Chart speaks for itself...
There is also a Daily Trandline coming in @ 1.3650 area... So this may turn out nicely...
There is also a Daily Trandline coming in @ 1.3650 area... So this may turn out nicely...
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedYep, and a follow up post now that I am back to my computer.
What this means is simple. Ranges are decreasing over X amount of bars, which means price is consolidating, which means the likelihood to see a bigger breakout move increases(in general). So the idea is to find and get in on the breakout move where price finally breaks out of the decreasing daily range trap
MikeIgnored
DislikedThis weekly breakout (Eur/Jpy Weekly I10+B) is cutting through this mess (traffic in green) like butter.Ignored
DislikedOoo damn I've been doing exams for the past few days and missed this trade. Just a question on your exit Jarroo, have you got a level you're looking at? The 50 fib of the recent move on daily lines up with 133.0 and the 61.8 fib is at around 131.5.
I'm considering a late entry if we see a retest of the 135.0 levelIgnored
DislikedThe 133.50 shows a decent PPZ level. I'll look for bullish PA on the Daily at this level for a possible exit or confirming bearish PA to stay with the ride. Retrace PA is not a bad way to go at strong PPZ levels (135.00) if this down trend continues.Ignored
DislikedThe 133.50 shows a decent PPZ level. I'll look for bullish PA on the Daily at this level for a possible exit or confirming bearish PA to stay with the ride. Retrace PA is not a bad way to go at strong PPZ levels (135.00) if this down trend continues.Ignored
DislikedHi Jarro
There is a PB on H1.
Would you consider this as possible exit?Ignored
DislikedThe is a great point novice. It shows that you want to manage Price Action on the same time frame that it was taken. The I10+B was taken on the Weekly so I want to view my Targetss, PPZs, possible exits, etc., on the Weekly. I will drop down a time frame and view PA on that level for a more conservative approach. In this case, the Daily.
The Pin Bar on the Hourly would not cause me to exit even if it broke hard. Because in may hit its "targets" (in green) and then contiune down with the higher time frame trend or PA. The same is true with the...Ignored
DislikedStill short aud/usd and long eur/cad. I have to say going on the lake all day and spending 10min on charts is hard work, you guys can have the scalping crap lol. I may do it if it's bad wather thats about itIgnored
DislikedI like showing live trades (for good or bad) for people to see a different look. To put into action what we talk about here. People can learn from it, mold it to their own style or disregard it all together.
I wish I was available to do the Eur/Jpy Weekly I46B in real time. lol That would have been cool. But the Gpb/Usd trade was probably more beneficial, because it was a break even or small loss trade.Ignored
DislikedHello Jarro,
I really hope you can do a demo video on this, like managing the G/U and E/J Trade. It will be really helpful.
I am in process try to minimize the loss even I am comfortable by selecting good PA at certain location.
Maybe you can show a video showing us the process of how you try to manage the GU and EJ trade.
I was in the GU trade today by but having draw down of 100 pips before going green for me, but I really don't feel comfortable with that when I see the big draw down.
I want to learn the skill from you on the...Ignored
QuoteDislikedthe second PPZ provided a weak support and retrace back to the first PPZ.
DislikedI am playing aggressive here :-)
Well, this is inspired by Mike's latest webinar.
First, we have a huge bearish outside bar breaking the top PPZ. Then, the second PPZ provided a weak support and retrace back to the first PPZ. I am selling here. The stop is a little above the first PPZ.
KenIgnored
QuoteDislikedUsd/Cad...
Dislikedghous,
you are taking on multiple trades? with exams to boot....
How's that possible?Ignored