Price Action Studies on the ES and FX charts - Traders Hideout | futures io social day trading
futures io futures trading


Price Action Studies on the ES and FX charts
Updated: Views / Replies:930 / 9
Created: by mrBean888 Attachments:9

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Price Action Studies on the ES and FX charts

  #1 (permalink)
Elite Member
Singapore
 
Futures Experience: Beginner
Platform: CMC Markets, Phillips Capital
Favorite Futures: Forex, Stocks
 
mrBean888's Avatar
 
Posts: 176 since Mar 2012
Thanks: 220 given, 139 received

Price Action Studies on the ES and FX charts

I would like to start a thread on price action observations on the 5 minute charts of ES and the FX major currencies. The purpose is to note and share my observations. It is not a trading journal because there are no trades described here. The focus is on the behaviour of price and possible setups to learn from.

The first is a trend reversal on the ES:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


1. There was a L2 or L3 setup at the ema. At this time, the trend was down. Price was below the ema. The bar and tail sizes were not large and there was not a lot of overlap between the bars.

2. There was a big bull bar up which broke the bear trend line. This was also the 2nd leg up. 2 bars later, a bear bar formed. There could be a test of the low extreme. However, the bull bar up was strong and there was no 3 bar reversal set up. It was better to wait.

3. There was a 3rd push up. Price fell from the new high to form a doji bar with a long upper tail. The next bar was a bear bar down. With 3 pushes up, a 3 bar reversal set up and failed breakout, this could be the start of a test of the extreme low.

4. There was a TTR just below the ema with higher lows. Before the TTR, there was a possible double bottom higher low. The TTR itself contained mostly bull bars with higher lows. This was a sign of bulls gathering strength. A breakout followed soon.


Last edited by mrBean888; November 2nd, 2014 at 07:02 AM.
Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Singapore
 
Futures Experience: Beginner
Platform: CMC Markets, Phillips Capital
Favorite Futures: Forex, Stocks
 
mrBean888's Avatar
 
Posts: 176 since Mar 2012
Thanks: 220 given, 139 received

Trending On What Looked Like a Trading Range Day


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


1) At this point and in the zoomed out view, price looked like it was in a trading range. Instead of a bear follow through after 3 big bear bars, there was a series of bull bars above the ema with lower tails, indicating that buyers were coming in. With some way to go to the prior high or range top, there could be more upward movement. Price was also above the ema for some time.

2) After the prior bullish push consisting of 6x bull bars, bear bars started to appear. With such strong bullish movement, there could be another move up after price pulls back to the ema. There was a H2 setup at the ema. This was also a small ascending triangle above the ema.

3) After the breakout to a new high, there was a TTR above the ema and breakout level. This could be a breakout pullback or a flag. As the TTR drifted towards the ema, there was another H2 setup.

4) Price went up again. This time, it was in a tighter bull channel. There were 3 pushes up and a bear wedge shape. However, the bull strength was strong. Price was always above the ema, the pullbacks were small, the bars and tails were small and they were mostly bullish. Shorting was a low probability trade. It could be considered only at or above the range extreme and if there was a strong break of the bull trend line followed by a pullback.

Reply With Quote
The following user says Thank You to mrBean888 for this post:
 
  #4 (permalink)
Elite Member
Singapore
 
Futures Experience: Beginner
Platform: CMC Markets, Phillips Capital
Favorite Futures: Forex, Stocks
 
mrBean888's Avatar
 
Posts: 176 since Mar 2012
Thanks: 220 given, 139 received

Trend Continuation on the Eur/USD

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


1) The bear trend was strong. The pullbacks were small and price was always below the ema. The bars were small and had small tails. There was not much overlap between the bars.

2) After forming a range below the ema, there was a big bar up which broke the bear trend line. The first trend line break in a strong trend would likely lead to a continuation of the trend. This was also the first ema gap high. A double top formed several bars later above the ema.

3) After the trend line break, price started to fall back for a test of the prior extreme low before either a reversal or trend continuation. At this point, there was a TTR below the ema following a first leg down. This was a bear flag below the ema. There was also ample space for a second leg before reaching the prior extreme low.

Reply With Quote
The following user says Thank You to mrBean888 for this post:
 
  #5 (permalink)
Elite Member
Singapore
 
Futures Experience: Beginner
Platform: CMC Markets, Phillips Capital
Favorite Futures: Forex, Stocks
 
mrBean888's Avatar
 
Posts: 176 since Mar 2012
Thanks: 220 given, 139 received

Trading Range on the Eur/USD

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


1) Price had large bars and tails with lots of overlap. There was a failed bull breakout spike and price fell back sharply. This was trading range behavior.

2) There was then a failed bear breakout spike which went below the prior low. The breakout also failed and a bull reversal bar formed instead.

3) Price formed another bull swing. There was a bull reversal bar above the ema. This could be the start of the 2nd leg up and there was ample space from the ema to the prior high.


