Trading by dailypriceaction.com -
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thread: Trading by dailypriceaction.com

  1. #21
    If buyers manage to keep the price above 1.2145 on a daily closing basis, we can see a move ahead of the 1.2325 resistance area. Since the low of the 2008 financial astrophe, it is bound to bring an influx of advertising pressure if tested.
    Currently eurusd is going down and might soon reach 1.2145 that I'm thinking could be buy oportunity. Will need to guess how low can it go. Price isn't stopping right now.



    Adding buy limitation way under the level until todays USD reddish news. Expecting it will examine the level and go back.

    Risk 589 eur if bought. r/r 4.22

  2. #22
    EURUSD wasn't bought, closing order today, because DPA stated it's temporary downtrend. Uptrend will probably be resumet once there's daily close above 1.22

    https://dailypriceaction.com/daily-s...crew_powered=1

    Sell limit EURNZD, due to this https://dailypriceaction.com/daily-s...crew_powered=1

    Candle closed under neckline. So it had been break above neckline, and untrue breaks are strong signs such as reverse.
    But as he wrote - there's weekly bullish pinbar, therefore it's conflicting, so better to use smaller dimensions.


    Using 1/4 of my customary position, which is about 145 eur .

    The target must split few key levels and I am not sure if the risk reward is great enough. He's stated he uses 3 r/r, but I am unsure does it matter not or if it's for more levels. Now there are 3 levels, so I should use 9 risk reward, or at least 6? Because he wrote minimum is 2.

    But okay, until I understand it, lets use what we can. If now price keeps at this level, we can move SL and we'll have.



    Sell CADJPY for this: https://dailypriceaction.com/daily-s...crew_powered=1

    - we've closed under 89.45
    - price hold up quite vell
    - we finnally reached this level and may sell at great price.
    - Even yesterday was analyzed but flat hold up
    - correction was going upward

    risk ~580 eur
    Upgraded TP into 88.262 into the yesterdays low, because perhaps there's a flat today. 2.76 were decreased to by r/r

  3. #23
    quote goes fine, moved SL to 149,995, also there is new article about it: https://dailypriceaction.com/daily-s...crew_powered=1
    new article about gbpjpy and others.
    Https://dailypriceaction.com/weekly-...crew_powered=1

    SL currently GBPJPY 149,303. Went fine, this is evening now and except odday, but I see that it hit 147, might close below it. Perhaps could even increase the position. Will think about it.

    Opened small EURUSD position:



    Somehow it looks like buyers are strugling to reach the high price which they opened now.

    Https://dailypriceaction.com/daily-s...crew_powered=1

    DPA states this:

    However, the 1.2330/55 area may offer some clues. Provided that price remains below this region on a daily closing basis (
    https://www.blueberrymarkets.com/lp/dailypriceaction), my outlook for a move lower will stay intact.
    Risk 67,86 eur

  4. #24
    Sell limit GBPUSD



    The amount where I sell it is not far away, so might hit, might not. Which is fantastic for the positions that are GBPJPY if it does not hit, then it might be the GBP will collapse. So this is just as bonus. Could even sell today, but then I would need lower SL which is more risky. But since I alreay have marketed gbp, no need to add on it without good price.

    DPA:

    As such, I'm maintaining the 1.3860 place in my radar. The amount served from February as service and lately on the 22nd and 27th.
    so long as this amount stays on a daily closing basis (https://www.blueberrymarkets.com/lp/dailypriceaction), the 1.3600 level remains exposed. A close above 1.3860 could set our sights descending channel resistance near 1.3950.
    Risk 271,47 eur

  5. #25
    Attachment 2703946

    EURGBP closed over resistance and holds it above, plus yesterday it even showed bounce back. I'm waiting until price will drop huge, due to candles at january I see how occasionally volatile it could be. My price will be closer to trendline. SL - under trendline.

    Risk 271,47 eur , expires on thursday before eur Minimum Bid Rate.

    Again no need to hurry to buy, since I'd sold GBP at GBPJPY and GBPUSD pair

  6. #26
    quote new post about gbpjpy and others. Https://dailypriceaction.com/weekly-...crew_powered=1 SL currently GBPJPY 149,303. Went nice, except but I find it hit at 147 and this is evening today, could close beneath it. Maybe could even increase the position. Will think about it. Opened small EURUSD place: picture Somehow it looks like buyers are strugling to reach the high price which they opened today. Https://dailypriceaction.com/daily-s...crew_powered=1...
    lost 66,95-0,42 swap = 66.53

    balance -4029.78

    GBPJPY as expected went up, feels like coul open long position. But still SL not hit, lets hope it will come down and hit on on my TP.

  7. #27
    quote this also goes nice, lets move SL little more to 107.813
    USDJPY still goes nice with ema 20, so proceed SL more. Now we're breakeven with this - 107.370. Looks like there is resistance at 106

  8. #28
    Launching new gbpjpy position.

    However, seeing as how the GBPJPY broke below the 2016 trend lineup last week (see the March 1 comment), I would rather favor selling strength. The same holds for the other yen crosses mentioned in the present post.
    Https://dailypriceaction.com/weekly-...crew_powered=1

    that I think it is perfect conditions based on DPA. It tested resistance and closed below it forming bearish pinbar.
    Only will be better to sell at 147 or higher, but then I might miss. So I chose give up some pips but not to miss. It happens for me when I do sell limit some pips higher just to see how it wasn't sold and wend down instantly.

    Not certain is that my TP not too far off. However, I try to have at least 3 r/r, therefore I make it so, and it has to split levels that are key. Otherwise fist key level is 145.85 and if I wan to place TP here, then I'd need really to wait for price to go up and frequently miss the oportunity to sell.

    Risk 541.62 , r/r 3.2

  9. #29
    Launching new gbpjpy position. quote https://dailypriceaction.com/weekly-...crew_powered=1 I think it's perfect conditions according to DPA. Yesterday it analyzed resistance and closed under it forming bearish pinbar. Only will be higher or better to sell at 147, but then I might miss. So I decided give up some pips but to not miss. At times it occurs for me once I do sell restrict some pips higher just to see how...
    exactly what exactly are these traders believing? Move price down and then move price up. So simply not remain on average?

    Lost this place. Other GBPJPY place had broader SL, but not sure if htat is greater or not, it did not loose.


    added purple line in which my SL was hit.

    Those price movements simply do not make sense. Or is the end of downtrend? Who can say? Now moved so significant. Day not closed but not much abandoned. Still currently price is lower compared to ema 20. Even yesterday when went down it seemed that perhaps its ultimately it and price will move down.

    Or perhaps I should open position - because today price is high? It'd make sense.

    Lost 535.91 3.85. Balance - 4569.54

    If that is not end of downtrend, then this is a joke, hit SL so closely and run down.

  10. #30
    Sell limit EURUSD


    Risk 262,6

    https://dailypriceaction.com/weekly-...rch-12-16-2018

    Not clear at all where to set SL. I don't get r/r 3 although I think would be good to set much higher but. Today r/r is 5,09

    From the near-term, '' I feel the 1.2355 area will do its best to cap any progress this week. Therefore, I will be on the watch for a selling opportunity should we get a
    expires at CPI m/m news

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