Mid-day Forex price action Analysis - 2016-11-03 (Potential setups on EUR/JPY, CAD/JPY, and AUD/NZD) | Forex
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In today's analysis I spot three potential setups, the first on EUR/JPY is the strongest, and I have already set an entry. CAD/JPY and AUD/NZD are pretty both a "maybe", keep a close eye on them. *CLICK BELOW TO SEE MORE* ---------------------------------------------------------------------------------------------------------------- I will try to update this blog post with any new info! LINKS Join my forex Mastermind class: https://www.forex4noobs.com/forex-trading-course/ My website: https://www.forex4noobs.com/ Twitter: https://twitter.com/forex4noobs Facebook: https://www.facebook.com/forex4noobscom-110790142266044/?fref=ts I hope you guys enjoyed the videos and that you find them useful in your trading career, don't forget to leave a like on my videos and subscribe for more content! Check out the Webinar Playlist: https://www.youtube.com/playlist?list=PLEr6TxI3iPbMy4-1Tgz7a7kVTRgag-qPb
Comments
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Where are you nick, Are you OK?
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your videos are the best man i always new price action was the key!! im a begginer i want know how can i get the free trading course i enter my email and havent received anything
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I cannot seem to find the video where he used a website calculator to calculate the pips/stop loss he needs to put for the lot size entered. could someone care to share!
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how often would you say your analysis is correct?
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Nick, another question.
If this trade holds out for more than five 8H candle stick and still consolidating around the support area, would you exit with a slight profit to avoid the risk of a continuing bear run,
or would you still hold on to the trade? How long would you wait out? -
Moving stop to + 10 pips to lock in some profit as I wont be able to monitor this trade for the next two hours. Please not it is very rare that I lock in profits with my stop. I am only doing this as I do not want to hold over the weekend, so I will exit anyway, and I probably cannot monitor this for a few hours.
I will try and check back in on this trade over the next few hours though, and I might exit in that time if it becomes clear sellers are taking control.
Two profitable trades this week from the analysis! -
I am unlikely to hold this trade through the weekend. I will likely close it out early depending on what happens throughout the rest of the day. I will keep you guys updated, I am not rushing to exit, but it is unlikely I will hold over the weekend.
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hi great video! can i know how to get the little box you use to make entry order (with SL,TP and number of Pips ) @9:17 minutes? Tks!
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Hi Nick, EJ limit order was triggered and Im in the trade :)
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Hello Nick, thanks for the analysis, I just have one question related to EURUSD, There was 12h indecision candle form on support/resistance area after a decent preceding trend why wouldn't you consider this as a short sign, I understand that there is a strong trade form last week on daily but is that enough to put me off of this kind of potential trade?
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Great video as always. I'm short on the EURUSD on the 8hr chart. I had also shorted USDCAD on Monday and held it since then but closed out for a small profit today. I know my bad habit is jumping into trades too early sometimes which is why I got into the USDCAD trade. How wide do you tend to have your support and resistance areas pip wise. I know there isn't a precise amount but I'm finding it difficult as they seem so wide when I drill down to lower timeframes.
Thanks!