Price Action

**DickP** · 03-08-2012, 21:14

Originally Posted by Jones

What a dick

I aim to please!

**DickP** · 03-08-2012, 21:15

Here are some more examples I will post more as I see them.

View image in gallery

**Kenfinance** · 03-09-2012, 13:34

Hi guys,

Please go to http://forexforums.com/forums/forex-...ase-study.html to see the latest trade setup (if you are interested)

.

Ken

**DickP** · 03-09-2012, 16:50

More price action goodness from today!

View image in gallery

**DickP** · 03-09-2012, 16:50

And another

View image in gallery

**DickP** · 03-09-2012, 16:51

View image in gallery

Last one, I promise.

**DickP** · 03-09-2012, 17:27

Remember when I said I had no more price action charts from today?

I lied.

View image in gallery

**DickP** · 03-09-2012, 17:28

Two more and I'm going to lunch.

View image in gallery

This last one was a tricky one man, i don't see long wicks like that too often, and to me it would have indicated a reversal or move upward, but sure enough it retraced to the low.

**ChartWizQ** · 03-09-2012, 17:38

Originally Posted by TheForexPolice

Learning price action is fundamental to trading success

The "FOREX POLICE" lol...

Here's the Forex Police with their smash hit, "Trader with a Broken Chart"

**ChartWizQ** · 03-09-2012, 17:43

Originally Posted by yogibear

This makes me laugh.
Not sure if our american friends will find it funny, think they have a different meaning for fanny.

hahahhahahahaha, thats classic... i had to look up what a fannie was for you english people... THATS FUNNY... yea its a totally different meaning in America

**TopTrader** · 03-10-2012, 19:31

Originally Posted by ChartWizQ

The "FOREX POLICE" lol...

Here's the Forex Police with their smash hit, "Trader with a Broken Chart"

That's not the Police, its YES.

**TopTrader** · 03-10-2012, 19:33

Originally Posted by DickP

Two more and I'm going to lunch.

View image in gallery

This last one was a tricky one man, i don't see long wicks like that too often, and to me it would have indicated a reversal or move upward, but sure enough it retraced to the low.

Looks like DickP is just another Hindsight Hero that we need not listen to.

**DickP** · 03-10-2012, 21:35

Originally Posted by TopTrader

Looks like DickP is just another Hindsight Hero that we need not listen to.

Hindsight hero, I like that... i'm gonna use that one.

**yogibear** · 03-10-2012, 21:40

Fibonacci

Heres a good article, for newer traders who want to get a better understanding of the subject.
It can be a great tool to use, providing you know when and how to use it.

Conventional wisdom says that the 3 most important levels are 38.2, 50, 61,8. I agree totally. I also use 78.6% sometimes, on commodities,but its not as important.
the reason you should use those levels, is that they are the levels other traders will be watching, and in some way become self fullfilling.
Another thing that is useful, is to know the value of each fib level.On MT4 its easy to do.
When you've pulled a fib, edit, enter into each level, and type % $ after the figure . i.e 38.2 % $ . Each fib level will now show the price, enabling you to map out the levels to watch.

You should also have a well defined trend, before pulling a fib.

http://www.tradingmarkets.com/.site/...ents-81252.cfm

**yogibear** · 03-10-2012, 22:02

Moody's declares Greek default.

http://www.straitstimes.com/Breaking...ry_776120.html

**yogibear** · 03-10-2012, 23:53

. .

**yogibear** · 03-10-2012, 23:57

. .

**DickP** · 03-11-2012, 18:14

Originally Posted by yogibear

Fibonacci

Heres a good article, for newer traders who want to get a better understanding of the subject.
It can be a great tool to use, providing you know when and how to use it.

Conventional wisdom says that the 3 most important levels are 38.2, 50, 61,8. I agree totally. I also use 78.6% sometimes, on commodities,but its not as important.
the reason you should use those levels, is that they are the levels other traders will be watching, and in some way become self fullfilling.
Another thing that is useful, is to know the value of each fib level.On MT4 its easy to do.
When you've pulled a fib, edit, enter into each level, and type % $ after the figure . i.e 38.2 % $ . Each fib level will now show the price, enabling you to map out the levels to watch.

You should also have a well defined trend, before pulling a fib.

http://www.tradingmarkets.com/.site/...ents-81252.cfm

A while back Mike turned us on to Dinapoli levels which are based on Fibonacci but different. Truly you see price be supported and resisted at the Dinapoli levels all the time. Don't ask me how or why beyond they are Fibonacci levels with a twist.

**forexbrokers00** · 03-12-2012, 10:17

hi, i am new here and i do not know much about forex trading, so can anyone tell me that what is price action? thanks

**jamer8** · 03-14-2012, 15:32

Can someone start trading Forex with an initial investment of $150?

Thread: Price Action

Thread Tools

Re: Price Action

Re: Price Action

Re: Price Action

Re: Price Action

Re: Price Action

Re: Price Action

Re: Price Action

Re: Price Action

Re: Price Action

Re: Price Action

Re: Price Action

Re: Price Action

Re: Price Action

Re: Price Action

Re: Price Action

Re: Price Action

Re: Price Action

Re: Price Action

Re: Price Action

Re: Price Action

Tags for this Thread

Bookmarks

Bookmarks

Posting Permissions