Forex Trading With Simple Setup - page 4

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Ramdas dumbre
355
Ramdas dumbre  

EUR/USD Uptrend formation chart pattern.

Hello everyone,

Here is EUR/USD Uptrend formation chart , i have attached pattern on chart.

I am posting these chart to show how patterns are form and which is the best entry point.

Best Regards

Ramdas

Files:
eur_usd.gif 33 kb
Ramdas dumbre
355
Ramdas dumbre  

GBP/USD chart with comments

Hello everyone,

Here is GBP/USD chart , Pl refer comments on chart.

Best Regards

Ramdas

Files:
Ramdas dumbre
355
Ramdas dumbre  

GBP/USD chart and EUR/USD chart with UP pattern

Hello Everyone,

GBP/USD chart and EUR/USD chart with UP pattern.

PL Refer attachement and check for UP pattern.. this is clean UP pattern.

You can check very precise entry point.

I personaly did not belive as price could rise further after so much good up movement. But chart and price pattern suggested UP pattern and price rise with good pips.

Pl feel free to post your observations and comments.

You can post your chart.

Best Regards

Ramdas

Files:
eur_usd.gif 22 kb
newt
173
newt  
ramdas:
Dear newt.

i have given setup in post 1, it is simple 5min chart. and same setup wokrks on 1Min Chart also..when market is moving fast you can check 1min chart. main thing is observing UP and down pattern. which i have posted in post 8 if you just observe that pattern. that is enough.

explanation of pattern is...when price goes above sma50 (5min chart) it suddenly drop and touch sma50 and then rebound from sma50(red color) and goes up..this gives indication as price want to move up. and warning for short pos. only trade clear pattern.. ensure next sma600 is sufficient away to give sufficient pips.. each sma is important in this setup..if you just observe this setup for some day..you can easly unserstand price dynamic how price moves in between these SMA. If all sma come togather within 20 to 30pips then there is strong breakout ahead.

I trade this setup with main currency..JPY EUR, GBP USD & CHF

for this currency i trade USD/JPY, EUR/JPY, GBP/JPY, EUR/USD USD/CHF,GBP/USD, I Observed this currency forms good patern which i mention. if you find ay other pair which is good to trade with this pl share.

also if you obsere any other paterns the pl share.

main thing is understanding price setiment which is reflected on chart as price action. there are times when price is news driven and price do not follow any setup ..but after that momuntum gets cool price follow setup.

what i observe on this setup is.. many times sma600 and sma2400 act as good support and resistance.

Best Regards

Ramdas

thanks,im following your thread slowly

i'll post my observation...

newt
173
newt  

uptrend formation?

still learning to recognise the pattern

Files:
viat
31
viat  

Hi Ramdas. Excellent observation dynamics of a price movement. How long do you trade those patterns?

viat

Ramdas dumbre
355
Ramdas dumbre  
newt:
uptrend formation? still learning to recognise the pattern

Hi newt,

you are correct.. chart posted is perfect. price cross above sma50 then tested sma300 and again tested sma50 and again gone up cross above sma300 and again drop to sma50 and then then sudden rise and trend start. second tick is exact buy point. where smart trader go long.. that is why price has gone up and continue up. this is the pattern one should observe. first target is sma2400touch.where one need to exit trade and wait for further price action or book partial profit and wait further action.

You can check how precise is the entry point.. with very minimum pips risk.

Best Regards

Ramdas

Ramdas dumbre
355
Ramdas dumbre  
viat:
Hi Ramdas. Excellent observation dynamics of a price movement. How long do you trade those patterns? viat

Hi Viat,

I started spoting such price behaviour 8month before.

But at that time i was not using SMA.. then i do lot of observation.

spend lot of day's and night in observing price action.

and last three month after doing lot of experiment i come to this setup.

But fact is.... setup works. and that is important.

Best Regards

Ramdas

Ramdas dumbre
355
Ramdas dumbre  

Some notes

Hello Everyone

when price form up or down pattern out of some consolidation, that is good pattern.

when price has moved up very strongly it will not fall immediately on first fall pattern. keep patience, don’t be greedy to enter on first pattern. if you enter at first fall pattern. then exit with some 10 to 20 pips...do not expect maket will fall 100pip immediately.

start from Japan open to London close.. price forms at lest three patterns. UP and down. if you are wrong in identifying pattern..don't hold pos with ego. Remember there are continues opportunities in market.

Keep watch on important news event.. during news event price is news driven and will not follow any price pattern. But if you observe in news event also price swing between stronger sma sma600 or sma2400.

Don't get frustrated due to BAD hit... keep drawdown minimum.. it is BAD Money management to loose 10 to 20% in one BAD hit.

There are some day's when market is very choppy. stay away in those day's

Keep pations market gives you lot of opportunity.

wait for market to come to you and don't chase market.

These are my little words.. you can add more in this.

Best Regards

Ramdas.

Ramdas dumbre
355
Ramdas dumbre  

GBP/USD Price dynamic old chart

Hello Everyone,

I have attached one old chart Oct 24 to show price dynamics.

Best Regards

Ramdas

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