Pure Price Action Trading ! - Page 3
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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. #21
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    Just checked the daily chart of the forex pair EUR/NZD , and i saw that there is an inside bar plus (+) there is also a fakey pin too. I am expecting a buy move ! I have clearly shown my 2 targets as well as the 3rd target too. Please kindly learn from this chart and take this trade as well. ENJOY

    Buy Limit: 1.6200 |
    sl: 1.6050 |
    tp: 1.6400 - 1. 65 - 1.6722


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  3. #22
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    I just checked the USDCAD in the daily time frame and you can all see clearly that there is a bearish rejection on a very good resistance . My trading idea is to sell this pair to the tp i have mentioned because it has to respect the trend line. Everything is clearly see-able in the chart!

    Time frame: Daily
    Usd Cad:

    Sell Limit: 1.0480
    Stop Loss: 1.0580
    take Profit: 1.0380 - 1.0280


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  4. #23
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    Just analyzed the EUR/CAD pair in the daily chart and the main trend is up . So my trading idea is to buy from the trendline which i have shown clearly in the chart above and then 1st take profit and 2nd take profit regions are also mentioned in the chart too

    Timeframe: Daily
    Eur Cad:

    buying limit: 1.3950
    stop loss: 1.3850 |
    Take Profits: 1.4150 - 1.4350 - 1.4450


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  5. #24
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    Dear taharoyal52, thank you very much for this trading exploitation , it is so interesting to my learning and rebelieve of the price action trading strategy. I coted from you that you risk only 3% of your account per trade setup on this price action, and risk 3% - 6% - 9% and 12% and so on. My confusing is in take profits, how do you manage the profits target, do you place more than one order to get the 3% - 6% - 9% and 12% and so on.

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  6. #25
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    Hello traders!
    Its weekend and i just checked that in GBP/AUD daily timeframe chart, there is once again rejection from strong resistance (which is a trendline resistance). It can be a good correction trade and target should be 61% fibo on strong support which is our target. Although major trend is up.

    Pair: GBPAUD
    Timeframe: Daily

    Sell now @t cmp 1.7207
    Stop loss: 1.7438
    Take profit: 1.6904


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  7. #26
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    Just analyzed the AUDUSD forex pair in the daily time frame chart and i have seen a good price action setup. Its a support level where the pair has formed a BULLISH INSIDE BAR candle , which if broken, indicates a bull movement. THe target would be the resistance zone marked.

    Pair: AUD/USD
    Buy at 0.9300 - 0.9330 |
    sl: 0.9225 |
    target: 0.94 - 0.95


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  8. #27
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    Just checked the GOLD commodity in the Weekly time frame and i saw that there is a BULLISH REJECTION indicated by a LONG TAIL PIN. And there is a symmetrical triangle. My view for this pair is to go for a buy. So basically as it is a weekly chart, it is a long term view .

    Pair: XAU/USD (GOLD)
    Time frame: Weekly

    Gold Long Term
    Buy Limit: 1277 |
    sl: 1272 |
    Target: 1288 - 1300 - 1308 - 1325

    480 pips reward| risk : 50 pips


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  9. #28
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    I got many messages from friends about is it safe to enter when market open. I would say no. If you had not open the position when i posted the charts, then it is late . I told many times , all must have patience. If a trade is missed, please dont open it forcefully or your risk : reward ratio will not be good. And chances of losses are also high too.

    THis is just another chart for GBP/AUD . So those who are already entered, if they want to reenter again, they could do that too.

    Pair: Gbp Aud:
    Selling Limit: 1.7325
    Stop loss: 1.7430
    Take Profit: 1.7125 - 1.6925


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  10. #29
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    This is a pure chart trading on the pattern and formation that you can see on the trading chart. This is a resaon why nay traders shoudl know that the trading on price action can not be certainly pure. It will surely diversify. I have read many things about this trading on price action , so, i know what i am talking about.

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  11. #30
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    I just checked the NZD/JPY pair in the weekly time-frame and it looks like that , NZD/JPY is willing to make a bearish bat which is a harmonic pattern. My long term view on this pair would be on the selling side.

    Long term trade
    Pair: NZDJPY

    Sell Region: 84 - 85 |
    stop loss: 86.5
    take Profit1: 80.0 | tp2: 75.0


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