Pure Price Action For Dummies

[QUOTE=“sharebazar;551678”]First trade of the week and made lovely 100 pips on GU pair. <img src=“301 Moved Permanently”/> Holding the EU pair moved SL to 20 pips+.[/QUOTE]

Beautiful entry sharebazar.

Thanks Nikita I need this type of trade every week. I need to learn to hold the trade until TP hit.

Very hard not to take the profit when you see price move on your favour.

Frequently miss the big move because I put my SL to BE to early.

I am glad that I follow your thread and try to learn it every thing you said, every time I read the old post I learn very useful stuff because in the begining every thing gone over my head, now I can see what you want to show us. Still making mistakes but I can see my mistake as well.

Trying not to trade more than 3 trades in a week with different pair.

Any way don’t get usual amount of time for trading any more.

Once againg thanks Nikita for this wonderful thread.

Weekly GU pair looks good place to go short, hope will get good entry on 1 HR or 4 HR candle. But I feel uncomfortable when price move so fast.

What every body thinks about this pair.

[QUOTE=“sharebazar;552159”]Weekly GU pair looks good place to go short, hope will get good entry on 1 HR or 4 HR candle. But I feel uncomfortable when price move so fast. What every body thinks about this pair.[/QUOTE]

I would wait. Price is reacting to us news

It always pays if you listen to the master, no trade today, thanks Nikita for the advice.

Hi Nikita,

Here is a Eur/Usd chart and just would like to be clear on interpreting market bias. I would interpret the daily candle bias and hope if you can correct me if i am wrong. :45:

  1. pin bar, would this be a buy or sell bias?
  2. bearish candle, sell bias
  3. bearish candle, sell bias
  4. bearish pin bar, sell
  5. doji, would this be a buy or sell bias?
  6. bearish pinbar, sell
  7. bearish pin bar at support line, buy bias??
  8. bullish candle, buy
  9. bearish candle, sell
  10. bullish candle, buy
  11. bullish candle, buy
  12. bullish candle, buy
  13. doji candle, buy or sell bias???
  14. bullish candle, buy
  15. bearish candle, sell
  16. neutral candle, buy or sell bias?
  17. bullish candle, buy
  18. bearish candle, sell
  19. bullish candle, buy
  20. bullish candle, buy
  21. bullish candle buy
  22. sell
  23. sell
  24. sell
  25. sell
  26. bullish candle, buy
  27. bearish candle, sell
  28. buy
  29. buy
    30 buy
    31 buy or sell?
  30. buy
  31. pin bar at resistance line, buy or sell??
  32. bearish candle, sell
  33. doji, buy or sell?
  34. doji, buy or sell?
  35. doji, buy or sell?
  36. bearish candle, sell
  37. bullish candle, buy
  38. doji, buy or sell?
  39. doji? buy or sell?
  40. doji again. buy or sell?
  41. bearish candle, sell
  42. bullish candle, buy
  43. bullish candle, buby
  44. pin bar, buy or sell?

thank you! :stuck_out_tongue:

Great vid on trading naked charts

Trading Supply & Demand - YouTube

Hi Aretes you have done a great job my marking all the candle, hope Nikita will explain in details.

Daily bias is very simple to find out, and you have done it right, but you need to watch the market wave and S/R in higher time frame. Daily and weekly TF. It is not possible to get entry in every day.

[QUOTE=“Aretes;553248”]<img src=“301 Moved Permanently”/> Hi Nikita, Here is a Eur/Usd chart and just would like to be clear on interpreting market bias. I would interpret the daily candle bias and hope if you can correct me if i am wrong. :45: 1. pin bar, would this be a buy or sell bias? 2. bearish candle, sell bias 3. bearish candle, sell bias 4. bearish pin bar, sell 5. doji, would this be a buy or sell bias? 6. bearish pinbar, sell 7. bearish pin bar at support line, buy bias?? 8. bullish candle, buy 9. bearish candle, sell 10. bullish candle, buy 11. bullish candle, buy 12. bullish candle, buy 13. doji candle, buy or sell bias??? 14. bullish candle, buy 15. bearish candle, sell 16. neutral candle, buy or sell bias? 17. bullish candle, buy 18. bearish candle, sell 19. bullish candle, buy 20. bullish candle, buy 21. bullish candle buy 22. sell 23. sell 24. sell 25. sell 26. bullish candle, buy 27. bearish candle, sell 28. buy 29. buy 30 buy 31 buy or sell? 32. buy 33. pin bar at resistance line, buy or sell?? 34. bearish candle, sell 35. doji, buy or sell? 36. doji, buy or sell? 37. doji, buy or sell? 38. bearish candle, sell 39. bullish candle, buy 40. doji, buy or sell? 41. doji? buy or sell? 42. doji again. buy or sell? 43. bearish candle, sell 44. bullish candle, buy 45. bullish candle, buby 46. pin bar, buy or sell? thank you! :p[/QUOTE]

Which is ur friday and monday candles?

hi nikita, can we ignore monday and friday candles here ka since i am just using the eur/usd daily to correctly identify bias? :51: oh btw, what leveage for ur acc are u guys using?

[QUOTE=“Aretes;553871”] hi nikita, can we ignore monday and friday candles here ka since i am just using the eur/usd daily to correctly identify bias? :51: oh btw, what leveage for ur acc are u guys using?[/QUOTE]

Its best to leave out friday and Monday candles from consideration since momentum for these two days tends to be out of whack with market sentiments.

Also, i tend to pair daily with weekly, ignoring all candles that are against previous weekly bias, unless its at a S and R area.

I think it would benefit you greatly if you put as much effort into reading and studying about PA (Price Action) and SR (support / resistance) as you have in compiling this list. You quite clearly haven’t even had the decency to read even 10% of this thread. If you had you wouldn’t be asking such a stupid request of Nikita !

yes i ask stupid questions.

Hi Nikita, only start on your thread today, looks good, thanx a lot. Nice to see you havent run away after a few posts. blessings

If only we could all be as clever as you, then we wouldn’t need to ask questions.

I thought Aretes question was cleverly thought out, presented in a way that would bring a lot of value to the thread and could become a default goto for newbies to avoid some of the repeated basic questions.

I’m sorry, there must be some confusion here. Exactly how have I made myself out to be ‘cleverer’ than anyone else? I have read this thread, front to back and it took me 2 months and a lot of note paper. I don’t think that this makes me clever, it just makes me considerate of other peoples contribution.

You may well advocate ‘newbies’ jumping onto the end of a thread that is over 2 years old and asking ridiculous questions. Personally I think it’s disrespectful for anyone to ask this and totally disgusting to commend anyone attempting to do so, just like you have.

Asking the OP in any thread to analyse 40 candles and give a candle by candle opinion is the highest level disrespect and ignorance. I’m not here to police the thread, nor am I here to defend Nikita. If anything, I am defending the levels of respect in this thread that has been adhered to for a very long time.

It’s embarrassing that a Senior Member who is not even a major contributor to the thread feels the need to say anything.

You spend two months reading a thread but can’t be bothered spending 30 seconds reading someone’s question properly before jumping down their throat?

Nikita is a big girl, if she doesn’t want to answer she won’t, if she does I for one think it would be a useful learning tool to be used and referenced in the future.

Did anyone look at the EC pair. Previous weekly candle bullish, yesterday daily candle bullish, so according to the market bias price will go up.

Check the 4 Hr and 1Hr candle for go long.

I will try to post a chart.

EC pair

1hr

That’s because of the news.