Pure Price Action For Dummies

That is the spirit!!

Hi to All

What brookers are you all using? Happy with the spreads, platform etc? What can you recommend me?
My Demo is on Axitrader with MT4

EUR/AUD Weekly TF

EUR/AUD Daily TF

EUR/AUD H4 TF

I enter this positon because the weekly chart show me the bias is sell and I spot the pullback candle on daily chart.I think that I have open position at the Higher Low based on the downtrend wave.RR is about 1:4.Can all of you give comment to you about my trading?

P/S-FOMC news save me and I close my position when it reach 10 pips although the price still going down.

Nice and easy forecast but I think it is not enough just seeing pullback candle and taking it as primary signal to bearish bias.

I was a bit wary about this trade too. Where is a reversal candle?

I forgot to spot a reversal candle to confirm my entry :frowning: .Currently hold about -10 pips with 4.4 pips spread.

This is fantastic! Thanks so much for sharing this :slight_smile:

pepperstone do a good demo and its NY close

[QUOTE=“fishmoyne1;633296”]Hello everybody, My Aud/Jpy Trade didn’t go so well last Thursday 29th May post no.3674. I actually took h1 pinbar on demo with 1% loss. After looking at Nikita’s recent post I went and looked at monthly time frames. I was just wondering about the Eur/cad Monthly <img src=“301 Moved Permanently”/> Weekly <img src=“301 Moved Permanently”/> Daily <img src=“301 Moved Permanently”/> I know it’s first week in month so probably not best time John[/QUOTE]

Cue to short Aussie Yen is finally here I guess?

As I said, patience. And more patience.

Wait. And if unsure,wait some more.

EU Weekly

EU Daily

EU H4

I’m ready to sell when price action act on resistance level there.

P/S-I am closing this position with 50 pips in the hand

Nikitafx,

Just wanted to say I read the whole forum and I think you were excellent in your
system & explaining it. Thank you so much for your time & expertise!!!

Thank you!

snarlyjack

[QUOTE=“snarlyjack;641229”]Nikitafx, Just wanted to say I read the whole forum and I think you were excellent in your system & explaining it. Thank you so much for your time & expertise!!! Thank you! snarlyjack[/QUOTE]

Just watch the higher TFs more snarly.

Get rid of the smaller ones.
understand why support n resistance come into being.

Thats all there is to it

Hello NikitaFX

What is your opinion on my chart’s analysis that I attached yesterday. I want to figure out whether my setup is correct.

[QUOTE=“izzdin;641255”]Hello NikitaFX What is your opinion on my chart’s analysis that I attached yesterday. I want to figure out whether my setup is correct.[/QUOTE]

Your resistance line seems legit.

Only worry for this set up would be day time frame bias.

GU Weekly

I’m looking for sell entry this week since last week is sell but I’m thinking whether last week candle is just a pullback candle because it’s clear that based on weekly chart the trend is Buy.It has obvious Lower High and Higher High.

GU Daily

GU H4

GU H1

I’m entering sell position after the pinbar is formed at the resistance level based on Daily,H4 and H1 chart.

P/S-Only manage to get 5.2 pips.Get hit by trailing stop :frowning:

ENZD.

Entry late on DTF.

Bias based on Monthly bounce.

Only 2 trades so far this month.

EUR/GBP 48 pips and USD/JPY 49 pips.

1HR EG pair.

1HR UJ pair

[QUOTE=“sharebazar;643035”]Only 2 trades so far this month. EUR/GBP 48 pips and USD/JPY 49 pips. 1HR EG pair. <img src=“301 Moved Permanently”/> 1HR UJ pair <img src=“301 Moved Permanently”/>[/QUOTE]

Welcome to the infrequent traders club!

Hi Nikita glad to be back. Just going through very hard time in life. Did not get enough time to do trading. Just trying to be strong and trying the best to overcome the difficulties. Praying that it will be over soon.

Hi Nikita do you still holding the position on ENDZ pair. Lots of pips…