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Price Action and Trading Discussion

What if one of their banks said they're going to rapidly increase money printing for like the next 2 years. Would a previous point of S/R even hold?

What is the best level to Take Profit?

The main question is a riddle I would say, has the value of Nzd --> Jpy changed relative to each other.(instead of relative to USD.)

What is the best level to Take Profit?

So would you guys agree that 87.25-87.50 is the best level exit to a long? Can price go to 90.0?

What is the best level to Take Profit?

I agree. A large player (bank) would move price up as they buy to make it a win-win for them.

Order Flow Trading

Sorry, I agree that it is hard to explain in text on a subject that has so many possibilities. There are barrier options at round numbers. Example; traders buy no touch options at 1.500, meaning there is an incentive for the writers of these options ...

Order Flow Trading

Say corporations and hedge funds buy big options, banks sell them. 50 pips is far to move the market, but what if I had a contact at a large bank that told me they plan on liquidating longs in to 1.5000 during an illiquid time before London opens ...

Order Flow Trading

If it fits, use it. In case a pc freeze^^ or internet/power outage, best have an automatic stop. You account +/- % will show if what you're doing is right or not

Trading Without a StopLoss

No pair can have a clearer prediction based on historic pricing than any other, or else everyone would trade it the same direction. Current market happenings and forecasted events have an impact on price. For example, the bank of Japan announced ...

Top currencies that gives clear price action

If I had to go back and do it again, I would not try to mimic any preformated strategy/backtest/pattern trade. Just buy the currency you think will appriciate and sell the one you think will depreciate based on market happenings and fits ...

Which strategy do you use?

I prefer intraday entries on a 1min chart. The high for the hour is a high on the 1 minute as well, right? Of course trading with the market when counter-trend moves are happening. Time of day plays a big part towards what you're looking at in terms ...

Trend following strategy on a 1 min chart?

Go go go

EURUSD

It could, but I'd imagine minimal unless it's something crazy. Try to go back in time and see how the expected trade balance vs actual trade balance affects price for a real case scenario.

Can news out of one country affect another?

Totally bearish on that pair. Just watching how price reacts coming down. Outcome favors the Aud more than the Euro. Had shorts @ ~1.3 stopped out @ BE during the following wicks.

Price Action and Trading Discussion

1000pip retrace as well. Good order confluence. image

Price Action and Trading Discussion

IMO, more accurate historical chart, the better. Charts are a good visual aid to help with assessing value based on past price action. Not so good price prediction though.

Trading with altered price chart: P&F, Range Bar, Renko, Kagi, etc.

Some macro smex. 1:37 R:R image

Smexy Trades

How about hedging your profitable positions for the time-being? I know hedging doesn't make a good everyday trading strategy, but it will protect you from any flucuations in uncertain times like this (election day) that may bring unwanted volatility ...

Trade through next few days or close all trades that are in profit?

I just took the recent high of 3124 + a few for the spread No prob. I mean, if its making new highs during London ya don't wanna be short it. Just hit 666 posts. Goodbye FF

EURUSD