I sure will wait and see. It’s 3.33am in NY and i trade live if i don’t see PA soon i’ll have to sit on my hand.
Its only the 1st hour of London if I am correct. Just watch how volume is rising and which side of the breakout is stronger, coupled with important price levels e.g. daily extremes, option barriers…etc. It should be stronger from this point all the way for the next… 6 hours or so. Then it will start to try and reverse?
LOL I am going by instinct now, without my trading computer.
I can’t even guess now. At the moment it’s like watching paint dry…BORING!
Lol just wait. There are good reasons to do so :
-Its monday. Mondays usually have lower volume
-Its not NY open yet.
-Last friday was a huge NFP shakeout
Stay calm => Stay logical. Trading is boring. But if it pays the bills, I will take it anyday.
My eyes are heavy right now and a nap will do me some good. I know nothing about coding, maybe hanging out here might help. Just wanted to see your strategy at work for the first time but PA won’t let it happen.
Price is trapped between the 20 pip range but it seems there is a good chance it might go up…
Of course i am interested! But as you know i’m a newbie and still trying to wrap my head around this strategy and this forum.
Will be willing to learn and one thing i have got is time. I hope to be a successful trader and it’s good to learn from someone with 10 yrs experience. Don’t even know where the pm button is or even if BP will allow me pm you…
Show me what do you have currently and I might consider. After all, I’ve shown my stuff pretty much a lot here already, so its a give and take.
I get what you mean. I drew another 20 pip box when i didn’t really see a breakout to the down side and used 1.2775 as another extreme
You actually got it ‘right’ here without the indicator.
I really don’t see any upside yet.
I usually watch for PA around support and resistance levels or take signals from FF. I have tried various systems and honestly i don’t believe in them any more. It’s like someone’s watching you, the moment you decide to sell it goes up. Your style is not really a system, rather a strategy that’s why i’m fascinated by it.
Thanks for the compliments.
Actually, I do have a system. But the system is only a part of the overall strategy. Hope you get that part.
1-PA? Define PA.
2-SR Levels? Define SR levels.
3-Take signals from FF? How?
If you don’t mind answering these questions.
thats good Rel about people sharing i read your post few days ago saying that volume is true in 1h timeframe and price is better in daily timeframe but trend is in weekly well av never really been able to define trend in weekly may be levels and i swithc back to daily to enter trades
am using price action on daily timeframes and finding confluence in round numbers.by price action i mean candle stick formations (i think your into higher level of trading than this)
i rem you had said that its important to know why price actions happens but i have no idea but am getting somewhere with PA and daily charts
there some trades i had entered before NFP on fri last week based on daily PA and they still went as per my analysis even after the news hm ever heard that fundamentals are built in the technicals seems true
you mean you dont beleive in PA around resistance levels ? i trade almost same way but from daily
PA is price action.
SR is price action support and resistance. For instance after a breakout price can use previous support as resistance or vice-versa. There are great traders at ForexFacory that freely give out trade ideas, you’ll find them in the commercial forum. james 16, fxadvice etc
I do trade PA around those levels. I don’t believe in mechanical systems and i have seen and used quite a few
Good to hear you are able to see something. Don’t worry about not being able to see weekly trend; its ok. See the daily levels 1st, then sooner or later, you will find some reason to look at weekly levels. Why did I say that? Certain daily levels do affect other daily levels, which can be spotted when viewiing from the weekly level.
Sooner or later, you will have a good approximation of knowing, at least knowing what people believe in the market, and their responses as a participant. Yes, fundamentals are built into the technicals because of this.
But there are ways to measure such fundamentals.
1-Ok, let me clarify. What really is prce action? What do you define as price action? Examples?
2-Yes this is true; breakout price can use previous support as resistance or vice-versa. However, a higher level question I have here would be this : is this statement really true? How true is it? Can it be measured and justified over a huge sample size? What is determined as ‘breakout price’?
3-What if these commerical forums do not exist anymore? What would your response be?
LOL 
… Welcome to the club
This is because many of these mechanical systems have no baseline models built into them. Which takes a lot of work and research to 1-automate, 2-self learn, 3-consider the ‘known unknowns’ e.g. news. bank interventions…etc
Damn. Price going south without me when I called for it. If I’ve taken it, its +15 pips at least.
