Hi Perry,
If I may…
By looking at the daily and 4 hour chart, what I gather is that, we have to wait and see what happens in the 38.2 and 23.6 Fib areas. Given the downward pressure on everything vs USD, the area between 1.3180 and 1.3190 could be a good area to get into short.
But then I leave this in the capable hands of Chris and see what he has to say.
Before the capable hands of Chris show us sth. I have seen the action in my view and I would like to say downtrend will continue as it has been reached to a recent historical support area…
Adventures from Doucheland…
Today, I am writing from a cruise ship in the middle of the ocean headed for some caribbean island.
About two hours ago, I walked into the casino towards the end of my night with about 1K, and wanted to play some roulette.
I put down 3 one-hundred dollar bills to start, and begin playing my system to have some fun. Next to me is a grey haired guy in a suit. He puts down $100 and is playing numbers (32) he thinks are lucky (all power to him).
I start winning and my family asks about how im winning. I tell them my system;
I play a combination which allows me to cover 63% of the numbers with a 1.5x payoff ratio. If the random distribution holds, I win 63% of the time, and win 1.5x my bet - which mathematically makes money over time.
As i’m explaining this to my family, the suit (i’m feeling upper east coast, not wall street, but finance for sure), starts laughing. He says, ‘I’m laughing at the logic of your numbers’.
I respond, ‘Yeah…I work with numbers all day, i’m in finance.’
He retorts, ‘Me too, I’m in finance as well.’
I have to ask of course, ‘What kind of finance are you in?’
In a curt way, he responds, ‘I’d rather not talk about it’
I’m thinking, ‘Douche’, and I leave it at that.
He keeps swinging big ([I]ahem[/I]…playing $1 chips, while mine are $5 and $25 chips) for his ‘lucky’ number, while I keep playing the math and my system.
I’m slowly building up my stack while he’s all over the place.
At one point, talking to my nephew I make the comment ‘Forrest from the trees my friend’
He hears me and starts laughing (imo both sarcastically, and slightly entertained).
End result???
-He has to buy back in 2x, maybe makes some money on his third stack.
-Me…I never have to re-buy back in, and end up about +30% in less than an hour
Adventures in Doucheland
Kind Regards,
Chris Capre
Hey Chris,
Say hi to that No. 32 guy, he must be the head of insane finance.
Grix
Hello Guys, its a warm summer monday morning. Finally the last week of a very dramatic month. Of late, with the defined trends, the inside bar has become one of my best formations.
Two trades from this formation in one week, of course from the H4 time frame:
Hi Chris,
Glad to hear that you are enjoying out there. Thanks for sharing your interesting story.
When will you return ?? Safe & joyful journey mate. 
Perry
This is the power of price action trading. Nicely done mate.
Can we be expecting euro usd to end this week/month/quarter red? Maybe around 1283/4? Looks like it is building up momentum. 1328 did not happen. Seems like the bulls are exhausted from the run to 134. Will we see 1275 being tested again? Is it 126 going to be a target or will we expect a weaker rebound at 1275 to 130?
But just now the price is consolidating at around 1.30…, no signal yet…(although the d1 candles looking to go down as u r expecting…)
I have a question to you guys that love price action:
The scenario is on the GBPJPY pair, the H4 chart is signaling downtrend but at the same time the D1 chart of the same candle is signaling uptrend! This is because the D1 chart do not know what is happening on the 24th June since it is only upto 23rd June, right?
So, should we look for a short in this case? or we should think for a short time entry here!
Here is the two image:
Chris’ advice to me when I first posted is no to trade against the trend. .
I shorted euro usd at 1.314 with a sl at 1.315 because it stabbed the 20 ema and returned with a pin bar in the 1h. Aiming 1.2997. SL is just above 20ema and current high just in case I read wrongly
After taking a counter trend on the USD/CHF on the formation of a hanging man formation, the price bounced off the EMA 20, with the MA acting as a dynamic support for the second time and a pattern seems to be forming here. Following it with a small long trade on.
ok I delete my post,no worried
Hey Shiha52, would you mind revising your post and posting the live chart set ups instead of asking us to log into your account. You do understand that this will pose some serious risk on both you and the guys that log in.
Hey All South Africans out there;
As we pray for Mandela, our currency (USD/ZAR) has been on a good run for some time.
After the formation of the pin bar and a confirming candle, we had a chance to grab some pips. This was confirmed by some really impulsive bearish candle there.
Happy Trading guys!
Dany
Shiha52 seems to delete her (I guess so) post Grix! When all these happened? I missed!
Rare currency pairs to follow…sorry! Will have less liquidity too…
Ya I remember this rule too…
Actually I am a new trader I am studying about price action ,last month I continue watch one face book id I think more profitable no loss he deposit fund then he put 2 or three trad High major lot ,I posted his account on baby pips , but unfortunately some one misunderstand me ,
E/U looks like its on a ascending pattern on a down trend. Draghi is gonna speak soon so im prolly gonna be stopped out
