Pure Price Action For Dummies

[anishrei]

oh yes! I have learnt my lesson well on NFP Fridays. I didnt open my mt4 today.

If it is not friday today it will be good to buy AU pair.But on friday anything can happen.

[anishrei]

Thank you!

But funny… I cant find EUR/AUD on my market watch… -_- I wonder why… I am using MT4. Demo account for now.

EA pair is good to get decent amount of pips when you have a good entry.

I check almost every pair, when I see price action and candle stick forming according to the method I keep monitoring until I get my entry price. Most of the time I don’t open the position because of day,time, volatality and SL etc.

Only thing matter is valid entry according to the method, you can trade any pair.

I have checked with most of the pair, exotic pairs are less favourable then the majors and majors X.

[Nikitafx]

Aussie fed me for the week.

[Aretes]

Aussie fed me for the week.

totally missed that :19:

[Aretes]

Hi Nikita,

1. Is Eur Usd pair on weekly chart going for a bpc so that we can short?

2. Looks like GBP Usd on weekly is stalling, could be a double bar reversal?

3. pin bar on current aud usd, bpc too?

4. usd chf looks like on the way down too, with the small pin on it

all that is said, i am still having trouble trying to look at weekly chart. wasnt much signal though. was looking for the wicks and candlestick patterns on weekly charts. wave patterns on h4 and daily charts. wasnt much progress though.

[krafty]

shorted aud against usd, waiting for it to hit, according to fibonacci support at 0.8772???

possible…what do you guys think?

now is 5:15AM GMT

[Nikitafx]

[QUOTE=“Aretes;588645”]Hi Nikita, 1. Is Eur Usd pair on weekly chart going for a bpc so that we can short? 2. Looks like GBP Usd on weekly is stalling, could be a double bar reversal? 3. pin bar on current aud usd, bpc too? 4. usd chf looks like on the way down too, with the small pin on it all that is said, i am still having trouble trying to look at weekly chart. wasnt much signal though. was looking for the wicks and candlestick patterns on weekly charts. wave patterns on h4 and daily charts. wasnt much progress though.[/QUOTE]

I am not sure what I am seeing as none makes sense to me at the moment.

Im still watching.

[sharebazar]

I am watching GU to go long, waiting to get good price to open the position. What every body thinks about this pair.

Last Month, last weekly and yesterday was buy.

[tonyro44]

On GU the weekly chart is showing a bearish engulfing pb and there is allot of movement right now on that pair.

I am watching GU to go long, waiting to get good price to open the position. What every body thinks about this pair.

Last Month, last weekly and yesterday was buy.

[Amanfx]

Hey All… how is everyone doing??

GU seems to be bearish…

[Aretes]

woah eur/aud nice wave, nice pin bar, 200 pips…anyone caught it? was it triggered by news event? oh it was the employment change.

[Nikitafx]

End for this week.

Total

• 50 Aus Dollar ( sad news )

• 32 Aus Dollar
• 110 Pound Dollar ( happy news ? )

Still a positive week, despite it being a slow one.

Pound Dollar Hour 1 Time Frame
Yes, Friday, shouldn’t trade. But I am the naughty one!
Entered the trade hoping to hold it over the weekend.
Opened the charts on the way home and decided to collect, especially since I was still red for the week and that was not good for my weekend.

I will try to find an entry on Euro Aussie and share it here if I am sure of its directions.
The pip count per move is good.

Until than, have a nice weekend.
Crack open the crates.
The Pin Bar. ( The lousy half of NikitaFX. )

[sharebazar]

Nikita very good trade on GU, I was waiting to get in 1.6300 jut missed my entry with 2 pips. But never mind, for me it is also positive week.

Don’t trade on Friday but it is good to open few times with small SL, if the trade setup is good. Just following the master.

Managed to get short on EUR/GBP.
Just hit my TS with 51 pips.

Daily TF

1HR

[Nikitafx]

[QUOTE=“sharebazar;590097”]Nikita very good trade on GU, I was wating to get in 1.6300 jut missed my entry with 2 pips. But never mind, for me it is also positive week. Don’t trade on Friday but it is good to open few times with small SL, if the trade setup is good. Just following the master. Managed to get short on EUR/GBP. Just hit my TS with 51 pips. Daily TF <img src=“301 Moved Permanently”/> 1HR <img src=“301 Moved Permanently”/>[/QUOTE]

Beautiful trading sharebazar!

