Understanding Price Action by Chris Capre

2ndSkiesForex 2014-11-11 15:51:21 UTC #3566

Seriously boring market
only had 2 trades this week (sigh).

Sure, am profitable on them, but still slow week. hopefully volatility starts to pick up a tad as indices are just sauntering along

JPY pairs have most of the action now

Target_Trader_FX 2014-11-12 23:12:36 UTC #3567

Hey Brendad how’s it going ?

Well yes the EU has been quite boring lately, but I am always finding other opportunities in other pairs…just grabbed + 90 pips on EUR/JPY yesterday following the break out and continuation of the trend yesterday just before London open… ,but too bad I was up by about 160 pips and finally gave back 70 pips because I just like to keep trailing my stop and never set a TP lol … but no problem…sooner or later ,I know I will be able to catch the BIG moves and following these big moves will give big rewards… patience is the key mate

Target_Trader_FX 2014-11-13 00:17:25 UTC #3568

Hello,

Just noticed EUR/USD is forming a Triangle on the 1H chart, main trend of course is down ,so there could be a possible breakout scenario soon , maybe after the important news events tomorrow …

What do you think Chris ? Is it better to wait for the news announcement and trade the breakout following news results ? Or just put a pending order somewhere near the blue lines ?

perryfx 2014-11-13 08:42:32 UTC #3569

Hey Mate,

I am looking for the same opportunity. I also prefer to wait for the announcement. But will closely monitor Price Action.

perryfx 2014-11-13 08:46:16 UTC #3570

AU is another pair I am watching at the moment. Currently trading near R level and expecting a breakout or reversal. Price action still bullish on lower charts. Don’t have an idea to take any trade now.

Target_Trader_FX 2014-11-13 17:26:55 UTC #3571

Well yes this is a major resistance line, and this same level is also the 200 EMA of the 4H chart … But I do not think the bounce or break will be significant when all eyes are on the Retail sales news report tomorrow… better wait and see

brendad 2014-11-16 09:07:44 UTC #3572

So So week for me :D. Let’s see how this week gonna deliver us ? Expecting more comments from Chris. See you around guys. Happy weekend.

Target_Trader_FX 2014-11-17 18:42:32 UTC #3573

Hey Brendad,

Good you had a great week . Good thing is that after the Retail sales report, eur/usd broke out of its Triangle range , but there was a fake out at first to the downside, and then it broke out strongly to upside… I hope you didn’t catch the fake out lol …I was lucky not to take this trade… but well anyways the key is to keep the risk at a minimum…

Cheers

Target_Trader_FX 2014-11-17 18:55:08 UTC #3574

Hey guys,

There is a very nice ascending channel that has been formed on USD/JPY 1H, since last week. The trend has weakened and I think it is time to play the bounce from the downside :D…since main trend is still to the upside… I actually took the bounce from this morning ,following the 2 pin bars that occurred at around 115.600 level… Still trailing my stop…
But exit is still some kind of an issue for me, should I keep trailing my stop until I am stopped out or exit at the top of the range ? what do you guys think is the best exit strategy ?

So in short, I will only look to buy when the price reaches an extreme level and wait for some pin bars for more confirmation…

tonyro44 2014-11-17 19:15:50 UTC #3575

I would keep going until it starts to turn or if there is major new coming out that might affect the pair. Good going Target Trader FX make those pips.

Target_Trader_FX 2014-11-17 19:45:37 UTC #3576

Haha, yes I will try that this time… I am using a 20 EMA as my trail stop method, it is good sometimes as it keeps following the price closely, but at times when this is a sharp drop in price, you will end up giving back about half of the profits…and that is bad lol … btw … there is a EUR/GBP setup on the 4 H chart… it looks like it has hit the upper trendline and is ready to go down all the way … Check this out mate

tonyro44 2014-11-17 21:13:04 UTC #3577

Target Trader FX i never use a EMA for that because all they are always lagging , i preffer to use a trailing stop .

brendad 2014-11-18 11:49:56 UTC #3578

Hello Guys,

What’s up ? EU again in bull run. Have a small long targeting 1.2570 area.

brendad 2014-11-19 08:52:00 UTC #3579

35+ pips up at the moment. Will close 50% .

Target_Trader_FX 2014-11-19 18:18:42 UTC #3580

Nice entry mate ! … I like how price action squeezed to the upside and bounced back from the broken resistance… but too bad it was short lived… it hit the 4H 200 EMA to the pip and bounced back down! … that is why I usually prefer not going against the 4 hour trend …if 1 H and 4 H agree ,then I consider taking the entry… well that’s my opinion anyway

perryfx 2014-11-20 08:54:00 UTC #3581

Nicely done here. I missed the opportunity yesterday. Hope you closed it at the top

perryfx 2014-11-20 08:56:45 UTC #3582

Missed the EU long opportunity yesterday. There is always a market tomorrow. So got it today.

Was lucky got away from stop loss hunting. LOL

perryfx 2014-11-20 08:59:21 UTC #3583

Missed Chris with his valuable analysis. But he did a great video on a new strategy. Here it is

Target_Trader_FX 2014-11-20 18:11:48 UTC #3584

Haha yea …with all those nasty pinbars… I would stay away from charts like one lol… no trade is my best trade sometimes

cams75 2014-11-21 04:57:38 UTC #3585

Thanks for posting. Great video.