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

  1. #1

    Trading by dailypriceaction.com

    Lets find out if it's possible to make money just when trading by website predictions - dailypriceaction.com

    I am ill that after a few months it's going to be a year because I am trying Currency Market, but not making money. So my predictions don't work, besides eurTRY or several other pairs. But it should work from this website.

    Okay today here is your prediction https://dailypriceaction.com/daily-s...crew_powered=1

    With the break above 1.3545 behind us, traders may start watching for buying chances on a retest of this area as new service.
    I didn't know what he meant - can we already buy today, or we ought to wait for confirmation candle - if today closes above that 1.3545 level new york 5 PM. I asked him at the comment he'll tell.

    Now waiting.

  2. #2
    sell limit eurcad image https://dailypriceaction.com/weekly-...april-2-6-2018 Formed bearish pinbar. Since usually price goes up, I sell little higher than it currently stands. I just did not do this: [font=roboto]quote Take profit at 1,567 ? I don't find space. I would need very tight stop loss which are beatend by arbitrary price movenents. SL that was wider has been added by me and needed to put TP reduced - to next service level. Risk 265
    Nice - when I waited, then it didn't hit my sell order.


    Not certain if I should keep this sell limit order, maybe now want again bearish price action candle.

  3. #3
    Got the answer:

    Why assume a ”buying opportunity” isn't confirming price action?
    How can you define the term? Then there you go, if it is a pin pub. It is based on the rules you've set for yourself.
    So from it I know that buying oportunity is verifying price action. Yea, and on the rules - the challenge is that my rules do not do the job, if they would work, I would not ask those questions likely, I'd only trade by what works for me

    So currently price is under the 1.3545 level and it might be that it will shut below it.

    Instead, a close back under 1.3545 would negate the bullish bias and re-expose the 1.3445 service region.
    So it might negate bullish bias.
    But could we go short then? Not clear. Moving averages still would be upward.

  4. #4
    AUDUSD probably couold be a buy if I was not sleeping at that moment. It hold up over 0,782 level as verifiion candle.

    Https://dailypriceaction.com/weekly-...crew_powered=1

    Alternatively, a daily close (
    https://www.blueberrymarkets.com/lp/dailypriceaction) over 0.7820 would expose 0.7880 followed closely by 0.7955.
    I hate when oportunities to buy are when I'm sleeping. Or I need a plugin that does buy limit function just after new york.

    Ok, but perhaps there's still an opportunity, since price is 125 pips over ema 20, so perhaps will pull back. They do not need a pullback of course.

    AUDUSD is falling down, seems like poor Trade Balance affected AUD. Now if I look at chart, it's at the support of trendline.

    But there has not much time passed because todays low, therefore it might break that service line also. So we can wait probably.

    Another problem is that you will find lots of USD news now. So if the price reaches 0.782 - do we all buy or not? Usually dailypriceaction informs that he waits for dust to settle down after big news. And he also trades on fridays and mondays. So that means we do not buy now AUDUSD.

    There is an additional intriguing set up - euraud:
    https://dailypriceaction.com/daily-s...crew_powered=1

    However, provided that 1.5360 holds as resistance on a daily closing basis, I will stay relatively bearish the EURAUD. Given the thin trading conditions this week, awaiting bearish price action from 1.5325/60 might not be a bad idea.
    The amount didn't hold up at 29 day. But there was confirmation pinbar that it hold up. I do not understand what exactly does it mean in these cases. Can I go brief or not? I asked in the comments. However, it might be that we will not get a response, because he fails to answer in news.

    Additionally it seems that trendline going down is broken. Plus myfxbook shows 71 % is brief. So this is not an option to go anymore.

    Btw I think after viewing, merging, 1 picture went from wrong post for this



  5. #5
    Yesterday dpa wrote that GBPUSD were no signal to buy so harm wasn't done. Thats what I wasn't understanding - buy or not at Jan 3

    https://dailypriceaction.com/weekly-...uary-8-12-2018

    On Tuesday of last week, the
    GBPUSD closed above recent highs at 1.3545. Sellers had other progr, although I looked for the level to serve as support during Wednesday # 8217; s retest. Because there was never a signal to go long no harm was done.
    Now there's

    Another look at the GBPUSD over the weekend shows a trend line that came into play last week. The amount that extends from the 2017 high in 1.3657 appears to have attracted a bid during last week#8217;s pullback.
    As long as this amount holds as support on a daily closing basis, the 2017 high stays exposed. Of course, last Wednesday#8217;so high at 1.3613 could also attract a few offers on the way up.
    Does that mean we could watch for buy opportunities? Is not composed.

