QuoteDislikedLOL - Consolidation?........or Reversal?
Alexandra,
small bet.... consolidation, then down. 125 - 130 area, the possible next area/station/range. & down further, who knows?
just my 'scenario imagination' turned on.
Where can I learn more about Price Action like those in James16 charts? 9 replies
QuoteDislikedLOL - Consolidation?........or Reversal?
DislikedAlexandra,
small bet.... consolidation, then down. 125 - 130 area, the possible next area/station/range. & down further, who knows?
just my 'scenario imagination' turned on.Ignored
QuoteDislikedThat I46B (or any other PA) sure would look better in the green area. Nice confluences of Fibs and round number (140.00).
DislikedAlexandra,
I'm sure u have no worries..
since we are talking of figurative trains here, we can ride on both at the same time.
Apparently, u are still riding the current in-demand train which is going up, squeezing out all the pips u can.Ignored
DislikedWith the recent discussion on IB, I'll like to give my opinions on how i view them and by all means... please comment on it.
I tend to look for PB or other PA on Daily chart, then go down to 4H chart to look for any PA confluence.
Then I wait for breakout in 1H. However, I wait for candle close out of breakout lvl for confirmation.
From backtest
Daily :
4H : IB IMO, is like a boost to momentum.
1H : I highly doubt I would be able to hold the position to the next day due to my tight trade management. (Please ignore the Fibo...Ignored
DislikedThe first attempt to break D2 negative pin bar on GBP/USD didn't end up as i wanted, hope the second attempt will bring some fast pipsIgnored
DislikedThe first attempt to break D2 negative pin bar on GBP/USD didn't end up as i wanted, hope the second attempt will bring some fast pipsIgnored
QuoteDislikedThere's the break I like, i'm in.
DislikedSmashing through the 1.6300 is key, if it doesn't I'll look for a possible out or break even.Ignored