DislikedI lost that GBPUSD trade as PB triggerd. I think that it could go both ways on the news. It went against.Ignored
Don't give up
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI lost that GBPUSD trade as PB triggerd. I think that it could go both ways on the news. It went against.Ignored
DislikedIt seems I'm not the only one who got some loss in that nasty pin.
But what did happen actually? Was it a good trade? Mike? Somebody?Ignored
DislikedIt seems I'm not the only one who got some loss in that nasty pin.
But what did happen actually? Was it a good trade? Mike? Somebody?Ignored
DislikedIt seems I'm not the only one who got some loss in that nasty pin.
But what did happen actually? Was it a good trade? Mike? Somebody?Ignored
DislikedIt seems I'm not the only one who got some loss in that nasty pin.
But what did happen actually? Was it a good trade? Mike? Somebody?Ignored
Dislikedhey mike i was looking the same pinbar and i wanna ask you something. i know this a technical forum but how do you treat news? i mean in your post you say (and off course you're right) that if it doesn't break hard it's going to fall but knowing this were you still interested on the BOE inflation report (wich i think caused the bearish break) or you've simply ignored it?Ignored
DislikedHey LT
Meshka showed you a good chart. There was a lot in the way of this bar in a lot of traffic fighting a larger down move. I won't be around much today but when I get a chance I will cut out my analysis from my webinar on this one for you to make up for my absence
Best
MikeIgnored
Dislikedhere is my clip from yesterdays webinar hope it helps
http://rapidshare.com/files/30399486...aily%20pin.wmv
Best
MikeIgnored
DislikedHey JC
I really think this one gave away what it was going to do by the setup itself, this is of course how I feel about all charts. I personally ignore all news myself. It's just a piece of information that has never added value to my trading and I think most things are built into our chart it's just up to us as traders to decipher it right(more times then we will be wrong).
I will get that video to you guys in the coming days so you can see my analysis on this one but also how (based on my previous chart on gbp/usd) that even if you decide as a trader to take that bar you need to manage your risk as well
Best
MikeIgnored
Dislikedhere is my clip from yesterdays webinar hope it helps
http://rapidshare.com/files/30399486...aily%20pin.wmv
Best
MikeIgnored