DislikedIt would be so great if someone could give me the link of a great guide about price action Thans in advanceIgnored
you will find there anything you need, just need digging a little...
JacekPreserve Precious Capital
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DislikedIt would be so great if someone could give me the link of a great guide about price action Thans in advanceIgnored
Disliked"Trading made simple" or "Simply don't trade"...I like this system but in all reality looking for A+++ trades you're lucky if you get two trades a month...which is fine I guess. But overall you're not gonna be making very much money with this system unless you're trading standard lots. Most of the time when you think a set-up is occurring it is counter trend and there's mostly support and resistance not too far away...so overall I guees it's a pretty safe effective system...but you'll be out of the game most of the time as most moves are happening....Ignored
Disliked...and a lot of times before the green crosses red the majority of the move has already taken place. Anyone else notice that?Ignored
Disliked{quote} Thanks dano...but I'm thinking hourly in direction of 4h...15m for entry?Ignored
Disliked1st of all, thank you for the 3 people that decided to answer my question. they say hindsight is always 20/20 eh. Its been said that on 1h chart, PA is king. Below are 2 perfect example so my question was, if anyone will go long on that setup. All of you in one way or another said no. and please there is no right answer or wrong answer here. True that counter trend is usually not a friend and from yesterday the bias is down. However, what im trying to do here is to show that sometimes counter trend is worth it, especially when it has minimal risk....Ignored
In each of these cases, before taking the trade it is important to look left to see what support or resistance may affect your trade. Big E taught that, as well. It does not mean that you have to exit the trade because you get a change in candle color but you need to be aware of S/R areas (example….dotted gray line at 127.80) that affected the LO trade.
Disliked1st of all, thank you for the 3 people that decided to answer my question. they say hindsight is always 20/20 eh. Its been said that on 1h chart, PA is king. Below are 2 perfect example so my question was, if anyone will go long on that setup. All of you in one way or another said no. and please there is no right answer or wrong answer here. True that counter trend is usually not a friend and from yesterday the bias is down. However, what im trying to do here is to show that sometimes counter trend is worth it, especially when it has minimal risk....Ignored
Disliked{quote} Let me try to add some more insight into what greenb and tenmile are showing. When price moves more than 60 or so pips in one direction, it will seldom reverse without several candles of consolidation.....there are three examples that I marked on the chart with white rectangles to illustrate. In the rectangles, there are 7 to 10 candles in a row that are consolidating (14 to 25 pips in difference between the highs of all of those candles) and then, finally you get a reversal. In all three examples, a pullback candle reversal pattern occurred...Ignored
Disliked{quote} Let me try to add some more insight into what greenb and tenmile are showing. When price moves more than 60 or so pips in one direction, it will seldom reverse without several candles of consolidation.....there are three examples that I marked on the chart with white rectangles to illustrate. In the rectangles, there are 7 to 10 candles in a row that are consolidating (14 to 25 pips in difference between the highs of all of those candles) and then, finally you get a reversal. In all three examples, a pullback candle reversal pattern occurred...Ignored
Disliked{quote} Let me try to add some more insight into what greenb and tenmile are showing. When price moves more than 60 or so pips in one direction, it will seldom reverse without several candles of consolidation.....there are three examples that I marked on the chart with white rectangles to illustrate. In the rectangles, there are 7 to 10 candles in a row that are consolidating (14 to 25 pips in difference between the highs of all of those candles) and then, finally you get a reversal. In all three examples, a pullback candle reversal pattern occurred...Ignored
Disliked{quote} If you click on his name and look at his posts you will see he is still very actively trading the system. Its well worth the search.Ignored
Disliked{quote} Hello Phx62, Thanks very much for your teach...! Can you tell to us why two candle you pointed out is not a pullback candle? {image}Ignored
Disliked{quote} As I stated above: "The wick on a pullback candle must be at least ½ of the total size of that candle and only have a wick on one end. An even longer wick is preferred." Candles that have wicks at both ends indicate that the bulls and the bears are still battling and a trend or price move is not yet determined.....will price reverse or will it continue the original direction? Until the battle ends, there is no way of knowing. Candles with wicks at both ends are really just long consolidation candles.Ignored
Disliked{quote} As I stated above: "The wick on a pullback candle must be at least ½ of the total size of that candle and only have a wick on one end. An even longer wick is preferred." Candles that have wicks at both ends indicate that the bulls and the bears are still battling and a trend or price move is not yet determined.....will price reverse or will it continue the original direction? Until the battle ends, there is no way of knowing. Candles with wicks at both ends are really just long consolidation candles.Ignored
Disliked{quote} Phx62, i have to say it, you are also one of the greatest teacher here on FF, thanks for your hard work.Ignored