Mike can I ask you, on the Spanish IBEX would you have played the IB after the BEOB on maybe a break of the first trend line? Or would it be the type of set-up you wouldn't touch.
Thanks
Thanks
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedIf there are any AUD CHF fans out there , I am sorry to be the one to break this to you but I am sort of nailing it big time right now ...Ignored
DislikedIf there are any AUD CHF fans out there , I am sorry to be the one to break this to you but I am sort of nailing it big time right now ...Ignored
DislikedYes, that's correct and one approach . .many ways to skin a cat.
I believe we are talking about two different pairs . .the UsdChf and AudUsd.
Do you have a chart to better ask your questions, Dan. . . that would surely help.
JimIgnored
DislikedMike can I ask you, on the Spanish IBEX would you have played the IB after the BEOB on maybe a break of the first trend line? Or would it be the type of set-up you wouldn't touch.
ThanksIgnored
DislikedI think that's a great trade, but I prefer selling a break of the BEOB just to make sure we make that new low. Your FTA and bar highs is a pretty strong shot from there with that space.
Best
MikeIgnored
DislikedNo, I'm playing the break that looks like it already happened... Gonna pay attention to how price reacts to that first trouble area... Will trail my stop logically as price moves.Ignored
Dislikedmoved my stop down to above todays current high. basic S/R move here.Ignored
DislikedBuddy , no formalities ... Ask anything anytime ... I don't remember when you asked me that ... Plus I dont understand exactly what you asking ??? How am I managing the trade ? Is that what you are asking /???Ignored
Dislikedmoved my stop down to above todays current high. basic S/R move here.Ignored
DislikedDude ..you're only 21 years old?!!! damn . . Fantastic , watch out Soros .Ignored
DislikedIf there are any AUD CHF fans out there , I am sorry to be the one to break this to you but I am sort of nailing it big time right now ...Ignored
DislikedWhere is the guest section of this video? And who is this Janes?Ignored
DislikedHaircut,
Thanks for reply. Could I just (in my ignorance) clarify a couple of points:-
1 When you say you protect your stop loss bbehind a bar high or swing point, do you regularly put the stop behind the bar which makes the breakthrough.
2 Could you clarify what placing the limit order at the fta means and how this closes the first trade. e.g. if you place a buy order at say 1.0010 and fta is 1.0050, is it a buy limit or sell limit you place at 1.0050?
Many thanks for your help.
MIgnored
DislikedHi thanks for the reply mate, but from what i read this is just another way of playing the LCS/HCR levels where price fails to close above of below.
Im trying to understand this newer concept of Confirmation closes.Ignored
Dislikedmoved my stop down to above todays current high. basic S/R move here.Ignored
Dislikedgot in myself via an 8hr or 12 hr beob
Using the H&S type pattern same as yours with the huge bounce off hysterical 8000 markIgnored