DislikedSorry Mike, did I disrupt your lesson?
I can be an obnoxious teacher's pet at times . .
JimIgnored
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Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedSorry Mike, did I disrupt your lesson?
I can be an obnoxious teacher's pet at times . .
JimIgnored
DislikedHi Jarroo
Not sure if you saw my last question a few days ago but I was just thinking about possible trade management methods for those of us with a 9-5 job. Do yo have any suggestions on how we can manage our trades ? we cant use 1hr/4hr signitures since we wont be at the charts. Any thoughts on setting sl/tp/trade management etc ?
Cheers
DanIgnored
DislikedMike , Do you think GBP CHF Daily Pin Will work ??? It is lining up with my LCS long trade though ...Ignored
DislikedYes there is method to just trading the Daily and/or Weekly TFs that only require a brief analysis at the end of each day (5:00 PM EST, New York Close). I'm still working on how best to present it in the PF as part of my videos series. I'll let you know the basics of it when its completed .
JimIgnored
DislikedJi, in that post about the SL, I meant to ask if you were using a different SL approach to what you normally use. Obviously that is not the case.
I have a question about the weekly close this Daily confirmed support area we had on Thursday. The Thursday Daily candle low confirms this area as support. Now however, we have just had the Friday daily candle and the weekly candle close below this former support area. I imagine that we can consider this area to probably act more like resistance now. Simply by the fact that we have had a weekly & daily...Ignored
DislikedI like to use the PBT&CAorB bar as the S/L placement . . interesting that on a PA setup the S/L is the same. .meaning the S/L is above or below the PA setup . .
Sure we had a Weekly close Below a Daily HCR level . .but didn't we also have a Weekly close Above a Daily HCR level as well??Ignored
DislikedYes, I understand that but, are we not going to retest the area at point A, before it will comes back to B?
Thanks JimIgnored
DislikedToday it test "B" first . . now it may break through and Close Above "A" .
We are looking for this same market structure that I showed you on the EurAud and EurNzd, a start of a trend. . .the beginnings of a uptrend potential.
Price may fall apart and hit our S/L or a Daily may close below "B". ..who knows . ..let's wait and see where today's Daily closes.
JimIgnored
DislikedYeah that 4 Hour PB on your interbank feed looks weak compared to the strong uptrend. But it still may workout . .meaning it would hit its immediate target and then start moving back up.
Yes I can see Price Consolidating between those Support and Resistance levels.Ignored
DislikedI hear you, thanks Jim.
I will watch the daily and see if it can show us where it wants to go.Ignored
DislikedYou were right, Jarroo. I underestimated the power that's still in the AUD pairs.
I moved my stops on AUDCHF to 0.9884 and AUDUSD to 1.0333.Ignored
DislikedI hear you, thanks Jim.
I will watch the daily and see if it can show us where it wants to go.Ignored
DislikedNotice that the entry on the Close was valid because of the previous day's (Friday's) Daily Close Confirmation of Support. .Ignored
DislikedJim
It played out exactly as you had mentioned.
Either I am really thick or confused or both but, wouldn't a long entry on the close of the weekly bar below this daily level, be going against the methodology?Ignored