Unique Forex Price Action Trading - Institutional Levels

This is a discussion on Unique Forex Price Action Trading - Institutional Levels within the Trading Journals forums, part of the Reception category; Watching this 86.6 area on AUDJPY... given the AUD weakness and the expectation for a pullback on most other xxx/JPY ...

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Old Dec 19, 2016, 1:38am   #9
Joined Dec 2016
Unique Forex started this thread Watching this 86.6 area on AUDJPY... given the AUD weakness and the expectation for a pullback on most other xxx/JPY pairs, a pullback to the figure could be a good opportunity to go short.

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Old Dec 19, 2016, 1:40am   #10
Joined Dec 2016
Unique Forex started this thread Trading Setup # 2 [PENDING]

Currency Pair: AUD/JPY
Position: Short
Entry Price: 86.6
Stop Price: 86.96 (36 pips)

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Old Dec 20, 2016, 4:10am   #11
Joined Dec 2016
Unique Forex started this thread These xxx/JPY pairs are clearly pulling back. I am looking to get short EUR/JPY just ahead of the 122.5 figure

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Old Dec 20, 2016, 4:11am   #12
Joined Dec 2016
Unique Forex started this thread Trading Setup # 2 [PENDING]

Currency Pair: EUR/JPY
Position: Short
Entry Price: 122.5
Stop Price: 123 (50 pips)

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Old Dec 20, 2016, 4:24pm   #13
Joined Dec 2016
Unique Forex started this thread
Quote:
Originally Posted by Unique Forex View Post
Trading Setup # 2 [PENDING]

Currency Pair: EUR/JPY
Position: Short
Entry Price: 122.5
Stop Price: 123 (50 pips)

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I got entered into this position throughout the London session 12.20.16.

Trading Setup # 2 [ACTIVE]
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Old Dec 24, 2016, 12:46pm   #14
 
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Joined Dec 2016
Quote:
Originally Posted by Unique Forex View Post
Trading Setup # 1 [PENDING]

Currency Pair: GBP/USD
Position: Short
Entry Price: 1.256
Stop Price: 1.2598 (38 pips)

Explanation of setup: https://youtu.be/JyGcfcV_aIM
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I also noticed another technicality from the pairs positive divergence and it was followed by a negetive reversal, on the chart i mean i am just imagining the price action movements RSI.

Last edited by Carnegie; Dec 24, 2016 at 1:35pm.
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Old Jan 10, 2017, 1:21pm   #15
Joined Sep 2006
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Originally Posted by Carnegie View Post
I also noticed another technicality from the pairs positive divergence and it was followed by a negetive reversal, on the chart i mean i am just imagining the price action movements RSI.
It's quite easy to pick institutional levels. It's called the 60 min chart, taking special notice of swing highs and lows made between 7am-7pm UK time for EUR/GBP pairs.
Think about it, how much money is needed to turn price and make a new swing on a 1 hour chart as opposed to a 1 minute chart? Only big money can do this. As such, the 1 hour and 4 hour levels are your guide to institutional buying and selling.
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Old Jan 23, 2017, 9:52pm   #16
Joined Jul 2007
It seems that After December, there are no posts by 'Unique Forex'. LOL
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