Forex Price Action Analysis – 2016-05-10 (forex4noobs.com)

In today's price action analysis I spot four potential trade setups. Out of the four setups, EUR/JPY looks to be the strongest. Price is stalling heavily on the 124.50 resistance area, and it looks like a short trade is forming. *CLICK BELOW TO SEE MORE* ---------------------------------------------------------------------------------------------------------------- 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 We also have a setup forming on AUD/JPY, that might have some potential. And there are also trades on GBP/USD and USD/CAD. I will probably skip those two setups because they wont meet my minimum risk to reward ratio of 2. However, if your RR minimum is lower than mine, you may want to consider them.

Comments

1. Why didn't you use OCO orders? Based on the indecision candle, you can set the OCO orders for both long and short. In that way, you won't miss either trade.
   
   Furthermore, if you are expecting a reversal (gut feeling) after the indecision candle, you can create a OCO order without waiting for any confirmation by setting an entry price higher or lower than wick length of indecision candle (depending whether you intend to short or long).
   
   What do you think? Many thanks for your excellent videos. Keep up the good work!
2. Does anyone knows which tool has been used in the chart to place the stop/loss and entry point. Please refer to 4.17 min to see which tool im referring too. Thanks a lot
3. How I get the platform
4. please do morr videos during the week
5. good video!!!
6. good vid thanks. 'Bugged' candles are gaps no?
7. Great job man, somehow I missed you when I was looking for some source of knowledge in fx years ago (doh!). But you have for sure good content, thanks for doing this ! Catch my sub.