USD/CAD
this beautiful pin wash me out of my even better short trade...nice profit anyway
this beautiful pin wash me out of my even better short trade...nice profit anyway
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedwere you short the USDCAD? Looking at the daily last night I went long and am up and BE at the momentIgnored
DislikedHi bullzeye, can you tell me the signal you used to go short this one? Thank you.Ignored
DislikedI didn't like how the HCR/LCS levels were zigzaged or staggered apart. A nice clear, striaght level with a nice build of consolidation that is trading into Space is what I prefer.
But it did work out nicely ..they often do at these S/L placements.
JimIgnored
DislikedTo use the Daily Close Confirmation you simply wait for the Daily Close to make your decision . .which I believe James16 uses this approach also.
Or to use a touch trade at this level, you could use a Hourly Close Confirmation thing. .Ignored
Dislikedhow would you enter using a daily close confirmation ? price breaks though and closes above a HCR level. Now we are looking for the area to hold as support. Price retests the level (or doesnt) and closes above the hcr level after the pbt&ca candle ... where do we enter ? Any examples with the daily and hourly close confirmations ?Ignored
DislikedI totally agree, that's a good strategy. By the way, I see you are a fan of Mr. Gauss. I haven't read anything about him yet but I sure will do. I strongly admire those polymaths of ancient times who were not only good scientists but great artist and philosophers, too.Ignored
DislikedI put an example of the confirmation bar on the last page on my GBP/JPY trade the confirmation bar is one that touches the highest HCR level but cannot close above it, this confirms that the level is still resistence. I then set my orders at the HCR level and trade off a touch of that level.
I am demoing this way because I cannot watch charts all day in order to use the hourly signatures that I would use if I were just touch trading the levels without the daily confirmation bars.
The success rate to the FTA is proving to be very successful at...Ignored
DislikedSome people are short on this, I'm long. The pbtca/b traders are looking at the rejection of the hcr. I believe this hcr was caused by the 150 ema- see how well prce has respected it. Now I have enough confluence (wedge breakout, 150 ema, brn with previous resistance and a dblhc) to get me into a trade with a low stop loss and look for runner to next brn- it may not get there but I will have stop to be asap.Ignored
DislikedI put an example of the confirmation bar on the last page on my GBP/JPY trade the confirmation bar is one that touches the highest HCR level but cannot close above it, this confirms that the level is still resistence. I then set my orders at the HCR level and trade off a touch of that level.
I am demoing this way because I cannot watch charts all day in order to use the hourly signatures that I would use if I were just touch trading the levels without the daily confirmation bars.
The success rate to the FTA is proving to be very successful at...Ignored