Thanks Guys

GladmanGoddey:
Will be dropping signals here from next week.
For free
Trade at your own risk.

drop away we dey your back

PIPnator:


That pair and some other JPY pairs are currently on my watchlist.
Here is whats I feel about it.
USDJPY..
Possible trades on 1hrs and 4hrs

Look at the picture you posted below,
When price approach the support yellow line, you placed two arrows that usdjpy will either go up or down.

How do you decide which of the detection to choose ?

Thanks

Here is the picture

Padyautos:


Look at the picture you posted below,
When price approach the support yellow line, you placed two arrows that usdjpy will either go up or down.

How do you decide which of the detection to choose ?

Thanks

We dont actually decide on which one to trader rather, we trade based on what price does.
In this case, when price gets to that support area we wait for confirmation to either buy or sell.
The confirmation to buy will be, if price fails to breakout from the support/ascending trendling. Then it means, its a strong support area. To confirm its a strong support area, there has to be multiple candles (higer time frames candles 4hrs/daily) closing above the support/ascending trendline without closing below it.
But if eventually price (candles) closes below the support/trendline (in this case, if there is a breakout from the ascending trendline), then its a weak support area and you should be looking for a sell. To sell in that area, be sure of the break out (candle of higer timeframe closing below), then wait for a retest of the breakout area and also for price to hit a resistance and then sell from there.
Hope this makes some sense.

Padyautos:


Look at the picture you posted below,
When price approach the support yellow line, you placed two arrows that usdjpy will either go up or down.

How do you decide which of the detection to choose ?

Thanks

Hope this helps too..


Yellow: Support turned resistance
Red: Breakout
Blue: Retest to the resistance
White: Sell

PIPnator:


We dont actually decide on which one to trader rather, we trade based on what price does.
In this case, when price gets to that support area we wait for confirmation to either buy or sell.
The confirmation to buy will be, if price fails to breakout from the support/ascending trendling. Then it means, its a strong support area. To confirm its a strong support area, there has to be multiple candles (higer time frames candles 4hrs/daily) closing above the support/ascending trendline with closing below it.
But if eventually price (candles) closes below the support/trendline (in this case, if there is a breakout from the ascending trendline), then its a weak support area and you should be looking for a sell. To sell in that area, be sure of the break out (candle of higer timeframe closing below), then wait for a retest of the breakout area and also for price to hit a resistance and then sell from there.
Hope this makes some sense.

You are the boss
Thanks

PIPnator:


Hope this helps too..


Yellow: Support turned resistance
Red: Breakout
Blue: Retest to the resistance
White: Sell

But most time, a breakout doesn't retest.
After breakout of the support, massive drop follows.

How do you trade that scenario?

Thanks boss

Padyautos:



But most time, a breakout doesn't retest.
After breakout of the support, massive drop follows.

How do you trade that scenario?

Thanks boss

Yes some times, there is no retest after breakout.
Thats price/market for you. We cant question it.
Best at doing what it does, move up or down without caring/recourse.


Heres an open position I have (AUDNZD) with the break out and retest strategy.
Its making small pips already.

Cool.
Thanks

Guess price action strategy doesn't require trading with the trend?

Still referring to the usdjpy picture I posted with 2 possible directions.

No trend considered ?

Padyautos:
Guess price action strategy doesn't require trading with the trend?

Still referring to the usdjpy picture I posted with 2 possible directions.

No trend considered ?

Intra day / short term traders uptrend. Inter day/ long-term traders down trend depending on your strategy

Padyautos:
Guess price action strategy doesn't require trading with the trend?

Still referring to the usdjpy picture I posted with 2 possible directions.

No trend considered ?

We cant trade without the trend.
The pro traders will tell us, the trend is your friend.
Its actually very true.

When you look at the UJ, price is still making higher highs.
So the trend is actually upwards.
However, you will notice that when price hits a new high,
it retraces to make a Higher lows.
When price hits a new high, you can decide to sell from the new high to a higher lows or,
wait until price makes a Higher low and then buy from there to a new higher high.
Trend will only change if price closes strongly below the most recent higher low.
If it happens, we will be seeing lower lows and lower highs.

