Pure Price Action Trading Analysis (Forex Pairs+ Crypto).

[Faysal Fahad]

Hello forum member! In this thread I’ll be regular with my thoughts on the currency market based on my Price Action trading knowledge & experience; Surely you can contribute here with your trade ideas! Happy trading.

Gold Market: (19-01-19):

Till now we are in a range between 1301-1276 level! We have entered into this range after making 3 small impulsive moves & you may notice the last impulsive was relative high than the others two. That means, buyers are accumulating here. So, after these 3 impulsive moves I think, this range will follow the previous trend; that means bullish trend keep continuing. This is why I seem; intraday support level 1276.32 is a good level; although we need to count first the 1st 2 sessions of Monday before any trade. In this case, 1301.50 is the most probable area of 1st TP & the next level is (next resistant level) 1321.90.

Now, I’m a newbie when I’ll be a junior member then I’ll add relevant pictures with my analysis for sure.

(Note: please don’t open your trade unless you are very sure on the market trend; I don’t suggest you open & close any trade based on my trading analysis only)

[1715106492]

1715106492

[1715106492]

1715106492

[1715106492]

1715106492

[Obiwankenodium]

If you want to show pictures in your post you can also consider buying a copper membership. I have made a topic about how to buy a copper membership. You can find it here:
https://bitcointalk.org/index.php?topic=5034253.msg45974508#msg45974508

[Wafilian]

Share with us your Price Action trading knowledge & trading idea in cryptocurrency pairs because most of the forum members using crypto trading.
You can Use https://www.tradingview.com until became a jr member.

[Faysal Fahad]

If you want to show pictures in your post you can also consider buying a copper membership. I have made a topic about how to buy a copper membership. You can find it here:
https://bitcointalk.org/index.php?topic=5034253.msg45974508#msg45974508

Update: I have sent the payment & waiting for confirmation.

[Faysal Fahad]

Gold Analysis's Picture:

Gold Analysis's Picture:

[herurist]

Hello forum member! In this thread I’ll be regular with my thoughts on the currency market based on my Price Action trading knowledge & experience; Surely you can contribute here with your trade ideas! Happy trading.

Gold Market: (19-01-19):

Till now we are in a range between 1301-1276 level! We have entered into this range after making 3 small impulsive moves & you may notice the last impulsive was relative high than the others two. That means, buyers are accumulating here. So, after these 3 impulsive moves I think, this range will follow the previous trend; that means bullish trend keep continuing. This is why I seem; intraday support level 1276.32 is a good level; although we need to count first the 1st 2 sessions of Monday before any trade. In this case, 1301.50 is the most probable area of 1st TP & the next level is (next resistant level) 1321.90.

Now, I’m a newbie when I’ll be a junior member then I’ll add relevant pictures with my analysis for sure.

(Note: please don’t open your trade unless you are very sure on the market trend; I don’t suggest you open & close any trade based on my trading analysis only)

I agree with you, understand trend is very important, like or not this is the only way to keep your asset safe. Most people only use strategy but avoid trend, that's wrong could be nightmare. Read trend can do by technical or fundamental and know market works can do by practice. Keep going and never give up because it is worth for our future.

[Coolman4]

good chart
dont trade blindly search for entry points

[nicolas1979]

Hello forum member! In this thread I’ll be regular with my thoughts on the currency market based on my Price Action trading knowledge & experience; Surely you can contribute here with your trade ideas! Happy trading.

Gold Market: (19-01-19):

Till now we are in a range between 1301-1276 level! We have entered into this range after making 3 small impulsive moves & you may notice the last impulsive was relative high than the others two. That means, buyers are accumulating here. So, after these 3 impulsive moves I think, this range will follow the previous trend; that means bullish trend keep continuing. This is why I seem; intraday support level 1276.32 is a good level; although we need to count first the 1st 2 sessions of Monday before any trade. In this case, 1301.50 is the most probable area of 1st TP & the next level is (next resistant level) 1321.90.

Now, I’m a newbie when I’ll be a junior member then I’ll add relevant pictures with my analysis for sure.

(Note: please don’t open your trade unless you are very sure on the market trend; I don’t suggest you open & close any trade based on my trading analysis only)

Many people use price action as their basic analysis, not new but when combine with fundamental/ currency will become interesting for us to try. I think you should include picture or channel to share your strategy because I believe many people will try your strategy but of course depend their knowledge and asset. Keep going and good luck to you sir.

[apityeh71]

Technical analysis usually will be working better in forex market and commodities. To make monthly profit by consistent from forex trading is possible because we can make profit from downtrend and uptrend. Avoid greedy by use low leverage and make target profit 15%-20% a month is good idea in forex trading.

[Wafilian]

Faysal Fahad brother my view EUR/USD pair starts uptrend run from here what you think I am right?

[Faysal Fahad]

EURCAD Market Analysis (D1):

Friends; from the June of 2018 till now we are in a range between 1.5562 to 1.4763; yes it’s almost 800 pips. Even during the Oct-18 buyers were too much active here and almost broken the major resistant level (upper side of this range) but sellers immediately came back in by creating a false break and now once again we are in the same range. Of course; it’s a horizontal range.

Now, the question is: What’s the best strategy of using a Horizontal range?

The answer is: Sell at the Resistance & Buy at the support. As I told you earlier; here the major support & resistant points are: 1.5562 (Resistance) and 1.4763 (Support). But based on the intraday market we also have intraday support & resistance levels: 1.5458 (intraday Resistance) & 1.4918 (intraday Support). Usually intraday support/resistance levels are good for scalping since, market bounce back after reaching intraday level for few pips. But, don’t take this info as obvious since, it mainly depends on the momentum of market trend.



By the way, please don’t open any trade in the mid path of any horizontal range just try to use the support & resistant level. Because, in the mid path there is no specific direction; always try to use Major or at least the intraday support or resistance level.

But, in this case since we have a false break on the resistant level then, there have a higher possibility to face another false break in the support level. I’m adding this info because I want to aware all of you on using the tight SL on this type of trade setup. This type of market is not suitable for tight SL; need wide SL at least 10-15 above/below from the Resistance/Support levels.

That means; now our job is waiting for reaching the price on Support/Reliance level whatever it is; then we’ll go for using that opportunity based on our own plan. Besides, if market breaks this range complete then I’ll follow that new trend for sure.


Bias: Neutral (now)
Resistance: 1.5562
Intraday Resistance: 1.5458
Support: 1.4763
Intraday Support: 1.4918

[Faysal Fahad]

Faysal Fahad brother my view EUR/USD pair starts uptrend run from here what you think I am right?

Hello wafi; to be honest; I am unable to judge your analysis; since it’s your thinking. And you know better on all of your logics; behind the analysis.

By the way; as I see; now we are in a range; so buyers need to break this range quite comfortably to establish a buy tend here. In addition, after this range (upper level) @1.1717 is the next resistant level. Thank you, hope this help.

[Faysal Fahad]

Gold Analysis's Picture:

Gold Analysis's Picture:

So; we just reached our 1st TP area! Nice market! Congratulations.