closed one trade, will take action on the second when price closes in on the 1.38 rn
dollar taking a nice bashing today
dollar taking a nice bashing today
Where can I learn more about Price Action like those in James16 charts? 9 replies
Disliked1st taregt met on NZDUSD long trade for +35. Next area I see coming up on the daily and weekly chart is 7950 as an area of past S&R. Keeping watching.
Thinking the run up on EU will drag the NZD up with it.Ignored
DislikedBest if you could post a chart with the comments.
I have no idea what trade you are talking about.
What PA was there, the H4 PB?Ignored
DislikedYeah I will do, although I posted it yesterday as well. Maybe a link back to that comment on the thread.
It was a daily DBLHC entry for me, with some weekly long confirmation.
This is how things looked yesterday on the dailies when I commented on it.
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note: is there any way of adding previous images posted into new threads without uploading them again?
Link to yesterdays post hereIgnored
DislikedWhat PA setup was there, I don't see a valid one.
That bar looks like a DBLHC but I think the lows have more than 3 pips difference, 3 pips is the limit in either a DBLHC or DBHLC
EDIT: Yeah, just go back and click on the image to expand and copy the URL, then use the button in this pic to link the URL to the image. It will display the image.Ignored
DislikedOn my data the difference was only 2 tenths of a pip 76733 on the first bar, and 76735 on the second bar.
That's why I always say to people that ask me to use the data you have in front of you. No central FX market, so every body is going to have slightly different data based on numerous factors. I even know people using the same platform with the same broker that have slightly different data simply because the platform is connected to different servers with the broker.
So moral to the story. Use the data you have in front of you.
And thanks...Ignored
DislikedI see, images can deceive us.
Good job
Might want to watch out for the HCR on the weekly.Ignored
DislikedMoved & locked the SL behind the weekly LCS that lines up with the HCRIgnored
DislikedBehind the 38.2 fibo could be interesting.
Maybe be in for a retracement at this area with the spike, the TL the 38.2 fibo and the BRN.Ignored
DislikedOne option. Essentially means moving stops to entry. My entry was 65.
Stop positioning is something I need a lot of work on. Missed a ton of pips on GBPAUD by not giving the trade room to run. Went short at 6125 and look at that baby now. Touch of 55. Bugger!Ignored
DislikedI hear you, that is another reason I am working on Jarroo's methodology.
Gives us very logical areas to tuck our SL behind.Ignored
DislikedKeep reading over that details for his stuff. Just trying to train my eye to spot the areas. I think I've got the basics of looking across the charts and spotting the S&R zones, just need to fine tune it and make sure I'm on the right track.Ignored
DislikedJust keep your eyes on the SH & SL points on the higher TFs.
That is what I missed, the first time around.Ignored
DislikedThese are some of the areas I had marked off on NZDUSD as per the basic levels of S&R at what I see as SH and SLs.
Took off the weekly and daily charts.
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