Pure Price Action Trading ! - Page 2
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Thread: Pure Price Action Trading !

  1. #1
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    Pure Price Action Trading !

    Hello All
    I am a Price Action trader!
    I dont trade pairs. I trade setups. That is why, i always trade with a reason. And price action traders mostly trade with a reason to trade (also called trade setups).

    I trade pending orders, and even direct setups too if i found them. There will be no restrictions on timeframes. In whichever time frame i found a good setup, i will post it directly. And i will keep updating all in this thread.

    I risk 3% per trade and not more than it. My rewards starts from 3% - 6% - 9% and 12% and so on, depending on the setups.

    I am mainting this journal for 2 aims; 1) to help all newbie traders to learn my style, 2) to maintain my own record.

    If you really like my setups, then must put thumbs up (like) on that content!

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    Last edited by taharoyal52; 11-01-2013 at 01:55 PM.

  2. #11
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    Guys, the weekend has been over, and now, its time for me to show the homework i did during this weekend.
    DUring this weekend, i looked the pair, NZD USD , in the H4 TIME FRAME, DAILY TIME FRAME, WEEKLY TIME FRAME, and lastly, MONTHLY TIME FRAME.

    Its a long term trade.


    Nzd Usd: Selling Area: 0.8300 - 0.8400 | SL: 0.8558 | TP : 0.8130 - 0.7930 - 0.7830 - 0.7730

    Long Term Trade . Make Profits . Have a Safe and Profitable Week! Cheers!


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  3. #12
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    GBP/JPY has a nice price action setup.
    It has an outside bar + inside bar combo .

    buying strong near: 158 - 157.5 region |
    sl: 156.9 |
    target: 158.7 - 159.7 - 160 - 162
    Divide ur positions in 4 parts , and close 25% , then 25% , and then 25% and lastly close the last 25% at 162 region . I will update the trade as soon as i get some other setup.


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  4. #13
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    I have just checked the AUD/USD daily time frame, and i have found a head and shoulders formation (price action) in the chart. THe major trend is down . And the previous trend channcel (which was forming) is also broken.

    Aud Usd: Selling limit: 0.9525
    Targets: 0.9425 - 0.9225 - 0.9000
    Stop Loss: 0.9725


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  5. #14
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    I just tooked a look at the GOLD Daily Chart, and i have found a emerging ABCD is forming.
    So until then it forms a bullish ABCD, we can catch some pips down .

    Selling near: 1308 - 1310 region |
    stop loss: 1318 |
    Target: 1180



    GooD LucK with your trading

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    Last edited by taharoyal52; 11-12-2013 at 06:33 AM.

  6. #15
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    I had analyzed this chart over the weekened and it looks like it will go for a sell because there has been a breakout in upward trend channel however the true trend is down . I have clearly shown almost everything on the chart.

    Aud / cad : selling limit: 0.9860
    Targets: 0.9760 - 0. 9560
    Stop Loss: 0.9970


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  7. #16
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    Update for TRADE CALL post #3: Please kindly delete the sell limit as it has been a whole one week and still it has not triggered yet.
    We can try to catch another entry.


    Update for TRADE CALL post#4: Stop Loss hit ! :(
    It went nice down, but things changed and then it hitted stop loss :(
    I am sorry!

    Update for TRADE CALL post#9: StopLoss hit :( News reversed everything.
    I learned a new lesson to stay away from the market during news times (high impact news events) .

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  8. #17
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    Found a good butterfly setup in EurJPY h4 chart , and the ratios of the bearish butterfly are also very good.
    My trading advice for this pair , is to :

    SELL @ cmp : 134.30 - 134.50 region
    The stop loss should be @ : 134.90
    Take profit should be at region : 132.50

    Good Luck !


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  9. #18
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    After the eurjpy chart of bearish butterfly, i tried to analyze the usdjpy in many timeframes as well. In Daily, i found that it looks like it is also forming a bearish butterfly setup as the harmonic ratios are very very good.

    Setup: bearish butterfly
    Trade call:
    Sell @ 100 - 100.20 region
    Stop loss should be around : 100.60 region
    Take profit should be around : 98.25 region


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  10. #19
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    Quote Originally Posted by taharoyal52 View Post
    GBP/JPY has a nice price action setup.
    It has an outside bar + inside bar combo .

    buying strong near: 158 - 157.5 region |
    sl: 156.9 |
    target: 158.7 - 159.7 - 160 - 162
    Close your trades now @ cmp 160.85 which is total 285 pips .
    Thanks and cheers to all those who took this call. 275 pips are really

    great.
    However last week , we also did some losses too.

    Losses were:
    USDJPY POST #4 of -30 pips
    CHFJPY POST #9 of -35 pips

    Profits are:
    GBPJPY POST #13 of +285 pips

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    Last edited by taharoyal52; 11-14-2013 at 04:41 PM.

  11. #20
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    Quote Originally Posted by taharoyal52 View Post
    Timeframe:Daily
    Pair: USDJPY

    sell now @ 99.70
    sl 99.85
    tp 99.35-98.80
    small risk trade (just 15 pips stop-loss)
    tp1 was hit and then it went up after moving a small down!
    so +35 pips and then -15 pips. we are in net positive pips of +20 pips from this trade.

    Previous losses were:
    USDJPY POST #4 of -30 pips
    CHFJPY POST #9 of -35 pips

    Previous profits were:
    GBPJPY POST #13 of +285 pips

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