Trading Forex with Price Action Journal *NOW LIVE* - Page 10

Here are some pairs with possible triggers soon:

EUR/USD - I'm watching the confluences of PPZ and the fibonacci retracement at 1.4347 for bearish PA.

NZD/USD - Waiting to see how this react around an important resistant level at 0.8211

EUR/CAD - Price at confluences of multiple fib ret and PPZ. Watching for bearish PA.

Other notables:

GBP/USD - On quite a run. Will keep an eye for reversal.

AUD/USD - Broke out from bullish wedge. Will wait for a reversal and play confirmed bullish PA.

EUR/AUD - IB in pennant formation of downtrend. Will look for bearish PA

AUD/CAD - Broke out like A/U. Will wait for reversal.

Current position:

Still short this. I am liking the pinbar close this week! Not an A+ pinbar though...but I shall wish for the best

Quote:

Originally Posted by JLC 

 

 

short USD/CAD @ 0.9786 sl @ 0.9821 (risk 0.7%)

 

 

Stopped out at BE @ 0.9780

EUR/NZD  and EUR/CAD possible triggers soon.

NZD/JPY on the watchlist

EUR/NZD buy stop in place. I like the divergence and the inner bar/BUOB formed.

Slow week this week. Lots of movements but none that gave me a signal in the daily time frame. I was looking at intraday charts and saw a few nice set ups but my golden rule is to still stick to daily and weekly time frame only. Have to be picky with these trades! EUR/USD looking good so far though. Let's see how it closes.

Quote:

Originally Posted by Rossj711 

May be your way of eliminating noise, that's cool. Try out heikin ashi candlesticks too. 
 

 

Always wanted to learn how they work. Will take that into consideration

First trade in a while:

Short NZD/USD @ 0.8113 sl @ 0.8174 (risk 0.6%)

The confluence of 0.81 RN and PPZ can be a bit of trouble but the R:R me likey.

Also have three other trades pending...they may or may not hit we will see.

N/U trade stopped out.

Two other pending orders cancelled.

One trade in.

short U/C @ 0.8367 sl @ 0.8456

Just read something and I thought I'd share it with you guys. It's something like this:

There are 4 possible outcomes in trading

• Big loss
• Big gain
• Small loss
• Small gain

Out of those 4, three we cannot control. The one thing that we can, however, is to control big losses.

Watching 97.400

Quote:

Originally Posted by NoJobRob 

I like that. Another one I like is "Take the easy ones, and don't do anything stupid in the meantime." -No Brainer Trades

These quotes while simple definitely priceless!

Two new trades on top of U/C

E/C short @ 1.4307

N/U long @ 0.8124

nu stop moved to BE+30

au stop moved to BE+160

new trade short eg @ 0.89

Possible scalp

Been busy and haven't updated in a while. Still trading the spot market though. Difficult to update since I take very few trades.

Long E/U and G/U so far with both @ BE and 50% profit taken in E/U.

Gonna try to start this again. Got a full time job now so not much time to post but perfect time to test out the true value of this trading methodology for those who work 9-5

I'm growing more and more confident with my forex trading methodology. A bit more work with trade and money management and I think I am good to go!

Here is what I am looking for next week...