Yep, saw that double low/higher close (dblhc) and went long. James16 chart thread imo is essential reading for fozzy traders. I don't stay away from a trade if there's no price action confirmation but it does give me reassurance and possibly an indication to put on an extra lot as well as a great place for stop losses.
If you're a conservative trader, a fozzy cross PLUS a corresponding price action pattern such as pin bar, outside bar, dblhc could result in fewer (much fewer actually) but better trades.
Thanks for sharing Jason, hope to see more charts like that being posted.
If you're a conservative trader, a fozzy cross PLUS a corresponding price action pattern such as pin bar, outside bar, dblhc could result in fewer (much fewer actually) but better trades.
Thanks for sharing Jason, hope to see more charts like that being posted.
Quoting jlowderDislikedHas anyone here studied the price action formations on the James16 threads?
If you look at this fozzy entry for USD/CHF you'll see a fozzy cross, with price seeming to have stalled and moving back upwards.
Jason
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