PIPnator:


We cant trade without the trend.
The pro traders will tell us, the trend is your friend.
Its actually very true.

When you look at the UJ, price is still making higher highs.
So the trend is actually upwards.
However, you will notice that when price hits a new high,
it retraces to make a Higher lows.
When price hits a new high, you can decide to sell from the new high to a higher lows or,
wait until price makes a Higher low and then buy from there to a new higher high.
Trend will only change if price closes strongly below the most recent higher low.
If it happens, we will be seeing lower lows and lower highs.

Thanks a lot boss

1). When drawing trend lines , I usually draw from the wicks. Someone told me that I should always use the body, how true ?

2). Sometimes, my support are resistance are usually close to each other, how do I know which one to remove?

Thanks

Padyautos:


Thanks a lot boss

1). When drawing trend lines , I usually draw from the wicks. Someone told me that I should always use the body, how true ?

2). Sometimes, my support are resistance are usually close to each other, how do I know which one to remove?

Thanks

1) There are a lot ways to trade the market,
none is better or worse than the other as long as it brings in the pips.
I have seen such trendlines, its really good.
My friend @Pinbar is very good with that.
You can reach out to him. He is always willing to share from his vast knowledge of the market.
I prefer to draw my trendlines the way I do it, most times it acts as support/resistance/channel for price.
Also, i like to compress my charts, it gives me headache to watch different candles open and close.

2) Depends on the type of trader you are. Scalper or swing trader.
If you are scalping, its OK to have such support/resistance but if you are a swing trader,
better to draw your support/resistance from higher time frames.
I start placing my support/resistance right from weekly charts down to daily> 4hrs > 1hr.


**When you look at the GBPJPY chart i posted in page 78.
You will notice how the trendline is acting as resistance for price.

Thanks Pipnator

i hv missed alot,

Morning folks..hope we all had a good night..

AUDJPY..I posted the chart on page 77.
Lets see how many pips it makes before it reverses.
Hope someone took advantage of it plus other JPY pairs i posted too.

@Pipnator, page 79 is d best page i have come across in a while, wonderful expository analysis there. Very enlightening!

Kaysalas:
@Pipnator, page 79 is d best page i have come across in a while, wonderful expository analysis there. Very enlightening!

Great. Glad i was of help and you find it enlightening.

PIPnator:


Great. Glad i was of help and you find it enlightening.

Please, let there be more A beg!

Kaysalas:

Please, let there be more A beg!

Sure bro'
Just as @Padyautos did, if you ask specific questions and tag me to it,
I will do my best to answer/share the little I know.
Where I dont answer is satisfactorily, Im sure others will come it to share more light.

As I say, I start reading charts right from weekly down to lower time frames. Here is what it looks like to read from higher time frames down to lower time frames.

Yellow: Major trendline. Drawn from weekly/daily chart.
Red: Drawn from the 4hrs chart.
Blue: from 1hr chart.
Green: Represents different scenarios of what price might do.

.....

PIPnator:
As I say, I start reading charts right from weekly down to lower time frames. Here is what it looks like to read from higher time frames down to lower time frames.

Yellow: Major trendline. Drawn from weekly/daily chart.
Red: Drawn from the 4hrs chart.
Blue: from 1hr chart.
Green: Represents different scenarios of what price might do.

job well done @Pipnator, please where's your location as I would like to come for mentorship. I'm currently based in Abuja. thank you Sir.

acetylcoa2:

job well done @Pipnator, please where's your location as I would like to come for mentorship. I'm currently based in Abuja. thank you Sir.

Thanks bro'
Actually im still a student/learner in the game.
My level never reach to mentor anyone.
But I will do my best to answer/share the little I know about the market.

Padyautos:
Pipnation and other pro.

Please look at this picture and suggest a trading decision. Is it a buy, sell and stay away situation?

UsdJpy 4hrs

Did you close this trade?
[b][/b]

Wow! I really love what you guys are doing here on this thread. But c'mon you know this game is for those who's strategy is really on point. I trade with robot and it's way cooler

It rained pips on me today... So happy

PIPnator:


Did you close this trade?
[b][/b]

Massive profit