excuse me for askin hoss, but how do you see the swiss as a good setup for next week? Nothing is really indicating on the charts that its going up or down.
I dream, therefore I become.
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedexcuse me for askin hoss, but how do you see the swiss as a good setup for next week? Nothing is really indicating on the charts that its going up or down.Ignored
DislikedThe Swissy is a nice set up. Will you enter before the end of the week or wait until the start of next week?Ignored
Dislikedi entered on the break of the weekly IB bar down(and break of TBL). Looking to hold long-term of course.
MichaelIgnored
DislikedHere is a trade I closed today at the TL cross and 61.8 confluence. I held the position since the first pin bar. So look what started this run, and what is probably going to end this run. Pin bar at the bottom of the channel and a new pin bar at the top of the channel. Just have to be patient.
MikeIgnored
DislikedHere is a trade I closed today at the TL cross and 61.8 confluence. I held the position since the first pin bar. So look what started this run, and what is probably going to end this run. Pin bar at the bottom of the channel and a new pin bar at the top of the channel. Just have to be patient.
MikeIgnored
Dislikedmike nice hold there, can I ask how you managed this trade, i see it went nearly 60 pips or somethign into profit, if you traded break, then it dropped into a draw down of 30 pips approx, then it slowly built up to wher we are now.
Did you close some when you were in profit? or did you have a longer term view and didnt' want to close or move stop to b/e unless you reached this level?
thanks
westieIgnored
DislikedThat's a pretty great trade Mike. Very patient and nicely done.
Did you at any point close part of the position to lock in some profits or did you let the whole thing ride to the top?
And are you planning on entering short on the break of today's pin?Ignored
DislikedHey westie,
I cheated on this one, I used this daily trendline to find an entry short off on smaller time frame. So would be nice to get a daily pin and that break.
Also here is my weekly trade on the swissy broke down the way I wanted it too. So this one I will hold for awhile.
Mike
Charts of bothIgnored
DislikedHey Mike did you get in on the swissy at the first break down at 1.2354 or did you get in on the second push? I was in on the first break of 1.2354 but then got stopped out when it reversed to 1.2405. Where did you place your stop? I guess on breaks of a channel/weekly ib you can't get too tight with the stops? oh well learnin'
I dig the 15 minute chart. Awesome.
Cheers
(i deleted my post because i thought somebody asked the same question, nevermind though)
I think its days like today when there is so much to trade that I do the worst. hahIgnored
DislikedI think I might be having my first DBLHC experince.....
I know I need to wait until the 4H closes but it looks promising. This is on the FXDD mt4 chart....It would be interesting to see what other GBP/JPY charts on different systems look like....Ignored
DislikedAt this time of day, i would wait for the dailies to come out. Then see what they entail. There will most likely also be a pin bar on the daily GBP/USD which means a definite buy is in order. Dont be reckless though, they do sometimes fail.Ignored
Dislikedtrue, and thats a good thought. There is a reason to trade however, the pin bar will be coming up on top of a fairly large support at 9450. There is also a short term support at 9505. I plan on placing my stop right below the longer term support line. Please mention it if i am wrong. Thanks.Ignored