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Thread: Price Action

      
  1. #121
    Forex Forum Apprentice FxWolf's Avatar
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    Default Re: Price action.

    This thread has been very helpful to me, thanks a lot.

  2. #122
    Pips Are My Game ★FX★'s Avatar
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    Default Re: Price action.

    Quote Originally Posted by DickP View Post
    I'm not clairvoyant, I wouldn't know where to begin...
    It's not about being psychic, there's definite patterns in the candlesticks that you can identify just by looking at them, no special analysis or super powers are needed.

  3. #123
    Show Me The Money! GUNNY's Avatar
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    Default Re: Price action.

    Indicators are a necessary part of trading, price action alone is like alchemy to me. I'd avoid it.

  4. #124
    I am Part Pips sniper012's Avatar
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    Default Re: Price action.

    I look at it this way, indicators can't hurt. If I saw that same pin bar set up and I happened to look at macd and it was above the zero line, I guess that could confirm the move. I think as long as you follow the trend, the only indicator you really need to trade price action is a moving average or pivots...just something that lets you know that the pin bar or inside bar is taking place at a significant level.
    Quote Originally Posted by GUNNY View Post
    Indicators are a necessary part of trading, price action alone is like alchemy to me. I'd avoid it.

    Pippin ain't easy, but it sho' is fun!

  5. #125
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    Default Re: Price action.

    Quote Originally Posted by GUNNY View Post
    Indicators are a necessary part of trading, price action alone is like alchemy to me. I'd avoid it.
    Now that's definitely an exaggeration, alchemy? Price action is definitely not Black magic, bad joojoo or whatever,

  6. #126
    I Breathe Pips Jones's Avatar
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    Default Re: Price action.

    Quote Originally Posted by sniper012 View Post
    I look at it this way, indicators can't hurt. If I saw that same pin bar set up and I happened to look at macd and it was above the zero line, I guess that could confirm the move. I think as long as you follow the trend, the only indicator you really need to trade price action is a moving average or pivots...just something that lets you know that the pin bar or inside bar is taking place at a significant level.
    Exactly right, in fact it does help to know how to read price action.

  7. #127
    I am Part Pips tab's Avatar
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    Default Re: Price action.

    has anyone heard of nile fuller?

  8. #128
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    Default Re: Price action.

    I'm very familiar with him. He has tons of free videos on youtube. I've learned much from him.
    Quote Originally Posted by tab View Post
    has anyone heard of nile fuller?

    Pippin ain't easy, but it sho' is fun!

  9. #129
    My Charts Talk To Me mk3fx's Avatar
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    Default Re: Price action.

    Quote Originally Posted by tab View Post
    has anyone heard of nile fuller?
    no should we have?

  10. #130
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    Default Re: Price action.

    I can't say that we SHOULD have but if you ever google price action, his name is very likely to come up.
    Quote Originally Posted by mk3fx View Post
    no should we have?

    Pippin ain't easy, but it sho' is fun!

  11. #131
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    Default Re: Price action.

    This was a nice move from today on gbp/usd. I got out with 50 pips but I could have made probably 200 if I had stayed in it. This was a price action trade and I kinda used fractals to confirm the uptrend. The inside bar is actually the candle to the left of the circled candle. The light blue line is the weekly fractal and the pink line is the daily fractal. Considering that the pair was trading well above both fractal levels, it was a cinch to take this trade. I used the weekly R1 level as my exit but if you look at a live chart, you will see that there was more money to be made after I got out. Another thing that confirmed the bullish sentiment is the fact that the inside bar is close to the top of the mother bar. Once the high of the mother bar was broken by the entry (circled) candle, it was a safe bet of a bullish continuation.

    Pippin ain't easy, but it sho' is fun!

  12. #132
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    Default Re: Price action.

    Quote Originally Posted by sniper012 View Post
    This was a nice move from today on gbp/usd. I got out with 50 pips but I could have made probably 200 if I had stayed in it. This was a price action trade and I kinda used fractals to confirm the uptrend. The inside bar is actually the candle to the left of the circled candle. The light blue line is the weekly fractal and the pink line is the daily fractal. Considering that the pair was trading well above both fractal levels, it was a cinch to take this trade. I used the weekly R1 level as my exit but if you look at a live chart, you will see that there was more money to be made after I got out. Another thing that confirmed the bullish sentiment is the fact that the inside bar is close to the top of the mother bar. Once the high of the mother bar was broken by the entry (circled) candle, it was a safe bet of a bullish continuation.
    Really sweet trade man

  13. #133
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    Default Re: Price action.

    Thank you. I should have stuck around for the rest of the move but...
    Quote Originally Posted by Panzer View Post
    Really sweet trade man

    Pippin ain't easy, but it sho' is fun!

  14. #134
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    Default Re: Price action.

    This shows a Nice inside bar on a daily chart. The inside bar (circled candle) was also a pin bar so that made the bearish sentiment more robust. This pair had already broken through support (dotted line) so it was an easy trade to take. I got in once the low of the inside bar was taken out. My target is indicated on the chart. That should be a nice support level based on the fractal.

    Pippin ain't easy, but it sho' is fun!

  15. #135
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    Default Re: Price action.

    moving down nicely!! 43.6 pips so far. This is why I love the longer time frames. When something starts to move, I find much more reliable. You don't have to keep your eye on your computer all friggin day.

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    Pippin ain't easy, but it sho' is fun!

  16. #136
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    Default Re: Price action.

    This is what I'm looking at as far as daily charts for tomorrow. Looking to go long on eur/jpy providing we have a 10 pip break of the pin bar.

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    Pippin ain't easy, but it sho' is fun!

  17. #137
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    Default Re: Price action.


  18. #138
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    Default Re: Price action.

    Sorry i totally missed that. Next time maybe

  19. #139
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    Default Re: Price action.

    It's not too late to get in the trade.
    Quote Originally Posted by Bad View Post
    Sorry i totally missed that. Next time maybe

    Pippin ain't easy, but it sho' is fun!

  20. #140
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    Default Re: Price action.

    Quote Originally Posted by tab View Post
    has anyone heard of nile fuller?
    Yes, he taught me how to trade with price action. Best way to trade ever. I give him props whenever I can. GO check out his website when you can:

    www.learntotradethemarket.com