DislikedIt's better to be out of a trade, wishing you were in vs. being in one and wishing you were out...Ignored
Oooh Oooh, Please post this quote here...
http://www.forexfactory.com/showthre...t=83930&page=4
& feel free to mark it RULE # 1
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedIt's better to be out of a trade, wishing you were in vs. being in one and wishing you were out...Ignored
DislikedOooh Oooh, Please post this quote here...
http://www.forexfactory.com/showthre...t=83930&page=4
& feel free to mark it RULE # 1Ignored
Dislikedthen you will play the break and not sleep until it reaches the double top, then you will move to BE. It is correct? Or you will not play the breal of the pb?
thanks in advance.Ignored
DislikedI have seen alot of pin bars similar this situation however most that have been posted in this thread have been discarded due to the "traffic" and not sufficient "space". So essentially you consider this a poor PB trade however a good breakout and pullback trade?Ignored
DislikedConsider this trade. Entry at the break of PB approx 1.7896 TP1 - 1.7812 and TP 2 at 1.7773. (Yellow lines are daily PPZ and green are 4hr PPZ)Ignored
Dislikedyou will sell a pulback of this ppz with sl at the top of the pb?
thanks in advance.Ignored
DislikedHey racz,
If you dont mind me asking you this question as I am also in the E/U trade.
What do you think about an eventual reversal during London session as it happens all the time ...Ignored
Dislikedno, pure break
I no longer let my brain interfering with my trading. When I used to think, I was only able to make 20-30pips/per move.
THINKING KILLS traders.
You'll never finish questioning yourself.
I wait for a setup, take a trade, set my stops and let the trade flow....Ignored
DislikedWhoa! Bemac, I thought surely that would already be in that thread. It's not? Consider it done. BTW, I wish I had the gift of expression the way you do it. I love reading your witty banter, comebacks, and observations. Oh, one other thing, I've always wanted to thank you for the way that you skillfully used diplomacy way back when Peter Crowns and one of the other members seemed to be getting sideways. That IB info that PC posted here on the forum, was some of my first real price action experience in trading. I believe that you were instumental...Ignored
DislikedWhat do you guys think about these trades.
U/CAD: Price rejected the daily PPZ. On H4, divergence. Target would be around 1.2000
E/J: This is the trade I'm currently in since yesterday. Still correction in the daily. Entered on pure break of the correction range on H4. Price retest at blue area. At first, thought of closing the trade but price respecting the resistance, so I hold on and changed my stop loss to the area. And looking for add-on at the current swing low. TP around 123.00
Edit: Book for weekend, I just finished reading Adventure...Ignored
DislikedBoth these trades look good to me Arcus, Usd/Cad specially
Nicely done.
Regards,
Ghous.Ignored
DislikedPS just as a suggestion make sure you're aware of the 124.00 ppz on Ej, zoom out to the daily and you'll see a nice little relationship of this ppz with prize.
Regards,
Ghous.Ignored
DislikedThanks Ghous. I'm aware of the PPZ. Price find support at the PPZ after yesterday's London open. I would love to hold, already reduce my stoploss. If I'm out, NVM lol Still thinking about it Market is slow right now maybe due to NFP.Ignored
DislikedI no longer let my brain interfering with my trading. When I used to think, I was only able to make 20-30pips/per move.
THINKING KILLS traders.
You'll never finish questioning yourself.
I wait for a setup, take a trade, set my stops and let the trade flow....
For setup/targets on my e/u trade please refer to post #18091Ignored
DislikedI posted this one inside the PF. This is what I consider a breakout + pullback play. We have major PPZ forming around the .7000 big round number. Price broke out stalled at the high around .7250 and we even got a TBH. Price then pulled back and pinned off the .7000 mark which I love(sure through a fib in there if you want). This was heavy resistance turning into support. I am looking for us to break up and if we can breakthrough and even close above this TBH area it shoudl be off to the races until we hit the next area of Resistance marked off with...Ignored
DislikedGood spot but here's wot i have maybe it will paint the picture right. Tha crown formation is more visible in 1hr and u can see this in my chart below. there are defined process for crown formation and i have them in my text book like this 1. Break of TL 2. support/resistance holding 3. retest of TL close to right/left shoulder I was looking at this like 18hrs ago for possible formation. though it did formed but not where i would have preferred it(TL retest). as long as price is held at the outside TL price might be getting ready for another set...Ignored