excellent alphac
I saw a bunch play the gbp aud and gbpcad
I played the gbpjpy based on the wedge and 2hr OB. My charts from the PF
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedLook for outside bars at highs and lows, and some confluence. Think about taking retrace entries if there is a logical area, will give you more choices for stop loss placement and easier management, drop a time frame or two to look for PA at the retrace level. ie: this 4hr outside bar at a double top, logical retrace entry area (blue line). The chart below is the 1hr where a pinbar appears exactly where we'd like it, you now have a great place for the stop loss above the pinbar to kick off with. GBPAUD 19th July. 4hr chart {image} 1hr chart {image}...Ignored
Dislikedvery nice guys looks like a bunch traded the classic J16 BEOB beob engulfing Beautiful price pivot zone, retrace to the pivot(think about the article I wrote yesterday and optimizing your entry) TP logical area gap and previous support Here were my charts from the PF {image} {image}Ignored
Disliked{quote} Hey mbqb11, I think you should keep winners more than just catching 1:1RRR. Try to let at least 1:3 RRR. Since the USD/JPY is in a downward trend and we got space for more pips, it is better to let winner running . Just my opinion. Best Regards, PetarpetarIgnored
Dislikedvery nice guys looks like a bunch traded the classic J16 BEOB beob engulfing Beautiful price pivot zone, retrace to the pivot(think about the article I wrote yesterday and optimizing your entry) TP logical area gap and previous support Here were my charts from the PF {image} {image}Ignored
Disliked{quote} Hey Peter I use what is called dynamic R:R. My R:R on this trade was 2.4 : 1 If you cut your losses effectively and logically you can flip R:R in your favor. It's a dynamic concept that I think is misunderstood So in this case I let my winners run knowing i'll be able to cut my loss. Keep up the good work MikeIgnored