DislikedHi guys,
What do you think of this ChfJpy daily pin? The bar size is smaller than prev bars but it's a swing high with lots of space.
comments welcome!
thanks,
fxsheepIgnored
G-Day all.
Josh
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHi guys,
What do you think of this ChfJpy daily pin? The bar size is smaller than prev bars but it's a swing high with lots of space.
comments welcome!
thanks,
fxsheepIgnored
DislikedAbout 30 mins to go for this bar on my feed. Swing high, price flip area. What do you guys think?Ignored
DislikedWich Timeframe?
Can you show us a chart?
Are you forecasting? or trading?
In my charts it´s clearing the 98.00 PPZ, but of course some day it need a retractment......Ignored
DislikedIt looks like USD/JPY is getting ready to take a fall....
Edit: Or at least a retrace, and no Im not calling, just discussing about the 99 zone it is approaching.Ignored
DislikedSorry, checked price on my phone.... I am just hoping I guess... "Prediciting" lol we see an exhaustion move up then a nice decline, but who knows. Im waiting for any PA of course...Ignored
Dislikedhi guys, lookin for some feed back on this setup i would have (probably)taken today if i had been at my screen. it looks good now but it always does when its a winner!!lol
its a us/cad 4hour beob but with a lot of traffic.great ppz though.i find this pair interesting at the mo as it is really winding up tight in a triangle formation which can be seen clearly on the daily chart.hence the post
hope you guys can add some light here for me??!!Ignored
Dislikedcvcamper, I don´t want to be rude, but looking at your last 20 posts I see you´re terrible short biased in the USD/JPY pair. I know "you think" this pair is overvaluated, and it seems a Bargain to sell it High and Buy later at a new fresh low. Because of that I did an excercise: if you had bought 1 minilot at 96.0, another at 97.50, an other 98 (instead of selling without any reason as you did), you would have 400 US$ in your pocket right now (and counting...). What I´m trying to say is that you MUST no have any kind of bias in this bussiness,...Ignored
Dislikedhi guys, lookin for some feed back on this setup i would have (probably)taken today if i had been at my screen. it looks good now but it always does when its a winner!!lol
its a us/cad 4hour beob but with a lot of traffic.great ppz though.i find this pair interesting at the mo as it is really winding up tight in a triangle formation which can be seen clearly on the daily chart.hence the post
hope you guys can add some light here for me??!!Ignored
DislikedTo me the bearish outside bar is to small, and the area it is in also is to insignificant. Also there is traffic approaching that can reverse the trade fast. The R:R doesn't seem all that great either, especially taken into account I haven't found a broker that offers a good spread on this pair. Not personally a trade I would take, but maybe you have a better reason.
Looking at it again, does not look that bad, but I would probably would of considered taking pips about 40 pips from your entry.Ignored
DislikedIt really could have been only a matter of a few pips, the result might have been totally different (may even have been opposite) had the BEOB not closed below 1.253, once it did the next stations were fairly clear, the 1.247 and the 1.24 round number
Did'nt take this one (was'nt around) but this BEOB IMO was perfectly tradable, simply because it was off a nice location and despite occuring in a ranging market had some space for a viable trade entry.
Regards,
Ghous.Ignored
Dislikedthanx ghous, i was concerned about the traffic, the first res. area was very close for the risk,on my feed bout a 65 pips stop for a possible 30-40 pips.can i ask how sure were you that the price would reach its... DESTINATION!!!!hehe??(for me 1.2415 + spread.
seems i have some to learn yet!!
thanx mateIgnored
DislikedGood post jim, very good thinking. Btw i spotted this BUOB as well on the 4hour, took it and I'm setting my SL and TP with the ratio 1:1 there. I've highlighted how I do it and I think this is going well. ohh while typing this post it shot up Comment pleaseIgnored