Price Action

[yogibear]

Well, i was compltely wrong about oil !!
I placed a pending order last night, but it didn't trigger, which was a huge slice of luck. Using the 10 pip buffer, price got to within 3 pips on my feed of the entry level. Otherwise it would definitely have been a loser!

[ChartWizQ]

Hey guys forget the indicators on this chart, just look at the candles over the last few weeks, how would you interpret this? I am anticipating a substantial move down based on the pair testing this high twice but unable to push past further. Honestly I think we are in uncharted territories and the price action method is the soundest and most consistent on any time frame, trading it is another story, you def need some smaller time frame charts than a weekly. Irregardless, what do you think?

[sniper012]

Seems to be ranging somewhat. But I do kinda see what you mean. Might be a double top.

Hey guys forget the indicators on this chart, just look at the candles over the last few weeks, how would you interpret this? I am anticipating a substantial move down based on the pair testing this high twice but unable to push past further. Honestly I think we are in uncharted territories and the price action method is the soundest and most consistent on any time frame, trading it is another story, you def need some smaller time frame charts than a weekly. Irregardless, what do you think?

[yogibear]

[QUOTE=ChartWizQ;56988]Hey guys forget the indicators on this chart, just look at the candles over the last few weeks, how would you interpret this? I am anticipating a substantial move down based on the pair testing this high twice but unable to push past further. Honestly I think we are in uncharted territories and the price action method is the soundest and most consistent on any time frame, trading it is another story, you def need some smaller time frame charts than a weekly. Irregardless, what do you think?

It's not a pair i'm looking to trade at the moment. If you look at the monthly, you could say its still in an uptrend, making higher highs, and higher lows.
As you point out, a potential double top on the weekly, but the last 3 weeks have printed indecidion candles.
On the daily, as you would expect, its range trading. With conflicting signals, i would wait for a breakout on the daily for confirmation. I can't see any clear indications either way.
Commodities are falling though, so this would give some weight to your view.

[yogibear]

Hers a stock chart i'm watching, CocaCola.
On the weekly you can see recent test of the highs from late 2007.
On the daily, a break of a recent significant swing, then a retest, with price backing off again.

[sniper012]

That's some very astute chart analysis.

Hers a stock chart i'm watching, CocaCola.
On the weekly you can see recent test of the highs from late 2007.
On the daily, a break of a recent significant swing, then a retest, with price backing off again.

[yogibear]

Live gap trades
Risk ratio 1 * 1

[sniper012]

unfortunately my charts don't show gaps for some reason. I'm attaching a chart of the outside bar trade I told you about from friday. Big candle body and a green mfi means that the move was a real one. I got out on friday but as you can see, it's still going down.

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[sniper012]

Conversly, this candle with a small body and high volume indicates indicision or a stall. Happens to be right at the pivot too. A 10 pip break of the low showed us that the bears won the battle, at least for the next 4 candles. This is not a trade that I took though.

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[skynet]

Check out this one on the CADJPY, nice!

[skynet]

Hey guys you like this example?

[skynet]

Here is a recent 4hr pin bar setup I traded on the EURUSD, I made 3 times my risk on this trade, very nice.

Around 8:20 would you have shorted though as well?

[skynet]

Another awesome awesome pin bar strong rejection of the high over two hours and then bam down for days!




I like this method

[Seth2]

AUDUSD had a strong reversal candle earlier today and then it took off to the stratosphere

[skynet]

Look at the Aussie on an hourly, easy trade, price action only!

[skynet]

[skynet]

Just a general question, how do you know the risk to reward ratio when there's nothing else on the chart telling us when resistance is to get out?

[trade4life]

Hey guys you like this example?

I think you might be stretching the definition of a pin bar a bit here, where is the pin bar?? Pin bars should have a tail that is at least 2/3 the length of the entire body.

[DickP]

Look at the Aussie on an hourly, easy trade, price action only!

I like this example of yours better. from 7-11 gmt, 4 bars of rejection then down.

[sniper012]

where exactly is the pin bar? It's a little confusing because I can't figure out where the entry is on the chart.

I think you might be stretching the definition of a pin bar a bit here, where is the pin bar?? Pin bars should have a tail that is at least 2/3 the length of the entire body.