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Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedexposure £240 per pip real
sorry for clutter
$ long
Gbp short
jpy long
eur shortIgnored
DislikedHey Bones, not to offend. But i see that maximum of the trade u take is against the trend and upon that u open mutiples positions. This just confuses me a lot. as per james16 methd, we should trade according to the trend using price actions, but u do the reverse of it ? and myself being a newbie and just starting up with the price action trading, i really get nervous or feel myself mistaken when i see u have took the opposite of my trades.Ignored
DislikedHey Bones, not to offend. But i see that maximum of the trade u take is against the trend and upon that u open mutiples positions. This just confuses me a lot. as per james16 methd, we should trade according to the trend using price actions, but u do the reverse of it ? and myself being a newbie and just starting up with the price action trading, i really get nervous or feel myself mistaken when i see u have took the opposite of my trades.Ignored
DislikedOk Mate...here is a trade I'm currently in.This is a real account and the trade is live as we speak.
Daily BEOB on EUR/GPB chart.
Trade Reasoning:
#All the following TF's trending down,daily weekly and monthly (so I'm a seller).
#BEOB at a pull back from the down trend.
#Minor swing high.
#PPZ at RN of .8050.
All of the above says CONFLUENCE.
Sell 15 micro (3% risk) @.8035
SL initially set @ .8106 and the reduced as trade went in my favour,currently at BE.
TP .7950.Ignored
DislikedOk Mate...here is a trade I'm currently in.This is a real account and the trade is live as we speak.
Daily BEOB on EUR/GPB chart.
Trade Reasoning:
#All the following TF's trending down,daily weekly and monthly (so I'm a seller).
#BEOB at a pull back from the down trend.
#Minor swing high.
#PPZ at RN of .8050.
All of the above says CONFLUENCE.
Sell 15 micro (3% risk) @.8035
SL initially set @ .8106 and the reduced as trade went in my favour,currently at BE.
TP .7950.Ignored
Dislikedjust wanted to warn u but it seems too late already... this EURGBP trend is pretty strong to play against it.Ignored
Dislikeddo not know yet if its a gem or paycheck for education but I am in itIgnored
DislikedThanks for heads up M ,lol ,
really speculators on gbp market I believe ,call me crazy anyway their wrong I feel ,lol
support under pressure cable may be then ..Ignored