Entry signal u picked was really nice.,

[Amanfx]

Nikita
Weren’t you bearish on the GU ??
GU chart was showing a lot of bearish momentum… at least that is what it seemed to me…
Is it the indecision candle you took to go long?
Thanks

[Nikitafx]

[QUOTE=“Amanfx;590204”]Nikita Weren’t you bearish on the GU ?? GU chart was showing a lot of bearish momentum… at least that is what it seemed to me… Is it the indecision candle you took to go long? Thanks[/QUOTE]

Thats not my trade Amanfx. Its my husbands. We have agreed that if he posts on this thread, he will sign off at the bottom with the word Pin Bar.

Now this trade was suppose to be held over the weekend. That is because weekly chart is as follows.

The price extremes are marked out by the blue arrows.

I am waiting for a weekly pullback to those areas before buying.
The reason why he jumped the gun and bought is because what he saw on DTF.

Yesterdays candle touched the weekly support and formed a pin bar.

He than identifies another level on DTF as follows.

So now he has a range area.

Second reason he took the entry on friday is the entry that formed on H4 as the following chart shows,

His entry was on the first arrow from the left. The SL is the lower low on H4 chart.

The idea is extreme moves of news effects has to also reflected and obey PA. So on hindsight, the news effect would not have spiked to breach lower than what has been identified as very exact, key support and resistance level on WTF.

Arates, the WTF S&R marking is a great example of price extremes you asked me about last week.
These are good areas to put in pending orders especially when there has been a breakout above or below those areas.
Often, price will fill it to the precision of a few pips and it rarely comes back and touches that level again.

Hope I had explained the idea behind it.
I dont like breaking rules because I find its not worth it.
My husband takes calculated risks more than I.

Long story short Im negative 50 odd pips this week because I have not traded since I took the bad AU trade.
He has all the bragging rights this week.

Have a good weekend all.

[tonyro44]

I really like the way your husband trades, the idea of sometimes breaking the rules. Sometimes there are good reason to do something different, i know that most people in this thread don’t agree.

Thats not my trade Amanfx. Its my husbands. We have agreed that if he posts on this thread, he will sign off at the bottom with the word Pin Bar.

Now this trade was suppose to be held over the weekend. That is because weekly chart is as follows.

The price extremes are marked out by the blue arrows.

I am waiting for a weekly pullback to those areas before buying.
The reason why he jumped the gun and bought is because what he saw on DTF.

Yesterdays candle touched the weekly support and formed a pin bar.

He than identifies another level on DTF as follows.

So now he has a range area.

Second reason he took the entry on friday is the entry that formed on H4 as the following chart shows,

His entry was on the first arrow from the left. The SL is the lower low on H4 chart.

The idea is extreme moves of news effects has to also reflected and obey PA. So on hindsight, the news effect would not have spiked to breach lower than what has been identified as very exact, key support and resistance level on WTF.

Arates, the WTF S&R marking is a great example of price extremes you asked me about last week.
These are good areas to put in pending orders especially when there has been a breakout above or below those areas.
Often, price will fill it to the precision of a few pips and it rarely comes back and touches that level again.

Hope I had explained the idea behind it.
I dont like breaking rules because I find its not worth it.
My husband takes calculated risks more than I.

Long story short Im negative 50 odd pips this week because I have not traded since I took the bad AU trade.
He has all the bragging rights this week.

Have a good weekend all.

[Nikitafx]

[QUOTE=“tonyro44;590267”]I really like the way your husband trades, the idea of sometimes breaking the rules. Sometimes there are good reason to do something different, i know that most people in this thread don’t agree.[/QUOTE]

The monkey see monkey do was his idea.
But for the purpose of sharing the concept and promoting PA to new members here, a set of rules that should not be bent is important until they see the concept behind it.

Otherwise it will be all over the place with people trying to make sense of it with additions to the method.

[tonyro44]

Actually i do agree with what you just said, it does make allot of sense, " for the purpose of sharing the concept and promoting PA to NEW members here ". Nikitafx

The monkey see monkey do was his idea.
But for the purpose of sharing the concept and promoting PA to new members here, a set of rules that should not be bent is important until they see the concept behind it.

Otherwise it will be all over the place with people trying to make sense of it with additions to the method.

[sharebazar]

Beautiful trading sharebazar!

Entry signal u picked was really nice.,

Thanks Nikita for the comments.

Really like your husband explanation.

Please say hello to him, and ask him to come to this great threads when ever he gets time and englight us with his experience.

Best regards to your family.