FxcInvesting
Short

PRICE ACTION / TREND FOLLOWING VOLUME #1

FX:EURUSD   Euro Fx/U.S. Dollar
PRICE ACTION TRADING.

FIRST STEP

Draw the channel. And check how the price moving.
HL- Higher low
HH-Higher high
LL-Lower low
LH-Lower high

STEP TWO

Draw the support and resistance lines.

PRACTICE,PRACTICE,PRACTICE AND PRACTICE
we only use price? can we add some indicators?
+2 Reply
FxcInvesting rocky05.ra
Hi, price action trading is with clean charts ( no indicators ). But yes you can add some indicator like MACD, RSI for sure ! :-)
+1 Reply
Ok. Thank you
How many point can we tolerance of the price if out of channel? is there limit?
+1 Reply
FxcInvesting rocky05.ra
there are no limits ! :) more points = more strong is channel
Reply
rocky05.ra FxcInvesting
Oh ok Understand.. thank you very much
+1 Reply
FxcInvesting rocky05.ra
You are welcome
Reply
rocky05.ra FxcInvesting
I have one more question, if we combine with fibo which level fibo is actually happen when retrace?
+1 Reply
FxcInvesting rocky05.ra
I use fibo too yes, but here we don't have any retracement
Reply
rocky05.ra FxcInvesting
Ok.. so we set price target by chanelling, dont we?
+1 Reply
FxcInvesting rocky05.ra
yes first target can be support at 1.110 and 2nd target and new LL
Reply
rocky05.ra FxcInvesting
ok thank you for ur explaination.. sorry if i will give you much questions
+1 Reply
FxcInvesting rocky05.ra
you are welcome sir, I like helping people
Reply
Nice chart. In this case I will wait for the price to move down into the channel again with good momentum (big red candle) and put a stop loss and reversal above the support and resistance zone, around 1,1216. Plus my premium indicator says down (If I think the price will go up as I do now, I'm alwais looking to selland. lol.)
+1 Reply
AWESOME
+1 Reply
FxcInvesting Ichimoku_Trader
Thanks!
Reply
Super Mario will probably surprise the Sellers for 1.1400
Good Luck !
+1 Reply
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