1.44583 is my entry point several pips below the low of yesterday’s candle, is it better to put it below June 17s daily low? Mine is at June 18s daily low, yesterday. I only opened 1 lot, it became a habit already, I should have opened two lots well its not too late to change it.
I have my entry at 1.444 and my sl=1455, and my tp1=1.4368 and my tp2=1.41769
the only problem I have with eur/aud is the level , I mark my level on 1.6565 , the candle is good but it’s not at this level .
Im with abc on this one,its almost floating and not up to any level,almost but not quite ,time will tell. It would be interesting to know if Jonathan thinks its too iffy.
Do you mean 1.4656? or 1.6565 really?
A very informative thread! Many thanks to all the members here contributing valuable info regarding PA and of course, a huge respect to the TS @Johnathon, I will keep an eye on this thread all the time to make sure I can learn as much as possible from all of you here. Happy trading everybody!
I prefer the 2 bar on the GBP/AUD.
trading on daily charts is by far the best option.
I am on this one two but its now 60 pips on retracement, now hitting june 2 swing point/resistance area hope it goes back down. Is my analysis correct?
I don’t think this will work out, you are trading it from a bad area… the retracment isn’t really deep enough, plus there is no confirmation that it will continue upwards as the high has not broken.
This is an extract from an article in forex factory (We already know that Wall Street manipulates everything (not conspiracy theory, but now open conspiracy fact), but Reuters’ Jamie McGeever exposes the ugly chatroom realities of just how FX traders shared orders, split trades, front-ran clients in million of electronic messages providing fresh evidence of collusion among top currency traders. Traders pooled order details and discussed the ‘spread’ they would offer, “I don’t like this guy…I’d show 6 to good guys but guys like that I’m going to show 7 in future,” the trader added. Unrigged? )the article is called “A Peek Inside The Secret World Of Currency Manipulation” this is a response from a poster,(“3 banks accounted for 30% of the forex market”…now you understand why price doesn’t follow good data/bad data and typically goes against it. The banks can see the orders & flows and use that to their advantage)so now we can see why we don’t trade data but just price action and indeed price action is king.
Hi
I think you are right adamjn
Peace
Another week of trading is coming to a close and i am done for the week. Everyone in this thread have a great week-nd and i will see you next week ready to do it again.
GBP/USD D1
Waiting to go long with trend.
May see a rotation lower into 1.70 area.
Strong upwards trend in place.
Trade is with trend.
At Key horizontal level (KHL)
No valid signal printed yet.(Time will tell)
So if you believe that everything in this market is manipulated, why would price action not be too? It’s foolish to think otherwise.
It’s well-known that big players will often “validate” these price action signals because they know a lot of orders are placed there. That provides a lot of liquidity to fill the large orders of their clients. And then price heads the opposite way.
If I could understand what your trying to say I might be able to respond, if you read what was posted you’ll see it was a quote from forex factory and not my words,the point being don’t follow the news but just price action, which I believe is what Jonathon says ,make of the article what you will, (you can find it on the net) personally I found it interesting, you may not others may or may not. Cheers.
How does this really help them and how would tricking a few price action traders help?