DislikedHow we know that price won't go down more? ( for AUDUSD ). Should we wait for bulish candle for next candle?Ignored
Divergence and hidden Divergence 122 replies
Extracting Historical Prices but only certain Candle Sticks 0 replies
The Market Explained by candle sticks and price action 124 replies
High's and Lows of Candle Sticks 7 replies
DislikedHow we know that price won't go down more? ( for AUDUSD ). Should we wait for bulish candle for next candle?Ignored
Dislikedfor "possible" LONG setups. As things stand now and we have 10 more minutes to go for this candle to close, we are getting nice hammer formations on EJ, GJ and UJ with clear divergence on RSI. I see that EJ and GJ are at previous resistance levels which may become support now. So this would be a nice setup if we trigger long. The only bad thing about it is that we are in NY afternoon time which is generally super slow.Ignored
DislikedThis level may give us an opportunity for a short trade as the pair is sitting at parity which "should" be an important psych level... keep an eye on this levelIgnored
Dislikedwhat is the best method to place our TP ? thank you so much sir Pure Price!
http://i42.tinypic.com/23vm5gm.jpgIgnored
Dislikedgood calls PP. Please keep posting your charts for us ignorant of this pure trading style Even if after the fact that way I can check and see if I saw what I thought i saw....
cheersIgnored
Dislikedthis pair looking to put in a hammer candle with divergence maybe if it continues in the next 10 minutes.
It is Friday late morning so be cautiousIgnored
Disliked
i would look always for previous support and resistance for possible target points. I have attached a H1 chart (TP = gold price label), there you can see the neckline of SHS-pattern, this is a strong support area (TP1). If we break this, we have a broken trendline, where we may can expect a possible bounce and retest (TP2). Equal how the market will go, on this trade i would advise very tight SL as we had a straight upmove the last hours and a continuation is anytime possible.
Hopefully this helps a little bit :-)
Regards...
ChrissIgnored
DislikedI generally like to place a first TP at the same amount as my SL. SL is normally a few pips above or below the high/low of the pinbar (or englufing) candle depending hther you are going short or long of course. So that should be eay to do, and will give you a chance to make some money on the trade and would be a 1:1 risk. If you are a trader that would liek to stay in the trade and get more out of it incase it continues in your favour. Then as your trde hits first target(TP1) as above, close part of your position (1/2 or 1/3, that is up to you)...Ignored