AUD/JPY is at an intereting area of confuence with the 50% ret and 87.00 RN, 150 EMA is there as well on the 4H
Anything can happen.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedEuro / SGD was just added to Oanda fxTrade. Strong daily close above that lvl would be nice.Ignored
DislikedHello guys, I took my first trade last night using the advice of this thread. I have been trading Break/Retest (what you call PPZ) for quite some time now, but I was taking them blindly. Just setting pending orders in areas where I was looking for a PPZ. With the help of this thread, I was able to pinpoint what i was doing wrong 1) Not using PA in conjunction with my trades and 2) Not being patient and taking the best set ups. Below is my trade I took last night on the G/U that netted me 65 pips.
http://img823.imageshack.us/img823/919/1gu.gif...Ignored
Dislikedbuy low sell high -
buy as long as demand level holds.stops just below the demand zone.
seems to be a sticky one.
no time to monitor right now...will post my chart later to give ya a heads up.
its always cool to have different views
kindest regards
JonasIgnored
DislikedHey guys, this is the one im looking at tonight. Dont know if it would be considered an A+ entry. But it has my interest. We have a FBO at a PPZ zone with a close above the 150ma. I want to post to see what the experienced traders think.Ignored
DislikedWell another profitable trade I took today. Being 5th winner in a row!
Exited as I saw this 0.8850 RN (which is also a minor PPZ).
I have a feeling it can go further, but don't want to take any chances.
Not caring about RR and just taking money at SR gave me 5th winner in a row
or about 1.7R total gain...
Is this a way to trade? Still just 2 losers will wipe out these 5 winners...Ignored
DislikedWell another profitable trade I took today. Being 5th winner in a row!
Exited as I saw this 0.8850 RN (which is also a minor PPZ).
I have a feeling it can go further, but don't want to take any chances.
Not caring about RR and just taking money at SR gave me 5th winner in a row
or about 1.7R total gain...
Is this a way to trade? Still just 2 losers will wipe out these 5 winners...Ignored
DislikedWell another profitable trade I took today. Being 5th winner in a row!...
Is this a way to trade? ..Ignored
Dislikedwhy not?
who knows this could be a start of a 'trend'.
test it further, see how comfortable u are trading this way.
nice jobIgnored