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Re: Forex Trade Alerts: Season 18 by Padyautos: 3:45pm On Aug 28, 2018 |
Thanks Guys |
Re: Forex Trade Alerts: Season 18 by TissuePaper: 3:52pm On Aug 28, 2018 |
GladmanGoddey:drop away we dey your back |
Re: Forex Trade Alerts: Season 18 by Padyautos: 4:02pm On Aug 28, 2018 |
PIPnator: 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 1 Like |
Re: Forex Trade Alerts: Season 18 by Padyautos: 4:02pm On Aug 28, 2018 |
Here is the picture
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Re: Forex Trade Alerts: Season 18 by Nobody: 4:36pm On Aug 28, 2018 |
Padyautos: 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. 1 Like |
Re: Forex Trade Alerts: Season 18 by Nobody: 4:50pm On Aug 28, 2018 |
Padyautos: Hope this helps too.. Yellow: Support turned resistance Red: Breakout Blue: Retest to the resistance White: Sell
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Re: Forex Trade Alerts: Season 18 by Padyautos: 4:51pm On Aug 28, 2018 |
PIPnator: You are the boss Thanks 1 Like |
Re: Forex Trade Alerts: Season 18 by Padyautos: 4:53pm On Aug 28, 2018 |
PIPnator: But most time, a breakout doesn't retest. After breakout of the support, massive drop follows. How do you trade that scenario? Thanks boss |
Re: Forex Trade Alerts: Season 18 by Nobody: 5:00pm On Aug 28, 2018 |
Padyautos: 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.
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Re: Forex Trade Alerts: Season 18 by Padyautos: 5:19pm On Aug 28, 2018 |
Cool. Thanks |
Re: Forex Trade Alerts: Season 18 by Padyautos: 5:21pm On Aug 28, 2018 |
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 ? |
Re: Forex Trade Alerts: Season 18 by harizonal123(m): 5:43pm On Aug 28, 2018 |
Padyautos:Intra day / short term traders uptrend. Inter day/ long-term traders down trend depending on your strategy 1 Like |
Re: Forex Trade Alerts: Season 18 by Nobody: 5:59pm On Aug 28, 2018 |
Padyautos: 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. 2 Likes
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Re: Forex Trade Alerts: Season 18 by Padyautos: 6:19pm On Aug 28, 2018 |
PIPnator: 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 |
Re: Forex Trade Alerts: Season 18 by Nobody: 6:39pm On Aug 28, 2018 |
Padyautos: 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. 4 Likes 1 Share |
Re: Forex Trade Alerts: Season 18 by Padyautos: 10:19pm On Aug 28, 2018 |
Thanks Pipnator |
Re: Forex Trade Alerts: Season 18 by softworldsystem(m): 10:37pm On Aug 28, 2018 |
i hv missed alot, |
Re: Forex Trade Alerts: Season 18 by Nobody: 6:42am On Aug 29, 2018 |
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.
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Re: Forex Trade Alerts: Season 18 by Kaysalas(m): 6:49am On Aug 29, 2018 |
@Pipnator, page 79 is d best page i have come across in a while, wonderful expository analysis there. Very enlightening! |
Re: Forex Trade Alerts: Season 18 by Nobody: 6:58am On Aug 29, 2018 |
Kaysalas: Great. Glad i was of help and you find it enlightening. |
Re: Forex Trade Alerts: Season 18 by Kaysalas(m): 7:01am On Aug 29, 2018 |
PIPnator:Please, let there be more A beg! |
Re: Forex Trade Alerts: Season 18 by Nobody: 7:16am On Aug 29, 2018 |
Kaysalas: 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. 1 Like |
Re: Forex Trade Alerts: Season 18 by Nobody: 8:42am On Aug 29, 2018 |
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. 1 Like
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Re: Forex Trade Alerts: Season 18 by acetylcoa2: 8:59am On Aug 29, 2018 |
..... |
Re: Forex Trade Alerts: Season 18 by acetylcoa2: 9:01am On Aug 29, 2018 |
PIPnator: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. |
Re: Forex Trade Alerts: Season 18 by Nobody: 9:19am On Aug 29, 2018 |
acetylcoa2: 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. |
Re: Forex Trade Alerts: Season 18 by Nobody: 3:07pm On Aug 29, 2018 |
Padyautos: Did you close this trade? [b][/b] |
Re: Forex Trade Alerts: Season 18 by itisco(m): 4:54pm On Aug 29, 2018 |
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 |
Re: Forex Trade Alerts: Season 18 by harizonal123(m): 6:05pm On Aug 29, 2018 |
It rained pips on me today... So happy |
Re: Forex Trade Alerts: Season 18 by Padyautos: 6:58pm On Aug 29, 2018 |
PIPnator: Massive profit |
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