I'm playing the EU and EG myself. This newbies "whys" aren't worthy of this thread yet. We'll see.
Good luck all.
Good luck all.
Ghost Rider - WWTBMD?
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHi All
I quite like the Daily pin on NzdJpy.
Good formation, long(ish) tail and small body
Its with the recent up trend and touches on the 50% Fib from the swing low on 30/03 to swing high on 06/04.
To me it looks like price has broken through resistance around the 5675 area and is testing it from above.
Any comments?
AttachmentIgnored
Disliked..
I am keeping a spreadsheet of all my trades and demo trades to build my confidence.Ignored
Dislikedadd two extra tabs: 1. your projected tp (first resistance area once you're in a trade), 2. actual high price hit before retracing. Compare these numbers to your exit.
It'll helpIgnored
DislikedYep. Great set up. I'll be in it.
Any Base system playas out there?? ( I add the 200 EMA to it)Ignored
Dislikedadd two extra tabs: 1. your projected tp (first resistance area once you're in a trade), 2. actual high price hit before retracing. Compare these numbers to your exit.
It'll helpIgnored
DislikedI've heard the Base system talked about in a few different places. Is this described in a thread, or is it only available in the PF? All I know is it relates to PA the first time it comes back to an EMA. Or at least, that's what I think it is about...
JoshIgnored
DislikedI like the nose, don't like location. If it tested 1.30, I would love it.
I guess I'm in a bit better position since I took 4hr pb break, but If daily breaks, I'd watch 1.3350 closely..Ignored
DislikedEspecially because it would fall into your FAVORITE zone! I think I'm passing. Just not much room. 1.3350 and then just over 1.34 from lows a few weeks ago.
JoshIgnored
Dislikedjames made some good posts here about using MAs
http://www.forexfactory.com/showthre...ght=365&page=2Ignored
Dislikedwell done josh, I see it the same way, and am passing as well. Better ones will come. But you have marked off where it might have trouble. Trading or not trading it then just comes back to ones game plan
MikeIgnored
DislikedI'm playing the EU and EG myself. This newbies "whys" aren't worthy of this thread yet. We'll see.
Good luck all.Ignored
Dislikedwell done josh, I see it the same way, and am passing as well. Better ones will come. But you have marked off where it might have trouble. Trading or not trading it then just comes back to ones game plan
MikeIgnored