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Priceactiontrading

DOGE , Buy or Sell ? Dodge Coin has long been in a downtrend and is trapped in a downtrend It does not seem to be able to break the midline of the channel this time (it is unlikely in this bear market!) The next level of Dodge support is between 0.06 - 0.08 and it is expected that by testing this level , the trend will change and the price will be thrown All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ... Follow our other analysis & Feel free to ask any questions you have, we are here to help . 📊 #Dogeusdt ( Doge Coin ) 💹 Time Frame : Daily 🔵 Personal Opinion : SHORT 👤 Saeid.Mahbob 📅 02.06.2022
Short
by SaeidMahbob
15
Price Action Is Key!!!Price Action Trading Is A Method Of Trading Where Trading Traders Are Able To Make Trading Decisions About Trades Based On Price Movements - Price / Market Data... Without Relying On Indicators etc... #1. Price Action Refers To The UP And DOWN Movement Of A Security's Price When It Is Plotted Over Time #2. Candlestick Patterns - Candlestick Formations - Chart Patterns Are Derived From Price Action. #3. Price Action Involves The Use Of A Naked Market Chart... With The Use Of RAW PRICE DATA #4. Price Action Is Definitely Leading The Way... To Trading Without Lagging Indicators #5. Price Action Does Not Involve Those Messy Charts And Clutter That Takes Up Half The Screen
Education
by UnknownUnicorn33425005
RS | Bullish Wedge Breakout | Entry @ PullbackRS | Thailand SET Index | Media | Commerce Sector | Price Action Trading Chart Pattern: Falling Wedge Bullish Reversal Price Action: Entry @ Breakout Pullback Indicator: Volume profile strong support Stop-loss position and possible for uptrend price jump RSI: slight bearish divergent indicating short term price pullback - buy opportunity MACD: bullish golden cross signal line above baseline 0 Trade with affordable risk ratio 3:1 Always respect your stoploss Good Luck DP
SET:RSLong
by dukeposh
Price Action Trading ExplainedHey Guys! Here's a simple explanation of Price Action Trading! In its very essence, Price Action Trading is about letting price tell you where it's headed in the future. No indicators or fundamental analysis. Just price alone will do. But in order to know what price is telling you, you must first learn "how to read price". Think of this as a language. Just like how you're reading this post and understanding my intent through the English language. A price action trader must learn the "Language of Price" before interpreting what price is telling you in terms of where it's headed in the future. Once the language of price is mastered, a price action trader simply reads what price is telling him/her in terms of the future direction of price and makes trading decision accordingly. So, if price is telling you that it will go up in the future, you buy (or abort depending on the situation). Sell, if that's what price is telling you, and most importantly stay out of the market when price is telling you there is no bias in future long or short strength. Take this EUR/USD Short Trade that I'm currently holding positions in: If you follow my weekly forecasts you'll know that I took 2 short trades last year in which I still have 20% in at the current moment. Initially, when I entered these trades last year, the weekly chart's price was telling me, " Yo Ken! There's more short strength than long strength between these 2 major pivots....Just Letting you know!" (shown on the chart.) So in other words, "Price" was telling me that it will reach the Main Target Pivot Low before reaching the Main Stop Loss Pivot High. So, as price pulled back to the Main Stop Loss Level, I listened to "Mr. Price" and took 2 Short Entries with the risk parameters shown on the chart. Then after entry, the lower time frames were consistently telling me, " Hey Ken!There's abundant short strength in this pair! I'm headin' do---wn! "So I took out 80% of the Position at the Main Target. (Just for discipline's sake) and kept 20% in. (Hey!Why not right?) Then from November of 2021 to the current, on each bounce long, price was telling me yet again, " I'm still headed down Ken, Just letting you know.....", so I'm currently still holding 20% of the short position. In this way, by learning the "Language of Price", a price action trader reads what price is telling him/her and makes trading decision accordingly. There is no concept of price being wrong or right. Thus If price does not go in the expected direction. To a price action trader, it is not "the price" that is at fault; nor is it some other Technical or Fundamental element's fault. The blame is always on the misinterpretation of price by the price action trader. For in price action trading, "Price is always Right". Have a great day guys! Ken
Education
by TradingForexPriceAction
3
CBG | Possible upcoming powerful 3-Drive Reversal PatternCBG | Thailand SET Index | F&B Sector | Chart Pattern Trading Price Action | Entry Position - Buy @ Breakout after pullback above Volume Profile Point of Control (POC) or EMA200 Chart Pattern | Possible upcoming powerful 3-Drive Harmonic Reversal Pattern Indicators: >RSI - Bullish Divergent >MACD - Bullish Divergent Speculative buy for bullish divergent along the way is also possible. Always respect your stop-loss Good Luck
SET:CBGLong
by dukeposh
US30 Analysis 1-27-22After the Fed announcement yesterday US30 has dropped significantly. Currently price seems to be retracing the move from yesterday. If price breaks the key levels leading up to market open there is a high chance the levels mapped out can be tested. Overall, I still believe there is more bearish momentum to come if price forms a level of resistance. I think price will retest the lows created from yesterday and might even create lower lows. Waiting until market open to see what price decides to do. 1. Price formed a low yesterday 2. Resistance has formed at this level. If price fails to break above, sell opportunity might be in favor for NYSE open 3. If price begins to break these lows, there is a high probability for price to retest the lows from yesterday and possibly create lower lows
UShort
by dreadhead4_life
GBPCAD: Trend-Following Trading Plan 🇬🇧🇨🇦 On today's live stream we discussed GBPCAD pair. The pair has recently violated key daily structure support to the downside. Retesting that the price started to coil within a narrow horizontal trading range on 4H. To catch a bearish move, wait for a 4H candle close below the support of the range. Then sell aggressively or on a retest. Initial goal will be 1.6865 In case of a bullish breakout of the resistance of the range, the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
19
Confirming Trends with the Lower Time Frames GBP/USD ExampleHey Guys! As you guys know, I'm currently waiting for a pullback to the 1.3313 levels for a long entry on the GBP/USD. In order to know whether or not I will get this pullback, I look to the lower time frames to see how much long strength or short strength there is. Now in this case, I want price to come down to my entry level, thus am looking for signs of short term short strength on the lower time frames. As you can see in the chart, during the initial move long, there were constant signs of long strength on the 1h chart with the trendline break out, then immediate break back into the trendline. ( Immediate break back in means: the break out candle's close and the break back in candle's open is at the same price level) Almost giving the "sense" of a "fake" break out. Then at the peak of the long move, another 1h trendline had a break out, however no immediate break back in. Showing waning short term long strength. (A good thing for me!) Then soon after, a 4h trendline was broken out with no immediate break back in, showing waning long strength on the 4h chart also. Then to top it off, there was a 15m fake double bottom that formed igniting 15m short strength. ( I cannot go into detail about fake price patterns here. ) In this way, I use lower time frame break outs to confirm strength in either direction which by default, confirms which way price will go on the higher time horizons. In this case, I used this method to confirm whether or not I will get the pullback to 1.3313 for a long entry however, this method can also be used to confirm trends. For if a trend analysis says that the trend is long; the lower time frame's price action should move in a "long trend way". Just a cool trick for you guys! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Education
by TradingForexPriceAction