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96

Naked Price Action Trading : SnR with

Fibonacci (Noob Friendly)

Last Post

Page 1 2345 6

Opened Dec 24, 2014 | Never Closes | 24 Votes

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Post 1

Quote

First Post: Dec 24, 2014 2:26pm | Edited Apr 11, 2015 4:33pm

100%
0%

demolationz

| Commercial Member | Joined Sep 2013 | 196 Posts

Hi ! This is my journal as newbie. I decided to keep track my trade and improve my trading skill.
Method :
Price Action. Support by Fibonacci and SnR only. No fancy indicator.
Entry Setup:
Intraday and Swing
Timeframe :
H1, H4, Weekly
Pair :
Currency and Commodity only.
Terms :
SBR = Support Become Resistance
RBS = Resistance Become Support
Circle Shape = Breakout
Up Arrow = Support
Down Arrow = Resistance
H = High
L = Low
HL = Higher Than Low
LH = Lower Than High
HH = Higher Than High
LL = Lower Than Low

You may ask any questions regarding my trade. Yahoo Messenger, Skype will be given later.
Mostly, all my post are signal based. And trade at your own risk if you wanted to follow.
Ofcourse, I would not entry all of them, but I will share most of my chart homework.
=====================================================================
===============================

First Lesson - Support and Resistance by JGV100

Attached Image (click to enlarge)

A1. Support and Resistance

SUPPORT : Happens when price move from top to bottom but fail to penetrate one line/zone and bounce up. "Any
part at which the market stopped going down and turned up".
RESISTANCE : Happens when price move from bottom to top but fail to penetrate one line/zone and bounce down.
"Any part at which the market stopped going up and turned down".

Attached Image (click to enlarge)

A2. Breakout and Role Reversal Phenomenon

BREAKOUT : Price managed to penetrate Support or Resistance which is a point/line/zone
where exchange function of Support and Resistance happens.
ROLE REVERSAL : Support and Resistance already exchange function at line/zone of SBR,
RBS
SBR : Support Become Resistance
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RBS : Resistance Become Support

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The Big Picture

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=====================================================================
===============================

Second Lesson - Trend by JGV100

Uptrend Price Action Example

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A. Trend
PRICE ACTION (PA) : The way to identify current trend = THE BEST LEADING
INDICATOR
A1. UPTREND : A series of rising peaks and throughs (L, H, HL , HH)
L = Low
H = High
HL = Higher Low
HH = Higher High
PA UPTREND : L - H - HL - HH - HL - HH & SO ON

ACTION : UPTREND = BUY ONLY

A2. DOWNTREND : A series of descending peaks and throughs (H, L, LH , LL)
H = High
L = Low
LH = Lower High
LL = Lower Low
PA UPTREND : H - L - LH - LL - LH - LL & SO ON

ACTION : DOWNTREND = SELL ONLY

Downtrend Price Action Example
Attached Image (click to enlarge)

B. Basic of Trading CSR100

3 IMPORTANT THINGS THAT YOU NEED TO REMEMBER AND FOLLOW WHEN
TRADING!
1. TRADE WITH THE TREND : Trend is your friend. Treat trend as your "lover". Do not ever

trade against the trend. Its easier to profit when you "Trade with the Trend" compared to "Trade
against the Trend".
UPTREND : BUY ONLY
DOWNTREND : SELL ONLY
2. BUY AT SUPPORT : Buyers enter the market at Support and take control from the sellers. It
means, enter "BUY" only at "SUPPORT". It is wrong if you buy at Resistance.
CSR100 technique : Buy at RBS (Resistance Become Support)
Attached Image (click to enlarge)

3. SELL AT RESISTANCE : Sellers enter the market at Resistance and take control from the
buyers. It means, enter "SELL" only at "RESISTANCE". It is wrong if you buy at Resistance.
CSR100 technique : Sell at SBR (Support Become Resistance)
Attached Image (click to enlarge)

Post 2

Quote

Dec 24, 2014 2:37pm | Edited Dec 25, 2014 1:34pm

demolationz

| Commercial Member | Joined Sep 2013 | 196 Posts

Double bottom. Safe to long with 55 pips to SBR line. Short using pending order with tight
SL. If hit support line, it will be 55 pips gain. With total 110 pips.
Attached Image (click to enlarge)

Post 3

Quote

Dec 24, 2014 2:52pm | Edited Dec 25, 2014 1:33pm

demolationz

| Commercial Member | Joined Sep 2013 | 196 Posts

Price tried 2 times at Resistance line and did not manage to break. Sell with 30 pips with
take profit at RBS line. Buy at RISK (Trend is down) with 30 pips back with tight SL.
Attached Image (click to enlarge)

Post 4

Quote

Dec 24, 2014 3:02pm | Edited Dec 25, 2014 1:33pm

demolationz

| Commercial Member | Joined Sep 2013 | 196 Posts

What to expect ? Gold Pullback and long till 1183.58 and pending sell at 1183.58. Take
profit 1172 (Locking 111 pips here)which extend to 1158 hopefully.
Attached Image (click to enlarge)

Post 5

Quote

Dec 24, 2014 3:08pm | Edited Dec 25, 2014 1:33pm

demolationz

| Commercial Member | Joined Sep 2013 | 196 Posts

Still have time to enter ? EURJPY cannot break the SBR level yet. Targeting 195 pips.
Attached Image (click to enlarge)

Post 6

Quote

Dec 25, 2014 1:32pm

demolationz

| Commercial Member | Joined Sep 2013 | 196 Posts

Waiting for 2ND Retest at RBS line. Before going short for 120 pips.
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Post 7

Quote

Dec 25, 2014 2:02pm

demolationz

| Commercial Member | Joined Sep 2013 | 196 Posts

Attached Image (click to enlarge)

Post 8

Quote

Dec 25, 2014 6:22pm

demolationz

| Commercial Member | Joined Sep 2013 | 196 Posts

Attached Image (click to enlarge)

Update for EURUSD today. Best to sell with tight SL.

