Staeggers Price-Action Trading -
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thread: Staeggers Price-Action Trading

  1. #11
    Welcome to the thread MJurban. And AUD trade looked great. I missed the entire move because I was off and was planning on getting back in time to the european open. It's not nice when markets make such moves and you are off lol but it's arite, there is always tomorrow.

    Ill post some more charts if I visit a possible trade.

    Again welcome!

  2. #12
    No trades in oriental available today, I will post the charts later.

  3. #13
    Seems like our standing on the sidelines was vindied today. Hopefully we'll break from these awful ranges at the euro open. . Keep your fingers crossed.

  4. #14
    Great. Thumbs Up for PA trading

  5. #15
    hi staegger,
    do u use candlestick because this example eurgbp the rectangle is a HighClosedDoji it says buy on the close or on the next open following having a new closing high is created from the preceding doji candlle high, especially when the market is contrary to a crucial pivot point service goal amount.
    So in the book candlestick and pivot point trading triggers from J.L.Person
    eurgbp there isn't much room to the ema(100), only 7 or so pips therefore no trade for me now

  6. #16
    Thank you for the vote of confidence Kingfisher, I expect to see you leading to the future!

    MJ, I don't normally trade EURGBP therefore that I don't actually have a fantastic grip on its own moves but if you notice that large rally off the lows and draw on the fibs, you will see that the retracement of that rally stopped dead at 61%. But if you enlarge the chart you will see that the high of that rally was really the end of the 61% retracement of the major drop from .8791. So at this point I'd be on the sidelines since there's no obvious direction.

    This pair has slapped me numerous times before so that I quit trading it. This and usdjpy I wouldn't touch them with a ten foot pole, however, you are welcome to post charts and I'll post my remark as best I know the circumstance.


    As for right now, my choice to keep on the sidelines before was vindied as now's range has been dreadful that's understandable after yesterday's drop but hopefully we'll find a fantastic chance at euro open. As I said before I search for 1-2 transactions A installments every day, that is more than enough to put food on the table. Happy trading.

  7. #17
    This is my analysis.

    GU: Haramis later haramis!!! The bars have been getting smaller and remaining inside preceding hourlies for the past 3 hours. I will go long over 1.6160 and brief below 1.6124. However I will wait for confirmation of rest of the range before committing.

    EJ: Still in a range and I really don't feel this is a valid disadvantage break yet, there's very low momentum. I will wait until the 12am ny pub closes prior to committing.

    GJ: Much like the EJ. I am not committing prior to the true euro open.

    EU: Just Awful range looks like it is sleeping and is not interested in any actions. I do not usually trade EU all that way, unless I see a confirmed break.

  8. #18
    Seems like I was wrong and also the rest on EJ was genuine. But all is not lost yet, it'll come back to test service now turned resistance at 126.00 and maybe we can go brief then. Even though we missed the boat this time, there'll be other opportunities as euro has not even opened yet.

    Stay tuned and let's make some damn pips!

    And MJurban I do not believe I responded fully to your earlier question. Yes I definitely look at SR but I look at it in a little different manner, I'm not a great teacher but as we proceed forward I'll try to describe it more. As with snare bars and harami bars, yes I look at them too but I'm more concerned with the context in which they happen. Meaning if they had been at a high/low or if they are in between the noise. The harami bars occuring today on GU are present in a valid range on that pair so that unless it breaks a service lower I marked higher than that I'm not going long, and comparable wit the brief's story.

    Hopefully that answers your questions, and keep'em coming!

    Alert! : ON GU, it broke 1.6124 but I DID NOT go short. I don't think there's enough momentum. So even though I stated 1.6124 to go brief from, I mentioned the context in which I'd, i.e. close to or after euro open.

  9. #19
    Wanted to go long on GU but it turned out to be a counter trend trade so averted it. Everything looks like its trying to make a bottom. Today was a very confusing and unpredictable day and we have been on the sidelines all day. In hindsight I do see some fantastic possible trades that might have been obtained with a max 20-30 pip risk and could have paid off handsomely on the way down but hey that's the name of the game. Better to protect your account on times such as this. Tonight I shall be in front of my comp a small extra early to discuss today and mark up the potential trades so you will have a lot of time before the target price to opt to take a trade. Let us go from there. See you all tomorrow.

  10. #20
    New Commerce:

    GBPUSD S 1.6140 s/l 30 pips t/p variable

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