Monthly, Daily and Hourly Price Action Studies! (Please, leave your comment)

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hSlash

New Member
Sup everyone. Hope you doing alright!

I'm Hiran (Brazil) and I've been studying price action for a few months.
I have decided that I wanna share my everyday studies from the EURO/USD in order to build more confidence and knowledge through this methodology.

The main reason why I want to share this is that I don't know anyone else to talk and discuss forex. That's the reason I wanna hear your opinion about it! Let me know whatever I can improve for my next studies. Any ideas are welcome!! Thanks in Advanced.

Today I'm posting my studies from the monthly, daily and hourly chart and I'm always trying to figure both sides out (Bulls and Bears) for a better understanding of what's coming next.

Regards,
Hiran.
 

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amtradingfx

Member
Hey dude... in my opinion do not focus so much on this kind of stuff ... predicting what price might do is nearly pointless.. markets dont work that way... yes of course it could do as you have drawn in but it also can do 1000 other things..

focus on working on risk management strategies when you have something robust you will start to see big changes to your trading.. TOO many people focus on what you are doing and its not really a surprise we have such high failure rates for retailers.. Because chart analysis is really one of the least things one should focus on

again this is my opinion people will disagree with me which is fine but this is what i have observed and when i moved away from deep chart analysis and focusing on risk management strategies thats when my trading also changed

good luck
 

hSlash

New Member
Hey dude... in my opinion do not focus so much on this kind of stuff ... predicting what price might do is nearly pointless.. markets dont work that way... yes of course it could do as you have drawn in but it also can do 1000 other things..

focus on working on risk management strategies when you have something robust you will start to see big changes to your trading.. TOO many people focus on what you are doing and its not really a surprise we have such high failure rates for retailers.. Because chart analysis is really one of the least things one should focus on

again this is my opinion people will disagree with me which is fine but this is what i have observed and when i moved away from deep chart analysis and focusing on risk management strategies thats when my trading also changed

good luck
Thanks for your reply fader. I'm slowing improving my risk management. For me, it is one of the most important things as you said.
Cheers
 

amtradingfx

Member
Thanks for your reply fader. I'm slowing improving my risk management. For me, it is one of the most important things as you said.
Cheers
no problems one other thing and maybe help to others... what i have found trading becomes a very personal thing... when you get it it will be difficult to explain to people your style and reasons why you do things.... your risk management will become very personal to as it will all become a mental thing... trading is all psychology + risk management the rest is secondary
 

AshBoost

New Member
Sup everyone. Hope you doing alright!

I'm Hiran (Brazil) and I've been studying price action for a few months.
I have decided that I wanna share my everyday studies from the EURO/USD in order to build more confidence and knowledge through this methodology.

The main reason why I want to share this is that I don't know anyone else to talk and discuss forex. That's the reason I wanna hear your opinion about it! Let me know whatever I can improve for my next studies. Any ideas are welcome!! Thanks in Advanced.

Today I'm posting my studies from the monthly, daily and hourly chart and I'm always trying to figure both sides out (Bulls and Bears) for a better understanding of what's coming next.

Regards,
Hiran.
I Like your TA.
When the Price action shows ,your support Ressistance lines are valid,trust in them for entries.Looks ok to me.
 
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