Pretty mad that I missed this trade. I didn't want to chase the price so I was waiting for price to retest .272, but it never did. The problem with trading just 1 or 2 instruments is that if I miss a trade it can have a huge difference. in days ...

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Even tho I'm a bit sceptic to buy EU right now, it has developed a strong retracement here. Multiple tests on .272 and having a strong move up. Missed the initial entry, but I try to jump in later with lower tf. Also here's a chart from EURAUD where ...

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Thanks landorra! I'll post here as much as I can.

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Here's the most recent trade I did take. It's not pretty, but luckily I got into the trade before it continued up. Price action is showing some strength in buying so pretty confident, at least for now. When price makes new highs I'm going to move ...

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Thank you rajandaas, really appreciate it! and please, feel free to ask or post anything here!

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@drock Hey man, once again your reply disappeared, but I was able to read it. Tho, can't remember much of it anymore. If I remember correctly you said something about me guessing and that I need money management because I know my trading style isn't ...

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I mainly use 1 min TF on DAX and 1 or 5min on currency pairs. When I trade EU I like to draw the retracement from 5 min and then switch to 1 min to enter the trade. When I'm using 1min I can get 1-3 trades per day while using 5 min chart it can take ...

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Thanks pro7 for the reply! I said maybe badly, but I meant that taking trades alone using fibo or any other kind of technical tool is really risky in my opinion. Sure fibonacci can give you nice entry points , but at least I'm not confident enough ...

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One of the reasons why I like this style of trading is because you can take trades in the both ways without having to have huge risks. I usually move SL to BE when price closes second candle above .739 area. (here I missed the entry on EU short but ...

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@dkrock I don't know where your reply went, but I totally agree with you that trading blindly using fibonacci or anything else is BS and it is impossible to predict any kind of move in the markets because they are totally random. But just like pivot ...

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Right know DAX is untradeable. It came all the way down to the 2.272 area but didn't give any pullback to draw a new retracement from(1st. pic). I had to zoom out to H4 chart to find a more clear direction of the price. Let's see if the price will ...

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Here's a good example of a 2.272 area that didn't hold which was easily predicted because of the swing drop from .272 to 2.272 without any relatively big pullbacks. One could have drawn a retracement to anticipate a turning point at the 2.272 area ...

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url Here's to most recent retracement drawn from EU. I tried to illustrate with trendlines why I drew the retracement at just that point. Here price took a big bounce up from the 1.739 area and even broke 1.272 area before returning to the zone. ...

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Thanks prozor and lambo for your replies, appreciate it! Yep math definitely is! I also think that price action is a crucial element in trading using the TA. When you listen to any successful trades on podcasts or anywhere they always have the same ...

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Haven't been using ML lately, but saw this bottom forming on WTI crude and had to draw one on it. While the PA is forming a nice head and shoulder pattern, it is also respecting weekly pivot level (ws78, fibo pivot) quite well. After the OPEC ...

The One: Price Action and Reaction

I've been following this thread since I found forexfactory about a year ago and want to thank eaglestar and all the others who have put their energy and time to share their knowledge with us. Luckily these threads doesn't disappear over time, so ...

The One: Price Action and Reaction