    AUDUSD - starts pulling back, and it's close to 10 EMA and close to support degree. So adding buy limit order at that degree with 3.17 r/r. It is a chance that I missed.

    EURAUD -
    However, so long as the EURAUD stays below former trend line support, the 1.5085 area is exposed.
    So again that means we could watch for buying oportunities? I have added market limit order at 1.53092 using 3.46 r/r. This will be close EMA 10.


  6. #6
    AUDUSD has been bought this morning. Risking 666 eur demo. For now I will trade with demo account, since I did not prove myself I can make money not even break even. Lets see how it will hold up.
    Also currently we are likely touching EMA 10 which is beginning to turn in daily chart. But another thing is that if we look at 4H chart, we can see that it touched the trendline as resistance and dropped down steeply. Or same in 1 chart, particularly observable in last hour :


    Would be good if Justin would tell something about current situation. Only I know that he does not wish to buy eurusd even if it's near support level due to monday price dropped agressively:

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

    However eurusd candle on monday looks larger that AUDUSD candle on monday. At the moment of writing it moves to profit around 160 eur. So hard to decide. Ok, another interesting issue is that https://www.myfxbook.com/community/outlook this shows that only 9 % rankings are long. I utilize the myfxbook as confirmation when I do not know what DPA would do. If DPA would say to not buy, then I would not buy even if myfxbook outlook shows 9 % long.

  7. #7
    Closed more than half of my place, as it does not seem too nice. DPA does not tell anything. In profit

    So currently having profit 26.99 eur.

    In 4h hour chart now it tests the 78.200. We will see whether it will be broken by it back. If not, then it loks like going down.

    Now risking about 316 eur. Was near SL today. Here is the way it seems on 4h chart:


  8. #8
    AUDUSD appears like holding up at the level. Inside my platform, yesterday it shut at 0.78201.

    So set buy limit order to buy back it - the part which I sold yesterday. I'd love to buy at lower price, it's possible it is going to jump. However, DPA says to not buy at loosing place. And lower price will be minding current loion. I do not get this part.
    But ok, lets just do the way he says.



    Expire is set half hour prior to Crude Oil Inventories new.

    So overall risk if this will be bought again will be approximately 666 eur

  9. #9
    AUDUSD wasn't bought so currently risking 316 eur.

    Currently in profit, but the problem that I see at 4h chart:



    appears like there is trendline and it ought to be broken, and so far it does not split it.

    However, if we examine 4h chart of Dollar index, it also does not seem like it's going to go up that easily - there was big candle down, now went little up, but this might be merely a correction. If dollar continues to fall, AUDUSD might go up.



    And if the pair breaks that top trendline in 4h chart, the TP might be little to easy. Maybe I need to move TP higher?

  10. #10
    Oh wow this is sick - it struck profit tonight so accurately, and proceeded down





    Really its been so long time since I struck complete profit that I have put. I considered taking candle that is yesterdays large because it was near to profit and r/r ratio reduces a lot when you don't go up SL and price is close to TP. However, I wasn't in the computer at the moment or wasn't looking at the chart.

    Really it surprised me that it moved down. I thougth if it is going to reach my profit, it is going to go much higher. Of course later it might go considerably higher. But now not sure - maybe will need to wait until it closes above 0.788. Or maybe I need to set buy limitation at because EMA 20 would be going up?

    Current balance of trades by DPA 1035.42 eur



    Okay, took a peek at dolllar index:



    Plus it formed bullish pinbar yesterday and now is climbing, thats why for AUDUSD is difficult to go up I guess.


    One sad thing is about EURAUD: as I wrote, I had sell limitation at 1.53092. Yesterday large was 1.53087 and then proceeded down, formed bearish pinbar, and now moved down longer - I missed opportunity just by few points
    On the other hand AUDUSD and EURAUD are linked, so if AUD would dropped, it'd be awful for both pairs. But it might have been great to have at least half of the position EURAUD, because I had AUDUSD. There is a trendline down, so maybe I will how that EURAUD creates a correction and still attempt to sell it

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