Last edited by mrBean888; November 9th, 2014 at 12:57 AM.
Reply With Quote
The following user says Thank You to mrBean888 for this post:
 
  #6 (permalink)
Elite Member
Singapore
 
Futures Experience: Beginner
Platform: CMC Markets, Phillips Capital
Favorite Futures: Forex, Stocks
 
mrBean888's Avatar
 
Posts: 176 since Mar 2012
Thanks: 220 given, 139 received

Bull spike turned into a Bear Trend

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


1) There was a 2 legged bull spike up from the market open. This could be a bull spike and channel or a bull swing in a trading range.

2) Price fell from the spike and formed a TTR at the ema. It was still unclear whether a channel would form or price would form a trading range.

3) There was a bear bar down past the prior bull spike. At this point, a bull channel formation looked unlikely and a trading range could be the next outcome. Need to watch for the formation of a bull leg.

4) Price went up but did not show bullish strength. In fact, it stalled just below the ema forming a TTR below the ema. At this point, instead of price going back up in a range, there could be a bear breakout.

5) There was a bear breakout followed by a pullback and another TTR below the ema. This was a pause before price went down further.

Reply With Quote
The following user says Thank You to mrBean888 for this post:
 
  #7 (permalink)
Elite Member
Singapore
 
Futures Experience: Beginner
Platform: CMC Markets, Phillips Capital
Favorite Futures: Forex, Stocks
 
mrBean888's Avatar
 
Posts: 176 since Mar 2012
Thanks: 220 given, 139 received

Ascending Triangle Breakout after a Bear Trend

Signs of an Ascending Triangle breakout after a bear trend

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


1) Strong break of bear trend line

2) Breakout pullback (from the trendline break), higher double bottom, higher low test of the extreme

3) Higher lows, price remained mostly above the ema without deep pullbacks, TTR above the ema

4) Flag after a strong ascending triangle breakout consisting of 3 bars. Reversal bar within the flag.

Reply With Quote
 
  #8 (permalink)
Elite Member
Singapore
 
Futures Experience: Beginner
Platform: CMC Markets, Phillips Capital
Favorite Futures: Forex, Stocks
 
mrBean888's Avatar
 
Posts: 176 since Mar 2012
Thanks: 220 given, 139 received

Continuation of Bear Trend

Signs of continuation of a bear trend

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


1) Price below the ema, clear down trend, prior bull trend line clearly broken. No big bars, tails and not much overlaps between the bars.

2) Gentle up-sideways pullback above the ema. No strong break of bear trend line

3) TTR below the ema

4) Strong bear outside bar following a second pullback and a possible first bear trend line break. First trend line breaks may not succeed.

Reply With Quote
 
  #9 (permalink)
Elite Member
Singapore
 
Futures Experience: Beginner
Platform: CMC Markets, Phillips Capital
Favorite Futures: Forex, Stocks
 
mrBean888's Avatar
 
Posts: 176 since Mar 2012
Thanks: 220 given, 139 received

TTR below a range top before a breakout

5 min chart of the Euro/Usd

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Observation

Price is in a trading range. In the bull swing up to the range resistance, there was a tight trading range above the ema and just below the range top. The TTR consisted of a tight cluster of bars with slightly higher lows. It could be a small ascending triangle too.

Additionally, there was a failed bull breakout bar which ended up as a doji with a long upper tail. However, there was no bear follow through from the failed bull break out.

There was a successful bull breakout later.

Reply With Quote
 
  #10 (permalink)
Elite Member
Singapore
 
Futures Experience: Beginner
Platform: CMC Markets, Phillips Capital
Favorite Futures: Forex, Stocks
 
mrBean888's Avatar
 
Posts: 176 since Mar 2012
Thanks: 220 given, 139 received

Fading the low in a trading range


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Observation

The day was a trading range session.

Price was coming off after exceeding the lows at (1). There was a break of the bear trend line as price went up to (2) and formed a higher low at (3).

There was a bull reversal bar near (3) just below the ema followed by a pause just above the ema (orange arrow) before the strong bull advance.

Reply With Quote

Reply



futures io > > > Price Action Studies on the ES and FX charts

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Trading spot fx euro using price action Adamus Trading Journals 844 July 1st, 2016 09:22 PM
Trading Price Action on EURUSD Spot FX isaacsu Trading Journals 22 May 14th, 2014 05:47 PM
Fat Demon's: ES Price Action Journal FatDemon Elite Trading Journals 114 May 6th, 2013 05:19 PM
Scalping ES with price action trading Southbay Emini Index Futures Trading 42 September 11th, 2011 01:10 AM
CW's ES Price action trading Journal cw30000 Trading Journals 25 September 28th, 2010 10:54 AM


All times are GMT -4. The time now is 03:03 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-14 in 0.16 seconds with 20 queries on phoenix via your IP 54.145.16.43