₦airaland Forum

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 ?

Cool.
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

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

Here is the picture

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

Thanks Guys

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

No signals today?

enemyofprogress:
What did he did to them now? I'm sure he didn't did anything to them

If you are sure he didn't so anything,
Why asking what he did?

Tired of Nigerian Figure of speech

No answer yet

I saw this image on facebook.

I want any man of God to clarify this with bible verse illustration.

Here are the text in the picture
===========

For those who are married.
Having exotic sex styles e.g dogstyle and all
other styles, with your wife is a sin and
participating in such acts qualify you as a
candidate of hell, it is as same as
pornography.
The only natural position acceptable to the
standards of God, is the man on top and the
woman under (Missionary position). Anything
besides that position is demon inspired.
Repent and prepare the way the Messiah is
coming!

Thanks

SPLIT NIGERIA, THATS THE ONLY SOLUTION

Look for it

Case study

# Fulani herdsmen need cattle ranch
# Boko Haram are hidden in sambisa forest
# Fulani herdsmen are using riffle and ak47
# BOKO HARAM are also using guns and ak47

Please government should allow Fulani herdsmen navigate there cows to sambisa forest.

1: Enough grass for the cows.
2: Both can use guns when needed.

THIS IS KILLING 2 BIRDS WITHOUT A STONE.

THANK YOU

Surely closed

Morning

Soo

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