Thread: Price action trading - Trade like the pros!

Originally Posted by ;

Boom! image

lol congrats. Im holding ucad eu trades since yesterday. FOMC should get them

I closed my EU too, way ahead TP but got roughly 40 pips within two positions.

I want to be flat before FOMC. I have pending buys on EU and Cable, as well as a pending short. Let us see how it plays out.

Fed is expected to raise rates, so be cautious as we are setting up for a fomc. I transferred my buy limitation even lower, trusting that I ch the knife as it loses steam and that I don't get cut. Good luck, heading out for today.

The volatility can be very high but I feel that the impact of the increase wont be powerful as the inflation came under expectations, this decrease the likelihood of the 2018 interest rates increases. Fed will also upgrade the inflation projections and also if it comes weak the increase today can have the opposite effect as happened with all the BoE interest rates increase.

We can dismiss this as daytraders but is always good to share

Originally Posted by ;

The volatility can be extremely high but I feel that the effects of the increase wont be quite strong because the inflation came under expectations, this decrease the likelihood of the 2018 interest rates rises. Fed will also update the inflation projections and whether or not it comes feeble the increase today can have the reverse effect as happened with the BoE interest rates increase. We can ignore this as daytraders but is always good to share

Pretty spot on and that I almost regret killing my transactions earlier. Could brief on uj and have made a killing out of extended on eu over two positions.

Hello WDays. I'm new to this.
I'm just using this chart for learning purpose.
I'm not really understand why open the commerce.
Correct me if I'm wrong. This is exactly what I understand
1st this chart is uptrend.
2nd uptrend chart buy at the dip. Which is location?

I know with fib that's at 61,8-78,6. But in the previous leg? At which the stop be, I look at your youtube video, commerce opens such as the MM.

I'm sorry I know that this is seems like I didn't read the thread. But I watched your the pictures, and my mind is jumping around.

Originally Posted by ;

quote Pretty spot on and I almost regret killing my trades before. Could short on uj and have made a killing from being extended on eu over two positions.

It sucks but is better to live a different day than blow up the account

Draghi Fiber Short 30.

Got rid of the position prematurely, because I have to head out and won't be able to monitor. It's december, so each pip counts

New Monday, new gameplan.