Silver pin bar worked out so far, there is a huge one on the weekly chart too. There is a commentary on silver at learn to trade the market, I found this silver setup this way, they have some good trade ideas from time to time.
Price Action only Trading
- Thread starter krtrader09
- Start date
Anyone catching any of the recent good price action moves?
Building a case for some serious silver longs here....4hr pin bars galore..
I assume these silver pin bars are not going to move to the upside until after christmas, if they do at all...
Silver 4hr pin bars finally came off to the upside; after xmas like I predicted. A very nice move. I am a silver BULL.
I use price action on a 5second chart, it has taken several months to begin to try and read the momentum with a basic chart running alongside using MT4.
Using a 5sec chart alterted me early on that my analysis and that of others including the numerous 'guru' signal sites that exist are too often wrong. Take for example today, eur/usd, a sell signal was given by Dailyfx to sell at 1.3210? Even before this signal was given, I could tell that the euro was very bullish even before the unemployment data.
For me, reading the 5sec chart is somehow the same, if you will, to that fine art of tape reading of old and I hope to improve my skills in the future to reading directly from only the 5sec chart.
I have never traded before and have only done so for a few months, whilst I now understand what most of the indicators, s/r , pin bars, etc., provide in terms of charting, I now find myself unable to trade without this 5sec chart where I am getting better at seeing, right there and then, how bearish/bullish the trade is unfolding and alerting me very early on, that I am wrong.
I am actually trying to find areas within ET where the euro/usd is traded, perhaps within a journal, could anyone suggest somewhere.
My first post here, nice to meet you all.
Using a 5sec chart alterted me early on that my analysis and that of others including the numerous 'guru' signal sites that exist are too often wrong. Take for example today, eur/usd, a sell signal was given by Dailyfx to sell at 1.3210? Even before this signal was given, I could tell that the euro was very bullish even before the unemployment data.
For me, reading the 5sec chart is somehow the same, if you will, to that fine art of tape reading of old and I hope to improve my skills in the future to reading directly from only the 5sec chart.
I have never traded before and have only done so for a few months, whilst I now understand what most of the indicators, s/r , pin bars, etc., provide in terms of charting, I now find myself unable to trade without this 5sec chart where I am getting better at seeing, right there and then, how bearish/bullish the trade is unfolding and alerting me very early on, that I am wrong.
I am actually trying to find areas within ET where the euro/usd is traded, perhaps within a journal, could anyone suggest somewhere.
My first post here, nice to meet you all.
targus,
Welcome to ET...I hope you find what you are looking for.
Good trading to you.
ES
Welcome to ET...I hope you find what you are looking for.
Good trading to you.
ES
Euro looks like setting up an hourly 123 below 1.3342, this should give us at least 50 pips to the downside.
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http://GoogleRevenueFromThisSite.com
Well Dailyfx have sent me an email they made exit with a call for short of yesterday at 3310 ha! ha!
I cannot see the euro falling just yet I think she is heading way up to 1.4 area first, we will see?
Like many others, I make daily logs of the ohlc on the dailys and when she stops making new lows and lower highs, she generally goes up, up, up. Just my 2cts.
I cannot see the euro falling just yet I think she is heading way up to 1.4 area first, we will see?
Like many others, I make daily logs of the ohlc on the dailys and when she stops making new lows and lower highs, she generally goes up, up, up. Just my 2cts.
Been a hell of a ride.