Another Price Action Thread

F

fairvalue

Synopsis:
What you can see here from my side are Price Action setups alone. No indicators, just support and resistance, the way I see it. There may be other ways to look at it, nothing wrong about it, what I use is my technique of reducing complexity.

What to expect from this thread:
- Price Actions setups from a trader acutally not making money trading
- some offered trades were taken, some are paper trades - which will be highlited
- an open minded discussion in a encouraging, yet open worded atmosphere

What not to expect from this thread:
- holy grail; unfortunately not available any more ;)
- uncontributive aspects and discussions
 
Last edited:
I like to share my insights before a potential trade and only break this rule one time, to getting things started:

(01.03.2021)
 
Last edited:
PL short (traded)

Setup:
The previous bar (26.02.) was a very clear downside bar and the following bar (today, 01.03.) was a inverted hammer. A try of bulls to gain back control which failed. The momentum increased, as the way up and down all happened in one day.
The Weekly showed that the bar 26.02. clearly respected the previous spike of the former upward movement.
The downward momentum should be enough to reach the previous monthly high (resistance)

Market: 1192
Target: 1163 - prev monthly high
SL: 1240 - save place are above the latest downside bar
 
Last edited:
HG short

Setup: The prev. weekly bar was an inverted hammer and the bar today (01.03.) also is one. Someone really is trying to push the bulls down. That accelerated momentum should lead to a downside pressure that allows to aim for the round number.

Market: 4.112
Target: 4.000
SL: 4.375
 
Last edited:
ZW long

Setup: respected the round number on the way down and came to halt in a zone, were an up gap previously formed. This should be enough upside pressure to reach for former weekly low - adjusted by the round number

Market: 650,2 (market closed)
Target: 655
SL: 640 - safe place below the weekly low
 
fairvalue said:
Synopsis:
What you can see here from my side are Price Action setups alone. No indicators, just support and resistance, the way I see it. There may be other ways to look at it, nothing wrong about it, what I use is my technique of reducing complexity.

What to expect from this thread:
- Price Actions setups from a trader acutally not making money trading
- some offered trades were taken, some are paper trades - which will be highlited
- an open minded discussion in a encouraging, yet open worded atmosphere

What not to expect from this thread:
- holy grail; unfortunately not available any more ;)
- uncontributive aspects and discussions
More...
what time frame are you using?

is PL HG stock tickers
 
You must log in or register to reply here.
Back
Top