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Post 9

Quote

Dec 25, 2014 6:40pm

demolationz

| Commercial Member | Joined Sep 2013 | 196 Posts

It was clear entry for short.

For long, entry with tight SL and take profit at SBR line. Will keep updating.
Attached Image (click to enlarge)

Post 10

Quote

Dec 25, 2014 6:50pm

demolationz

| Commercial Member | Joined Sep 2013 | 196 Posts

What did you guys see? Whether you want to take 195 pips* or more than that?
*Refer post #6
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Post 11

Quote

Dec 25, 2014 7:10pm

jops

| Joined Oct 2014 | Status: Member | 97 Posts

Quoting demolationz
Hi ! This is my journal as newbie. I decided to keep track my trade and improve my trading skill.
Method : Price Action. Support by Fibonacci and SnR only. No fancy indicator. Entry Setup:
Intraday and Swing Timeframe : H1, H4, Weekly Pair : Currency and Commodity only. You may
ask any questions regarding my trade. Yahoo Messenger, Skype will be given later. Follow my
Facebook Group : www.facebook.com/groups/1460195314213467/ Mostly, all my post are
signal based. And trade at your own...
demolationz, i have a few questions please. 1) what is SnR... support and resistance? 2) what is
SRB level? 3) why you based your trade on 3 TFrames, isn't it confusing and prone to mistakes
especially if you are in a hurry to enter on quick moving candles rather than concentrating only
entering only on one timeframe e.g. only using H1 only? how do you draw the Fibonacci level, is
it swing high, swing low of same time frame you base your trade on or from higher, e.g. trade
based on H1 TF but FIBS base on on D1. Hope this is not too much to answer, thanks in
advance.

Post 12

Quote

Dec 25, 2014 7:56pm

behman8850

| Joined Feb 2009 | Status: Member | 786 Posts

Hello Demolationz Is Mkt open yet? My fxcm is Not open in USA!!

I am looking forward to your trades.
thanks.
Seems Very Interesting! Merry Xmas and All The Best in 2015 happy New Year.

Post 13

Quote

Dec 26, 2014 7:43am

demolationz

| Commercial Member | Joined Sep 2013 | 196 Posts

Quoting jops
{quote} demolationz, i have a few questions please. 1) what is SnR... support and resistance? 2)
what is SRB level? 3) why you based your trade on 3 TFrames, isn't it confusing and prone to
mistakes especially if you are in a hurry to enter on quick moving candles rather than
concentrating only entering only on one timeframe e.g. only using H1 only? how do you draw
the Fibonacci level, is it swing high, swing low of same time frame you base your trade on or
from higher, e.g. trade based on H1 TF but FIBS base on on D1. Hope this is not too much...
What is SnR?

SnR = Support and Resistance

What is SBR? RBS?

Its a role reversal condition.

SBR = Support become Resistance

RBS = Resistance become Support

Why you based your trade on 3TF?

Actually, you need to focus on 1 TF only. The condition of the setup is. Find role
reversal condition. Whether it is on H1, H4 or Weekly, it does not matter. The higher the
timeframe, the higher the pips we can gain. And the price must be retest 2 times. before
entering.

Post 14

Quote

Dec 29, 2014 3:05am

demolationz

| Commercial Member | Joined Sep 2013 | 196 Posts

GBPUSD H1
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Post 15

Quote

Dec 29, 2014 3:44am

demolationz

| Commercial Member | Joined Sep 2013 | 196 Posts

AUDUSD H1
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Post 16

Quote

Dec 29, 2014 9:56am

demolationz

| Commercial Member | Joined Sep 2013 | 196 Posts

AUDCAD H1
Reason : 2nd retest at SBR(Support become Resistance) level. Bill William's Awesome Oscillator is red.
Attached Image (click to enlarge)

Post 17

Quote

Jan 4, 2015 12:19am

demolationz

| Commercial Member | Joined Sep 2013 | 196 Posts

Blow Off Setup.

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Post 18

Quote

Jan 4, 2015 12:32am

demolationz

| Commercial Member | Joined Sep 2013 | 196 Posts

Attached Image (click to enlarge)

Post 19

Quote

Jan 4, 2015 12:16pm

demolationz

| Commercial Member | Joined Sep 2013 | 196 Posts

Already included the terms use in my trading. Refer 1st page.

Terms :
SBR = Support Become Resistance
RBS = Resistance Become Support
Circle Shape = Breakout
Up Arrow = Support
Down Arrow = Resistance
H = High
L = Low
HL = Higher Than Low
LH = Lower Than High
HH = Higher Than High
LL = Lower Than Low

Post 20

Quote

Jan 4, 2015 12:30pm

demolationz

| Commercial Member | Joined Sep 2013 | 196 Posts

What do you guys think?

Attached Image (click to enlarge)

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Naked Price Action Trading : SnR with Fibonacci (Noob Friendly)

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