I am thinking about waiting for the range to tighten, and play a break.
Thoughts?
Thoughts?
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI am thinking about waiting for the range to tighten, and play a break.
Thoughts?Ignored
DislikedGhous,
Thanks very much for pointing this obvious one out (I'll get my coat...)
I guess I just saw the consolidation and didn't put much weight on the longer term action
Thanks again Ghous...!!!
Fat TomIgnored
Dislikedlol....I guess If I was in their position, I'd do the same thing....BTW is there such a thing as female FX trader groupie?
GregBIgnored
DislikedAs far as bar shape is concerned sure is...
But again that's probably less important than the fact that it occurred during a consolidating period, with one heck of a spatial concern, but was probably very much tradable as I see it bouncing off the "range floor".
Anyways an order should never have been triggered as the high never broke...one of those setups which could turn out to be interesting and fruitful if they play out, other times when they don't give you a good hard break you move on...
Overall trend's down...
Ghous.Ignored
DislikedThe hard and fast break was impressive, and went along for a good 30 pips. One thing I know is that on the 4H I should not have in any way allowed this to come back and hurt me.Ignored
DislikedWooooo Hoooooo!!..
i'm so excited!!....
Then again....maybe i just got lucky!!!!Ignored
Quoting raczekfxDisliked............
This is my last post on this thread for some time, ...at least until things settle.
Be well. Trade well.
RIgnored
DislikedOne of the amazing things about the material is you can profit in a consolidating market. For me this is a good setup, IF it breaks it will go to the top of the range. If not then it may be played as a 2 bar low.Ignored
DislikedCongrats... luck also has to be earned ..
Just like mine..(attached below)
.
No, there are better champs..
This is my last post on this thread for some time, ...at least until things settle.
Be well. Trade well.
RIgnored
DislikedA 2 bar low probably yes, but as is often true in a consolidating market there are spatial concerns down south too...
Look at 1.06 for a ppz on the weekly, I would be very very cautious of going short until we can safely see through 1.06, even if that means skipping the TBL altogether...
I would then rather be happy with a pullback short trade to the 1.06 off a lower time frame.
Ghous.Ignored
Disliked...at least untill things settle. ----> ???
Hope everything's fine Bro,
With a genius of a nucleus in your head I can't help wonder what could go wrong.
lol...just jk.
Won't poke into your personal matters.
Catch up with you later Mark.
Ghous.Ignored
DislikedOne of the amazing things about the material is you can profit in a consolidating market. For me this is a good setup, IF it breaks it will go to the top of the range. If not then it may be played as a 2 bar low.Ignored
Disliked"The problem, especially in this day and age of shrinking time spans, is that most of us are not blessed with the patience and discipline that we so badly require for successful trading and investing." - Pring on Price Patterns, pgs224-225.
So so true. Happy weekend all. Let's come back refreshed and ready to put this week and it's emotions behind us (as best we can)...
JoshIgnored
Disliked...
This is my last post on this thread for some time, ...at least until things here settle.
Be well. Trade well.Ignored
DislikedAre you a PF member? There are some good videos by Jim showing exactly what you are referring to here. I learned to trade the reversals first on daily. Now I am looking at the daily ranging/consolidating stuff. Combine the daily TF material that Jim teaches with the retrace stuff on lower TF's that you see Rac post about and watch your account grow.
Demo first of course.
K.I.S.S.Ignored