi Kasravi, man that was a great write-up, thank you for taking the time. It’s super refreshing to read a post written in a sober and realistic way. It’s pretty amazing how having a solid foundation in only these few points you touched can make all the difference in a trading equity curve.

Cheers!

[buster48]

[QUOTE=Kasravi;609324][B]When Anticipation becomes a Disaster[/B]

Hi Peeps,

Finally, clamped up and noisy charts with one IB after another are situations no decent PA trader should make anticipations. Circumstances like these require self discipline and sitting on the hand until the market shows it’s hands.

Hi Kasravi,having returned to this forum after some time ,seeing your mention of IB candles on your charts could be confusing,Ive always thought of IB candles as inside bars which clearly these are not,care to explain,nice post anyway so thank you for that cheers.

[Kasravi]

[QUOTE=Kasravi;609324][B]When Anticipation becomes a Disaster[/B]

Hi Peeps,

Finally, clamped up and noisy charts with one IB after another are situations no decent PA trader should make anticipations. Circumstances like these require self discipline and sitting on the hand until the market shows it’s hands.

Hi Kasravi,having returned to this forum after some time ,seeing your mention of IB candles on your charts could be confusing,Ive always thought of IB candles as inside bars which clearly these are not,care to explain,nice post anyway so thank you for that cheers.

He,

Sorry if I confused you, but IB means indeed inside bar. maybe I confused you by pointing at the housing candle on the charts.

Hope that cleared it up

'Best

[cyanidez]

@Kasravi

…

This is today’s chart. As visible after todays candle close a couple of hours ago an IB formation has been completed. This should be a red warning for any trader that is anticipating any movement. You do not want to be caught up in an IB! That’s an A+ situation to sit on your hands.

This is a trade some peeps played lately and I was gutted to see many losing their hard earned money,

…

Hi Kasravi,

I might just be pedantic but this isn’t an inside bar. I have a clear 7 pips difference between the last two bars’ highs on the bid price. Still, your points regarding IB’s in the middle of ranges etc. remains valid

Cheers

[Kasravi]

The reason why so many people look and try to learn from threads like this , is because they don’t have the necessary funds to pay the hefty price that many mentors charge.

Hi Tony,

I’m glad you said that! Paying a mentor can be costly. Doesn’t have to be though.
One really good point the book ‘instant millionaire’ made and I try not to spoil it was that people are afraid to ask. Write to pro traders and just ask to get mentored!

After all if you have a nose for investments, you should know investing in yourself is crucial. Seeking out a mentor not only for beginners but for traders that already have a good base is part of refining trading skills.

'Best

[Kasravi]

Hi Kasravi,

I might just be pedantic but this isn’t an inside bar. I have a clear 7 pips difference between the last two bars’ highs on the bid price. Still, your points regarding IB’s in the middle of ranges etc. remains valid

Cheers

Hi Cyanide,

I used pepperstone charts and on those there are three very obvious inside bars all housed in the big candle I pointed at.

Hope that helps.

And thanks for your kind words.

'Best

[learningpips]

How do i fined mentor ? Does that mean subscribing to the one of the paid gurus ? I am looking for a mentor but how do i find it ?

[darthfrancis]

[B]When Anticipation becomes a Disaster[/B]

Hi Peeps,

I couldn’t stop noticing that traders have been going on about their Anticipations about price movements and started marrying those ideas. Another thing I want to talk about is how traders are constantly running into noisy setups. But more to that later.

First of all, drop your guard and hear me out. I’m a trader just like you are and wish nothing more but for you to make big gains. This is not an ego game.

We all anticipate price actions in order to find confirmation in a PA setup. But when should we stop anticipating? When is anticipating harmful? And how far and/or flexible should our Anticipation be? These questions are inevitably hinged to a traders success.

In General when price is moving in an obvious direction either through a confirmed 1-2-3 reversal pattern or an obvious one direction momentum. We instantly know where we stand and what direction we have to trade. Which is with the momentum.

Once price on the charts is revisiting an area of interest such S/R or a flip zone/killzone. We start anticipating a bounce or a breakthrough. The key in our anticipation is that nothing is concrete and we wait until the market shows it’s hand before we make a move.

Where traders can go wrong is when price starts to stall at a level they automatically assume that the trend is over and price is building up momentum to reverse or bounce. Which does not always happen. As a matter of fact in such a situation the initial driving force of price is still with the trend(that’s why counter trend trading can be very harmful).

'Best to you all

Hey Kas, thank you for taking the time to write that, A lot of great points, It’s hard staying on the path and takes a lot of discipline. The way I look at trading now is trying to be a pro sport man, Alot of training, (reading and screen time), discipline (carrying on when times get hard or when you lose hope) and analysising your performance (journal) and practice with people that are better than you (senior traders), then if you stick to your plan then you will be paid like a sports star lol.

Anyway really glad to have you about again. And an early congrats on the FX-Men status!

Darth